WBD DTC, also known as Discovery+, HBO, Max, Home Box Office, and HBO Max, is a privately owned company headquartered in the US and a subsidiary of Warner Bros. Discovery. Founded in 1972, with approximately 4,250 employees, the company reported $10.9 billion in revenue as of 2025. It operates streaming services including Max, HBO Max, and Discovery+, alongside premium pay-TV services such as HBO. As of December 31, 2023, the company reported 97.7 million DTC subscribers. Max, which was formerly known as HBO Max in Europe, is an American subscription video on-demand over-the-top streaming service that offers content including movies, TV shows, documentaries, and original programming with a global reach. Home Box Office (HBO) is an American premium television network primarily offering broadcast television and radio services, known for its programming which includes original series, movies, documentaries, and sports coverage. Its subsidiaries include HBO, Open AP, You.i TV, and iStreamPlanet.

2025 Revenue

Founded

1972

Headcount

4,241

Headquarters

US

Primary Segment

Media and TV services

Ownership

Privately Owned

News Summary:

On March 21, 2026, TNT Sports announced a significant change in its streaming platform coverage, which has been integrated with Discovery+ since July 2023. TNT Sports originally replaced BT Sport in July 2023 as part of a joint venture between BT Sport and Warner Bros Discovery. Earlier on the same day, scrutiny surrounded the potential $887 million payout for Warner Bros. Discovery CEO David Zaslav, stemming from the proposed acquisition of Paramount Global by Skydance Media, highlighting the practice of executive severance packages upon a change in company control.

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WBD DTC (Discovery+, HBO, Max) offers 2 products in the media and telecoms services industry. WBD DTC (Discovery+, HBO, Max)'s product portfolio comprises of media and TV services.
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WBD DTC (Discovery+, HBO, Max)'s revenues were over $1B in 2025. All the revenue comes from video streaming.
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Examples of WBD DTC (Discovery+, HBO, Max)'s suppliers include Accenture, Deluxe and Globant.

Example Suppliers

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WBD DTC (Discovery+, HBO, Max) currently holds 15 broadcasting rights for sports competitions including cyclo-cross, combat sports, cycling, soccer | association football and winter sports.

Example Sports Rights Suppliers

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