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Skydance plans to offer HBO Max and Paramount+ together in early 2027 as it pursues at least $6 billion in savings following its acquisition of Warner Bros. Discovery. The plans, outlined alongside its first earnings report since the deal closed, show how the company intends to bring its streaming businesses and corporate operations closer together.
For viewers, the proposal would put two major services in one subscription offer. For investors, the savings target is part of a larger integration effort at a company carrying more than $80 billion in debt, according to the Los Angeles Times.
There is an important distinction in the financial report: although it is the first issued after the acquisition, the third-quarter results cover Paramount Skydance alone. Warner Bros. Discovery’s results were excluded because the transaction closed on October 6, 2026, after the quarter ended.
What the bundle means for streaming viewers
Skydance says the planned package will give customers greater value than subscribing to HBO Max and Paramount+ separately. The company did not disclose the bundle’s price, exact launch date or markets.
The services bring different programming to the offer. HBO Max carries shows including The White Lotus, Game of Thrones and The Sopranos. Paramount+ includes originals such as Tulsa King, along with programming connected to CBS, Nickelodeon and Comedy Central.
Skydance has described the bundle as an initial step toward bringing the services together, rather than the arrival of a fully unified streaming product. It aims to align their backend systems within a year of the acquisition closing, work intended to support a unified offering. That technical target is not a launch date for a combined service.
The distinction matters for subscribers weighing the early-2027 offer: a single bundle does not by itself establish what a future combined app or service will look like. Skydance says it intends to phase in new pricing plans as it moves toward a unified offering, taking consumer feedback into account.
The company has experience with a streaming integration. Bringing Pluto TV together with Paramount+ took about 18 months, and Skydance is aiming for faster backend alignment this time. It plans to draw on that earlier experience and its combined technology team.
HBO Max has also been available in a bundle with Disney+ and Hulu. Skydance did not say whether it would end other bundles involving its services, so the new offer should not be read as a confirmed replacement for those arrangements.
Where the savings are expected to come from
Skydance has targeted at least $6 billion in synergies within three years, and executives have indicated they want to exceed that figure. The plans reach well beyond streaming, touching corporate offices, marketing, technology and vendor management.
The largest identified category is corporate overhead, real estate and facilities, where Skydance expects to save at least $2.2 billion. Its plans include reducing overlapping corporate roles and consolidating office space.
It also expects $1 billion in marketing savings, $1.2 billion from technology and $1.4 billion from procurement and vendor management. Together, the four categories add up to at least $5.8 billion of the stated minimum target.
The marketing plan includes using the company’s own platforms for more promotional work, while the technology savings are tied to bringing systems and products together. Workforce reductions are expected, though their scale and timing remain unclear. Skydance also sees opportunities to save on content while continuing to expect annual content spending of $30 billion.
The financial figures released with the plan provide a starting point for judging Paramount Skydance’s performance, rather than a full accounting of the newly combined business. The report showed third-quarter revenue of $7 billion and adjusted earnings before interest, taxes, depreciation and amortisation of $1 billion.
Paramount+ revenue grew 21% in the quarter, while average revenue per user rose approximately 14%. That growth preceded both the Warner Bros. Discovery acquisition and the planned bundle; it does not measure how the two services will perform together.
Skydance also plans an investor day in the first half of 2027. Both that event and the planned bundle fall within the period when the company expects to be working toward its broader savings and streaming-integration goals, although the plans do not establish which will come first.
