HBO wants out of its contract with a Disney-backed streaming platform, according to a report in The New York Post. The publication reports that the pay cabler will be trying to exit its deal with BAMTech sometime in 2017.
“Officially, the contract still has another year to go, though the change could be prompted by the fact that HBO is owned by Time Warner, which is in the process of being acquired by telecom AT&T,” The Post reports. “Sources say HBO has also been investing in developing its own in-house streaming capabilities.”
Disney owns a one-third stake in BAMTech, but is expected to assume a larger ownership stake.
The report adds: “The TV network, known for hit shows such as ‘Game of Thrones’ and John Oliver’s ‘Last Week Tonight,’ currently operates on a handful of back-end streaming platforms around the globe and is looking to consolidate its business, one insider told The Post.”