AT&T to sell HBO Europe?
April 10, 2019
AT&T has reportedly held internal discussions with regards to selling the European arm of HBO, the premium TV network behind the likes of Game of Thrones, The Sopranos and Girls, as it attempts to cut its $170 billion debt.
HBO Europe, widely considered to be AT&T’s crown jewel, is one of a number of assets the US telco has considered selling, according to reports, which sadd that a potential sale has soured relations with veterans at the TV network.
HBO, which also has divisions in Latin America and Asia, has operated in Europe for several decades, licensing its programming to local broadcasters and pay-TV companies across more than 20 countries. HBO Europe has become a competitor to Netflix in the region in recent times, pushing its own d2c streaming service and attracting aoround 10 million subscribers in countries including Denmark, Spain, Sweden and Poland.
AT&T has thus far declined to comment.