According to Discovery’s earnings call, the company closed Q3 with 20 million paying subscribers across its services including Discovery+, up 3 million from the previous quarter.
It was also hinted at the high possibility that Discovery+ and HBO Max would merge into one streaming service after Discovery’s upcoming merger with Warner Media.
However, before the two services combine, it’s likely there will be a bundle offer created for Discovery+ and HBO Max, similar to how Disney offers a subscription package to Disney+, Hulu, and ESPN+.
Earlier this year, AT&T was negotiating to combine its media assets with Discovery which would include AT&T-owned networks (HBO, CNN, TNT, TBS, and more), Warner Bro. studio, and Discovery’s channels (HGTV, Food Network, TLC, Discovery, etc.).
Now that deal is the closest it’s been to reality with the merger set to be approved in the first half of 2022.