HBO Max and Paramount Plus are officially joining forces, with a new streaming bundle set to launch in early 2027. Skydance Corporation, which completed its acquisition of Warner Bros. Discovery in October, confirmed the plans in its third-quarter shareholder letter on Monday.
The bundle will give subscribers access to both streaming platforms at a discounted price, although Skydance has yet to reveal how much it will cost or whether the services will eventually merge into a single app.
“We see a meaningful opportunity to grow reach and engagement, improve retention, and increase the revenue and profitability of our streaming services in line with or ahead of the leading competitors in the industry,” reads the letter. “Our first step toward bringing together Paramount Plus and HBO Max is to offer them in a single bundle. Starting in early 2027, consumers will be able to subscribe to both world-class streaming services at an even greater value.”
Paramount and HBO Max Are Both Finding Success With Original Series
The move brings together two streaming platforms with sizable audiences and successful original programming. According to Skydance, Paramount Plus, HBO, and HBO Max collectively have 203 million subscribers worldwide, although that figure does not account for overlapping subscriptions.
The company pointed to several recent successes on both platforms in the letter.
On Paramount Plus, Lioness saw its viewership increase by 62% during its third season, while MobLand became the platform’s biggest original series ever in the U.K. and Ireland with its second installment. HBO Max, meanwhile, has found success with its DC and fantasy programming. Skydance highlighted Lanterns and House of the Dragon season 3 as two of the platform’s strongest launches and returning seasons ever, averaging 22 million and 42 million global viewers, respectively.
The company is also working toward integrating the technology behind its streaming services. Skydance said it expects to align the backend systems for Paramount Plus and HBO Max within a year of closing the Warner Bros. Discovery acquisition, potentially paving the way for a more unified streaming experience.
For now, subscribers can expect the two services to remain available separately, with the new bundle serving as the first major step toward bringing their respective libraries together.