Discovery hits 18 million OTT subscribers and gets ready to launch Discovery+ in Latin America

As part of its Q2 2021 financial results presentation, Discovery Inc reported that, gathering  all its streaming platforms, it features 18 million subscribers. The figure includes the entire portfolio of the company, including the international D2C products, and also Discovery+, which is about to arrive in Latin America.

The platform was officially launched last January and, days ago, its arrival in Brazil was confirmed, which is the first market in which the SVOD OTT will be available in Latin America, and will take place in September. On a global scale, Discovery reported having ended Q1 2021 with 13 million subscribers on its platforms, which rose to 15 million as of April 28th. Discovery+ monthly subscription is valued at USD 4.99 with advertising; and USD 6.99 without them.

According to David Zaslav, CEO at Discovery Inc, the company is focused on the merger with WarnerMedia (AT&T), announced months ago. The transaction is expected to be closed by 2022. ‘We are focused on one thing and one thing only. We have broad support for this transaction’, he said. ‘We have not heard any pushback. Right now, it feels to us on every level, we are seeing green lights, we are not seeing any yellow lights or red lights’, he said.

Discovery+ was originally launched in the US and Europe earlier this year. Its launch date and product news for Brazil and the rest of Latin America have not been reported yet. Months ago, Fernando Medin, President at Discovery Latin America & US Hispanic reported that Discovery’s Latin American team ‘is working with leading local and global production companies on more than 40 titles that will be released until the end of 2022 and, at the same time, time, it is developing more than 150 shows’.