Warner Bros. Discovery formed after Discovery closed its acquisition of Warner Media from AT&T. The fusion of the two platforms was revealed by the company.
During Warner Bros. Discovery's second quarter earnings call in 2022, it was announced that the two streaming services would become one. The first part of the roll out will be in the United States, followed by Latin America, Europe, and Asia Pacific. The unified streamer will be introduced later in the year.
The company didn't say how much it would cost or what it would be called. Discovery+ costs $6.99 a month without ads and $4.99 a month with ads, but you have to pay for the ads.
Ad-free, ad-lite, and ad-only plans will be offered by the unified streaming service. Sports programs will be included in the company's transactional and multi tier options. There will be different sets of content on smart TVs and mobile devices.
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The CEO of Warner Bros. Discovery said during the company's recent earnings call that the service will combine the best features of both platforms. He described the product as rich in features but lacking in performance and customer satisfaction. Discovery+ has more limited features but also has better performance and consumer ratings.
"We will focus on delivering the best of both: market-leading features with world-class performance," Perrette said.
During the 30th annual Media, Internet & Telecom conference, Discovery's CFO confirmed the merger of the two companies. He said that Discovery would offer a bundle of services before merging them.
The user base for each platform was not disclosed, but the combined subscriber base for the three platforms was 92.1 million. This is an increase of 1.7 million from the previous quarter. The company wants to have 130 million subscribers by the year 2025.
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