HBO Max and Paramount Plus will merge into a single streamer under Skydance
HBO Max and Paramount Plus will become one streaming service under Paramount's $110 billion acquisition of Warner Bros. Discovery. In a press release announcing the completion of the deal, Skydance - the name of the combined companies - says both streamers will "unify into a single service over time." Skydance CEO David Ellison hinted at […]
Paramount has completed its acquisition of Warner Bros. Discovery for $110 billion, creating a new company called Skydance. The deal brings together two of Hollywood's biggest entertainment companies, combining major film and television franchises such as Harry Potter, Game of Thrones, and Mission: Impossible. Skydance CEO David Ellison has stated that the company's streaming services, Paramount+ and HBO Max, will unify into a single service over time.
The new company, Skydance Corporation, will be led by Ellison and co-CEO Ynon Kreiz, formerly of Mattel. Kreiz will oversee day-to-day operations, while Ellison will focus on strategy and technology. The merger also brings together dozens of TV networks, including CBS, TNT, and CNN, as well as Warner Bros' extensive film and television catalogue.
According to The Verge, Ellison previously hinted that merging Paramount+ and HBO Max could result in a combined total of over 200 million direct-to-consumer subscribers. However, details about the timing of the streaming services' merger and the name of the merged service have not been announced.
Brief written by urgent.news from The Verge, The National Business, Nairametrics, DW English (Top Stories), DW News — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
