HBO Max and Paramount+ will combine after WBD merger [CNN]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
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Source: CNN
“We will combine the streaming portfolios of the two companies into one stronger platform over the coming years,” Ellison said on the Monday morning call. “Across the two platforms, there are over 200 million DTC subscribers today in more than 100 countries and territories worldwide.” The combination would mark one of the most significant integrations yet in the streaming wars. That 200-million figure would almost certainly shrink under a combined service, given subscriber overlap between the platforms. Paramount ended Q4 with 78.9 million direct-to-consumer subscribers, while Warner Bros. Discovery (WBD) reported 131.6 million. For context, when WBD and Netflix were still in merger talks, Netflix co-CEO Ted Sarandos told lawmakers that 80% of HBO Max subscribers also have Netflix accounts. Netflix recently reported surpassing 325 million subscribers. A combined HBO Max-Paramount+ streaming service would unite the two companies' marquee franchises — from HBO's “Game of Throne
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