Warner Bros. Discovery (WBD) recently announced plans to combine HBO Max and Discovery+ into a single streaming service that will debut in the summer of 2023. profit callWBD President and CEO David Zaslav said the combined service will arrive in the US earlier than expected in the spring of 2023.
The streaming services combined now have 94.9 million subscribers, with the vast majority of those coming from HBO and HBO Max, according to bright wireless. That includes 2.8 million new subscribers, most of which (2.3 million) are from overseas markets.
Along with the combined streaming service, WBD plans to launch its own free ad-support streaming TV service (FAST) in 2023. “As the company with the largest TV and movie library in the industry…that allows us to distribute our content in multiple ways,” Zaslav said. The company also said it is investing in content at historic levels, citing the hiring of James Gunn and Peter Safran as co-chairs and CEOs of DC studios.
It is not yet clear what the combined streaming service will look like and what it will be called. However, WBD recently started porting Discovery+ content to HBO Max like Fixer Upper: the castle, and it has become a top five show in just a few days, Zaslav said.
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