Paramount and Warner Bros. Discovery just dropped big news for anyone paying for streaming. The companies plan to merge Paramount+ and HBO Max into a single platform once their $110 billion deal closes.
CEO David Ellison confirmed the move during an investor call. The combined service will take on Netflix and Disney+ directly. With a library of more than 15,000 titles, your queue is about to get crowded.
A library built for binge wars
The new platform bundles some of the biggest franchises in one place. Harry Potter, Game of Thrones, Top Gun, and SpongeBob SquarePants will live under the same digital roof. The company says it owns over 15,000 films and thousands of hours of TV.
Ellison told investors that HBO would keep its identity. Our viewpoint is HBO should stay HBO, he said. The merged service expects to reach over 200 million subscribers. That puts it in the same league as Netflix.
What the merger means for your wallet
Nobody knows what this will cost yet. The companies haven’t released pricing for the unified app. But the deal follows a pattern. Just as Disney folded Hulu into Disney+, this agreement combines two services into one. You might end up with a single bill instead of two. Or you might face a new price that reflects the bigger catalog.
Ellison called the merger pro-consumer during the call. The combined sports rights include the NFL, Olympics, and UFC. That gives the service a real edge. But the monthly price will decide if you actually save.
When you can expect the new service
The deal isn’t done yet. Shareholders vote in early spring. The target closing date is Q3 2026. Regulators could slow things down. California Attorney General Rob Bonta already promised to scrutinize the deal over concentration concerns.
If it clears, the combined platform launches after closing. That gives subscribers several months with their current setups.
The company promised at least 30 theatrical films per year across both studios. So new content keeps coming regardless. Keep your logins handy for now. The streaming landscape just shifted again.