Skydance has just had its first earnings report since its acquisition of Warner Bros. Discovery and spoken about the future of Paramount+ and HBO Max.
David Ellison confirmed in a letter to shareholders on Monday that an early 2027 date is being targeted for a bundle of the two services. Pricing was not revealed.
That bundling is coming ahead of what many see as inevitable merger of the services in the future, Ellison saying in the letter the bundle is “our first step towards unifying the two services.”
It’s expected now that, like Disney with Hulu, the two services will become heavily intertwined moving forward. The services reach a combined 203 million subscribers worldwide – putting the combined pair in serious competition with Netflix, Amazon and Disney.
Ellison also says the two services are “highly complementary offerings” and they “over-index with different consumer segments and different parts of the country”.
The company adds that they still expect to spend $30 billion on content each year.
Source: THR
