HBO Max is owned by Warner Bros. Discovery, a major media and entertainment company. Warner Bros. Discovery is the parent company that operates HBO Max as part of its streaming and studios division, alongside the Warner Bros. film studios and DC Comics franchise. This ownership reflects the result of the merger between WarnerMedia and Discovery, which formed Warner Bros. Discovery. Recently, Warner Bros. Discovery decided to split into two separate entities, with one focused on streaming services including HBO Max, while the other will manage television networks like CNN and TNT.