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).

2025 Revenue

Founded

1972

Headcount

4,241

Headquarters

US

Primary Segment

Media and TV services

Ownership

Privately Owned

News Summary:

On March 28, 2026, the US Department of Justice (DOJ) intensified its investigation into Paramount and Skydance's proposed $110 billion acquisition of Warner Bros. by issuing subpoenas. Previously, on March 27, actress Jane Fonda led a First Amendment rally in Washington D.C., raising concerns about the pending merger between Paramount and Warner Bros. Earlier that day, Warner, alongside Disney and NBCUniversal, advocated for stricter EU rules on smart TV platforms, arguing that companies such as Google, Amazon, and Samsung increasingly control content visibility. Additionally, on March 27, actress Eva Longoria expressed fears regarding the potential impact of a Warner Bros. Discovery–Paramount merger on jobs and diversity, specifically noting the risk of "massive amount of job loss of creatives" due to consolidation.

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

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

Example Sports Rights Suppliers

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