WBD DTC, a privately owned US-based company, operates several streaming and pay-TV services under the brands Max (formerly HBO Max), Discovery+, and HBO. Founded in 1972 (referencing HBO's founding year), the division employs over 4,250 people and reported over $1 billion in revenue in 2023. Its offerings include on-demand streaming video, broadcast television, and radio services. As of December 31, 2023, WBD DTC had a combined 97.7 million direct-to-consumer subscribers. The division includes subsidiaries such as HBO Latin America, HBO Asia, HBO (Spain), You.i TV, Open AP, and iStreamPlanet. The parent company is Warner Bros. Discovery (WBD).
Reports indicate Netflix expressed interest in acquiring Warner Bros. Discovery. Following the Paramount-Skydance merger in August, speculation arose regarding potential acquisitions of Warner Bros. Discovery, with Netflix emerging as a possible contender. This speculation was fueled by an observed meeting between Netflix's Ted Sarandos and Warner Bros. Discovery's David Zaslav. Separately, on September 19, 2025, Warner Bros. Discovery, along with Disney and Universal Pictures, filed a lawsuit against MiniMax, a Chinese AI company, alleging mass copyright infringement for using copyrighted data to train AI models without authorization or compensation.
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WBD DTC (Discovery+, HBO, Max) offers 3 products in the media and telecoms services industry. WBD DTC (Discovery+, HBO, Max)'s product portfolio comprises of broadcast television and radio and media and TV services.
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WBD DTC (Discovery+, HBO, Max)'s revenues were over $1B in 2023. Caretta Research has split WBD DTC (Discovery+, HBO, Max)'s revenue into 2 different product categories, the largest of which is linear (thematic channel groups). For full access to WBD DTC (Discovery+, HBO, Max)'s revenue breakdown subscribe to Caretta Portal.
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Examples of WBD DTC (Discovery+, HBO, Max)'s suppliers include Iyuno, Deluxe and NEP Group.
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WBD DTC (Discovery+, HBO, Max) currently holds 16 broadcasting rights for sports competitions including cyclo-cross, cycling, combat sports, winter sports and soccer | association football.
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