Warner Bros. Discovery is consolidating its properties.
Last week, it was announced that the two streaming services owned by Warner Bros. Discovery, HBO Max and Discovery+, would be merging under a single, currently unnamed banner. According to JB Perrette, CEO and president of global streaming and games for Warner Bros. Discovery, this merger would cover the weak spots of both services to create one ideal platform, including HBO Max’s variety of features with Discovery+’s infrastructure.
“At the end of the day, putting all the content together was the only way we saw to make this a viable business,” Perrette told analysts in the company’s Q2 earnings call. He added that combining the services will ensure that “there’s something for everyone in the household.”
HBO Max is expected to layoff around 70% of their development staff.
“Sounds like they’re not doing HBO Max scripted shows anymore with HBO taking over, so less scripted shows overall,” says one company insider.
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Recently, several HBO Max-exclusive movies and shows were quietly delisted from the service, with users and analysts speculating that they will eventually reappear on the new merged service. HBO Max also recently announced a halt to scripted productions, and coupled with the reveal that the company has been underperforming in Q2, it is likely that the merger is more of a financial move than a user-friendliness move. It is not known how the individual catalogs of HBO Max and Discovery+ will be affected by the merger, if at all.