Warner Bros. Discovery has confirmed it will merge its HBO Max and Discovery+ services into one streaming platform next year.
During a quarterly earnings call on Thursday, CEO David Zaslav said the combined services will be launched next summer, with a release planned for Latin America, Europe and other markets through 2024 as the company hopes to reach 130 million subscribers by 2025.  
The new Subscription Video on Demand (SVOD) service will include the full libraries of both streaming platforms and have ad free, ad-lite and a free-with-ads versions.
'With respect to streaming, our main priority right now is launching an integrated SVOD service,' Zaslav said during the call. 
'Once our SVOD service is firmly established in the market, we see real potential and are exploring the opportunity for a fast or free ad-supported streaming offering that would give consumers who do not want to pay a subscription fee access to great library content, while at the same time serving as an entry point to our premium service.' 
But as he touted the new services, which does not have a name yet, Zaslav remained quiet about the company's plan to find $3 billion savings that will result in layoffs. 





HBO Max, which has 73.8 million subscribers, will see it's library merge with Discovery+





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The Batgirl film has been 'canned' by Warner Bros. after spending more than $90m on the movie because studio executives want to move away from made-for-streaming projects

Under previous chief executive Jason Kilar and partly as a pandemic response, [url=http://the-hdrezka.com]HDrezka the studio implemented day-and-date releases in 2021, opening films simultaneously in theaters and on HBO Max. 
Films, like 'Batgirl,' were to be produced solely for HBO Max.
Warner Bros. had committed to making movies that could go straight to HBO Max, as part of an effort to boost subscribers in the increasingly crowded streaming sector.
The decision, which was driven partially by a need to bypass Covid-hit theaters in 2021, was not popular among creatives and appears to have been rolled back after the tie-up with Discovery.





In that same period, Netflix saw huge losses as the stock fell by 36 percent. Over the last six months, the stock is down more than 42 percent





Within that same time, Netflix saw its stock plummet by about 36 percent, with Paramount's stock also seeing a drop of about 30 percent.  






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[url=]Speculation Is on Fire Around HBO Max's Future, Planned Layoffs in Major Streaming Shake-Up[/url]