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Warner Bros. Discovery shifts strategy, plans to keep Discovery+ separate

Warner Bros. Discovery Inc. plans to keep its streaming service Discovery+ as a stand-alone app, according to people familiar with the matter. For now, earlier (in 2013), it had planned to consolidate content in a single subscription app.

In talks that led to the creation of Warner Bros., leaders at AT&T Inc.’s T, -0.47% WarnerMedia considered a one-stop shop for streaming services as part of an appeal in merging with Discovery Inc,  people familiar with the matter said. Last year, the company said it made sense to streamline its offerings—mainly because of how crowded the streaming marketplace has become.

Ground News - Warner Bros. Discovery to Keep Discovery+, in Strategy Shift

Instead of merging HBO Max and Discovery+ into one platform, the new service will feature most of Discovery’s content—though it will remain available as a stand-alone option.

The decision to keep Discovery+ is part of an effort to prevent a significant chunk of the app’s 20 million subscribers from ditching it at higher prices.

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Financial Futurism © 2024. All rights reserved.

Disclaimer: The information provided here is not financial advice - it is for informational or entertainment purposes only. The opinions expressed here are not necessarily those of Financial Futurism writers or staff. Trading and investing involve risk, so you should always conduct your own research before investing. If you are planning to make an investment, you should contact an authorized financial expert. You should not invest money that you cannot lose.

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Financial Futurism © 2024.
All rights reserved.

Disclaimer: The information provided here is not financial advice - it is for informational or entertainment purposes only. The opinions expressed here are not necessarily those of Financial Futurism writers or staff. Trading and investing involve risk, so you should always conduct your own research before investing. You should not invest money that you cannot lose.