Will HBO Max be replaced? Warner Bros Discovery promises new app in 2023

Will HBO Max be replaced? Warner Bros Discovery promises new app in 2023

Warner Bros and Discovery are merging to form a new streaming service. But don't worry, HBO Max is not dying.

However, HBO Max might just be replaced next year by a new service.

Come summer 2023, Warner Bros streaming service will combine with Discovery+ to be one platform.

The media companies swung to a $3.42 billion loss in the second quarter, partly due to the recent merger.

Stocks plummeted to as much as 9%.

HBO Max pulled back on releasing 'Batgirl' and 'Scoob!: Holiday Haunt' to cut costs.

However, Warner Bros. and Discovery will slash $3 billion worth of costs and distribute those savings into streaming content.