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Sources: AT&T couldn't get an HBO Max distribution deal for Amazon's Fire TV devices before WarnerMedia agreed to extend its contract for AWS services

Jessica Toonkel / The Information : Tweets: @matthewkeyslive , @whatsonhbomax , and @tzm_tmt See also Mediagazer Tweets: Matthew Keys / @matthewkeyslive : This is a terrific scoop by Jessica. My write-up on it tries to put it into context with some history of the negotiations & the deal (as well as a similar episode involving Roku)... https://thedesk.matthewkeys.net/ ... ...still, read her story and subscribe to @theinformation. It's worth it. https://twitter.com/... @whatsonhbomax : Amazing scoop by @jtoonkel on how @WarnerMedia won the Amazon deal to make HBO Max getting it's own app on Fire devices by extending the deal with Amazon's Web Services (AWS), A win for HBO Max and a huge loss for Amazon Prime store initiative. https://www.theinformation.com/ ... Tavish ZM / @tzm_tmt : “The Amazon-WarnerMedia deal wasn't just about HBO Max and cloud services. It also included an agreement by Amazon to offer Warner movies and TV shows for rental and sale” $T https://www.theinformation.com/ ... See also Mediagazer

The Information Jessica Toonkel

Context & Ripple Effects

HBO Max's arrival on Fire devices in November after months of absence now looks less like a standard carriage agreement than a two-sided trade: sources tell The Information that AT&T couldn't close a standalone distribution deal, and it moved only once WarnerMedia agreed to extend its AWS services contract. The timing matters because AT&T was pushing hard on subscriber growth at the time, having reported 12.6 million US HBO Max subscribers in early December.

The structure of the win also explains what WarnerMedia gave up downstream: Amazon simultaneously agreed to pull HBO from Fire TV's Amazon Channels so that WarnerMedia could own the customer relationship through its own app rather than resell through Amazon. The Information's reporting notes a similar episode involving Roku, suggesting this is a repeatable playbook rather than a one-off.

First-order effects

  • HBO Max gets first-party placement on Fire TV just as AT&T needs distribution reach for its $4B streaming bet, while Amazon gains a renewed WarnerMedia cloud customer on AWS.

Second-order effects

  • WarnerMedia's direct-app push costs Amazon channel revenue but hands WarnerMedia the user data and billing relationship it needs for planned follow-on services like the CNN-based subscription offering it was weighing in December.

Third-order effects

  • If platform owners can price distribution access against unrelated business lines like cloud contracts, every content company renewing infrastructure or negotiating carriage with Amazon and Roku is effectively bargaining across markets — a bundling dynamic that invites regulatory attention as streaming gatekeeping consolidates.

The trend: Streaming distribution is becoming a barter economy in which device platforms monetize reach by extracting concessions across their adjacent businesses, from cloud services to channel storefronts.

Discussion

  • @matthewkeyslive Matthew Keys on x
    This is a terrific scoop by Jessica. My write-up on it tries to put it into context with some history of the negotiations & the deal (as well as a similar episode involving Roku)... https://thedesk.matthewkeys.net/ ... ...still, read her story and subscribe to @theinformation. It…
  • @whatsonhbomax @whatsonhbomax on x
    Amazing scoop by @jtoonkel on how @WarnerMedia won the Amazon deal to make HBO Max getting it's own app on Fire devices by extending the deal with Amazon's Web Services (AWS), A win for HBO Max and a huge loss for Amazon Prime store initiative. https://www.theinformation.com/ ...
  • @tzm_tmt Tavish ZM on x
    “The Amazon-WarnerMedia deal wasn't just about HBO Max and cloud services. It also included an agreement by Amazon to offer Warner movies and TV shows for rental and sale” $T https://www.theinformation.com/ ...
  • @benyt Ben Smith on x
    Remarkable little story on how these giant companies negotiate, and how much scale you need to have any leverage at all https://www.theinformation.com/ ...
  • @richlightshed Rich Greenfield on x
    Great scoop from @theinformation @jtoonkel on how @warnermedia was able to get @hbomax out of the prime channel store - a major blow to the prime channel initiative - but a win for AWS $T https://twitter.com/...
  • @jtoonkel Jessica Toonkel on x
    This is a sign of how distribution deals are encompassing other businesses. Another reason why scale is important. WarnerMedia Extended AWS Deal to Win Key HBO Max Concession https://thein.fo/... via @theinformation
  • @amir Amir Efrati on x
    “Keep buying my cloud. Then we'll talk.” https://thein.fo/... @jtoonkel
  • @readdanwrite Daniel Roberts on x
    WarnerMedia extended its contract with AWS to get HBO Max onto Amazon Fire TV, via @theinformation; now I want to know what Warner did to get on Roku https://www.theinformation.com/ ...