Does Paramount even have a plan for HBO?

Paramount’s deal to absorb Warner Bros. Discovery leaves a lot of questions unanswered.

Jared Newman   |   March 4, 2026

Congrats, Paramount. You’ve succeeded in snatching Warner Bros. away from Netflix. Now what?

So far, Paramount hasn’t laid out much of a plan for Warner, aside from somehow mashing HBO Max and Paramount+ into one streaming service. Its press release mostly extolls the value of getting bigger for shareholders, while viewers seem to be an afterthought. (The deal is still subject to regulatory approval and a vote by Warner shareholders.)