Another streaming platform is coming (and your deal is a billionaire)

A huge streaming platform is coming that Netflix wants to overtake

The new rival of Netflix and Disney + will be Warner Bros., CNN, Discovery Channel, and even HBO.

HBO will be one of the channels available on the platform

AT&T, one of the largest telecommunications companies in the United States, has joined Discovery to create a new streaming platform that is expected to become the new rival of Netflix and Disney +.

The merger between the two companies is valued at $ 43 billion (€ 35 billion) and will bring together different studios such as Warner Bros. and AT&T channels such as Cartoon Network in the same location. HBO, CNN, Discovery Channel, and even existing streaming platforms like HBO Max and Discovery +.

According to the companies, this new service will compete in the fast-growing global streaming market, promises to “invest in more original content from its streaming services” and “bring more innovative video experiences and options to consumers”.

This new platform will also support the growth of the youngest HBO Max, which already includes all of the AT&T services. The transaction is expected to close in 2022, but is still pending regulatory approval and is also dependent on shareholders. In Portugal, it is confirmed that HBO Portugal will switch to HBO Max in the coming months, although it is not yet certain what fundamental changes will be made to the platform.

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