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The bean counters at AT&T screw the pooch, lose brilliant show runners of HBO to Netflix.

The idea when AT&T bought Time Warner was that HBO could compete as a streaming platform against tech upstart Netflix. Instead, after John Stankey declared HBO unprofitable, AT&T pushed out key management figures and decided to bleed HBO dry.

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Game of Thrones creators David Benioff and DB Weiss have signed a multi-year film and TV deal with Netflix worth about $200 million, according to The Hollywood Reporter. As part of the deal, Benioff and Weiss will no longer be producing shows for HBO, where they were showrunners and writers on Game of Thrones for its entirety, and will work on projects exclusively for Netflix, with the exception of the two’s existing commitment to an ongoing multi-film deal with Disney for the Star Wars franchise.

“We are thrilled to welcome master storytellers David Benioff and Dan Weiss to Netflix. They are a creative force and have delighted audiences worldwide with their epic storytelling. We can’t wait to see what their imaginations will bring to our members,” Ted Sarandos, Netflix’s chief content officer, told THR.

To read more on The Verge:

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