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Paramount Skydance plans to combine Paramount and HBO Max into a single streaming service following the completion of its merger with Warner Bros. Discovery. CEO David Ellison confirmed the plan on an investor call Monday, saying the combined platform would serve over 200 million subscribers and position the company to compete with the biggest players in the streaming space.
"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," Ellison said. It's not yet clear whether the app's two libraries will be fully integrated, or whether one will exist as a standalone service within the other. Ellison signaled that the HBO brand will "operate with independence" during the call.
Also unclear is what the newly combined app would cost subscribers. The last year has seen nearly across-the-board increases in the cost of streaming services, including HBO Max.
The planned merger would unite Paramount's CBS, MTV, Comedy Central and BET with Warner's CNN, HBO, TNT and Food Network, along with franchises including Game of Thrones, Mission: Impossible, the DC Universe and SpongeBob SquarePants under one roof. The comb
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Meanwhile, Paramount CEO David Ellison: 'This is not about consolidation, it's about reinventing the business.'
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