Paramount Skydance intends to combine Paramount+ and HBO Max if their acquisition of Warner Bros. Discovery is approved.
On Monday’s investor call, CEO David Ellison shared the plans for merging the two streamers and their combined 200 million subscribers.
Last week, WBD reported that HBO Max has grown to 131.6 million worldwide subscribers, while Paramount+ reports 79 million subscribers. HBO Max is targeting 150 million subs by the end of 2026 and will expand into the U.K. and Ireland later this month.
Paramount’s COO Andy Gordon was on call and cited “$6 billion in synergies” they expect over three years after the acquisition of WBD.
Paramount+ signed a massive deal with the UFC for $7.7 billion over the next seven years. WBD has a multi-year agreement with AEW for its Dynamite & Collision programming, along with streaming on HBO Max, including its pay-per-views. AEW’s deal with WBD runs through the end of 2027 with an option for 2028.
The pending acquisition of WBD would see Paramount Skydance acquire the entirety of the company in a deal valued at $110 billion and $31 per share for WBD stockholders.
