ESPN.com has learned that HBO and Showtime are preparing to make a big move in the TV world.
HBO and Netflix are expected to launch new subscription streaming services, with Showtime being the first of these companies to launch.
The new companies will reportedly offer a “multi-channel” streaming service similar to the HBO Now and Showtime Go services.
This would give HBO and the new companies a big presence in the cord-cutting arena.
HBO’s first service is the HBO Go, which offers a free HBO app for Android and iOS devices and a limited number of movies and TV shows.
Netflix’s next launch is the Netflix Original series, which will debut in October.
The HBO Now service has been available since June 2016, but it is available on only a handful of Apple TV devices.
The HBO Now app offers a selection of HBO programming, including original series and movies.
While the HBO service is available to most people on an Apple TV, a large number of people who have an Apple X device and have HBO Go on the device will need a cable subscription to watch HBO Now.
A recent report from The Wall Street Journal said HBO and its content partners were working on a new HBO service, and sources familiar with the situation said the service was set to launch in 2018.
Netflix has been trying to build a large library of original programming, and the company has already signed deals with HBO and HBO Now for exclusive content.
But there has been a lack of content since HBO and other premium streaming services have launched, and a new service could fill the gap.
In the end, HBO and Amazon will likely be able to pull off a deal that is far more profitable for HBO than what Netflix and HBO will be able do with a similar deal with HBO Now or a similar bundle with Amazon Prime.
For the full story, read this ESPN.org article: H/T to ESPN, who have more information.