Skydance will bundle HBO Max and Paramount+ in early 2027. Here is what is confirmed, what you pay today and what is still unknown.
As of Nov. 10, 2026, here is what is confirmed: Skydance will launch a bundle of HBO Max and Paramount+ in early 2027, according to a letter to shareholders on Monday, Nov. 9, that was released alongside its third-quarter earnings. There is no price, no exact date and no word yet on a free trial or annual plan. The company says more details are coming "in the coming months."
When does the HBO Max and Paramount+ bundle launch?
Early 2027 is as specific as Skydance has been. The letter says that "starting in early 2027, consumers will be able to subscribe to both world-class streaming services at an even greater value," as quoted by Variety. CEO David Ellison told analysts on the earnings call that the bundle is "our first step towards unifying the two services," Deadline reported. Skydance also plans an investor day in the first half of 2027, per the call transcript.
How much will it cost?
Nobody knows yet. Ellison said Skydance will "phase in new plans for pricing, with discipline and consumer feedback." Deadline notes that bundles usually come with a discount, but that is an assumption, not a promise.
What you pay today is a useful baseline. Business Insider lists HBO Max at $10.99 a month with ads and $18.49 for the standard ad-free plan, and Paramount+ at $8.99 with ads and $13.99 ad-free. That works out to about $20 a month for both with ads, or $32.48 ad-free. Check both apps before you rely on those numbers, since prices can change at any time and we have not confirmed them on the services' own pages.
What would you get?
Ellison named a handful of shows a subscriber could see across a few months: Harry Potter, The Pitt, Mayor of Kingstown, Landman and A Knight of the Seven Kingdoms. He also pointed to sports on the Paramount side, including the NFL, UFC, Champions League and March Madness, plus pay-one movies from Paramount, Warner Bros. and A24. Variety describes the mix this way: HBO Max leans on premium drama and talk shows, while Paramount+ has the CBS schedule, the Yellowstone-style dramas and Star Trek.
The combined services reach 203 million subscribers worldwide, per the company. Skydance also says Pluto TV, its free ad-supported service, has roughly 75 million monthly active users and already runs on the Paramount+ tech platform.
What is not confirmed?
- The price, the launch month and whether there will be a one-bill option for current subscribers.
- Whether the existing HBO Max bundle with Disney+ and Hulu continues. Variety says Skydance did not answer, and Ellison suggested the company would look at whether such deals create value for shareholders.
- Whether the two brands will survive. Ellison has said before that the long-term plan is to bring them together, and on Monday he said Skydance aims to move both onto one tech stack in roughly a year.
- Any change to the content you can watch today. Nothing in the letter says shows will leave either service.
What should you do right now?
Nothing, really. If you pay for both, don't cancel on the strength of a bundle with no price. If you only have one, wait for the actual number. Reuters adds that the bundle is an interim step while the company works toward merging the services, so the first version is probably not the final product.
Our take: this is analysis, not reporting. A bundle announced with no price is a signal to investors more than a deal for viewers. The detail worth watching is the tier structure. If the cheapest combined plan still carries ads and costs close to the roughly $20 you would pay separately, the savings will be small. A real discount would have to come from the ad-free tier, where the separate prices add up to $32.48. We will update this when Skydance names a price.
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Picture credit: Logos: HBO Max, Paramount+. Design: Savvy VibeZ
