Warner Expands HBO Max with CJ ENM Streaming Partnership

By ValueTheMarkets

Oct 16, 2025

1 min read

HBO Max will host Korean streamer TVING across Asia Pacific in early 2026, expanding Warner Bros. Discovery’s regional reach with new co-produced Korean content.

#What Happened

Starting in early 2026, Warner Bros. Discovery, the owner of HBO Max, will host CJ ENM’s streaming service TVING as a branded content hub in multiple Asia Pacific markets, including Southeast Asia, Taiwan, and Hong Kong. The collaboration will bring TVING’s library and new original Korean dramas, scripted and unscripted programs to HBO Max, while the two companies will co-invest and co-produce new K-drama series for global distribution.

#Why It Matters

For investors, this signals Warner Bros. Discovery’s strategic push to deepen its footprint in Asia’s fast-growing streaming market. By layering locally relevant Korean content into HBO Max’s offering, the company may attract more regional subscribers, raise engagement, and strengthen its competitive position amid OTT rivals. However, execution risk, licensing constraints, and regional differences in consumer preferences remain key considerations.

#What to Watch Next

Monitor HBO Max’s subscriber growth, ARPU, and retention in the target Asian markets after the hub launch. Track rollout of new K-drama titles, and whether marquee Korean originals perform strongly. In upcoming earnings, look for region-level guidance, content investment disclosures, and metrics tied to the CJ ENM deal.

#Quick Take

This partnership underscores Warner Bros. Discovery’s aggressive Asia expansion via Korean content — a high-potential move that could bolster investor confidence, if the execution and local uptake go well.

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