The ever-expanding streaming wars will contract slightly whenwill be successful. It was revealed on Monday that the two companies plan to combine their respective streaming services – HBO Max and Discovery Plus – when the companies merge.
The news, revealed by Variety, was revealed by Discovery CFO Gunnar Wiedenfels at Deutsche Bank’s 30th Annual Media, Internet and Telecommunications Conference. Wiedenfels will become the CFO of the combined company, which will be called Warner Bros. Discovery.
It’s unclear, however, how the new company might call the combined service or how much it might charge. WarnerMedia’s HBO Maxfor an ad-supported version or $ 15 per month for an ad-free option. Discovery Plus by Discovery starts at $ 5 per month with ads or $ 7 per month for ad-free streaming.
HBO Max is the larger of the two services, with current parent company AT&T disclosing in January that the service (plus TV channel HBO) ended 2021 with 73.8 million subscribers. Discovery ended the year with 22 million subscribers.
Variety notes that while Wiedenfels did not disclose pricing for the combined service, it said the company planned to have ad-supported and ad-free versions. The executive also said the company will initially offer a package of the two services while deciding how best to merge the platforms.with Disney Plus, Hulu and ESPN Plus.
AT&T and Discovery have previously claimed to.