Paramount Skydance Corporation plans to achieve $6 billion in cost savings over the next three years following its acquisition of Warner Bros. Discovery.
The company expects to save at least $2.2 billion through corporate overhead and real estate cuts. It also targets $1.4 billion in technology savings and $1 billion in marketing savings.
Paramount+ and HBO Max will launch as a bundled streaming service in early 2027. The platforms have about 203 million subscribers globally. The bundle will be the first step toward fully integrating the services, with the company aiming to complete the technology integration within a year of launch.
The savings and streaming integration are intended to help manage debt from the Warner Bros. acquisition and strengthen the company’s position in the streaming market. Paramount Skydance expects to realize about 30% of the total savings in the first year.