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By Hemaja Burud techbugfix.com
image source: UNSPLASH
HBO Max and Discovery+ will launch as an unified service in the United States in the summer of 2023, according to Warner Bros. Discovery, which will be revealed next year.
image source: UNSPLASH
JB Perrette, CEO and head of worldwide streaming and gaming for Warner Bros. Discovery, stated this on the company's Q2 earnings call.
image source: UNSPLASH
"At the end of the day," Perrette told investors, "bringing all the material together was the only option we saw to make this a sustainable business."
image source: UNSPLASH
The combination of HBO Max and Discovery+ is intended to reduce churn by providing "something for everyone in the home," he explained.
image source: UNSPLASH
WBD did not reveal the new brand name for the combined service, nor did executives disclose pricing for the consolidated streamer.
image source: UNSPLASH
Initially, Warner Bros. Discovery will concentrate on the ad-supported and ad-free versions of the combined HBO Max-Discovery+,
image source: UNSPLASH
Perrette, the company is also "exploring ways to reach clients in the free, ad-supported arena" with material that is completely distinct from what is available on premium platforms.
HBO may or may not be included in the name of the unified direct-to-consumer WBD platform; Perrette stated that the business is doing consumer research on the HBO Max moniker.
image source: UNSPLASH
HBO, on the other hand, will remain a prominent brand: "HBO will always be the lighthouse and the ultimate brand that speaks for television quality," he added on the call.
image source: UNSPLASH
HBO Max has "performance and customer difficulties" but offers a comprehensive collection of capabilities; Discovery+ has less features but a more strong core delivery infrastructure.
WBD intends to have 130 million global streaming customers by 2025 and to produce $1 billion in earnings before interest, taxes, depreciation, and amortisation from its direct-to-consumer operations