John Stankey (WarnerMedia CEO) is taking on even wider duties with a promotion to the chief operating officer and president at AT&T (which renamed and acquired Time Warner in 2018).
As per the official declaration, this is a new role reporting squarely to Randall Stephenson (AT&T CEO). Stankey will take on the new role from next month while carrying on to act as CEO of WarnerMedia.
“Now is the time to more firmly line up our portfolio of scaled consumer relationships, world-class material, innovative advertising technology, and technical know-how,” Stephenson claimed to the media in an interview. He also defined Stankey—who has been at AT&T from 1985—as “an exceptional official who has headed almost every region of our business, excelled at processes all over his career, and assisted shape our strategy.”
The firm also declared that Jeff McElfresh will turn out to be the CEO of AT&T Communications, restoring John Donovan, who is leaving.
This decision follows as WarnerMedia is getting ready to roll out its big streaming platform HBO Max in 2020. The service will comprise HBO proper, together with other streaming material. It also follows after some notable exits at WarnerMedia, comprising Richard Plepler of HBO and Warner Bros’ Kevin Tsujihara.
On a related note, while Plex majorly aims on permitting consumers to set up a streaming server for their personal media files, the firm has also invested into other functions such as podcasts, live TV, and incorporation with other streaming platforms. Their newest decision will include an on-demand library of ad-based TV series and movies from Warner Bros.
Streaming only to US consumers, Plex will launch the content later in 2019. There is no programming timeline yet, so we do not know if consumers will be presented with current TV shows and movies from Warner Bros.