Skydance to Bundle Paramount+ and HBO Max Starting Early 2027

Skydance plans to launch a bundled Paramount+ and HBO Max subscription as soon as early 2027, the company said Monday in a letter to shareholders. The announcement is one of the first major moves since Skydance completed its acquisition of Warner Bros. Discovery.

"Starting in early 2027, consumers will be able to subscribe to both world-class streaming services at an even greater value," the company said in the letter. "We look forward to sharing more details on the bundle and our streaming roadmap in the coming months."

What does the bundle change for viewers?

The single-price offer would unite two services with sharply different programming identities. HBO Max carries prestige drama — "House of Dragons," "Lanterns," "Game of Thrones," "The Sopranos" — along with the recent hit "Euphoria" and talk shows from Bill Maher and John Oliver. Paramount+ takes a more meat-and-potatoes approach, anchored by the "Yellowstone" suite of dramas, the CBS schedule, and programming tied to Nickelodeon and Comedy Central, plus originals such as "Landman," "Lioness" and the "Star Trek" franchise series.

In practical terms, one subscription would deliver both "Tulsa King" and "The White Lotus" at a single price. Skydance has not disclosed pricing or a launch date more precise than early 2027.

Why Skydance is combining the two catalogs

The bundling is seen as a key maneuver to make the company more competitive with Netflix, Disney+ and Amazon's Prime Video. Those rivals already offer vast catalogs or bundled ecosystems, and the combined HBO Max–Paramount+ library would span prestige drama, live-adjacent CBS programming, family content and franchise sci-fi under one roof.

Skydance said it would share more details on the bundle and its broader streaming roadmap in the coming months, leaving open questions about pricing tiers, advertising options and how the two apps might integrate.

What happens to existing bundles?

Skydance did not say whether it would end other bundles that use the same properties. HBO Max has for some time been offered in a bundle with Disney's streamers, Disney+ and Hulu. The fate of that arrangement — and of any existing Paramount+ partnerships — remains unaddressed.

The early-2027 timeline gives Skydance roughly a year and a half to resolve those questions, set a price and persuade subscribers of two very different services that a single bill covers both worlds.