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This statistic highlights AT&T’s Programming and Production Costs, reported on a quarterly basis from Q1 2017 onwards.
AT&T is an American multinational company based out of Dallas, Texas. It is the world’s largest telecommunications company. It is the largest provider of mobile telephone service and fixed telephone service in the United States. This is also the parent company of Warner media. Warnermedia can further be segregated into Turner, HBO, and Warner Bro’s subcategories. As of 2018 AT&T was ranked number 9 on the Fortune500 rankings. They provide communication services to retail as well as commercial customers. The Turner component operates basic television networks, while the Home Box Office (HBO) works on premium pay networks. Warner Bros. is responsible for producing feature films, television shows, and video games. Warnermedia accounts for almost 11% of AT&T’s total revenue. AT&T’s Communications segment is its largest, accounting for 84% of the total revenue.
Xandr is their smallest segment and deals with advertisement and they also provide their services in Latin America. Thus AT&T has diversified itself into different sectors.
2019 revenue for AT&T was $181.2 billion as compared to $170.8 billion in 2018. Growth in domestic wireless service and business service revenues offset the decline in revenue from domestic video and Warnermedia. Full-year free cash flow was $29.0 billion compared to $22.45 billion in 2018, up by almost 30%.
AT&T’s programming and production costs include theatrical films and television episodes produced and those which are still in development.
AT&T’s programming and production costs for HBO were gradually increasing quarter on quarter in 2019, starting $482 million in the first quarter to 648 million in the 4Th quarter of 2019. Their programming costs for Turner were as low as $795 million in the third quarter of 2019 but headed back up in the last quarter to $1.23 billion. AT&T has invested heavily in Warner Bros with programming costs in the last quarter of 2019 of $2.10 billion, which was a big jump from the previous quarter’s expense of $1.62 billion.
As for Q1 2020 AT&T’s programming and production expenses for HBO were reduced to $585 million as compared to the previous quarter. Turner’s expenses were brought drown to $1.10 billion and Warnermedia expenses were also brought down to $1.82 billion.
The acquisition of Warnermedia lead to a major shift in AT&T’s business model and the company seems to be adjusting well following the acquisition. AT&T is now well-positioned as it holds a huge customer base and a lot of premium content. They plan to launch their subscription video-on-demand service as well.
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