The merger of HBO Max and Discovery+ will debut in the U.S. streaming market next summer, the newly formed entertainment behemoth announced.
During its second quarter earnings call Warner Bros. Discovery made the announcement without being specific on how the new platform would be different from HBO Max or even setting pricing for the new service.
Warner Bros. Discovery is expecting to have 130 million global subscriptions with its streaming offering by 2025. The new service will debut in the U.S before being released overseas.
“At the end of the day, putting all the content together was the only way we saw to make this a viable business,” JB Perrette, CEO and president of global streaming and games for Warner Bros. Discovery, said during the company’s Q2 earnings call.
How Warner Bros and Discovery are bringing together its two streaming services is still discussed since the merger of both companies was announced last spring.
According to the company, during the second quarter of 2022, HBO, HBO Max and Discovery+ added 1.7 million more subscribers from the prior quarter, to reach a total of 92.1 million.
Warner Bros. Discovery ‘s second quarter results reported $9.8 billion in revenue and a substantial loss of $3.42 billion.
