Discovery is planning to consolidate its two biggest streaming platforms, HBO Max and Discovery+ and it’s likely to result in a significant number of layoffs in order to save $3 billion in merger costs.
The announcement is expected to be made on Thursday afternoon by Warner Bros. Discovery CEO David Zaslav before the companies’ upcoming quarterly earnings report at 4:30pm.
Despite the fact Discovery+ has 22 million subscribers, and HBO Max, together with its HBO television network, has 73.8 million subscribers, it is HBO Max that is likely to be gutted.
HBO Max, which has 73.8 million subscribers is likely to be gutted in the merger with a Discovery
Discovery+ focuses mainly on non-fiction productions and has 22 million subscribers
HBO content chief Casey Bloys will…
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