Entertainment NewsHBO Max, Discovery+ To Merge Into One Streaming Service

HBO Max, Discovery+ To Merge Into One Streaming Service


HBO Max and Discovery+ Will Merge Into One Streaming Service.

Discovery Communications CEO David Zaslav said on a Thursday earnings call that the firm is considering offering a free, ad-supported variant of the combined streaming platform.

Join Project Casting to access jobs you can apply for right now!

On Thursday’s second-quarter earnings conference call, HBO Max and Discovery+ will be combined into a single streaming service. David Zaslav, the president of Discovery Communications, said as much on a second-quarter earnings call Thursday morning.

The media business did not disclose the name of the new platform, which it said would begin in the United States in the summer of 2023, with additional regions to follow in 2024.

According to the quarterly earnings report, HBO Max and Discovery+ currently have 92 million subscribers. By 2025, Warner Bros. plans to attract 130 million global customers.

According to Zaslav, the firm is considering providing a free, ad-supported version of the combined streaming platform. HBO Max’s ad-supported level presently costs $10 per month.

Zaslav is attempting to reduce expenses and identify $3 billion in savings, as he promised investors after WarnerMedia and Discovery Inc. were formally combined in April, creating one of the largest media companies in the United States.

Following the cancellation of “Batgirl” and “Scoob! Holiday Haunt,” two days following news that Warner Bros. decided to scrap the projects, They announced HBO Max’s shift in strategy.

According to Variety, the two “Scooby-Doo!” movies will not be streamed on any platform or released in theaters. Presumably, Warner Bros. can take a write-down on both projects and try to recoup production expenses.

“The decision to not release Batgirl reflects our leadership’s strategic shift as it relates to the DC universe and HBO Max,” a Warner Bros. Pictures spokesperson said in a statement, adding that “Batgirl” star Leslie Grace is “an incredibly talented actor and this decision is not a reflection of her performance.”

The decision shocked Hollywood, where significant studios rarely shelve movies entirely.

Most films that do not meet a studio’s creative or financial expectations are sold to a streaming service or quietly released in theaters without promotion.

More Project Casting Entertainment News: 

UK Social Media Influencers Will Soon Have to Disclose Edited Pictures

Social Media Influencers From The United Kingdom Will Soon Be Required To Disclose When A Picture Has Been Edited. It will be prohibited to fail to identify alt…

California Gov. Presses Hollywood to Stop Filming in Conservative States

California Governor Gavin Newsom is backing legislation extending the state’s film and television tax program for five years through 2030. The decision on Wedne…

HBO Max Recent Cancellations Could Mean Bad News for The Film Industry

Why are HBO Max Originals getting canceled? When David Zaslav unveiled his $43 billion plan to combine Discovery with WarnerMedia, he said he would deliver $3 b…


Megan Diane
Megan Dianehttps://www.projectcasting.com
Hi, I'm Megan Browne, the Head of Partnerships at Project Casting - a job board for the entertainment industry. As Head of Partnerships, I help businesses find the best talent for their influencer campaigns, photo shoots, and film productions. Creating these partnerships has enabled me to help businesses scale and reach their true potential. I'm excited to continue driving growth by connecting people with projects they're passionate about.

Share post:



More like this

Kirsten Dunst Sheds Light on ‘Civil War’ Ending

Key Takeaways: - Hollywood's latest film, 'Civil War', showcases the...

Jackie Chan and Ralph Macchio Reunite in New Karate Kid Movie

Key Takeaways: - Jackie Chan and Ralph Macchio are coming...

Disney ’ X-Men ’97 Seasons 2 and 3: Everything We Know So Far

Key Takeaways: - Disney Plus’ X-Men ’97 will continue for...

Kevin Costner Defends Casting Son in ‘Horizon: An American Saga’ without Audition

Title: Kevin Costner Defends Casting Son in 'Horizon: An...