WarnerMedia Scraps Plan For a Three-Tiered Streaming Service, To Package HBO, Cinemax and its Library Into One Offering For $16 to $17 a Month

AT&T’s WarnerMedia has abandoned its plan for a three-tiered streaming service and instead will likely package HBO, sister channel Cinemax and the vast library of Warner Bros TV shows and movies into one offering at a price of between $16 and $17 a month, WSJ reported on Thursday, citing people familiar with the matter. From the report: The subscription service will…