HBO Max and Paramount+ are combining into one streaming service

HBO Max and Paramount+ are combining into one streaming service, but details about how exactly it'll work are still a little thin.

Paramount CEO David Ellison spoke about his plans for the platforms during an investor call on Monday, with the announcement that his company has fended off Netflix in its bid to purchase Warner Bros. Discovery.

"We will combine the streaming portfolios of the two companies into one stronger platform over the coming years," Ellison said. "Across the two platforms...