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With the merger, HBO channel series such as “Barry” or “Westworld” are safe, pBut all the “Max Originals” will disappear, that is, the original productions of the streaming service.
The decision was made despite HBO and HBO Max increasing a combined total of 76.8 million global readers at the end of the first quarter of the fiscal year.
The announcement also means that employees of HBO Max and other WarnerMedia brands will likely lose their jobs, as the company cuts spending on content and eliminates roles deemed redundant.
HBOMax and Discovery+ will be merged into a single streaming service, the head of Warner Bros Discovery, David Zaslavon a second-quarter earnings call Thursday.
the media corporation did not reveal a name for the combined platformwhich he said will be released in the US. USA in the summer of 2023, with other regions to follow in 2024.
The move reshuffles the broadcast market, where hbo max is widely seen as a success story in the making. HBO and HBOMax they grew to a combined — and respectable — 76.8 million global readers at the end of the first quarter of the fiscal year.
The announcement also means that Employees of HBO Max and other WarnerMedia-owned brands will likely lose their jobs as the company cuts spending on content and eliminates roles deemed redundant.
The streaming in the actual world
the services of streaming are constantly changing, updating their strategies in order to reach all audiences, from free access for a limited time, to low-cost programs with commercials between selections.
In addition to this, the services of streaming They registered a new maximum of 487 million global participants during the first quarter of 2021 alone, a number that is constantly as competition towards Netflix has been increasing. As if that were not enough, according to the statistics of BroadbandCommunities, income from services is expected to over the top (OTT) or from streaming more than double what was generated in 2021 by 2025, reaching at least the figure of 252 billion dollars.
However, the merger of companies is not surprising, let us remember when MásMóvil and Orange A merger is being negotiated in Spain that will change the telecommunications scenario in one of the largest Spanish-speaking markets in the world.
The company is considering an ad-supported free version of the combined streaming platform, with Zaslav on the earnings call. HBO Max’s ad-supported tier currently costs $10 per month.
Zaslav is trying to cut costs by saving $3 billion, a promise he made to investors after Warner Media and Discovery Inc. formally merged in April, creating one of the largest media companies in the US. USA
The change in broadcast strategy was announced two days after news broke that WarnerMedia decided to put aside “Batgirl” and “Scoob!: Holiday Haunt”, films that were produced exclusively for hbo max and approved by the previous corporate regime.
“Batgirl” and “Scoob!” The sequel will not be distributed on any streaming platform or released in theaters, apparently so the company can cut taxes on both projects and try to recoup production costs, according to Variety.
“The decision not to release Batgirl reflects the strategic shift in our leadership as it relates to the DC Universe and HBO Max,” a Warner Bros. Pictures spokesperson said in a statement, adding that “Batgirl” star Leslie Grace she is “an incredibly talented actress and this decision is not a reflection of her performance.”
The move shocked the entire industry. streaming where the big studios rarely bury their successful productions completely.
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