Disney, Warner Bros. Discovery to bundle streaming services
- Disney and Warner Bros. Discovery are teaming up to bundle their streaming services.
- The offering is reminiscent of the traditional cable TV bundle and the latest partnership between the two media giants in recent months.
- Pricing is yet to be disclosed. The bundle will be available this summer.
In this photo illustration the Disney+ logo seen displayed on a smartphone screen.
The bundle is back.
Disney and Warner Bros. Discovery are planning to offer their streaming services — Disney+, Hulu and Max — in a bundle mirroring the traditional cable TV package, the companies said Wednesday.
The latest iteration of the bundle, which will be available this summer, will be offered on both the ad-supported and commercial-free tiers. Pricing has yet to be disclosed, but the option will be offered at a discount, according to a person familiar with the matter.
Disney will essentially act as the distributor in this case, collecting subscription fees from subscribers and paying out Warner Bros. Discovery a percentage, the person added.
The offering, reminiscent of the traditional cable TV bundle that has been upended in recent years and continues to bleed customers at a fast clip, is the latest partnership between the two media giants in recent months.
Warner Bros. Discovery and Disney, along with Fox Corp., have also joined forces to offer a sports streaming service, which is expected to launch this fall.
This is breaking news. Please check back for updates.