Two streaming giants will combine following Paramount’s victory in the bidding war for Warner Bros. Discovery.
Paramount CEO David Ellison revealed in the first investor call since winning over Warner Bros. Discovery with a $111 billion deal that Paramount+ and HBO Max will combine to form a single streaming service following the merger, Deadline reported Monday.
“We will combine the streaming portfolios of the two companies into one stronger platform over the coming years,” Ellison said during a conference call Monday, adding of Paramount+ and HBO Max, “There are more than 200 million DTC [direct-to-consumer] subscribers today, and more than 100 countries and territories worldwide, positioning us to compete effectively with the leading streaming services in today’s marketplace.”
(Credit: Paramount+)
Ellison said the merger would give his company the scale it needed to compete with Netflix, citing Netflix’s January 2025 report that counted its global subscribers at 325 million.
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