HBO Max and Paramount+ will be sold together starting in early 2027. Skydance CEO David Ellison confirmed the timing in a letter to shareholders on Monday, November 9, alongside the company's first earnings report since it absorbed Warner Bros. Discovery. Price and the exact launch date are still unannounced.
Quick answer
The HBO Max–Paramount+ bundle launches in early 2027, per Skydance CEO David Ellison. No price or exact date has been announced. The bundle will cover entertainment, news and sports. Ellison named titles such as Harry Potter, The Pitt, Mayor of Kingstown and Landman, and Variety adds Tulsa King and The White Lotus. The two services reach a combined 203 million subscribers. Ellison calls the bundle the "first step" toward merging them into a single service.
What's actually confirmed
Per Deadline, Ellison told analysts the two services are complementary, since each is strongest with different audiences and in different parts of the country. He expects the bundle to lift engagement and retention. Skydance will phase in new pricing plans during the bundle period, guided by consumer feedback. Combining the two apps into one is the long-term plan, but Ellison has said that will take time because of the technology work and strategy choices involved.
The quarterly numbers are only a partial picture. The Warner Bros. Discovery deal closed in early October, so the third quarter mostly reflects Paramount alone, which reported $73 million in net income. On a pro forma basis, as if the merger had closed at the start of 2025, the combined streaming division grew revenue 15% year over year.
What it means if you subscribe
If you already pay for both, a bundle discount is the obvious win, as with Disney's bundles. Deadline expects a real price incentive, but nothing is official yet. If you only pay for one, the open questions are whether standalone prices change while the bundle phases in, and how long the two apps stay separate.
At 203 million subscribers, the combined service is still well behind Netflix but now closer in size to Disney and Amazon Prime Video. That rivalry is behind a lot of this year's slate decisions, such as Netflix renewing Nobody Wants This, Disney+ and Hulu's record K-drama premiere, Apple TV's Monsterverse series and Prime Video's The Terminal List follow-up. Paramount's next big theatrical release, Ebenezer with Johnny Depp, will probably land on Paramount+ after its theater run.
Frequently asked questions
Q: When does the HBO Max and Paramount+ bundle launch?
A: Early 2027, per Skydance CEO David Ellison. No exact date has been announced.
Q: How much will the HBO Max–Paramount+ bundle cost?
A: Pricing has not been announced. Skydance says it will phase in new pricing plans during the bundle period.
Q: Will HBO Max and Paramount+ merge into one app?
A: That is the long-term plan, according to Ellison. The bundle is the first step, and full integration will take time.
Q: What shows are in the HBO Max–Paramount+ bundle?
A: Both full catalogs, including Harry Potter, The Pitt, The White Lotus, Landman, Mayor of Kingstown and Tulsa King, plus news and sports.