AT&T, parent company of WarnerMedia, may be giving the people what they want: a huge library of movies and TV shows at a reasonable monthly rate.

Sources tell the Wall Street Journal that the upcoming WarnerMedia streaming service is likely to be priced at $16 to $17 per month. The rate is said to include not just Warner Bros. TV content but also HBO and Cinemax. Pricing and content decisions are not yet fixed, though, per WSJ's sources, and WarnerMedia has not commented on the new report.

If the service does ultimately cost $16 to $17 per month and include HBO and Cinemax, that would be a deal. A subscription to HBO Now currently costs $14.99 per month. Meanwhile, Cinemax is priced at $5.99 monthly as a Hulu add-on and $9.99 per month on Amazon Prime.

The reported plan for the new service to offer just one price tier at launch marks a change. WarnerMedia CEO John Stankey previously said the new service would offer three price tiers. Later, however, there could be a cheaper, ad-supported option added, WSJ reports.

The service is slated to launch in 2020, so its beta form will reportedly be introduced this year. The official launch could come as early as March, with the ad-supported version then following later in 2020. Both will follow the launch of another much-anticipated streamer, Disney+, which arrives this November.

In preparation for its launch, WarnerMedia is developing new shows that will premiere on the streamer. An Elizabeth Banks-directed adaptation of the podcast "Over My Dead Body" and a "Gremlins" series are among the projects in the works. In theory (and our TV-loving dreams), the streamer could also boast existing hit series like "Game of Thrones" and "Friends," not to mention a host of films.

More announcements will surely come as we get closer to the streamer's launch, and we'll be eagerly awaiting them.

[via: WSJ]