AT&T CEO John Stankey said on Thursday that he feels better about the state of film and TV productions amid the coronavirus pandemic, but the outlook for the theatrical business remains uncertain nearing the end of the year, with the recovery likely to be "choppy." He also admitted that the Tenet release was no "home run," even though he said he was "happy" the studio went ahead with the theatrical release.
And he once again declined to comment on whether the company will sell a part of pay TV arm DirecTV, but called pay TV "a mature business." Asked on the company's earnings conference call about the state of production, Stankey started saying"I'm breathing easier" before adding that was likely "a bad analogy" amid the pandemic.
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