Skydance CEO indicates eventual merger of Paramount+ and HBO Max following Warner Bros. Discovery acquisition

Following Skydance's $111 billion acquisition of Warner Bros. Discovery, Skydance Chairman and CEO David Ellison stated that Paramount+ and HBO Max will eventually merge into a single streaming service. While the services will operate separately in the near term, the long-term plan is to combine them, aiming to reduce duplicated technology and operating expenses. This creates a new megacorporation in Hollywood, streaming, and news.