WBD DTC (Discovery+, HBO, Max)

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

WBD DTC, also known as Discovery+, HBO, Max, Home Box Office, and HBO Max, is a privately owned company headquartered in the US. Operating under Parent Company Warner Bros. Discovery, its subsidiaries include HBO, Open AP, You.i TV, and iStreamPlanet. Founded in 1972, the company has an estimated 4,250 employees and reported $10.2B in revenue as of 2023. The company provides media and TV services, specializing in direct-to-consumer (DTC) streaming and premium pay-TV. Its DTC business encompasses streaming services such as Max, HBO Max, and discovery+, alongside premium pay-TV services, including HBO. As of December 31, 2023, the entity reported 97.7 million DTC subscribers. Max, which was formerly HBO Max and continues under that name in Europe, operates as an American subscription video on-demand over-the-top (OTT) streaming service, launched in 2020. This service offers content comprising movies, TV shows, documentaries, and original programming, and maintains a global operational footprint. Home Box Office (HBO) functions as an American premium television network, primarily delivering broadcast television and radio services, and offers programming that includes original series, movies, documentaries, and sports coverage.

2023 Revenue

Founded

1972

Headcount

4,241

Headquarters

Primary Segment

Media and TV services

Ownership

Privately Owned

News Summary:

Activist investor Ancora Holdings recently disclosed a $200 million stake in Warner Bros. Discovery on February 14, 2026, stating its intention to vote against Netflix's planned acquisition of Warner Bros. Previously, on February 13, hedge fund Sachem Head Capital Management more than doubled its stake in the media giant during the fourth quarter, holding nearly 8 million shares by the end of December, according to a regulatory filing. This increase in stake occurred as Warner Bros. Discovery agreed to sell its streaming and studios business to Netflix. Also on February 13, Rep. Laura Friedman and Sen. Adam Schiff warned Netflix and Paramount that any deal must include "ironclad promises" to protect local production and union jobs, curb AI job loss, and maintain financial investment in Los Angeles. Earlier that day, US President Donald Trump and the Department of Justice reportedly became involved in the fight between Netflix and Paramount to purchase Warner Bros. Discovery, with legal scrutiny facing both potential buyers.

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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 2023. All the revenue comes from video streaming.

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Feb

17th

2026

12:09

B2B Tag

WBD Files Definitive Proxy Statement and Schedules Special Meeting for March 20, 2026, to Approve the WBD-Netflix Transaction

The WBD-Netflix Transaction Delivers Incredible Value and Certainty to WBD Stockholders with Clear Path to Timely Regulatory Approval Netflix is the Superior Deal and the Only Deal Before WBD Stockholders Together WBD and Netflix will

PR Newswire

Feb

17th

2026

06:34

Regulatory and Legal, B2B Tag

Netflix Hopes WBD-Paramount Talks Will “Finally Resolve This Matter,” Berates David Ellison Company For Misleading Warner Shareholders

Netflix slammed Paramount’s “antics” and blasted the David Ellison company for misleading Warner Bros. Discovery shareholders on the regulatory landscape in an aggressive defense of its own WBD deal. That agreement, signed last December and unanimously approved by the WBD board, will be put to a vote by Warner shareholders on March 20, Warner announced today even as it simultaneously unveiled plans to engage with Paramount for a seven-day window through Feb 23.

Deadline Hollywood

Feb

17th

2026

06:34

B2B Tag

Warner Bros. Discovery Restarts Deal Talks with Paramount

Warner Bros. Discovery said on Tuesday that it will restart the deal talks with Paramount Skydance that it ended in December, giving the company another chance at besting Netflix for a deal. Paramount will have until Feb.

The New York Times

Feb

17th

2026

02:01

B2B Tag

Warner Bros. Discovery reopens talks with Paramount

Listen to this article with a free account Warner Bros. Discovery said Tuesday that it was reopening talks with Paramount Skydance, giving the studio a week to rival Netflix in its bid to take over the streaming and cable giant.

Dukascopy Bank

Feb

16th

2026

18:30

B2B Tag

Warner Bros. Discovery backs Netflix merger while reopening Paramount talks

Warner Bros. Discovery wants to hear Paramount’s “best and final proposal” for the media company, and is opening a brief window for discussions about a bid, while also moving forward with its Netflix merger and urging shareholders to reject Paramount’s current hostile bid.

Yahoo Finance

Feb

16th

2026

18:30

B2B Tag

Day Waiver from Netflix for Paramount Talks

Netflix Grants Warner Bros. Discovery Waiver to Reopen Talks with Paramount Netflix has granted a seven-day waiver to Warner Bros. Discovery, enabling the studio to reopen takeover discussions with Paramount Skydance. This information was reported in a regulatory filing by Warner Bros.

IndexBox

Feb

16th

2026

18:30

B2B Tag

Netflix Authorizes 7-Day Waiver to Let Warner Bros. Hold Talks With Paramount

Netflix has authorized a seven-day waiver to allow Warner Bros. Discovery to hold talks with Paramount Skydance Corp., the legacy media company said in a statement on Feb. 17. Warner Bros. currently has a pending transaction with Netflix for its streaming and studio assets.

The Epoch Times

Feb

16th

2026

18:30

B2B Tag

backed Enstar Group to acquire AF Group from Blue Cross Blue Shield of Michigan.

Read on... Scroll down to read deal descriptions. Your suggestions and comments support the democratisation of M&A data. If you'd like to contribute to the future editions,drop us a line. AMERICAS Warner Bros. Discovery is considering reopening sale discussions with Paramount Skydance after receiving an amended proposal from the studio.

MergerLinks

Feb

16th

2026

18:30

B2B Tag

Wbd files definitive proxy statement and schedules special meeting for March 20, 2026, to approve the wbd-Netflix transaction

Netflix Inc: Wbd files definitive proxy statement and schedules special meeting for March 20, 2026, to approve the wbd-Netflix transaction Netflix Inc - Foreign funding behind PSKY's bid is...

MarketScreener

Feb

16th

2026

18:30

B2B Tag

Top alert-Warner Bros Discovery: gives Paramount a week to negotiate a better deal

RPT-Top alert-Warner Bros Discovery: gives Paramount a week to negotiate a better deal ... -February 17, 2026 at 07:08 am EST - MarketScreener

MarketScreener

Feb

16th

2026

18:30

B2B Tag

Warner Bros Discovery: Netflix agreed to give Warner Bros 7 days to negotiate with Paramount

Warner Bros Discovery: Netflix agreed to give Warner Bros 7 days to negotiate with Paramount ...

MarketScreener

Feb

16th

2026

10:52

B2B Tag

Warner Bros. Considers New Takeover Bid From Paramount

Multiple media reports say that Warner Bros. Discovery’s (WBD) board of directors is considering starting acquisition talks with Paramount Skydance (PSKY). The potential negotiations come after Paramount amended its hostile takeover bid for Warner Bros. Warner Bros.

Baystreet Ca

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

Example Suppliers

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