WBD raising price of Discovery Plus ad-free plan
WBD has increased the price of Discovery Plus for the first time since the service debuted in 2021.
Discovery Plus is a subscription streaming video service that contains reality-based and educational television programs. The service offers two subscription plans: One subsidized by advertisements ($5 a month) and an interruption-free version ($8 a month). The service is owned and operated by Warner Bros Discovery.
WBD has increased the price of Discovery Plus for the first time since the service debuted in 2021.
Amazon will offer an upgraded version of Discovery Plus that includes TNT Sports in the United Kingdom.
Warner Bros Discovery has lowered its 2023 profit outlook by around $500 million as twin strikes continue to impact production and distribution.
Executives are hoping to launch a live sports tier on its flagship streaming service Max in time for the Major League Baseball (MLB) playoffs, according to a report.
Warner Bros Discovery said it has just under 100 million global subscribers of Discovery Plus and Max.
A new report from Ampere Analysis says ad-supported streaming services could generate $10 billion in revenue by 2027.
The increase was attributed to more streaming coverage on Discovery Plus in 10 countries.
The new Max service is expected to launch May 23, according to a new listing on the Apple App Store.
Warner Bros Discovery posted a significant financial loss during its first quarter of the year, even as its streaming products started to earn a profit.
“Max” will simply replace the existing HBO Max app, possibly as soon as late May, according to a source.