Entertainment

HBO Max & Discovery + Set to merge into one streaming service after WarnerMedia & Discovery merger

#Roommate, if your streaming service accounts are piling up and you’re thinking of getting some of them active — HBO Max and Discovery+ just make things a little easier. It was recently confirmed as part of a previously announced merger between WarnerMedia and Discovery, that both HBO Max and Discovery+ will officially combine into one major streaming service.

@Variety reports, later game changing fusion With Discovery nearing completion soon, AT&T’s WarnerMedia has officially confirmed its plans to combine WarnerMedia’s existing streaming service Discovery+ and HBO Max into one service — rather than two separate media platforms. Discovery’s chief financial officer Gunnar Wiedenfels has stated that before the two services are combined, they will first be integrated into a package form because the financial returns of the new merger decide how best ( and most efficient) to merge the two platforms to ensure success.

Breaking down a bit, HBO Max currently costs $9.99 for a monthly subscription with ads and $14.99 without ads, resulting in HBO and HBO Max for a total of 73 global subscriptions, 8 million. Meanwhile, Discovery+ is $4.99 per month with ads and $6.99 without ads and has 22 million subscribers worldwide. Speaking of the streaming shift and his expectations for the results, Wiedenfels said, “The combination couldn’t be more meaningful than what we’re doing here. We have HBO Max, with a more premium male-biased positioning, and then you have a female-oriented positioning on the Discover side. You get the daily engagement that people enjoy with Discover content versus the event-driven nature of HBO Max content. Putting that together, I have no doubt that we will create one of the most complete, four-quadrant, old-young-male-female products on the market. ”

Wiedenfel also confirmed that the $43 billion Discovery/WarnerMedia deal will officially close in Q2 (scheduled for April 11-28) following recent approval earlier this month. from Discovery shareholders. He also claims that once the HBO Max and Discovery+ pairing is complete, users can anticipate “some very good marketing synergy right out of the gate.”

Want to drink tea directly in your inbox? Contact us at 917-722-8057 or Click here to join!


Source link

news7h

News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button
Immediate Peak