HBO Max and Paramount Plus will merge into a single streaming service under the new company Skydance. This consolidation is part of Paramount's $110 billion acquisition of Warner Bros. Discovery. In a press release marking the deal's completion, Skydance stated that the two platforms will "unify into a single service over time."
Skydance CEO David Ellison previously discussed the potential benefits of this merger with investors in March. He estimated that combining the libraries of Paramount Plus and HBO Max would result in a little over 200 million direct-to-consumer subscribers for the combined entity.
No specific timeline for the integration has been provided, and the name of the new unified streamer remains undecided. HBO CEO David Zaslav was mentioned in the context of the transition, though further details on his role in the naming process were not included in the announcement.