Variety reported that Discovery has confirmed plans to combine Discovery+ and HBO Max into one service. WarnerMedia closes and the company becomes Warner Bros. Discovery.
The future merged service was confirmed by Discovery's CFO during the 30th annual Media, Internet & Telecom conference.
This will be the first time that the company has revealed any plans since the merger was announced.
Before the two services are combined, there will be some form of bundling that will take place first, before the company figures out a way to combine the two platforms.
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The breadth and depth of this content offering are going to be a phenomenal consumer value proposition, and one of the most important items here is that we believe in a combined product as opposed to a bundle.
The question is, in order to get to that point and do it in a way that is actually a great user experience for our subscribers, that is going to take some time. We will start working on an interim solution in several months, hopefully not in years, but still, that's nothing that's going to happen in weeks. We are working on getting the bundling approach ready, so that we can start to get some benefits early on. The main thrust is to unify the technology platform. It will take a while to build a very strong combined direct-to-consumer product and platform.
Discovery+ costs $4.99 per month with or without ads. The cost of the service is $9.99 per month with ads and $14.99 without them. According to Variety, there would be ad and ad-free options on the Best Android phones, but they did not indicate what a new service or bundled service would cost.
The $43 billion mergers between WarnerMedia and Discovery are expected to close in the second quarter of this year.
The combination could not make more sense than what we are doing here. You have the daily engagement that people enjoy with Discovery content, whereas the event-driven nature of the content from HBO Max. We will be creating one of the most complete, sort of four-quadrant, old-male-female products out there.
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