Warner Bros. Discovery, Inc. (NASDAQ:WBD) shares are trading slightly higher in premarket activity on Tuesday.
The company announced that its streaming service, Max, will launch on Nov. 19 in several Southeast Asian markets, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, as well as Taiwan and Hong Kong.
Max features Warner-owned IP, including the DC Universe, Cartoon Network, and an upcoming Harry Potter television show. It also includes programming from Discovery, TLC, AFN, Food Network, ID, and HGTV—all in one platform.
“Building on successful launches in the U.S., Latin America and Europe, Asia Pacific represents the next phase of Max’s globalization, making Max available now in over 72 markets with more to come in 2025,” said JB Perrette, CEO and President of Global Streaming & Games.
Internationally, Warner Bros. recently discontinued CNN and TNT, reflecting audience issues as cable subscribers switch to streaming, taking with them advertising sales and subscriber fees.
James Gibbons, president at Warner Bros. said, “This programming will be available in a brand new streaming app for regional audiences, with Max combining incredible breadth and depth and a best in class viewing experience.”
Max will offer a choice of different plans, the company said. Full details about pricing will be announced in the coming weeks and will vary by country and provider.
Price Action: Warner Bros. shares are trading higher by 0.13% to $7.550 premarket at last check Tuesday.
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