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  3. Media & Entertainment
  4. HBO Max
HBO Max logo
Media & Entertainment

Who Owns HBO Max?

HBO Max is owned by Warner Bros Discovery (NASDAQ: WBD), a publicly traded American media conglomerate headquartered in New York City. The streaming service launched as HBO Max in May 2020, was rebranded to Max in 2023, and reverted to HBO Max on July 9, 2025. WBD reported 122.3 million streaming subscribers as of Q1 2025 and targets over 150 million by end of 2026.

Parent Company

Warner Bros. Discovery

Founded

2020

Status

Publicly Traded

Headquarters

New York City, New York, USA

mid rangepremiumGlobalOfficial Website

Who Owns HBO Max?

  • Parent Company: Warner Bros. Discovery
  • Ownership Type: Subsidiary
  • Company Type: Publicly Traded
  • Stock Ticker: NASDAQ: WBD
BrandParent CompanyOwnership Type
HBO MaxWarner Bros. DiscoverySubsidiary

Where to Buy

Disclosure: We may earn commission from purchases
AmazonHBO Max on Amazon

History of HBO Max

  • Founded: 2020
  • Founders: WarnerMedia (internal development)

HBO Max launched on May 27, 2020, under WarnerMedia (then owned by AT&T). The service was a successor to HBO Go and HBO Now, AT&T's earlier streaming efforts. HBO Max combined HBO's premium programming with WarnerMedia's broader library, including Warner Bros films, DC Entertainment properties, and licensed content like Friends and The Big Bang Theory.

The launch coincided with the COVID-19 pandemic, which accelerated streaming adoption worldwide. HBO Max capitalized on locked-down audiences seeking entertainment. In 2021, WarnerMedia made the controversial decision to release all Warner Bros films simultaneously in theaters and on HBO Max, a strategy that drew criticism from filmmakers and theater owners but boosted subscriber acquisition.

The April 2022 merger of WarnerMedia and Discovery, Inc. created Warner Bros Discovery. The new management, led by CEO David Zaslav, reversed several WarnerMedia strategies. The same-day theatrical release model was abandoned. Several films and series were removed from the platform to reduce content costs and tax liabilities, a decision that generated significant media attention and subscriber frustration.

In May 2023, WBD rebranded HBO Max as simply "Max." The name change dropped "HBO" from the streaming brand to signal that the service was not just HBO content but also included Discovery's reality and lifestyle programming from networks like TLC, Food Network, and HGTV. Casey Bloys acknowledged at the time that the previous strategy aimed to "be something for everybody" and compete directly with Netflix, an approach he admitted was "incredibly expensive."

The Max rebrand drew mixed reactions. Some industry analysts questioned removing the most recognized brand name in premium television. The social media account for the streaming service posted "These rebrands are trying to murder me" in its bio on X (formerly Twitter), capturing the public sentiment.

By 2025, WBD's streaming business had gained significant momentum. Q1 2025 results showed 122.3 million subscribers, beating Wall Street expectations, with 5.3 million subscribers added in the quarter. Streaming revenue grew 8% to $2.7 billion, and adjusted EBITDA reached $339 million. The company had turned around streaming profitability by approximately $3 billion over two years.

On May 14, 2025, at WBD's upfront presentation, Zaslav announced that Max would revert to HBO Max. The decision was based on consumer research showing that subscribers associated the HBO name with unique, premium content. Bloys said the research showed subscribers wanted "HBO programming, scripted dramas, comedies, documentaries, the pay-one movies, library movies, and basically the Warner Bros. TV library." The rebrand took effect on July 9, 2025, ahead of the Emmy nominations announcement on July 15. Max.com redirected to hbomax.com, and app store listings were updated.

About Warner Bros. Discovery

What does Warner Bros. Discovery own?
Warner Bros. Discovery owns Max (streaming service), HBO, Warner Bros. film and TV studios, DC Comics, CNN, Discovery Channel, HGTV, Food Network, TLC, Animal Planet, TNT, TBS, Adult Swim, Cartoon Network, Eurosport, and numerous other media brands. In June 2025, the company announced a plan to split into two companies: Warner Bros. (streaming/studios) and Discovery Global (linear networks).

Is Warner Bros. Discovery splitting up?
Yes. In June 2025, Warner Bros. Discovery announced a plan to separate into two independent publicly traded companies: Warner Bros. (streaming, studios, HBO/Max, DC Comics) and Discovery Global (linear TV networks including CNN, HGTV, Food Network, and TNT Sports). The split is expected to complete in mid-2026 and is structured to be tax-free.

What is Warner Bros. Discovery's annual revenue?
In FY2024, Warner Bros. Discovery reported revenue of approximately $39.3 billion, a 4.8% decline from FY2023. The company reported a net loss of approximately $11.5 billion, primarily due to a $9.1 billion non-cash goodwill impairment charge on its linear TV network assets.

Who is the CEO of Warner Bros. Discovery?
David Zaslav serves as President and CEO of Warner Bros. Discovery. He previously served as CEO of Discovery, Inc. before the 2022 merger and has led the combined company since its formation.

When was Warner Bros. Discovery formed?
Warner Bros. Discovery was formed on April 8, 2022, through the merger of WarnerMedia (which AT&T had acquired as Time Warner in 2018 and subsequently spun off) and Discovery, Inc.

What is Max?
Max is Warner Bros. Discovery's flagship streaming service, launched in May 2023 as a rebranded and combined version of HBO Max and Discovery+. Max offers HBO's premium scripted drama alongside Discovery's factual and lifestyle content. The service reached approximately 116 million global subscribers in 2024 and achieved full-year profitability in 2024.

  • Founded: 2022
  • Headquarters: New York, New York, USA
  • Company Type: Publicly Traded
  • Stock: NASDAQ: WBD
  • Revenue: approximately $39.3 billion (FY2024)
  • Employees: Approximately 35,000

Visit Warner Bros. Discovery website

View full company profile for Warner Bros. Discovery

Where Is HBO Max Made / Based?

  • Headquarters: New York City, New York, USA

HBO Max Categories & Tags

StreamingVideo On DemandEntertainmentWarner BrosHbo

HBO Max Sustainability & Ethics

HBO Max's environmental footprint is primarily tied to data center energy consumption and content production. Warner Bros Discovery has stated commitments to reducing greenhouse gas emissions and increasing renewable energy use across its operations, including streaming infrastructure.

WBD has implemented green production practices for original content, including waste reduction on sets and renewable energy use during filming. However, specific carbon footprint data for the HBO Max streaming platform has not been publicly disclosed. The energy consumption of streaming services is inherently difficult to attribute to individual platforms, as it depends on device usage, network infrastructure, and data center efficiency.

No independent third-party certifications for streaming-specific sustainability claims have been publicly documented for HBO Max. WBD publishes corporate sustainability reports, but HBO Max-specific environmental metrics are consolidated within the parent company's disclosures.

Awards & Recognition

HBO Max programming, competing under the HBO/Max label, has received numerous Emmy and Golden Globe nominations. HBO's legacy of critical acclaim, including series like Game of Thrones, The Sopranos, and True Detective, carries over to the streaming platform. Max Originals have also received award recognition.

The return to the HBO Max name was timed ahead of the July 15, 2025 Emmy nominations announcement, ensuring that the platform's awards presence would be under the HBO Max brand. HBO has historically been the most awarded network at the Emmy Awards.

Specific award counts for HBO Max original programming change annually. The platform's content has been recognized by the Television Academy, the Hollywood Foreign Press Association, and various critics' organizations. These awards reflect the quality of HBO and Max Originals programming rather than the streaming technology itself.

HBO Max Recalls & Controversies

Content Removals (2022-2023): Following the Warner Bros Discovery merger, WBD removed several films and series from HBO Max to reduce content costs and take tax write-downs. Titles removed included original films like Batgirl, which was completed but never released, and several animated series. The decision drew significant criticism from creators, fans, and industry observers. WBD defended the moves as necessary financial decisions during the merger integration. Some removed content was later licensed to free ad-supported streaming services. The controversy subsided as WBD shifted strategy toward content investment rather than removal.

Max Rebrand Confusion (2023): The May 2023 rebrand from HBO Max to Max generated consumer confusion and criticism. The move dropped "HBO," the most recognized brand name in premium television, from the streaming service. The official Max social media account posted "These rebrands are trying to murder me" in its bio, acknowledging public frustration. The rebrand was reversed two years later when the service reverted to HBO Max on July 9, 2025.

Technical Issues During High-Demand Launches: HBO Max experienced technical problems during major content launches, including crashes and buffering during popular series premieres. These issues were particularly notable in the service's early years. WBD has since invested in platform infrastructure improvements, and technical complaints have diminished as the platform matured.

International Content Variations: HBO Max's content library varies significantly by country due to licensing agreements. International subscribers have expressed frustration that they cannot access the same content available in the United States. WBD has been working to standardize its global content offering as it expands internationally, but licensing constraints remain a challenge.

Brands Owned by Warner Bros. Discovery

Adult SwimMedia Entertainment

Adult Swim

Owned by Warner Bros. Discovery

Late-night programming block and cable network on Cartoon Network, featuring animated comedy and live-action programming for adult audiences, owned by Warner Bros. Discovery.

televisionanimationcable-network
Animal PlanetMedia Entertainment

Animal Planet

Owned by Warner Bros. Discovery

American cable television network focused on wildlife, animal behavior, nature documentaries, and animal-related reality programming.

wildlifeanimalsnature
BoomerangMedia Entertainment

Boomerang

Owned by Warner Bros. Discovery

American cable television network owned by Warner Bros. Discovery, broadcasting classic and contemporary animated programming from the Warner Bros. and Hanna-Barbera libraries. Available in approximately 26 million U.S. households.

animationclassic-cartoonschildren
Cartoon NetworkMedia Entertainment

Cartoon Network

Owned by Warner Bros. Discovery

American cable television channel specializing in animated programming, owned by Warner Bros. Discovery. Cartoon Network is assigned to the Discovery Global spinoff entity following WBD's 2025 announcement to split into two companies.

animationcable-televisionchildrens-media
CNNMedia Entertainment

CNN

Owned by Warner Bros. Discovery

American multinational news-based television channel and flagship property of Warner Bros. Discovery's CNN Worldwide division. WBD announced plans in June 2025 to split into two companies by mid-2026, with CNN to be housed in the "Global Networks" company.

newscable-newstelevision
DC ComicsMedia Entertainment

DC Comics

Owned by Warner Bros. Discovery

American comic book publisher and entertainment intellectual property brand owned by Warner Bros. Discovery (NASDAQ: WBD). Founded in 1934, DC Comics holds approximately 25.8% of the US comic book market share and owns characters including Superman, Batman, and Wonder Woman.

comic-bookssuperheroesentertainment
View all brands owned by Warner Bros. Discovery

HBO Max Ownership: Pros & Cons

Advantages

  • +Access to HBO's premium scripted content, one of the most acclaimed libraries in television
  • +Warner Bros film catalog provides theatrical releases and library titles
  • +WBD's international expansion is accelerating subscriber growth
  • +Streaming profitability has improved by approximately $3 billion over two years
  • +Clear content strategy focused on what subscribers value most

Considerations

  • -Multiple name changes (HBO Max to Max to HBO Max) have created brand confusion
  • -Positioned as an add-on service rather than a Netflix replacement
  • -Content library varies significantly by international market
  • -WBD corporate debt from the merger constrains content investment
  • -Planned corporate split in 2026 may create operational uncertainty

Frequently Asked Questions About HBO Max

Sources & Further Reading

  • Warner Bros Discovery Press Release: Max to Become HBO Max -
  • Reuters: Warner Bros Discovery Revives HBO Max Branding -
  • Variety: HBO Max Returns as Max Name Changes -
  • Hollywood Reporter: Warners Is Changing Max's Name Back to HBO Max -
  • Forbes: HBO Max Name Returns After Rebranding -
  • Warner Bros Discovery Investor Relations -
  • HBO Max Official Website -
  • Nasdaq: Warner Bros Discovery (WBD) -
  • Emmy Awards -
  • Wikidata: HBO Max -

Competitors to HBO Max

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
HBO MaxHBO MaxSister Brand
Warner Bros Discovery
USA
2020
PremiumGlobalAll-ages
BritBoxBritBox
Bbc
United Kingdom
2017
Mass marketGlobalAll-ages
Disney+Disney+
Disney
USA
2019
Mass marketGlobalAll-ages
HuluHulu
Walt Disney Company
USA
2007
Mass marketGlobalAll Genders
Paramount+Paramount+
Paramount Global
USA
2021
Mass marketGlobalAll-ages
Prime VideoPrime Video
Amazon
USA
2006
Mass marketGlobalAll-ages

Learn More About Competitors

HBO MaxMedia Entertainment

HBO Max

Owned by Warner Bros. Discovery

American subscription video on-demand streaming service offering content from HBO, Discovery, Warner Bros., and other Warner Bros. Discovery properties. Rebranded from Max back to HBO Max in summer 2025. Reached 140M+ subscribers in Q1 2026, targeting 150M by year-end.

streamingvideo-on-demandentertainment
BritBoxMedia Entertainment

BritBox

Owned by British Broadcasting Corporation (BBC)

British television streaming brand split between BBC Studios' international service and ITV's integrated UK offering.

streamingbritish-televisionentertainment
Disney+Media Entertainment

Disney+

Owned by The Walt Disney Company

American subscription streaming service owned by The Walt Disney Company, providing access to Disney, Pixar, Marvel, Star Wars, and National Geographic content.

streamingvideo-on-demandentertainment
HuluMedia Entertainment

Hulu

Owned by The Walt Disney Company

American subscription streaming service offering on-demand video and live TV, owned by The Walt Disney Company through its Disney Streaming subsidiary.

streamingvideo-on-demandentertainment
Paramount+Media Entertainment

Paramount+

Owned by Paramount Skydance Corporation

American subscription streaming service owned by Paramount Skydance Corporation (NASDAQ: PSKY). Launched in 2021 from CBS All Access.

streamingvideo-on-demandentertainment
Prime VideoMedia Entertainment

Prime Video

Owned by Amazon.com Inc.

Subscription-based video streaming service offering movies, TV shows, and original content as part of Amazon Prime membership.

streamingvideo-on-demandentertainment

Competitive Analysis

Market Positioning: HBO Max competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to HBO Max

Looking for brands with different ownership structures? These similar brands are not owned by Warner Bros. Discovery, giving you alternative choices that support different corporate structures.

Matador RecordsMedia Entertainment

Matador Records

Owned by Beggars Group

American independent record label founded in 1989 by Chris Lombardi, known for releasing music by Pavement, Interpol, Belle and Sebastian, Queens of the Stone Age, Yo La Tengo, Snail Mail, and boygenius. Part of Beggars Group since 2002, led by President Patrick Amory with uninterrupted ownership by Lombardi, Gerard Cosloy, and Amory for over 25 years.

record-labelindependent-musicamerican-label
Privately Owned

Matador Records is privately owned, unlike HBO Max which is under a publicly traded parent company.

Discovery ZoneMedia Entertainment

Discovery Zone

Owned by Discovery Zone, Inc.

American indoor entertainment center chain featuring arcade games, climbing walls, and family attractions.

arcadeentertainmentfamily-entertainment
Privately Owned

Discovery Zone is privately owned, unlike HBO Max which is under a publicly traded parent company.

ReelShortMedia Entertainment

ReelShort

Owned by Crazy Maple Studio

Short-form mobile drama app developed and controlled by Crazy Maple Studio, in which COL Digital Publishing holds a large minority stake.

streamingshort-dramamobile-entertainment
Privately Owned

ReelShort is privately owned, unlike HBO Max which is under a publicly traded parent company.

4ADMedia Entertainment

4AD

Owned by Beggars Group

Influential British independent record label founded in 1979, known for a distinctive visual aesthetic and a roster spanning Cocteau Twins, Pixies, The National, and Grimes.

record-labelindependent-musicbritish-label
Privately Owned

4AD is privately owned, unlike HBO Max which is under a publicly traded parent company.

Among UsMedia Entertainment

Among Us

Owned by InnerSloth

Multiplayer social deduction game developed by InnerSloth, released in 2018, in which players work together to complete tasks while identifying impostors.

social-deductionmultiplayer-gameindie-game
Privately Owned

Among Us is privately owned, unlike HBO Max which is under a publicly traded parent company.

Arista RecordsMedia Entertainment

Arista Records

Owned by Sony Music Entertainment

American record label founded in 1974 by Clive Davis, now owned by Sony Music Entertainment, specializing in pop and R&B music.

record-labelmusicpop
Privately Owned

Arista Records is privately owned, unlike HBO Max which is under a publicly traded parent company.

Warner Bros. Discovery Stock Information

Jobs at Warner Bros. Discovery

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team