AT&T CEO Randall Stephenson: Netflix Is ‘Walmart’ of SVOD, HBO Is ‘Tiffany’ – The Wrap

AT&T Chairman and CEO Randall Stephenson brought out the big guns — or at least the big metaphors — Wednesday morning at Goldman Sachs’ Communacopia conference.
“I think of Netflix as kind of the Walmart of SVOD, HBO’s kind of the Tiffany,” Stephenson told those in attendance.
In terms of that whole “bigger and broader” HBO that WarnerMedia CEO John Stankey has spoken about multiple times — Stephenson totally gets it.
“You’d like to fill out the schedule…we’re not talking about Netflix-level of investments,” the head honcho of the premium TV channel’s publicly traded parent company said.
Both, Stephenson says, want content throughout the week and the year. They no longer want to see consumers cancel and renew their subscriptions around “Game of Thrones.”
Also Read: WarnerMedia CEO on AT&T's Streaming Ambitions: 'I Don't Want to Re-Create Netflix'...

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