By the end of 2026, HBO Max and Paramount+ will become one streaming service, according to Paramount CEO David Ellison.
“We will combine the streaming portfolios of the two companies into one stronger platform over the coming years,” Ellison announced in an investor call Monday.
“…Our viewpoint is that HBO should stay HBO. They’ve built a phenomenal brand, they’re a leader in the space, and we just want them to continue doing more of it. But by bringing the platforms together all of our content will be able to reach even a broader audience than we can do standalone.”
During the call, Ellison also discussed Paramount’s recent $111 billion deal to purchase Warner Bros. Discovery.
The deal has been “unanimously approved” by both company boards but still requires approval from U.S. and European regulators, according to Ellison.
“At Paramount, by the middle of this year we’ll have completed the consolidation of our three services under one unified stack, and you can see us taking a similar approach to this platform going forward,” he said.
“And we think the combined offering and given the amount of content and what we can do from the tech side, really will put us in a position to be able to compete with the most scaled players in DTC.”
Currently, HBO Max offers three subscription plans starting with the Basic with Ads plan at $10.99 per month, or $109.99 per year.
Paramount+ has two tiers: one with ads ($8.99 per month, or $89.99 per year) and one without ads ($13.99 per month, or $139.99 per year).
Ellison did not share details on how much the new combined platform will cost users.
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