WBD DTC (Discovery+, HBO, Max)
WBD DTC, also known as Discovery+, HBO, and Max, is a privately owned entity headquartered in the US. This business, part of Warner Bros. Discovery, encompasses streaming services such as Max, HBO Max, and discovery+, alongside premium pay-TV services, including HBO. Founded in 1972 and operating with approximately 4,250 employees, the company reported $10.9B in revenue as of 2025. As of December 31, 2023, its direct-to-consumer (DTC) subscriber total reached 97.7 million. The company specializes in media and TV services, leveraging subscription video on-demand and over-the-top streaming services like Max, which launched in 2020 and offers content including movies, TV shows, documentaries, and original programming. HBO, an American premium television network, primarily offers broadcast television and radio services, and is known for its diverse programming, which also includes original series, movies, documentaries, and sports coverage. Max, with a global reach across several countries, provides streaming services to its subscribers, competing in the streaming platform market. HBO operates several subsidiaries, including HBO Latin America, HBO Asia, MAX (HBO MAX), and HBO (Spain).