![]() ![]() A focus on the bottom line over bells and whistles will reportedly be reflected in Max’s unveiling, which will include marketing plans, technological upgrades and some series and movie announcements, a far cry from the star-studded launch of other streaming services like Apple TV+ in 2019. Television Group workers, and its share price has fallen 42% in the last year despite recovering from a low point in December. Discovery also executed some major layoffs in 2022, including cutting 14% of HBO Max staff and 26% of Warner Bros. The year since the Discovery-Warner merger has been a rocky one for television streaming, with Netflix reporting last summer it had lost almost a million subscribers, though it reversed those declines in the second half of 2022. Many of the company’s top competitors like Disney, NBCUniversal and Paramount Global have invested heavily in streaming services in recent years as viewers migrate away from traditional TV. There’s a lot riding on the mega-streaming service, which was a major selling point in a $43 billion merger of Discovery and HBO Max’s parent company WarnerMedia (previously owned by AT&T), which formed conglomerate Warner Bros. Discovery hopes to reach 130 million subscribers across HBO Max and Discovery+ by 2025-it’s currently at about 96.1 million globally. Discovery Q2 earnings call CFO Gunnar Wiedenfels basically declared it has intent to cut down on kids and animation content "without an adequate investment case against them." In other words, animated content that won't be huge will not be developed.One major area of change will be adding more kids-oriented content, including Warner Bros.’ Looney Tunes and Sesame Street, and product features to cater toward children. Plus, new movies are no longer guaranteed to come out on HBO Max 45 days after their theatrical release. ![]() The Batgirl and Scoob! sequels were canned, and six Max Original films have disappeared as well. Things aren't starting off well for creatives. ![]() Those paying closer attention will be wondering how shows and movies could suffer in David Zaslav's era. Having one means there’s a chance things won’t go so well once it’s revealed, but these singles are ready to risk it all for true. There's something for everyone With discovery+ you get: Your favorite shows and personalities from the most beloved TV brands including HGTV, Food Network, TLC, ID, Magnolia Network, Animal Planet, Discovery Channel and more Must-see 90 Day Fianc moments, with 200+ hours of. Secret Crush (2022) They call it a crush for a reason. Some people exist in the Venn diagram that shows interest in HBO Max and Discovery Plus, but that's just a small fraction of the folks, as explained above. discovery+ is the streaming home of Food, Home, Relationships, True Crime, Paranormal and so much more. The biggest concern customers probably have is being forced to pay more for content they don't care about. Outlook: HBO Max and Discovery Plus merger concerns This was reiterated on the WBD Q2 earnings call, as CEO and president David Zaslav stated that one of their three strategic priorities is to operate as one combined company and to be the premiere entertainment company globally. Discovery CEO) Gunnar Wiedenfels at the Deutsche Bank 30th Annual Media, Internet & Telecom Conference, where he said “One of the most important items here is that we believe in a combined product as opposed to a bundle… We believe that the breadth and depth of this content offering is going to be a phenomenal consumer value proposition." This news first broke when a comment was made by Discovery CFO (now Warner Bros. Discovery see their future as best met with one single streaming service. Why the HBO Max and Discovery Plus merger is happening Latin America will get the new service in the subsequent fall, European markets will get it in early 2024, Asian-Pacific markets in the middle of next year, and then new markets will be served that fall. HBO Max and Discovery Plus merger dateĪ CNBC report, though, said the launch has been pushed up to Spring 2023.Īnd that's been confirmed: Max is coming May 23rd. Oh, and there will be another tier that has sports content. There will also be a free third tier, which was referred to with an acronym many have never heard of before: FAST, which stands for "Free Ad-Supported Streaming Television." That tier, which is seemingly coming later, is meant to get people in the door and interested in the product. Not only will the HBO Max and Discovery Plus service have a premium ad-free entry level, but it will also have an ad-supported plan (which WBD's Q2 Earnings presentation referred to as "ad-lite" as well.
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