A Paramount+ and HBO Max bundle is on the way — and Skydance laid out the timeline for its streamers joining forces

A Paramount+ and HBO Max bundle is on the way — and Skydance laid out the timeline for its streamers joining forces

A Paramount+ and HBO Max bundle is on the way — and Skydance laid out the timeline for its streamers joining forces Samuel Boivin/NurPhoto via Getty Images; Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images The Paramount+ and HBO Max marriage is around the corner.Skydance will bundle the streamers in early 2027, the company said Monday as it shared its third-quarter earnings — its first report since Paramount bought Warner Bros. Discovery in early October.It's unclear how much the HBO Max-Paramount+ bundle will cost. Skydance said it would share more details on the bundle and "its streaming roadmap" in the coming months.HBO Max costs $10.99 a month with ads, or $18.49 for the standard ad-free plan, while Paramount+ is $8.99 a month with ads and $13.99 for the ad-free version.Without a discount, it costs about $20 a month to get HBO Max and Paramount+ with ads separately, and $32.48 to get them without ads.David Ellison's media giant is also planning to combine the Paramount+ and HBO Max tech platforms in the next 11 months so it can create a "unified product."Paramount merged the backend of its namesake streamer with its free service, Pluto TV, over about 18 months in a process known internally as convergence.Skydance said it will lean on AI tools to move faster this time around."We expect to bring Paramount+ and HBO Max together much faster, aiming to align our backend systems within a year of closing, enabling us to quickly deliver a unified product," Skydance said in its third-quarter shareholder letter. Skydance posted solid Q3 earningsSkydance largely met Wall Street's expectations in its third-quarter report. The new media company met its revenue projections and exceeded adjusted earnings estimates.Revenue climbed 5% year-over-year to $7 billion, within the $6.95 billion to $7.15 billion range that Paramount had told investors to expect.Adjusted EBITDA, a measure of profitability excluding certain items, was $1 billion, above the company's $875 million to $975 million range.Shares were volatile in early after-hours trading, following a surge of over 8.5% on Monday. Skydance's stock entered earnings down more than 11% since the October 6 merger. Read next Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know James Faris is a media correspondent in New York City.He covers the business of media & entertainment, specifically the streaming, TV, and AI strategies of Hollywood giants like Disney, Skydance (Paramount-WBD), and Netflix. He previously wrote about the stock market, the economy, and real estate.James joined Business Insider after graduating magna cum laude from James Madison University.Email James at jfaris@businessinsider.com and follow him on LinkedIn. Media

Original Source

Read the full article at Businessinsider →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.