HBO Max and Paramount+ are combining into one streaming service [Yahoo! Finance]
Netflix, Inc. (NFLX)
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Source: Yahoo! Finance
Two side-by-side logos for Paramount+ and HBO Max. - Kenneth Cheung/Thomas Fuller/NurPhoto via Getty Images/Mashable composite HBO Max and Paramount+ are combining into one streaming service , but details about how exactly it'll work are still a little thin. Paramount CEO David Ellison spoke about his plans for the platforms during an investor call on Monday, with the announcement that his company has fended off Netflix in its bid to purchase Warner Bros. Discovery "We will combine the streaming portfolios of the two companies into one stronger platform over the coming years," Ellison said. "Across the two platforms, there are over 200 million DTC [direct to consumer] subscribers today and more than 100 countries and territories worldwide, positioning us to compete effectively with the leading streaming services in today's marketplace." The $111 billion deal will see Paramount own 100 percent of WBD and value the company at $31 per share. The deal has "unanimously approved" b
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