HBO Max and Paramount+ To Merge Into One Streaming Service

Paramount Skydance plans to combine HBO Max and Paramount+ into a single streaming platform following its acquisition of Warner Bros. Discovery. “As we said, we do plan to put the two services together, which today gives us a little over 200 million direct-to-consumer subscribers,” said David Ellison, the company’s CEO. “We think that really positions us to compete with the leaders in the space.” The deal still needs regulatory approval.He added that Paramount didn’t want to make changes to the HBO brand. “Our viewpoint is HBO should stay HBO,” Ellison said, noting that his favorite HBO product is “Game of Thrones.” If Justice Department regulators allow the deal to go through, it would place recent HBO Max hits, such as “The Pitt” and “A Knight of the Seven Kingdoms,” alongside Paramount offerings including “South Park” and “Yellowstone.” “They built a phenomenal brand,” he said. “They are a leader in the space, and we just want them to continue doing more of it.”

The deal to buy Warner Bros., valued at about $110 billion, will almost surely attract regulatory scrutiny from the Justice Department because — without divestments — it places major swaths of the film, television and news industries under one roof: Warner Bros. and Paramount studios, HBO Max and Paramount+, and CBS and CNN would all have the same parent company. Ellison expressed confidence on the call that the deal wouldn’t face hurdles with regulators.