Skydance’s streaming plans center on combining HBO Max and Paramount+. By title count, though, most of the new company’s US catalog sits on Pluto TV, its free, ad-supported on-demand service (AVOD).

Skydance streams 23,401 distinct titles in the US across its four services. 17,006 of them (73%) are available only on Pluto TV, not on HBO Max, Paramount+ or Discovery+.

Yet based on activity in the Reelgood app, only 14 of the 100 most popular titles across all four services are Pluto-only.

The other 86 are on HBO Max, Paramount+ or Discovery+.

That gap matters for anyone valuing or benchmarking Skydance’s library.

Counting titles makes Pluto TV look like the center of Skydance’s streaming business. Popularity tells a different story: most of the titles people seek out are on HBO Max, Paramount+ and Discovery+.

It also sets up the question this post ends on:

Now that one company owns both the Warner library and Pluto TV, how much of that library will land on the free service?

Our data is from October 5, the day before the deal closed, so it gives a baseline for measuring what changes.

This is the third post in our series on the combined company. The first post found HBO Max and Paramount+ share just six titles, so a single service would add catalogs rather than consolidate them. The second post found Paramount+ is 30% of the combined paid catalog but carries 47 of its 100 most popular titles. This one looks at the free side.

Key Takeaways

• 73% of the titles Skydance streams in the US (17,006 of 23,401) are only on its free service, Pluto TV, but they make up just 14 of the 100 most popular titles and 390 of the top 1,000. Title count alone overstates Pluto TV’s share of attention.
• All 14 Pluto-only titles in the top 100 are TV series, even though 83% of Pluto TV’s catalog is movies.
• 18% of Paramount+ titles (351 of 1,937) are also on Pluto TV, against 4% of HBO Max titles (140 of 3,955). That gap shows how differently the two companies have used free streaming, and it is the number to watch as Skydance decides where the Warner library goes.
• The pattern is mainly a US one. In the UK, Pluto-only titles are 38% of Skydance’s 6,144 titles, against 73% in the US.

Pluto-only titles thin out toward the top of the popularity ranking

Based on activity in the Reelgood app, Pluto-only titles are:

• 39% of Skydance’s top 1,000,
• 24% of the top 500 and
• 14% of the top 100, against 73% of the full catalog count.

The more popular the titles get, the smaller Pluto TV’s share.

That matters because title count is the easiest way to size a streaming library, and here it points the wrong way.

Most of what Skydance streams in the US, by count, sits on Pluto TV. Most of what draws attention sits on the paid services.

Anyone valuing the library, benchmarking against it or deciding where to license titles should weigh the two separately.

The pattern is mainly a US one. In the UK, where Skydance also owns the broadcaster 5, Pluto-only titles are 38% of its 6,144 titles, against 73% in the US. A read on Pluto TV’s weight in the US catalog won’t carry over to UK planning.

The Pluto-only titles that do draw attention are all TV series: every one of the 14 in the top 100, led by Peep Show, Taskmaster, Fringe, Lonesome Dove, Broadchurch, Alone and Line of Duty.

That stands out because, as the next section shows, Pluto TV’s catalog is mostly movies. For anyone licensing to Pluto TV or competing with it, the film library fills the shelf, but series draw the attention.

Pluto TV is a movie library, and an older one than Skydance’s subscription services

Pluto TV carries 14,478 movies and 3,033 shows in the US, so 83% of its catalog is film.

Pluto TV content also skews older. Its median release year across all titles is 2014, against 2018 on the subscription services.

Only 21% of Pluto titles with a release year came out in the 2020s, compared with 44% on HBO Max, Paramount+ and Discovery+.

This is where Skydance keeps most of its older titles.

As our look at the combined subscription catalog found, 79% of the pre-2000 titles Skydance streams in the US are only on Pluto TV.

For licensors with older films, that makes Pluto TV the Skydance service where those titles would most likely sit, or the shelf they would compete with.

Some library titles run on both a paid service and Pluto TV, though, and that overlap looks very different for Paramount+ and HBO Max.

Paramount+ already shares 351 titles with Pluto TV. HBO Max shares 140.

351 of Paramount+’s 1,937 US titles (18%) are also on Pluto TV, including Survivor, The Twilight Zone, Criminal Minds, NCIS, Cheers and Star Trek: The Next Generation. That two-tier pattern, the same library title on a paid service and a free one, fits what we found tracing Star Trek’s US streaming windows.

HBO Max looks different.

Only 140 of its 3,955 US titles (4%) are also on Pluto TV. Warner Bros. Television series such as Fringe, Arrow and Major Crimes are on Pluto TV but none of Skydance’s paid services. Fringe is one of the 14 Pluto-only titles in the top 100, so a Warner series was already among Pluto TV’s most popular titles before the deal.

Both overlaps include titles licensed from other studios as well as each company’s own, so the gap is not a pure measure of strategy. But it does show two companies that have used free streaming in different ways.

Why the 4% is the number to watch

Until October 6, Pluto TV and the Warner library had different owners. Paramount owned Pluto TV, so any Warner title on it was licensed from Warner Bros. Discovery, a separate company. Now one company owns both.

If Skydance puts more Warner titles on Pluto TV alongside HBO Max, the way many Paramount+ titles already are, the HBO Max figure would rise from 4%. If it goes the other way, Paramount+ titles would leave Pluto TV. Either move would matter beyond Skydance:

• Studios that license titles to Pluto TV: more Warner titles on Pluto TV could leave less room for licensed ones.
• Other free, ad-supported services: Warner library titles that might have been licensed to them could stay on Skydance’s own free service instead.
• Insights and strategy teams: the October 5 figures are the pre-deal baseline. Reelgood dates every availability change to the day, so any shift from here will show.

Want to Track Skydance’s Library Moves?

We can share title-level availability across subscription (SVOD), free ad-supported (AVOD) and rent-or-buy (TVOD) services, with daily history, for the titles or studios your team follows. Email data@reelgood.com or see the data dictionary and request form.

Data: Reelgood Movie & TV Metadata & Streaming Availability Database, October 5, 2026. US services: Pluto TV (AVOD), HBO Max, Paramount+ (Premium tier) and Discovery+ (SVOD); UK adds 5. Pluto TV counts cover its on-demand library. Pluto-only = titles on Pluto TV and none of Skydance’s other services in that market. Production credits are from Reelgood metadata. Popularity rankings cover titles on all four US services, based on activity in the Reelgood app in the US, as of October 5, 2026. Release-year figures exclude titles without a release year (89 on Pluto TV, 35 on the subscription services).