HBO President and Chief Revenue Officer Simon Sutton told the U.S. District Court in Washington about his company's content showdowns with Charter Communications Inc. (CHTR - Get Report) and Alphabet Inc.'s (GOOGL - Get Report) upstart YouTube TV Wednesday.
Sutton acknowledged that Time Warner has tried to use HBO as leverage to persuade pay-TV companies to take Turner networks, with mixed results.
Take Google's YouTube TV, which launched last year. HBO and Turner were in negotiations with Google's linear TV networks. HBO eased off talks, however, to put pressure on YouTube TV to take Turner as well.
Time Warner Chairman and CEO Jeff Bewkes outlined the strategy in a 2015 email to HBO boss Richard Plepler, saying the company would coordinate negotiations between Turner and HBO.
Editor's note: The full version of this article was published by The Deal, a sister publication of TheStreet that offers sophisticated insight and analysis on all types of deals, from inception to integration. Click here for a free trial.
More from The Deal:
Join Jim Cramer and a stellar lineup of speakers at The Deal's Corporate Governance conference on June 7, 2018 in NYC. DOJ Antitrust Asst. Attorney General Makan Delrahim, activists Paul Singer and Nelson Peltz and Macy's CEO and Chairman Jeff Gennette will be on hand to discuss strategies for managing companies to maximize shareholder value. Register today. Deal clients have special pricing; for more details contact your account manager.