HBO Max will be available to JioHotstar subscribers as an add-on starting at ₹49 (about $0.50) per month, and would feature content from HBO, Max Originals, Warner Bros. Pictures, Warner Bros. Television, and DC Studios.
If the Warner Bros. Discovery deal were to close, Paramount CEO David Ellison revealed that Paramount+ and HBO Max would combine into one platform.
In a one-two punch of centibillion-dollar offers, the bidding war for Warner Bros. Discovery is over. David Ellison-owned Paramount will acquire Warner Bros. Discovery. Netflix has lost.
An investment group is trying to sway Netflix shareholders to reject the WBD deal in favor of Paramount.
However, the streaming giant is still offering the same $27.75 the companies had agreed on for WBD’s movie studio and streaming assets, and the deal continues to value the company at $82.7 billion.
Paramount has filed a lawsuit against Warner Bros. Discovery, demanding greater financial disclosure regarding Netflix’s $82.7 billion acquisition.
The studio’s board unanimously rejected Paramount Skydance’s revised $108.4 billion bid, calling the proposal a “leveraged buyout” that would saddle the company with $87 billion in debt.