AT&T started 2020 in predictable style, with any buzz around the forthcoming HBO Max streaming service quickly blighted by the loss of over 1 million video subscribers for the third consecutive quarter – leaving the operator with over 5.1 million fewer video subscribers compared to this time last year. Cancellations of 897,000 premium TV subscribers, combined with 138,000 exits from the OTT video business during the first quarter, puts AT&T in a relatively decent position. Yes, you read that correctly. No, Faultline has not lost the plot. AT&T is in an infinitely stronger spot than it should be at this point in time – with US lockdowns saving the operator’s bacon on numerous fronts. There is an element of schadenfreude…