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Streaming platforms Discovery+ and HBO Max will merge

Warner Bros. Discovery will maintain all original programming from both streaming platforms

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Fox News senior correspondent Charlie Gasparino scoops Warner Brothers Discovery CEO David Zaslav reportedly planning a major restructuring on "The Claman Countdown." video

Warner Bros. Discovery reportedly headed towards major revamp

Fox News senior correspondent Charlie Gasparino scoops Warner Brothers Discovery CEO David Zaslav reportedly planning a major restructuring on "The Claman Countdown."

Confirming reporting by Fox Business, Warner Bros. Discovery announced that it would merge its two streaming platforms, Discovery+ and HBO Max, into one platform. 

The yet unnamed platform will launch in the summer of 2023 and will feature several tiered options, including ad-free, ad-light and an ad-only option.

‘BATGIRL’ MOVIE KILLED BY WARNER BROS. DESPITE COSTING NEARLY $100M

U.S. CEO David Zaslav made the announcement during the latest earnings call, where the company reported $9.8 billion in revenues against a loss of $3.4 billion.

Ticker Security Last Change Change %
WBD WARNER BROS. DISCOVERY INC. 8.40 +0.09 +1.08%

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Zaslav said the content from both platforms would remain intact, so original shows exclusive to both platforms would remain. The company also reported a total of 92.1 million streaming subscribers.