Paramount+ and HBO Max Bundle Planned for Early 2027

A bundle offering Paramount+ and HBO Max is planned for early 2027, Skydance CEO David Ellison said in a letter to shareholders on November 9, 2026. The company said subscribers would be able to access both streaming services for a single price and promised further details in the coming months.

Skydance has described the bundle as part of a broader plan to bring the services together. Ellison has said they would initially continue to operate separately, with bundling among the nearer-term steps toward combining them.

The announcement came after Skydance completed its $110 billion merger with Paramount and Warner Bros. Discovery in early October. The company said pro forma third-quarter revenue—calculated as if the businesses had merged on January 1, 2025—was up 15% from a year earlier.

Skydance also expects continued growth in direct-to-consumer revenue in the fourth quarter. By 2030, it expects a meaningful majority of revenue and profit to come from streaming and studios rather than television, amid ongoing declines in linear viewing and advertising.