Eventually, HBO Max and Discovery+ will come together as a single streaming offering, but the integration will “take a while,” CFO Gunnar Wiedenfels said at an investor conference today…
offering, but the integration will “take a while,” CFO Gunnar Wiedenfels said at an investor conference today.in the “ninth inning” ahead of an expected April close, the exec continued, the near-term focus is on providing a bundle of the two discrete services. He delivered the comments at Deutsche Bank’s 30th annual Media, Internet & Telecom Conference.
The consensus in industry and Wall Street circles has been that a single offering makes the most sense as Warner Bros. Discovery attempts to compete head to head with Disney, Netflix and others. During the company’s fourth-quarter earnings call in February, Zaslav did not hedge when offering his outlook about a streaming combination. “We see that there’s also a different viewing pattern between what’s going on in HBO Max and with Discovery+,” he said. “A lot of our content is viewed throughout the day. So the first question is, how do we do when we come together?”
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