A combined HBO Max/Discovery+ could be bigger than Disney+
Why it matters: It backs up the belief that smaller streaming services will probably need to consolidate in order to compete.
- Separately, HBO Max's market share is 10.4%, while Discovery+ is 2.1%.
Yes, but: From a pure subscriber count, HBO Max/Discovery+ would come close to 100 million, putting it around 30 million shy of Disney+.
- As of the end of 2021, HBO Max has 73 million global subscribers (including those who still pay only for HBO). Discovery has around 22 million.
- Disney+ has nearly 130 million subscribers.