Paramount will unify its content with HBO on a single streaming platform, after the purchase of Warner Bros.

TL;DR

Paramount CEO David Ellison announced the merger of HBO Max and Paramount+ into one streaming platform.
This move follows Paramount's agreement to acquire Warner Bros. Discovery (WBD) for $110 billion.
The combined platform will have over 200 million subscribers and operate in over 100 countries.
HBO will continue to operate independently.
The deal involves a payment of $31 per share in cash for WBD.
A shareholder vote is expected in early spring 2026.
Netflix had previously withdrawn from bidding for WBD after Paramount's new offer.
Paramount's deal counters a previous preliminary alliance by Netflix to acquire WBD's studios and streaming businesses.

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