Discovery Is Trying to Buy HGTV to Create a $3 Streaming Service

Discovery is close to buying the parent company behind HGTV, The Food Network, The Travel Channel, and more. It is being reported by the New York Times that Discovery is in the final stages of buying Scripps Networks in an effort to help fight off declining profits in the face of cord cutting.

Discovery is hoping to grow its lineup so it can launch its own $3 to $4 a month TV streaming service. This all comes from a source that talked with Bloomberg.

From sources close to the idea, it looks like Discovery wants to create a service that will let non-cable subscribers pay Discovery directly and get access to most, if not all, its channels. This is similar to how HBO and Showtime now offer their own streaming services HBO NOW and SHOWTIME.

Discovery has for some time also been trying to team up with other content providers such as Viacom to launch a $20 streaming service that would be free of sports. Recently Charter did launch such a service. If you have Charter Internet you can subscribe to a sports-free $19.95 a month service (with a $7.05 broadcast TV fee for locals).

Would you subscribe to a $3 a month Discovery streaming service? Leave us a comment and let us know what you think.

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