Streaming platforms Discovery+ and HBO Max will merge

Warner Bros. Discovery, facing a $3.4 billion loss, has made the decision to merge two of its most popular streaming platforms.

Fox News senior correspondent Charlie Gasparino scoops Warner Brothers Discovery CEO David Zaslav reportedly planning a major restructuring on"The Claman Countdown.", Warner Bros. Discovery announced that it would merge its two streaming platforms, Discovery+ and HBO Max, into one platform.

The yet unnamed platform will launch in the summer of 2023 and will feature several tiered options, including ad-free, ad-light and an ad-only option. U.S. CEO David Zaslav made the announcement during the latest earnings call, where the company reported $9.8 billion in revenues against a loss of $3.4 billion.

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