quote:

HBO Max and Discovery+ will merge into a single streaming service, Warner Bros. Discovery chief David Zaslav announced on a second-quarter earnings call Thursday.

The media corporation did not reveal a name for the new platform, which it said will launch in the U.S. in the summer of 2023, with other regions to follow in 2024.

The current versions of HBO Max and Discovery+ account for a combined of 92 million subscribers, according to the quarterly earnings report. Warner Bros. Discovery hopes to reach 130 million global subscribers by 2025.

The company is considering a free, ad-supported version of the consolidated streaming platform, Zaslav confirmed on the earnings call. HBO Max's ad-supported tier currently costs $10 a month.