HBO intends to divert content from BAMTech

|By:, SA News Editor

Disney-backed (NYSE:DIS) streaming TV platform BAMTech may be losing HBO as a customer, according to the New York Post.

The premium pay-TV channel is looking to exit its contract sometime next year, which could be prompted by the fact that HBO is owned by Time Warner (NYSE:TWX), which is in the process of being acquired by telecom AT&T. Sources say it is has also been investing in developing its own in-house streaming capabilities.

Disney owns a third of BAMTech, but is widely expected to become a much bigger shareholder.