WarnerMedia’s SVOD will be heavy on the HBO content

WarnerMedia’s upcoming direct-to-consumer streaming product will pull heavily from content currently populating HBO and its apps.AT&T CEO Randall Stephenson spoke at a UBS investor conference and provided more details about WarnerMedia’s upcoming streaming service.He said the first layer of the service will look a lot like the movie library available today on HBO. The second layer will include HBO’s scripted original series like “Game of Thrones.” Then the third layer will take advantage of the Warner Bros. IP library including movies and scripted series.He said series like “Friends” could potentially appear on the WarnerMedia platform since Warner Bros’ new distribution deal with Netflix is non-exclusive.“We’re not going to have to spend another $11 billion to rival Netflix. We think we have enough IP and enough capability that we can put a product together that will be very attractive,” Stephenson said.