Paramount+ and HBO Max Merge Aims to Make a Netflix-Disney-Size Power Play

Paramount Skydance’s plan to merge HBO Max with Paramount+ (including Discovery assets) would create a mega-streamer approaching 210 million subscribers worldwide, potentially rivaling Netflix and Disney+. The move hinges on solving overlap in audiences (about 7.6 million U.S. subscribers subscribe to both) and navigating leadership dynamics between HBO’s Casey Bloys and Paramount’s Cindy Holland, but if executed well it could give the combined platform a broader reach for IP like Mission Impossible, Top Gun, Yellowstone, and more.