WBD DTC (Discovery+, HBO, Max)

https://wbd.com/
https://www.linkedin.com/company/warner-bros-discovery/

WBD DTC, also known as Discovery+, HBO, and Max, is a privately owned direct-to-consumer business headquartered in the US and a part of Warner Bros. Discovery. Founded in 1972, the company employs approximately 4,250 individuals and reported $10.9 billion in revenue as of 2025. The company specializes in media and TV services, with its portfolio including subscription video on-demand and over-the-top streaming services like Max, and premium pay-TV networks such as HBO. Max, launched in 2020, offers a wide range of content including movies, TV shows, documentaries, and original programming, and was formerly known as HBO Max in certain regions. Home Box Office (HBO) functions as an American premium television network primarily offering broadcast television and radio services, known for its original series, movies, documentaries, and sports coverage. As of December 31, 2023, WBD DTC totalled 97.7 million DTC subscribers. Its subsidiaries include HBO, Open AP, You.i TV, iStreamPlanet, HBO Latin America, HBO Asia, and HBO (Spain).

2025 Revenue

Founded

1972

Headcount

4,241

Headquarters

Primary Segment

Media and TV services

Ownership

Privately Owned

News Summary:

On May 1, 2026, Congressman Sam Liccardo urged FCC Chairman Brendan Carr to deny Paramount Skydance’s petition that would allow three Middle Eastern sovereign wealth funds and other foreign investors to acquire 49.5% of the equity of the company following its proposed merger with Warner Bros. Earlier on the same day, TNT Sports announced it would air over 4,000 hours of live action from top cycling, golf, football, and tennis contests across May, June, and July. The channel, part of Warner Bros., is available on EE TV, Sky, Virgin Media, and its new streaming home HBO Max.

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WBD DTC (Discovery+, HBO, Max) offers 2 products in the media and telecoms services industry. WBD DTC (Discovery+, HBO, Max)'s product portfolio comprises of media and TV services.

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WBD DTC (Discovery+, HBO, Max)'s revenues were over $1B in 2025. All the revenue comes from video streaming.

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May

20th

2026

01:00

B2B Tag

Warner Bros. Discovery Announces Commencement of Consent Solicitations

NEW YORK , May 19, 2026 /PRNewswire/ -- Warner Bros.

Inspired Foodery

May

20th

2026

00:35

B2B Tag

BRIEF-Bankers Are Preparing To Sell $49 Billion Of Debt To Back Paramount Skydance's Takeover Of Warner Bros. Discovery- Bloomberg News

May 19 (Reuters) - * BANKERS ARE PREPARING TO SELL $49 BILLION OF DEBT TO BACK PARAMOUNT SKYDANCE CORP.'S TAKEOVER OF WARNER BROS. DISCOVERY- BLOOMBERG NEWS Source https://tinyurl.com/5cavpdke ",

Fidelity Investments

May

19th

2026

23:05

B2B Tag

TNT Sports paywalls UEFA finals coverage in the UK for the first time

In a significant shift from tradition, TNT Sports, a UK pay-TV broadcaster owned by Warner Bros. Discovery (WBD), has decided to limit the coverage of UEFA Europa League, Conference League, and Champions League finals to its platform and HBO Max service.

Sporticos

May

19th

2026

22:31

Emerging Tech, B2B Tag

Future of TV Briefing: The upfront is overtaking streaming’s programmatic marketplace

The upfront and programmatic advertising marketplaces have become intertwined. For Disney, 70 percent of advertiser demand for its biddable inventory comes from upfront advertisers, according to Disney svp of addressable sales Jamie Power. “The upfront shift into biddable, it started last year, and it’s accelerating into this year,” she said.

Digiday

May

19th

2026

19:30

Emerging Tech, B2B Tag

Discovery, Inc

Before implementing SAP Concur, Discovery had two separate solutions for travel and expense. The user experience is greatly improved with the integration of Travel, Expense, TripIt Pro, and TripLink, which aim to make business travel more efficient and cost-effective.

Concur Netherlands

May

19th

2026

18:50

Corporate Restructuring, B2B Tag

AEW Insider Reveals The Future As WBD Sale Concerns Grow

AEW’s future is riding on the sale of Warner Bros. Discovery (WBD). This could lead to some troubles for the Tony Khan-led company as WBD is looking to refinance itself. Interestingly, an insider from the Jacksonville-based promotion has shed some light on how things will fare for the company.

ITR Wrestling

May

19th

2026

16:44

B2B Tag

Fitch Assigns Paramount Skydance's Second-Lien Debt 'BB(EXP)' Expected Rating

Fitch Ratings has assigned Paramount Skydance Corporation's (PSKY) second lien secured debt a 'BB(EXP)' expected rating with a Recovery Rating of 'RR4'. The assignment of a final rating is contingent upon the closing of the proposed acquisition of Warner Bros.

Fitch Ratings

May

19th

2026

13:38

Partnerships and Alliances, B2B Tag

Philo Adds 12 Warner Bros. Channels to Its Free Streaming Lineup

Philo is expanding its free streaming lineup again, with the addition of 12 channels from Warner Bros. Discovery, from true crime to history to reality TV. Philo free users and paid subscribers will now be able to watch All Out Alaska, Chasing Criminals, Dead Files, History Untold, I Was Haunted, Living with Evil, Love Kills, Medical Incredible, MythBusters, Reality Gone Wild, Say Yes to the Dress, and Survive or Die.

Cord Cutters News

May

19th

2026

11:01

B2B Tag

What Could Save the Industry? Fin

I’m not a doctor. But if someone came up to me and said that they’d had pneumonia, broken their arm, lost vision in one eye, suffered from gout, had some teeth fall out, succumbed to shingles, diverticulitis and chronic gastrointestinal pains, and had mushrooms growing out of their toenails… all within the past year — well, I might suggest there’s a core problem to the calamities.

The Ankler

May

19th

2026

10:03

Financial Results, B2B Tag

Fitch Rates Warner Bros. Discovery's Proposed First Lien Debt 'BBB-/RR2'

Fitch Ratings has assigned Discovery Global Holdings, Inc's (DGH) proposed senior secured term loan a 'BBB-' rating with a Recovery Rating of RR2 and placed it on Rating Watch Negative (RWN). Proceeds are expected to be used to refinance a portion of the outstanding bridge facility, with leverage approximately neutral over the short term.

Fitch Ratings

May

19th

2026

07:30

B2B Tag

Hollywood’s Biggest Merger in Years Just Passed — Now Comes the Trust Problem

Does Paramount Skydance chairman and CEO David Ellison even need the public’s trust? And before you argue that he doesn’t need your trust , remember he is David Ellison. At the end of the day, customers are the boss, and they have choices.

Inc.

May

19th

2026

05:36

B2B Tag

How WBD’s Michele Resnick Sees the Future of Measurement & Outcomes in Media

We sat down with Michele Resnick, VP of Campaign Effectiveness at Warner Bros. Discovery. With decades of experience in measurement and media effectiveness, Resnick shared how her work spans the full marketing funnel—connecting upper-funnel brand outcomes like awareness and favorability to lower-funnel performance metrics and business results.

iSpot TV

Examples of WBD DTC (Discovery+, HBO, Max)'s suppliers include Globant, Deluxe and Accenture.

Example Suppliers

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Example Partners

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WBD DTC (Discovery+, HBO, Max) currently holds 15 broadcasting rights for sports competitions including combat sports, cycling, cyclo-cross, soccer | association football and winter sports.