Streaming services Paramount+ and HBO Max are set to merge into a unified platform following the winning bid for Warner Bros Discovery, said Paramount Skydance CEO David Ellison, according to DPA, cited by Agerpres.
The integration of the two services is expected to take place over the next few years, combining their streaming libraries into one platform.
Together, Paramount+ and HBO Max currently have more than 200 million direct-to-consumer subscribers across over 100 countries, although some overlap in subscriptions may reduce the final number once the integration is completed.
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At the end of the last quarter, Paramount+ reported 78.9 million subscribers, while Warner Bros Discovery had 131.6 million. By comparison, Netflix recently surpassed 325 million subscribers worldwide.
A combined catalog of major franchises
The unified platform would bring together several major entertainment franchises, including:
• Game of Thrones
• The Sopranos
• Yellowstone
• Star Trek
Ellison has not yet announced the name of the future platform, which would represent another rebranding step following previous names such as Max and HBO Now.
As part of the transaction, Paramount is also expected to acquire the US television network CNN, although Ellison said there are currently no plans to divest cable assets.
The merger follows an earlier attempt by Netflix to acquire Warner Bros Discovery, which the streaming giant ultimately abandoned after deciding the financial terms were no longer attractive.
Photo: Mashable
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