Verizon (VZ) plans to offer the ad-supported versions of both Netflix (NFLX) and Warner Bros. Discovery’s (WBD) Max streaming services for about $10 a month combined instead of about $17, people familiar with the situation told The Wall Street Journal’s Jessica Toonkel and Patience Haggin. Verizon will announce the discounted bundle in coming weeks and Netflix and Warner Bros. Discovery will have to share revenue with Verizon, though there is a minimum guarantee of revenue for the entertainment companies, the sources said.
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