HBO chief Richard Plepler leaves network
HBO chief Richard Plepler announced Thursday that he is leaving the company after nearly 28 years.
Plepler did not give a specific reason for his departure, but said in a company-wide email to staff that “it is the right time for me to do so.”
The news comes just days after an appeals court ruled in favor of AT<><><><><><>&T’s purchase of HBO’s parent company, WarnerMedia, which was formerly known as Time Warner. (CNN is also a unit of WarnerMedia.)/pp”It has been the great joy of my professional life to share this ride with you over these many years. And the great honor of my professional life to be your CEO,” Plepler wrote in his memo to staff. “I don’t have the words to express my gratitude for the support and talent that made our success together possible. But suffice it to say, my love for this place, and for all of you, is deeply a part of me and will last a lifetime.”/ppPlepler said in his memo that he had informed John Stankey, the chief executive of WarnerMedia, that he would “work closely with him to assure a seamless and organic transition.”/ppHBO’s future under ATT ownership has been a topic of speculation since the AT<><>T-Time Warner merger closed last summer. HBO is a key part of the telecom company’s strategy to take on other entertainment behemoths, including Netflix and Disney’s forthcoming streaming service./ppAchieving dominance will require AT<><><><>T and HBO to find a delicate balance. HBO is known for its high-quality programming, and churns out considerably less content than Netflix./ppEven so, Netflix has been winning over critics and setting itself up as a formidable HBO competitor. The streaming service earned 112 Emmy nominations last year, ending the premium TV king’s longtime reign in that area. They tied for the most wins./ppAT