Warner Bros. announced. Discovery announced this week that HBO Max and Discovery+ will merge and relaunch as a single video streaming service.
The yet-to-be-named platform is set to launch in the US next summer, to me diverse(Opens in a new window)followed by Latin America in fall 2023, Europe in early 2024, Asia Pacific in mid-2024, and other markets by the end of the year.
Last year’s merger between WarnerMedia and Discovery – now known as Warner Bros. Discovery (WBD) – Discovery+ and HBO Max combined have left 92 million subscribers wondering what’s next; Rumor has it that the two platforms will combine to take on major competitors like Disney+, Netflix, and Amazon Prime Video.
CEO David Zaslav confirmed the news on the company’s earnings call on Thursday, Tipping plans(Opens in a new window) To get a potentially free, ad-supported version of the unified platform. HBO Max and Discovery+ customers currently pay $14.99 per month and $6.99 per month for ad-free streaming or $9.99 per month and $4.99 per month for ad-supported viewing, respectively.
JB Perrette, CEO and president of global broadcasting and gaming at Warner Bros. Discovery, Q2: “At the end of the day, putting all the content together was the only way we saw to make this a viable business,” the earnings call.
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Zaslav, whose post-pandemic approach to filmmaking appears to focus on theatrical releases over the streaming originals, this week discontinued a DC Comics movie bat girl And the Scoop! sequel Holiday Hunt– Both were produced exclusively for HBO Max.
Neither WarnerMedia nor Discovery immediately responded to PCMag’s request for comment.
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