Paramount+ and HBO Max subscribers could soon have access to an even wider entertainment library under one subscription, as Skydance prepares to introduce a combined streaming package in early 2027.
Skydance chairman and CEO David Ellison revealed the plan on Monday, November 9, in a letter to investors. Paramount+ and HBO Max are moving closer to becoming one streaming destination, with their parent company, Skydance, announcing plans to introduce a subscription bundle combining both platforms in early 2027.
Skydance chairman and CEO David Ellison revealed the plan on Monday, November 9, during the company’s first financial update following its acquisition of Warner Bros. Discovery. The proposed bundle will allow customers to subscribe to both streaming services through a single package, marking the first major step towards bringing the platforms together. However, the company has not yet announced the bundle’s pricing, subscription options or whether customers will eventually access both libraries through one application. Further details are expected in the coming months.
“We see a meaningful opportunity to grow reach and engagement, improve retention, and increase the revenue and profitability of our streaming services in line with or ahead of the leading competitors in the industry.” Ellison said in the letter. “Our first step toward bringing together Paramount+ and HBO Max is to offer them in a single bundle.
“Starting in early 2027, consumers will be able to subscribe to both world-class streaming services at an even greater value. We look forward to sharing more details on the bundle and our streaming roadmap in the coming months.”
The planned partnership brings together two major entertainment libraries with different strengths.
HBO Max is home to popular productions such as Game of Thrones, The White Lotus, The Last of Us and The Sopranos, while Paramount+ offers titles including Yellowstone, Star Trek, Tulsa King and a wide selection of CBS programming. Bringing both services together could give subscribers access to a broader range of films, television series, documentaries and live programming.
In his letter to investors, Ellison highlighted the opportunity to increase audience reach, improve customer retention and strengthen the profitability of the company’s streaming operations. He also pointed to a combined subscriber base of approximately 203 million across Paramount+ and HBO Max, although this figure represents the services’ aggregate subscriptions rather than a confirmed number of unique customers.
Although the early 2027 bundle represents an important development, it does not mean that both platforms will immediately disappear into a single application. Skydance has described the subscription package as the first step towards unifying its streaming services. A complete integration will require further work, and the company has not confirmed when the standalone applications might be replaced.
For now, Paramount+ and HBO Max remain separate services, with their existing subscriptions, pricing and content libraries unchanged. The acquisition of Warner Bros. Discovery by Paramount was completed on October 6, 2026, bringing both streaming platforms under the same corporate ownership.
The development could also have implications for sports audiences, particularly UFC fans. Paramount+ is the UFC’s exclusive US streaming home under the promotion’s current media-rights arrangement. With HBO and TNT Sports now part of the same corporate portfolio, there may be opportunities to expand the promotion’s programming across additional platforms.
TKO Group president and COO Mark Shapiro has indicated that discussions with Skydance are focused on maximising audience reach across HBO, TNT, Paramount+ and CBS. However, no specific changes to UFC event distribution have been announced as part of the new streaming bundle.
“We’re in conversation as we speak with Skydance about the best way to maximize audience across the Skydance platform,” Shapiro said during a TKO financial call. “We have a great partnership with the entire team there. I used to work with David Berson, who’s the head of Skydance Sports, from our days at ESPN. He’s super creative.
“We will be maximizing HBO, TNT, Paramount+, CBS, all in the name of expanding eyeballs, expanding viewership, growing audience, and increasing engagement. Fully aligned strategically with Skydance and, frankly, they made a huge investment in UFC, and we want to see that we help them maximize their returns.”
Skydance is targeting early 2027 for the launch of the Paramount+ and HBO Max subscription package.
The company has yet to reveal how much customers will pay, whether different subscription tiers will be available or when a fully integrated streaming application could arrive.
For now, subscribers can continue using both platforms separately while awaiting further announcements. The planned bundle represents a significant move in the streaming industry, bringing two major entertainment services together under one subscription offering as Skydance looks to strengthen its position against competitors such as Netflix, Disney+ and Amazon Prime Video.
