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. Guess which one he owns?
In terms of that whole “bigger and broader” HBO that WarnerMedia CEO John Stankey has spoken about multiple times — Stephenson totally gets it, and he concurs with his lieutenant.
“You’d like to fill out the schedule…we’re not talking about Netflix-level of investments,” the head of the premium TV channel’s publicly traded parent company said.