Disney and Warner Bros. are teaming up to offer a bundle of their streaming services, including Disney+, Hulu, and Max, to customers in the US starting this summer. The package will be available to subscribers on all three platforms, with options for plans with or without advertisements, although pricing details have not yet been disclosed.
The move aims to address increasing competition from streaming rivals like Netflix and Amazon Prime Video. Warner Bros Discovery executive JB Perrette stated that this new offering is expected to attract more subscribers and enhance retention rates.
As traditional TV viewership declines, companies like Disney and Warner Bros. are striving to attract more subscribers to their streaming platforms. The combination of Disney+’s family-friendly content and Warner’s Max, which includes HBO’s more adult-focused shows, is anticipated to provide a comprehensive entertainment solution for consumers.
This collaboration follows a trend in the streaming industry where companies join forces to offer bundled services. For instance, in February, Walt Disney’s ESPN, Fox Corp, and Warner Bros Discovery announced plans for a new sports platform launching in the fall.
Disney’s recent quarterly financial results revealed a significant increase in Disney+ subscribers globally, with over six million new subscribers added between January and March, excluding India. The streaming service now boasts more than 117 million subscribers, highlighting its importance for Disney’s future growth.
Furthermore, Disney plans to implement a password crackdown initiative starting in the summer to further boost subscriber numbers. Bundling streaming services can simplify payment for consumers and potentially reduce costs, addressing concerns about the growing number of streaming subscriptions.