Oct 21 (Reuters) - Warner Bros. Discovery ( WBD ) said on Tuesday it is raising prices
across all Max subscription tiers in the United States, the second increase in less than 18
months, as streaming services seek to offset higher content costs and slower subscriber growth.
HBO Max's ad-supported Basic plan will increase by $1 to $10.99 per month, while the
Standard plan rises $1.50 to $18.49. The Premium tier, which includes higher video quality and
more simultaneous streams, will jump $2 to $22.99.
The new rates take effect immediately for new subscribers, with existing customers
seeing the changes from November 20.
HBO Max last raised prices in June 2024, when major streamers such as Disney+, Apple
TV+, and Netflix ( NFLX ) all announced price increases in recent months.
The streamer, long associated with prestige programming, streams hit shows such as
"Succession," "Game of Thrones" and its spin-offs, the Emmy-winning "The Pitt" and DC
comics-based "Peacemaker."
Last month, at the Goldman Sachs Communacopia + Technology Conference, WBD CEO David Zaslav
said he thinks that HBO Max is "under priced."
"We're not trying to be everything to everybody. And the fact that this is quality, and
that's true across our company, Motion Picture, TV production and streaming quality. We think
that gives us a chance to raise price."
The price hike comes as WBD considers an outright sale following unsolicited interest from
other media companies, the company said, in what would be the latest shakeup across legacy
media.