Warner Bros. Discovery unveiled the new HBO Max and discovery+ streaming service in the United States today, according to the company's CEO.
The new streamer, which isn't yet named (although might very well be named HBO Max or Discovery+), will have several tiers, including ad-free, ad-lite, and ad-only options; they'll also be looking at a FAST (Free Ad-Supported Television) model later on, similar to services like Tubi or PlutoTV.
Zaslav stressed that quality over quantity during the interview, stating that they cannot find economic value in sending big budget films straight to the streamer. Because of that, nothing will be released theatrically if it isn't ready. A day after the company announced it was removing a nearly-finished Batgirl flick that cost over $70 million.
The combined streaming service will combine the content from both streamers, allowing HBO Max users to breathe a sigh of relief since most of the original content appears safe as of now, with selected episodes from Chip and Joanna Gaines' Magnolia Network set to premiere on HBO Max.
WarnerMedia and Discovery merged in a $43 billion merger last April, retaining Zaslav as CEO and keeping Casey Bloys as HBO and HBO Max's chief content officer. It was claimed that Zaslav, who is devoted to cost-cutting (re: killing off the $300 million CNN+ just one month after it was dropped), is planning to save the company $3 billion in the next two years.
HBO Max has established itself as one of the most popular streamers, bringing critically acclaimed programs such as Euphoria and The Flight Attendant, while discovery+ is known more for its reality content, which comes from networks such as TLC, Food Network, and Animal Planet.