...But in a more tangible sense, it was also an insult to the many more who own stock in HBO's parent company, AT&T T, -0.08% If you have money in a regular U.S. index fund, that includes you.
AT&T's management has just needlessly thrown away a prize asset for no good reason whatsoever. Imagine the Empire State Realty Trust ESRT, -0.10% knocking down the Empire State Building "before people get tired of it." Or Tiffany TIF, -2.57% canceling its line of engagement rings to "move on."
...
The only question that remains now is whether some enterprising limo-chasing lawyer is going to file a class-action suit against the company on behalf of the stockholders.
Don't rule it out.
[AT&T CEO and Chairman] Stephenson specifically cited the value of "Game Of Thrones" when he announced his company's massive $85 billion takeover of HBO's parent company, Time Warner, in 2016.
The takeover deal would be a "game-changer" for AT&T because of Time Warner's "marquee businesses, including HBO," and "blockbuster shows like 'Game of Thrones,' " he wrote to all of AT&T's employees at the time.
Instead, after completing the takeover last year, he ran the "blockbuster series" for just six more episodes...
https://www.marketwatch.com/story/g...d-have-a-good-case-to-sue-in-court-2019-05-20
The real game of thrones.