The possible shutdown of HBO Max is raising new questions across the streaming industry.
Following the acquisition of Warner Bros. Discovery by Paramount Skydance in March 2026, analysts believe HBO Max could be closed by the end of 2027. The plan is to merge the platform with Paramount+ to create a larger streaming service.
The combined platform could reach more than 200 million direct-to-consumer subscribers. David Ellison, chairman and CEO of Paramount Skydance, said the move could help the company compete with the biggest streaming platforms.
However, experts say the process will not be simple. Streaming analyst Dan Rayburn said merging two major services requires major technical work and planning, which could take years.
Rayburn also warned that layoffs could happen as companies reorganize teams and technology systems during the merger.
There are still many uncertainties about the deal. The merger between Paramount Skydance and Warner Bros. Discovery has not yet been fully finalized and could face regulatory challenges.
For now, HBO Max and Paramount+ remain separate platforms. But the future of popular shows and franchises on both services could depend on how the merger unfolds in the coming years.
