The platforms are expected to unite at some point in the summer of 2019 according to Warner Brothers. However, the decision was not made with the client in mind. The CEO and President of Global Streaming and Games for Warner Bros. Discovery, Variety , claims JB Perette claimed that Warner Brothers could see no other way “to make this a sustainable business” except through the merger. The new platform will, according to the CEO, provide “something for everyone in the household,” and the range of subscription options will help it stand out in the highly competitive streaming industry.
These days, there are a ton of streaming options available. There are other streaming services including Netflix, Hulu, Paramount, Disney, Apple TV, and Amazon Prime Video in addition to HBO Max and Discovery. Companies that seemed unassailable just a short time ago have suffered consequences as a result of the oversaturated market. One of the worst-performing stocks this year has been Netflix, the business that is credited with possibly starting the trend. During the first half of 2022, its share price fell precipitously.
HBO Max has taken steps to increase member numbers recently, despite being one of the more well rated providers. Their less expensive option, which is supported by ad income, was introduced last year. For several months, the business discounted its ad-free service in an effort to attract new customers. Although this is common procedure for many services, it may also indicate that the service wasn’t working as well as Warner Brothers had anticipated.