Another challenger approaches. LikeDisney,CBS,Apple, andNBCbefore it, AT&T/WarnerMedia has its sights set on Netflix’s streaming video crown. The company’s new streaming service, which is expected to launch spring 2020, will be calledHBO Max, and will combine HBO’s award-winning programming slate with Warner Bros.’ vast content library, as well as a handful of original movies and television series.

That’s all well and good, but does HBO Max really have what it takes to cut into Netflix’s reign? It’s still too early to say. But if you’re already trying to figure out your streaming budget for the next year or two, we’ve stacked up what we know about the new service against it’s presumed biggest competition in a post we’ll be constantly updating as the new service approaches.

HBO Max will reportedly launch with 10,000 hours of content in its library. That sounds like a lot (and it is!) until you realize that Netflix launched almost1,500 hours of original contentin 2018 alone. Add in all of the existing Netflix originals and its catalog of third-party films and TV shows, and it’s clear which of the two has more stuff. It’s Netflix, plain and simple.

But for many people, quality, not quantity, is the deciding factor. There, things get a little trickier. As more companies launch their own streaming services, Netflix’s line-up gets smaller and smaller. Disney has startedpulling itsmajor franchisesfrom Netflix and will begin moving them toDisney+this fall.The Office, Netflix’s most-watched show, will be leaving the streamer for NBC Universal’s service in 2021.

From that perspective, HBO Max starts to look pretty good. As the name implies, HBO Max is expected to have all of HBO’s hit series and films, includingThe Sopranos, Game of Thrones,Veep,Westworld, and plenty of others. Starting in 2020, it will also be the only place where you can findFriends, which Netflix previously paid$100 millionto stream for just a year.

That’s not all. HBO Max will also contain every episode of old favorites likeThe Fresh Prince of Bel AirandPretty Little Liars, and will be the exclusive digital home for new CW series likeBatwomanand theRiverdalespin-offKathy Keene. you’re able to probably expect to see Warner Bros.’ feature films on HBO Max, too. Those could include DC Comics properties andThe Lord of the Rings, although it’s not clear how many of those will be on HBO Max at launch, or whether they’ll be exclusive to the service. HBO Max will also include content from cable channels like TNT, TBS, Turner Classic Movies, Cartoon Network, and more.

HBO Max will also leverage some of Warner Bros.’ intellectual properties with an animatedGremlinsprequel and a spin-off fromDenis Villeneuve’sDunereboot. HBO itself has some high-profile original series coming up, includingHis Dark Materials,Abrams and Jordan Peele’sLovecraft Country, andVeepcreator Armando Iannucci’sAvenue 5. ThoseGame of Thronesprequelsare moving ahead, too.

Don’t count Netflix out just yet, though. The streaming king is expected to spendalmost $18 billionon original content in 2020 alone, and it already has a number of legitimate hits in its line-up. The first wave of big Netflix originals —House of Cards,Orange is the New Black, and Marvel shows likeDaredevilandJessica Jones— might be over, but the latest season ofStranger Thingsis tearing it up.The Haunting of Hill Housefollow-up,The Haunting of Bly Manor, is on its way.The Witcher,Dark Crystal, andSpace Forceare all waiting in the wings.

In fact, in 2018, Netflix scoredmore Emmy nominationsthan HBO, breaking HBO’s 17-year streak as the most-nominated network, and tied HBO when it came tototal wins. With the rise of studio-specific streaming services, the future of Netflix’s overall library might be shaky, but when it comes to original content, Netflix has proven time and again that it knows what it’s doing.

We don’t know how much HBO Max will cost, but rumors suggest that WarnerMedia will charge around $17 a month for the service at launch.Compared to a regular HBO subscription, which tends to cost about $15, that’s a great deal.

At itsmost expensive tier, Netflix only costs $16, and that includes a 4K HDR picture and Dolby Atmos audio, which neither of the current HBO apps currently support. If HBO Max is only in HD, it matches up with Netflix’s own HD tier, which currently runs $13. Obviously, we need more information about HBO Max before reaching a final verdict, but so far it looks like Netflix might have a slight edge when it comes to price.

If you have a modern multimedia device, you’ll probably be able to watch both Netflix and HBO Max. Netflix currently supportsall major streaming devices, mobile phones and tablets, computers and web browsers, and almost every big game console (currently, there’s no Netflix app on the Nintendo Switch —not yet, anyway).

The same can be said forHBO Go and HBO Now,and it would be odd if WarnerMedia didn’t base HBO Max on its existing platforms.Still, there’s a chance that HBO Max support will be limited at launch. DC Universe, WarnerMedia’s superhero-focused streaming service, still hasfairly limited support.That’s already a niche product, though. HBO Max is going to be a much bigger deal. Netflix will probably be on more devices no matter what, but depending on how you stream, that may not matter much.

Conclusion

It’s very early days, but you can’t live withoutFriends(and, judging by the numbers, there are a lot of you out there), you can’t get enoughGame of Thrones, or you’re a DC fan who bleeds Superman blue, HBO Max is a no-brainer.

Otherwise, we need more information about HBO Max before we can make any kind of definitive decision. Given what we know, however, Netflix is still looking pretty good. HBO Max has the potential to be a great service. Netflix is already a proven, high-quality commodity. Could HBO Max beat Netflix in the battle for your hard-earned dollars? Sure — but, from the looks of things, it has its work cut out for it.