New Delhi, March 2 -- In one of the biggest developments yet in the rapidly consolidating streaming industry, HBO Max and Paramount+ are set to combine into a single streaming platform following Paramount's planned acquisition of Warner Bros. Discovery.

The move signals a major shift in how entertainment companies are responding to rising costs, intense competition and slowing subscriber growth across the global streaming market.

The merger of the two services is tied to Paramount Skydance's roughly $110 billion deal to acquire Warner Bros. Discovery, a transaction expected to close later in 2026 pending regulatory approvals and shareholder consent. Once completed, the companies plan to unify their streaming operations while maintaining...