After months of industry and customer speculation, Paramount Skydance has shed some light on the future of streaming services HBO Max and Paramount+.
Paramount Skydance today completed its acquisition of Warner Bros. Discovery (WBD), ending a months-long saga that began when Netflix last year announced its own plans to purchase WBD. Netflix scrapped those plans in February. Skydance is the name of the company created from the $111 billion merger.
In an announcement today, Skydance said that all of the direct-to-consumer streaming services it owns, including the Discovery+ service that Discovery Inc. (which merged with WarnerMedia in 2022 to create WBD) launched in 2021, “will be unified into a single service over time.”
The brief but informative statement brings some clarity to questions about whether Skydance would ditch any of the streaming services or continue to offer all services individually or as a discounted package.
This latter theory gained particular credence on October 1, when The Hollywood Reporter published remarks that HBO Max content chief Casey Bloys, who is expected to lead Skydance’s combined streaming efforts, made at Bloomberg’s Screentime 2026 event:
I would say I don’t want to comment on what’s going to happen or anything like that, but I would point to the HBO Max-Disney package, which has been very successful… So could you imagine something like that would happen? That would make a lot of sense.
But with today’s announcement, it looks like one day big-budget HBO dramas like Dragon House and The wire will live under the same streaming service as Paramount+ shows like tulsa king and Star Trek: Strange New Worldsand Discovery+ content such as the different 90 day fiancé derivatives and Fixer Upper: Welcome home.
