Warner Bros Discovery had its Q2 earning call and CEO David Zaslav confirmed plans for HBO Max and Discovery+ to be merged into a single service by the summer of 2023.
The decision comes from the performance issues experienced by HBO Max seeing regular crashes during big show releases. Zaslav confirms that Discovery+ will be the core of the latest streaming platform thanks to the superior tech stack and that the whole HBO Max programs will be carried over. According to the Warner Bros Discovery report, it had a net loss of USD 3.4 billion during the second quarter and Zaslav confirms budget cuts on new projects. On the other hand, Warner gained a combined 1.7 million HBO Max and Discovery+ subscribers over the last quarter and reportedly has 92.1 million subscribers globally nearing its target of 130 million subscribers by 2025.
Source: Yugatech
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