Image credits:
Reproduction
The acquisition of Warner Bros. Discovery by Paramount Skydance is entering its final stages, and with that, some changes will begin to happen in both companies. One of them is the head of content for HBO and HBO Max, Casey Bloys, also taking control of Paramount+ and being responsible for both streaming services.
With the merger, how will the issue of services be handled? Paramount's CEO, David Ellison, has already clarified some aspects of how it will work. Check it out below:
Will HBO Max and Paramount+ merge? What will happen to streaming services?
Ellison recently commented on the matter, saying that the merger should happen. "As we've said, we plan to merge the two services, which today gives us just over 200 million subscribers in the direct-to-consumer (DTC) model."
“We think that really positions us to compete with the leaders in the space. [...] By uniting our iconic studios’ complimentary streaming platforms with a global footprint, our cable and linear networks, and our world-class IP, we have the opportunity to help shape the future and build a next-generation media and entertainment company. This has been our goal since day one", he said. "The combined offering, given the amount of content and what we can do from the tech side, really will put us in a position to be able to compete with the most scaled players in DTC,” the executive concluded.
In other words, the merger will happen; however, we don't know how the applications will be organized, or when that will happen. It's very likely that this will be defined after the acquisition is finalized, which should still take some time. Furthermore, it will be necessary to prepare the new streaming service, should that happen.
Since the company will change its name to just Skydance when the acquisition is complete, it's very likely that the streaming service will also adopt that name, bringing together the content of HBO, Discovery, and Paramount in one place. Another point raised by Ellison about the merger is that HBO will continue to have autonomy over its projects, without supervision from Paramount executives.
“Casey and his team are doing an absolutely remarkable job at HBO and we do plan for that to be able to operate with independence, so that HBO can candidly do what it does incredibly well. [...] Our viewpoint is HBO should stay HBO. They are a leader in the space and we just want them to continue doing more of it, but by bringing the platforms together, all of our content will be able to reach even a broader audience.”
With this in mind, it's very likely that the future streaming service will have a tab focused on HBO productions, and possibly another focused on Paramount. At the moment, it's still too early to know how the division will work within the app.