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'Warner Bros. Discovery has confirmed it will merge its Max and Discovery+ services into one streaming platform next year.<br>During a quarterly earnings call on Thursday, CEO David Zaslav said the combined services will be launched next summer, with a release planned for Latin America, Europe and other markets through 2024 as the company hopes to reach 130 million subscribers by 2025.  <br>The new Subscription Video on Demand (SVOD) service will include the full libraries of both streaming platforms and have ad free, ad-lite and a free-with-ads versions.<br>'With respect to streaming, our main priority right now is launching an integrated SVOD service,' Zaslav said during the call. <br>'Once our SVOD service is firmly established in the market, we see real potential and are exploring the opportunity for a fast or free ad-supported streaming offering that would give consumers who do not want to pay a subscription fee access to great library content, while at the same time serving as an entry point to our premium service.' <br>But as he touted the new services, which does not have a name yet, Zaslav remained quiet about the company's plan to find $3 billion savings that will result in layoffs. <br> Warner Bros. Discovery CEO David Zaslav, pictured, confirmed the merge of the HBO Max and [http://bodyteam12.com Kinogo] Discovery+ services into one streaming platform next summer<br> HBO Max, which has 73.8 million subscribers, will see it's library merge with Discovery+<br> Warner Bros. executives did not say what the new streaming service would be named, but the new platform will have ad free, ad-lite and a free-with-ads versions<br>The melding of the two services, following the completion of Discovery's $43 billion acquisition of AT&T's WarnerMedia in a deal announced in May 2021, had long been anticipated. <br>The merger comes as a number of other cost-cutting measures appeared to be coming into force including a shock announcement of the scrapping of the $90 million DC Batgirl girl film.<br>Other signs of 'distress' have also occurred with the shuttering of productions and removing content in search of tax write-offs.<br> RELATED ARTICLES <br><br><br><br>Share this article<br>Share<br><br><br>HBO Max is also said to have discreetly removed six original films from the streamer. <br>'Everyone in Warner Bros. Discovery is nervous at the moment, and [they're] starting to look at alternative job options in case they get the axe,' an insider told .<br>'Sounds like they're not doing HBO Max scripted shows anymore with HBO taking over, so less scripted shows overall.' <br>'All I know is they're folding HBO Max into HBO, and there will be redundancies,' they added. <br>The redundancies are said to be the prime source for the coming layoffs, something Zaslav and other company executives have had practice with before when they shut down the long-shot CNN+ streaming service a day into its launch. <br> The Batgirl film has been 'canned' by Warner Bros. after spending more than $90m on the movie because studio executives want to move away from made-for-streaming projects <br>Under previous chief executive Jason Kilar and partly as a pandemic response, the studio implemented day-and-date releases in 2021, opening films simultaneously in theaters and on HBO Max. <br>Films, like 'Batgirl,' were to be produced solely for HBO Max.<br>Warner Bros. had committed to making movies that could go straight to HBO Max, as part of an effort to boost subscribers in the increasingly crowded streaming sector.<br>The decision, which was driven partially by a need to bypass Covid-hit theaters in 2021, was not popular among creatives and appears to have been rolled back after the tie-up with Discovery.<br> Warner Bros. Discovery's stock fell by more than 31 percent from its [https://www.medcheck-up.com/?s=initial initial] price in April<br> In that same period, Netflix saw huge losses as the stock fell by 36 percent. Over the last six months, the stock is down more than 42 percent<br> Paramount, which operates its own streaming service, saw its stock drop by 30 percent since April. It's stock is currently down more  than 15 percent since February <br>This year, Warner Bros. has returned to exclusive theatrical windows for at least 45 days before sending movies to HBO Max. <br>Zaslav said the company would shift its focus on attracting top-tier storytellers for its TV and film projects and commit to theatrical releases, where more money can be made. <br>'That's why most people got in this business — to be on the big screen when the lights went out,' Mr. Zaslav said. 'That is the magic, and the economic model is much stronger.' <br>The change comes as streaming services have seen lackluster performances in Wall Street, with Warner Bros. Discovery's stock down more than 31 percent from its initial price of $25.50 in April. <br>Within that same time, Netflix saw its stock plummet by about 36 percent, with Paramount's stock also seeing a drop of about 30 percent.  <br><br><br><br><br>data-track-module="am-external-links^external-links"><br>Read more:<br><br><br><br><br><br>DM.later('bundle', function()<br>DM.has('external-source-links', 'externalLinkTracker');<br>);'