Warner Bros. Discovery Direct-to-Consumer, also known as Home Box Office, Max, HBO Max, and Discovery+, is a privately owned subsidiary of Warner Bros. Discovery, headquartered in the US. Founded in 1972, with approximately 4,250 employees, it reported $10.9 billion in revenue as of 2025. The company's direct-to-consumer business encompasses streaming services, including Max, HBO Max, and discovery+, alongside premium pay-TV services such as HBO. Functioning as an American subscription video on-demand over-the-top (OTT) streaming service, it offers diverse content, including movies, TV shows, documentaries, and original programming. It reported a total of 97.7 million DTC subscribers as of December 31, 2023. Its subsidiaries include HBO, Open AP, You.i TV, and iStreamPlanet.
Arete Research analysts on July 10 raised concerns about Paramount Skydance Corp.'s proposed $110 billion acquisition of Warner Bros. Discovery, projecting a 79% downside for Paramount and questioning management's experience to handle the substantial resulting debt. Earlier on July 10, the UK government began considering an intervention in the Paramount-Skydance acquisition of Warner Bros. Discovery, citing concerns over media plurality and noting the potential influence of billionaires Larry and David Ellison and their political ties on the media landscape. This follows a July 9 development where a coalition of U.S. states prepared to legally challenge the proposed $110 billion deal, potentially setting up a significant antitrust battle amidst intensified scrutiny of major corporate mergers. Paramount had responded earlier on July 9 to Oregon Attorney General Dan Rayfield, contending that the state's motion to block the merger was not based on antitrust law.
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Warner Bros. Discovery Direct-to-Consumer offers 2 products in the media and telecoms services industry. Warner Bros. Discovery Direct-to-Consumer's product portfolio comprises of media and TV services.
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Warner Bros. Discovery Direct-to-Consumer's revenues were over $1B in 2025. All the revenue comes from video streaming.
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Examples of Warner Bros. Discovery Direct-to-Consumer's suppliers include Deluxe, Globant and Accenture.
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Warner Bros. Discovery Direct-to-Consumer currently holds 15 broadcasting rights for sports competitions including winter sports, cycling, combat sports, cyclo-cross and soccer | association football.
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