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HBO Max and Discovery+ will join to create a single streaming platform, Warner Bros.

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Discovery Chief David Zaslav announced on a second-quarter earnings conference call on Thursday.

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The change is a reshuffle in the market for streaming, and HBO Max is widely seen as a promising success story.

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HBO as well as HBO Max reached an impressive 76.8 million subscribers around the world at the end of the initial quarter of the fiscal year.

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This announcement also means that employees from HBO Max and other WarnerMedia-owned brands are likely to be laid off from their jobs

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as the company cuts back on its content expenditure and removes positions considered redundant.

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Zaslav is working to reduce costs and come up with the $3 billion savings offer that he made to investors following WarnerMedia as well as Discovery Inc.

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"Batgirl" and the "Scoob!" sequels are not available via any streaming platform, nor released in cinemas.

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HBO In contrast is a specialist in high-end small-screen series such as "Westworld."

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The platform also houses an extensive library of films and TV shows that span decades including classic HBO dramas to the latest HBO