{"id":25146,"date":"2022-08-22T14:43:18","date_gmt":"2022-08-22T14:43:18","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/hbo-max-and-discovery-plus-to-merge-into-single-streaming-service"},"modified":"2022-08-22T15:00:47","modified_gmt":"2022-08-22T15:00:47","slug":"hbo-max-and-discovery-plus-to-merge-into-single-streaming-service","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/hbo-max-and-discovery-plus-to-merge-into-single-streaming-service","title":{"rendered":"HBO Max and Discovery Plus to merge into single streaming service"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Warner Bros. Discovery will merge its HBO Max and Discovery Plus services into a single streaming platform, as part of a plan to hit 130 million paying subscribers by 2025 in the highly competitive market.<\/p>\n

The streaming merger, announced Thursday by the recently formed media conglomerate\u2019s chief executive, David Zaslav, during a quarterly earnings call, means Warner Bros.<\/p>\n

properties such as the Harry Potter series and the sitcom \u201cFriends\u201d would be available alongside Discovery shows like \u201cDeadliest Catch\u201d and \u201cWorst Cooks in America.<\/p>\n

\u201d Warner Bros.<\/p>\n

Discovery will also develop a 10-year plan for its DC Comics franchises that include Superman and Wonder Woman, similar to what Disney did with the Marvel Cinematic Universe, Zaslav said.<\/p>\n

The HBO Max and Discovery Plus merger aims to cut subscriber losses with a broad offering that has \u201csomething for everyone in the household,\u201d said Jean-Briac Perrette, Warner Bros.<\/p>\n

Discovery\u2019s global streaming chief. The company also proposed the idea of a free streaming service that would be supported by advertisements. The firm plans to launch the merged streaming service in the United States next summer, then in Latin America later that year.<\/p>\n

Europe and the Asia Pacific will follow in 2024. Warner Bros. Discovery\u2019s 2025 target of 130 million paying subscribers would be an increase of more than 40 percent from the combined 92 million subscribers it has on HBO Max and Discovery Plus.<\/p>\n

Netflix said last month it has 220 million paying subscribers worldwide. Disney Plus said in May that it has around 138 million subscribers globally. Warner Bros.<\/p>\n

Discovery will aim to make the new streaming service profitable in the United States in 2024 and for its global streaming segment to generate $1 billion in revenue by 2025, Perrette said. No name or pricing system for the new service was announced. Warner Bros.<\/p>\n

Discovery was formed in April, when AT&T\u2019s WarnerMedia unit and Discovery completed their merger, and started with some $55 billion in debt.<\/p>\n

As Zaslav\u2019s team looks to compete with the likes of Netflix and Disney and move to profitability, it has also scrapped some inherited projects \u2014 like when it pulled the plug on CNN Plus in April, less than a month after the service was launched.<\/p>\n

During the earnings call Thursday, Zaslav also reaffirmed that Warner Bros. Discovery would make \u201ca strategic shift\u201d away from releasing films directly to streaming, saying that the approach made less long-term financial sense than releasing films to theaters.<\/p>\n

\u201cThis idea of expensive films going direct to streaming, we cannot find an economic case for it,\u201d he said.<\/p>\n

Those remarks came after one investor asked why the company had canceled the release of \u201cBatgirl.
\n\u201d The $90 million film \u2014 with Leslie Grace in the title role and featuring Michael Keaton as Batman more than 30 years after he first donned the cowl \u2014 was canned alongside \u201cWonder Twins\u201d and \u201cScoob!: Holiday Haunt\u201d because of Warner Bros.<\/p>\n

Discovery\u2019s new strategy. The cancellations could also allow for a potential tax write-off, according to aVariety reptor, and come amid complaints from HBO Max users that certain shows have been abruptly removed from the service.<\/p>\n

\u201cOur focus will be on theatrical,\u201d Zaslav said.<\/p>\n

\u201cAnd when we bring the theatrical films to HBO Max, we find they have substantially more value.\u201d<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Warner Bros. Discovery will merge its HBO Max and Discovery Plus services into a single streaming platform, as part of a plan to hit 130 million paying subscribers by 2025 in the highly competitive market. The streaming merger, announced Thursday by the recently formed media conglomerate\u2019s chief executive, David Zaslav, during a […]<\/p>\n","protected":false},"author":84,"featured_media":25145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9,16],"tags":[233,281,283],"class_list":["post-25146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nHBO Max and Discovery Plus to merge into single streaming service - Mozambique<\/title>\n<meta name=\"description\" content=\"Warner Bros. 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