WBD DTC (Discovery+, HBO, Max)
WBD DTC, also known as Discovery+, HBO, and Max, a privately owned entity of Warner Bros. Discovery headquartered in the US, was founded in 1972 and employs approximately 4,250 individuals. The company reported $10.9 billion in revenue as of 2025. Specializing in media and TV services, its direct-to-consumer (DTC) business includes streaming services such as Max, HBO Max, and discovery+, as well as premium pay-TV services like HBO. As of December 31, 2023, the DTC segment served 97.7 million subscribers. Max, which was formerly HBO Max and retains that name in Europe, operates as an American subscription video-on-demand (VOD) over-the-top streaming service, owned by Home Box Office (HBO), a subsidiary of Warner Bros. Discovery (WBD). Launched in 2020, Max provides content including movies, TV shows, documentaries, and original programming, operating with a global reach. Home Box Office (HBO) functions as an American premium television network, primarily offering broadcast television and radio services, and operates subsidiaries such as HBO Latin America, HBO Asia, and HBO (Spain), delivering original series, movies, documentaries, and sports coverage.
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