HBO Max

What HBO Max does

HBO Max is a subscription-based streaming service operated by Warner Bros. Discovery (NASDAQ: WBD), serving consumer audiences globally with a combination of premium original programming, licensed library content, and live sports. Launched in May 2020, it positions itself as a top-three global streaming platform with an estimated 120-150 million subscribers and a workforce of more than 10,000 employees headquartered in New York. The service monetizes through tiered subscription pricing (Basic with Ads at $10.99, Standard at $18.49, Premium at $22.99), promotional discounts (a 40% summer offer running through July 15, 2026), and bundled distribution partnerships across international markets.

The platform's core offering combines HBO's prestige catalog (including franchises such as Game of Thrones and House of the Dragon), Warner Bros.' film library (DC, Harry Potter), Max Originals, and live sports rights, with HBO Max claiming a leading 42% share of sports content at the individual game/event level. Distribution is multi-channel: direct-to-consumer subscriptions, telecom bundles (Verizon, Cricket Wireless), Amazon Prime Video Channels, a Disney+/Hulu bundle, and international partnerships with Sky/NOW TV (UK), Crave (Canada), JioHotstar (India), and Binge/Foxtel (Australia). Recent content milestones include 122 Emmy nominations across 21 original programs for the 78th Emmy Awards (2026) and the premiere of House of the Dragon Season 3.

HBO Max operates as a reporting segment within Warner Bros. Discovery, and its revenue is not separately disclosed in consolidated financials. The business is currently navigating a pending $111 billion merger with Paramount Skydance announced on 2026-06-11, which would create a combined streaming and content entity. Two AI-related capabilities are deployed: "Moments" contextual advertising in partnership with KERV.ai and a Versus AI-powered second-screen engagement feature.

Name

HBO Max

Legal name

Warner Bros. Discovery

Website

https://hbomax.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

HBO Max is a Warner Bros. Discovery-owned streaming platform serving 120-150 million global subscribers with HBO originals, Warner Bros. library content, Max Originals, and live sports via tiered subscriptions and distribution partnerships.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Digital Commerce or Content

Cost components

Operations, Technology or R&D, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Subscription Revenue: HBO Max generates revenue through tiered subscription plans ranging from ad-supported basic tiers to premium ad-free 4K tiers, with annual and monthly billing options. Additional revenue comes from bundle partnerships with Disney+ and Hulu.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

HBO Max is a direct-to-consumer subscription streaming platform operated by Warner Bros. Discovery, providing on-demand access to HBO original series, Warner Bros. theatrical films, licensed content across drama, comedy, documentary, and family programming, plus premium live sports including NHL, MLB, NCAA March Madness, U.S. Soccer, NASCAR, Roland-Garros, and college football. The service is offered through multiple subscription tiers (Basic With Ads, Standard, Premium) with optional bundle packaging alongside Disney+ and Hulu.

Product overview

HBO Max is a streaming platform operated by Warner Bros. Discovery offering a unified content ecosystem with multiple subscription tiers (Basic With Ads, Standard, Premium), a multi-service bundle with Disney+ and Hulu, and extensive live sports programming. The platform provides on-demand access to HBO original series, Warner Bros. theatrical releases, and licensed content spanning drama, comedy, documentary, and family programming.

Differentiator

Problem solved

Functional benefit

Products and services

• HBO Max Primary direct-to-consumer streaming platform offering on-demand access to HBO original series, Warner Bros. theatrical films, documentaries, family programming, and live sports across multiple subscription tiers ranging from ad-supported to premium 4K Dolby Atmos plans.
• Disney+, Hulu, HBO Max Bundle Multi-platform subscription bundle combining HBO Max with Disney+ and Hulu at a combined discounted price; offers savings of $14.98/month (With Ads) or $23.48/month (No Ads) versus subscribing separately. U.S. only.

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature1 record

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Sky/NOW TVcoreChannel Partner/ Reseller/ Distributor · 23 July 2026International distribution partnership for HBO Max content, with Stuart Fails to Save the Universe and other HBO Max Originals available through Sky/NOW TV in international markets alongside the HBO Max platform.
• CravecoreChannel Partner/ Reseller/ Distributor · 23 July 2026Canadian streaming platform serving as international distribution partner for HBO Max content including Heated Rivalry and Stuart Fails to Save the Universe.
• JioHotstarcoreChannel Partner/ Reseller/ Distributor · 23 July 2026Indian streaming platform serving as international distribution partner for HBO Max content in India and surrounding markets.
• Binge/FoxtelcoreChannel Partner/ Reseller/ Distributor · 23 July 2026Australian streaming partnership for HBO Max content distribution through Binge and Foxtel platforms in Australia.
• GoveeminorGTM or Marketing Partner · 22 June 2026Smart lighting company collaboration launching House of the Dragon-themed light scenes and app themes for Govee's TV Backlight product series, featuring themed presets like 'Dracarys' and 'Fire & Blood' that sync with on-screen content through camera-based color-matching system.
• Disney+ and HulucoreChannel Partner/ Reseller/ Distributor · 22 June 2026Multi-platform bundle partnership offering combined HBO Max, Disney+, and Hulu subscriptions at discounted rates. Two bundle tiers available: With Ads ($19.99/month) and No Ads ($32.99/month), allowing access to content from each service separately.
• Warner Bros. Animation and Hanna-Barbera Studios EuropecoreStrategic or Co-development Partner · 21 June 2026Production partnerships for animated content including Adventure Time spin-offs and other original animated programming on HBO Max.
• Casa BatllóminorGTM or Marketing Partner · 19 June 2026Branded experiential activation in Barcelona featuring three monumental contemporary stained-glass windows installed in the attic of Antoni Gaudí's iconic building, serving as both a physical recap of House of the Dragon Season 3 and tribute to Gaudí on centenary of his death.
• Snapchat and OUTFRONT MediaminorGTM or Marketing Partner · 18 June 2026Launch partnership for Season 3 of House of the Dragon featuring 'Crowd Created' live AR experience in Times Square with first-ever four-sided AR Mirror allowing visitors to interact with custom AR lenses and see themselves displayed live on OUTFRONT Media's Duffy Duo billboards.
• Cartoon Network StudioscoreStrategic or Co-development PartnerPartnership for Adventure Time: Bubblegum and Marceline animated spin-off series, a 10-episode straight-to-series order with veteran showrunner Adam Muto returning. Production in partnership with Warner Bros. Animation and Hanna-Barbera Studios Europe.
• Best Friend ForeverminorChannel Partner/ Reseller/ DistributorDistribution partnership for Chimney Town: Frozen in Time sequel, with HBO Max acquiring Eastern European rights to the Japanese animated feature from Studio4°C.
• NASAminorGTM or Marketing PartnerPartnership for NASA Artemis II mission coverage, with HBO Max among the entertainment platforms (including Netflix, Peacock, Amazon Prime Video) that amplified the mission's global reach through content partnerships.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Hulu: Hulu is a U.S. DTC streaming service offering next-day network TV, originals, and films, bundled with Disney+ and HBO Max. It is a direct competitor in ad-supported and ad-free premium tiers.
• Peacock: Peacock is NBCUniversal's DTC streaming service offering NBC originals, Universal films, and live sports including Premier League and WWE. It competes with HBO Max in the U.S. for premium entertainment and sports subscribers.
• Apple TV+: Apple TV+ is a premium DTC streaming service focused on high-profile originals (Severance, Ted Lasso, etc.). It competes directly with HBO Max at the prestige end of the market and is identified alongside HBO Max and Netflix as a leading streaming platform.
• Netflix: Netflix is the largest global direct-to-consumer subscription streaming platform, offering original series, films, and live events. It is the most direct competitor to HBO Max in premium streaming, serving overlapping subscriber bases with comparable subscription tiers and global reach.
• Paramount+: Paramount+ is a DTC streaming service offering CBS originals, Paramount films, Showtime content, and live sports. It is set to merge with HBO Max via the $111B Paramount Skydance deal, making it the closest near-term structural peer.
• Sling TV: Sling TV is a virtual MVPD offering live TV streaming with add-on packages including HBO Max. It is comparable to HBO Max as a subscription streaming competitor and overlaps as a distribution partner.
• Amazon Prime Video: Amazon Prime Video is a subscription streaming service with originals, licensed films/series, and live sports including NFL Thursday Night Football. It is both a competitor to HBO Max and a distribution partner via the HBO Max add-on channel.
• Disney+: Disney+ is a tiered DTC subscription streaming service offering Disney, Pixar, Marvel, Star Wars, and National Geographic content. It directly competes with HBO Max for premium entertainment subscribers, and notably participates in the Disney+/Hulu/HBO Max bundle.

Emerging players

• Crunchyroll: Crunchyroll is the leading anime-focused streaming service, partially owned by Sony. HBO Max is acquiring Crunchyroll titles as part of its anime content expansion (e.g., Junji Ito anthology), making it both an adjacent competitor and content source.

Broad incumbents

• Discovery+: Discovery+ is a DTC streaming service from Warner Bros. Discovery focused on factual, lifestyle, and reality programming. Its content was merged into HBO Max in 2024, making it a sibling platform under the same parent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hbo-max
• Xx.com/hbomax

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HBO Max