Warner Bros. Discovery has officially combined HBO Max and Discovery+ streaming services into one show. The news was broken during the company’s quarterly earnings call on Thursday, revealing that their top priority is to launch an “integrated SVOD service,” allowing subscribers to access content catalogs. The company confirmed that the plan is to launch the shared service in the summer of 2023, followed by releases in Latin America, Europe and other markets in late 2023 through 2024.
David Zaslav, CEO of Warner Bros. Discovery, during the call: “In terms of broadcasting, our main priority at the moment is to launch an integrated SVOD service.” “And in a few moments, JB will be talking more about strategy and some of the building blocks and major milestones as we bring HBO Max and Discovery+ together on one show. Our streaming strategy has evolved over the past year and really reflects the importance of rather than relying on this part of our global monetization plan. of content”.
“Once our SVOD service is established in the marketplace, we see real potential and are exploring the opportunity to offer fast or free ad-supported streaming that will give consumers who don’t want to pay a subscription fee access to great library content, while at the same time serving as an entry point into Our outstanding service.
This comes after days of rumors surrounding the future of HBO Max, which began with the company’s recent cancellation of both. bat girl And the Scoop!: Holiday HuntTwo films are already completed and were planned to be exclusives to the service. The intent behind these cancellations has since been debated, with some reports suggesting it was due to an increased focus on first theatrical film releases, and others suggesting it was in order to obtain potential tax cuts for both films. Subsequent decisions made by the company, including the cancellation of the already completed third season Little Elaineand the removal of six exclusives already released from HBO Max, reportedly for tax reasons.
The company was looking to cut $3 billion from the company’s budget, and that wouldn’t necessarily be unprecedented. The studio has already cut scripting on cable networks TNT and TBS, even going so far as to cancel shows hours before the season premiere. It was also announced earlier this week that the studio plans to no longer focus on HBO Max on “live kids and family programming.”
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