Top 5 HBO Max Movies 0:52
New York (CNN Business) --
HBO Max and Discovery+ are finally joining forces.
The long-awaited merger of the two services will debut in the US next summer before launching overseas, Warner Bros. Discovery announced Thursday during its second-quarter earnings call.
The company did not say whether the new offering would have a different name than HBO Max and did not announce the price of the new service.
Warner Bros. Discovery added that it plans to have 130 million global subscriptions to its streaming offering by 2025.
The announcement that the two services would be combined isn't exactly new.
Warner Bros. Discovery, which is also the parent company of CNN, has been open to bringing its two streaming services together since the creation of Warner Bros. Discovery this spring.
Still, it's a notable move considering the service would go on to be a huge success in scripted entertainment with HBO and in the unscripted entertainment realm with Discovery+.
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The company said that in the second quarter of 2022, HBO, HBO Max and Discovery+ had 92.1 million subscribers combined, which is 1.7 million more subscribers than the previous quarter.
The company said it would announce more information about the service at an investor event it plans before the end of the year.
Looking at the company's second quarter results, it reported $9.8 billion in revenue and a substantial loss of $3.42 billion.
Shares of the company fell after markets closed by about 12%.
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