Thursday, July 18, 2024

HBO Max and Discovery+ Will Merge to Create New Streaming Service

Warner Bros. Discovery chief David Zaslav has said HBO Max and Discovery+ will merge to form a new, larger streaming service.

WarnerMedia and Discovery joined forces in May 2021 in an effort to take on larger streaming rivals. The combined company is taking it a step further, according to NBC News, with plans to merge HBO Max and Discovery+ to form an even larger streaming platform.

According to the company’s earnings report, the two streaming platforms collectively have some 92 million subscribers. Executives did not offer a name for the new service, but said it would launch in the US in the summer of 2023.

The company’s goal is to have 130 million subscribers by 2025 and may introduce a free, ad-supported tier in an effort to reach that target.

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