Now that Paramount Skydance has overtaken Netflix following its acquisition of Warner Bros. Discovery, the move has prompted HBO and HBO Max users to wonder if this will impact their subscriptions in the long term.
According to a press release from Paramount Skydance, the company ““entered into a definitive merger agreement” on February 27, 2026 with Warner Bros. “Paramount will acquire WBD, creating a leading global media and entertainment company focused on expanding consumer choice and empowering creative talent around the world.”
CEO of Paramount Skydance David Ellison We also issued a statement that said: “From the beginning, our pursuit of Warner Bros. Discovery has been guided by a clear purpose: to honor the legacy of two iconic companies while accelerating our vision of building a next-generation media and entertainment company. By combining these world-class studios with our complementary streaming platforms and the exceptional talent behind them, we will create even greater value for audiences, partners and shareholders – and we couldn’t be more excited about what’s next.”
Find out who owns HBO Now and what it means for subscribers.
Who owns HBO and HBO Max?
Warner Bros. Discovery is the parent company of HBO and HBO Max. Warner Bros. owns Home Box Office Company. After the merger with Paramount Skydance is completed, the latter will own HBO and HBO Max.
Did Netflix buy Warner Bros?
Yes, Netflix announced in December 2025 that it was ready to acquire Warner Bros. Entertainment. In a deal worth $72 billion. However, Paramount Skydance teamed up with Netflix after a hostile takeover and eventually acquired Warner Bros. In early 2026.
Will my HBO Now subscription increase?
It’s unclear how Paramount Skydance plans to handle subscription pricing given the Warner Bros. acquisition. Still ongoing. The company plans to combine Paramount+ with Pluto and HBO.
