I'm confident that we will get there, particularly with some of the operational and content-driven initiatives implemented by Kathleen Finch and her team. First, let me say, this promises to be a very exciting year for our company. We met with 186 of the top leaders in -- for a week in early January. The 99-year-old movie studio, home to Harry Potter, Batman and Bugs Bunny, will now head in a. No previous acting experience is necessary, but applicants need to be eligible to work in the UK (meaning they must be a UK, Irish or EU passport holder), and be available for filming between August and November 2017. It's the backbone of what we're doing, and we'll keep investing. [Operator Instructions] Our first question comes from Jessica Reif Ehrlich with Bank of America. And one of the tenets is we're not going to launch any content before it's time. Let me start with the second. The reality is the market is evolving so dynamically that what we are doing is as 1 team, looking at all the different windows and what our real asset is having actual distribution assets in almost every form of media, whether it be linear television, on-demand television through streaming, games, theatrical distribution, free-to-air, pay TV. These outcomes will reflect an incremental $2 billion of synergy and transformation efficiency capture, while additional puts and takes to consider include positive revenue inflection in D2C, the broader release slate at Warner Bros. Pictures and Games, balanced by cyclical advertising headwinds. In recent weeks, we signed new deals with a number of the most prolific and celebrated creatives in the industry, including Greg Berlanti, Baz Luhrmann, M. Night Shyamalan, Akiva Goldsman and Zach Cregger with more to come. On the 12th, we'll lay out to you, we have a clear attack plan, where we'll drive this really across the country and into markets around the world with conviction. Action & adventure 2008 2 hr 32 min English audio (and 13 more) PG-13 CC Buy or rent Christian Bale and director Christopher Nolan reunite following their blockbuster success with Batman. WIZARDING WORLD Publishing and Theatrical Stage Rights J.K. Rowling. We haven't done a Superman movie in 10 years. Yes. In terms of the market itself, it's -- as I've said before, it's not a good environment. And so I think of the investments that you make in live sports content on Turner, live content on CNN, are those types of things definitely are or they structurally not able to be put on the service? So a lot to be looking forward to. Yes, that's one important ingredient. Casting Calls Georgia On Location Casting ATLANTA BACKGROUND Casting Notice *Warner Bros FEATURE FILM: "The Color Purple-The Musical' By Kevin P. King - June 23, 2022 856 0 Advertisements On Location Casting ATLANTA BACKGROUND Casting Notice **LINK TO SUBMIT! And curating content so that people can watch it and have a shared experience is a very big piece of the Warner Bros. And we're curating now in a way that's having an impact on America. And once we establish this funnel, then we can take things like the first season of succession or the second season. No, the only thing I would add is from the perspective of cyclical versus secular, there's no doubt. I want to follow up on the streaming discussion. Discovery to Report Fourth Quarter 2022 Earnings: Listen Live on February 23, 2023 at 4:30 p.m. Taking a step back here, though, I mean, the reason why -- one of the reasons why we carved out the linear business, the network business is, one, separate segment is to be completely transparent about where those trends are moving. We must get it right. MACON RUSH CALL BACKGROUND Casting Notice *Warner Bros FEATURE FILM: "The Color Purple-The Musical' LOCATION: Macon, GA By Kevin P. King - April 7, 2022 487 0 Advertisements On Location Casting *RUSH CALL* - TODAY! Good afternoon, and welcome to Warner Bros. Netflix Reality Series Audition 2023 Casting Calls. You also hear a bigger discussion around how you decide when something should be exclusive to your platforms and when maybe you should be licensing. I'm just wondering if you can talk about some of these assumptions. Table of Contents And while this is indeed encouraging, we're hesitant to forecast any meaningful near-term revenue improvement. You're going to see us fighting at Warner Bros. on the Motion Picture side, in order to really -- I think there's a huge opportunity on the Warner Bros. Motion Picture side for investment in quality content and storytelling. And we've got a time-tested approach to cross promotion, and we're adjusting that right now to the larger portfolio and the larger number of assets that we're promoting. Discovery and sort of the earnings power of the organization? We believe in it because we believe we have the best menu of content, the best portfolio, the best quality. And as I've said before, net-net, that's not a segment where I would expect a sustained revenue growth. It's 1 of the biggest value creation opportunities for us. And now you see a very soft scatter market. It gives a huge advantage with those tent poles. Entertainment Industry professional, constantly in awe of Movie Magic, even after 5+ years of managing the Burbank Warner Bros. We have Channing and her team right now with the #1 or #2 show on almost every platform in America where we're selling to all of our -- to our peers in the business. As always, we are not managing this company for short-term financial performance, but rather with the next 100 years of this vibrant creative organization in mind. Discovery might have had. And we continue to track above our internal plans. The casting of a young Leta would suggest that her character might have a bigger role in the sequel. And for us, DC alone will be -- could and should be a game changer. I believe we've barely begun to scratch the surface in terms of the potential here, and I'm excited about the benefits as this cascades throughout the organization. And on the traditional side, we renewed agreements representing 30% of our U.S. affiliate revenues. That is what we're tracking in our system today, specific initiatives with associated direct financial impact, responsible owner and detailed milestone plans. And at the end of the day, the consumer is at a point in time where they want more choice and better breadth of choice from fewer services, because they just don't have either share of wallet to be able to spending on five, six, seven services anymore. Brought to you by Wizarding World Digital, a partnership between Warner Bros. and Pottermore. Anyone under 18 must ask a parent or guardian to send the application. It's about the sustainability and the longevity the free cash flow being delivered by that segment. Discovery Inc. is suing Paramount Global, saying its competitor aired new episodes of the popular animated comedy series "South Park" after Warner paid for exclusive rights. And to that point, I have no doubt that we have years and years of that coming our way. And I think our diversity, we have all these different assets that have -- that are different. These shows have averaged as many as 20 million viewers in episode with strong week-over-week growth. But it's -- we're not going to tell any story before it's done. Do your homework, find out if the casting call is legit, find out who the casting director is for the show or movie and make sure everything matches up. The poor actors and directors of the . Discovery. Warner Bros. Is that -- it sounds like you guys have, on the one hand, a lot of new programs, a lot of new movies and a lot of new initiatives; but at the same time, pulling some content on the floor. An unrepentant Zaslav turned up on Thursday to bask in the afterglow of positive quarterly financials: $6 billion in debt repaid since the merger, a combined 1.7 million new subscribers to HBO Max . We've gone through a couple of the puts and takes here. In today's increasingly dynamic and a crowded media environment, the best hand has great storytelling IP, brilliant creatives, a full slate of production and distribution capabilities, and broad global reach that stretches across premium, pay TV, free-to-air, theatrical, streaming, licensing and gaming, the entirety of the ecosystem, and that is exactly the hand that we have, and we intend to play it decisively and with a focus on free cash flow and an eye towards sustainable future growth. Note that merger and integration-related cash costs totaled nearly $150 million in Q4 and nearly $800 million for the year, in addition to a nearly $350 million headwind from securitization and factoring since the closing of the deal in early April. We took bold decisive action over the last 10 months and the bulk of our restructuring is behind us. Discovery CEO David Zaslav said the retooling of CNN 'isn't going to happen overnight.'. And then on the cost side, all of the trends are pointing in the right direction. This doesn't yet reflect the $1 price increase on the ad-free retail tier in the U.S. that was implemented in January and which has been digested quite well. Having said that, as we face this next upfront, which is coming up in two months, I think the breadth of our content together with where we go in on price, positions us very well. We're also excited for the release of 4 DC films this year, starting with Shazam in 2 weeks and followed by The Flash, which James Gunn called 1 of the greatest superhero movies ever made, a masterpiece. (Photo by Santiago Felipe/Getty Images) We can put you on HBO on a Sunday or Monday night, where it's must see streaming TV or we could have to we've launched your movie. I'll just take a swing at it, Gunnar, you can follow. We're also thrilled by what we're seeing coming out of our games business, which represents a core part of our overall strategy. BURBANK, Calif. Due to the unprecedented global pandemic caused by the novel Coronavirus, Warner Bros. Television's Casting department launched a unique virtual "Actors in Training" initiative this summer designed to connect the Studio with emerging actors who may have had their final year of dramatic training curtailed or negatively impacted These statements are made based on management's current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results to differ materially from our expectations. So there was 60% that was hardly being viewed. Warner Bros. TV Group chairman Channing Dungey, in a memo to employees, explains cuts that will lead to the loss of 125 positions (including 43 vacant slots) - 26% of the division's total workforce. On FAST, look, the strategy is, I think, back to some of the questions earlier, at the end of the day, one of the advantages we feel like we have is the question keeps coming up about windowing. Join the Fan Club and bring your traits with you. Turning to consolidated results and free cash flow. The other point that is front or set up for us is curation. WarnerMedia Equity + Inclusion announces the WarnerMedia Access Talent Spotlight, a new talent training program for aspiring actors looking for professional development and resources. We also signed fast content deals with Roku and Tubi, adding to these popular platforms, hundreds of our TV shows and movies, while maximizing the reach and overall value of our content. Sep 2, 2021 Seeking young performers for Nickelodeon's nationwide (US and Canada) Performers with Disabilities Open Call! Thank you, Jessica. And so selling that to drive free cash flow and to nourish the overall segment, so that we, as a media segment, can be successful is important. And regarding the linear affiliate renewals, as we've said a couple of times that we're very happy with how those discussions went, is a clear testament to the importance and the value that our network portfolio is delivering to our affiliates. I'm especially happy about the development in our D2C segment, where we delivered a marked improvement across a number of key operational KPIs leading to a healthy sequential improvement to financial performance. Discovery, ensuring it will remain as the exclusive Australian home of HBO, Max Originals, Warner Bros. and Discovery programming. We have storytelling and games with Hogwarts, which is really off to a tremendous start for us. Discovery experienced a staggering USD 2.1 billion financial setback. filming in Atlanta, GA. COVID TEST: TUESDAY JANUARY 10, 2023 FILM (1 DAY BOOKING) - WEDNESDAY JANUARY 11, 2023 RATE: $175/12 (DAILY) + $25 COVID This company every year give up the chance for new talents. Stay tuned for more to come on this front. We've been hard at work since our last call and look forward to updating you on our progress. But as David said, we've got sports and news that today are really untapped in the streaming world, and those are optionality for what we might be willing to do in the future, and we'll share more of that on the 12th with you with more detail. On the news side, we are fighting hard and making real progress. For us, 2023 is a year of building. Casting Australia (@warnerbroscastingau) The studio is looking for young people to play five new roles in the film, including teenage incarnations of Newt Scamander, Leta Lestrange, Gellert Grindelwald and Albus Dumbledore. So that storytelling IP. The only other thing I'd add, Ben, is for us, it's not just a question of subscriber scaling. Use the form below to submit your basics and we'll reach out to you when the next big film casts! It comes after HBO and HBO. And on the 2023 outlook, look, it's early in the year. I am proud of what we achieved in 2022 against the targets we set out in the summer and against an increasingly challenging environment in the second half of the year, and I'm proud of the momentum we have built exiting the year. As you look out to '23, I think Gunnar kind of touched on some of the potential tailwinds, but it sounds like you're walking away from close to $12 billion in EBITDA to maybe low to mid-$11 billion in EBITDA. And then if you loved it, you can come up and you could then pay for on ad-lite or in subscription. We work, grow and create world class content in one of the biggest, busiest studio lots in the industry, as well as at countless studios, sets and offices around the globe. Channing is the best example of that. Yes. Though like in the U.S., we're being mindful about overall visibility in regional, macro and political influences. Yes. We'll definitely -- we're definitely planning for revenue improvement. If you have an ad-blocker enabled you may be blocked from proceeding. We have an unusual situation. And we've also introduced digital advertising on HBO, which advertisers are very excited about being able to be in these marquee shows. WBD 15.42 +0.67 Warner Bros. And we could see, for instance, at HBO, the majority of viewership of content on HBO was only 40% of the content. Discovery CEO David Zaslav wants to redeem his predecessors' failure to rival Disney with its library of intellectual property through an unprecedented focus on tentpole events. Importantly, we successfully completed affiliate renegotiations, which accounted for more than 30% of U.S. distribution revenues and which brought our portfolio together coterminously. Warner Bros. Television Group has more than 110 shows currently in production across our own platforms as well as third-party broadcast, cable and streaming outlets, including Emmy Winners, Ted Lasso and Abbott Elementary. We're assuming that. Obviously, successful films will help your Studio segment earnings. During the fourth quarter of 2022, Warner Bros. That's not the point. Warner Bros. And we are still in the early stages of bringing this comprehensive portfolio together and harnessing all that it can deliver. Yes. It's not about getting it out for a certain date. Participants must be fully vaccinated for COVID-19 and show proof of vaccination. And I think there was a lot left on the table. This company every year give up the chance for new talents. Discovery is a storytelling company and we are very fortunate to have a huge share of the most beloved and globally recognized storytelling IP in the world, including Harry Potter, Game of Thrones, Superman, Batman, Lord of the Rings, and we intend to take full advantage of these one-of-a-kind franchises across our various platforms. We said starting last August, we believe in profitable scale. Today, I'm thrilled to announce that Mike and Pam signed a deal to make multiple Lord of the Rings movies. And I think I just only add go ahead. And the newest hits, Night Court on NBC and Shrinking on Apple TV. We've got some tests going on and it's very early, but some of the numbers that are coming in are looking exciting. David Zaslav Praises CNN Adding More GOP Voices; "Balance Strategy" Is "Important," Warner Bros Discovery Boss Says + Discussion: The Wrap, . In an increasingly challenging environment, we were able to deliver over $3.3 billion of reported free cash flow in 2022, a healthy conversion, notwithstanding significant merger and integration-related expenses. And consistent with our overall commitment to great storytelling, we delayed the launch to get it right. The casting of their teenage incarnations as well as those of Newt and Leta will be sure to intrigue Harry Potter fans, and drive further speculation about the next films story. What's in there for upside, which is something that you didn't really talk about that much, but it's new? Webcast. It's just too early to really call a trend change here. Studio. Faith Wood-Blagrove beat thousands of other young actresses to the role of Modesty in Fantastic Beasts, and Evanna Lynch was chosen for the part of Luna Lovegood out of 15,000 other young women following open casting in 2006. The long-term earnings and free cash flow generation potential of this company are stronger than ever, particularly after having taken some courageous and crucial first steps this past year. Well, look, for us, the market right now, our focus is building a best-of-class product and putting all of our content together and so that it's easy to consume and that people are aware of all the different content that we have. And later down the road, we're also obviously going to start looking at new market launches, again. Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. We have a lot of points to be very excited about. #inclusion #performerswithdisabilities #Disabilityawareness And so we are a storytelling company. The advertising environment in the U.S. remains very . Warner Bros. The scatter market overall is very slow, I would say, steady to maybe a little bit better than it was in the fourth quarter. That is exactly what we see happening at HBO. I remain very optimistic about the range of potential outcomes in 2023 and beyond. Yes. December 13, 2021. We want to tell the best stories, share them with the broadest audience possible, and we do that by working together as 1 team, 1 company. Margot Robbie, who plays Barbie, is instantly as Barbie-esque as you could imagine, all blond hair and smiles and bright pink car. Discovery Is America's Worst-Run Company,Mismanagement has ruined whatever success Warner Bros. We're committed to creating shows that people really want to watch, and they also want to experience them with other people. Or is that something that might fuel that service? The product will offer compelling content for every member of the household. China said on Monday (local time) it sought dialogue and peace for Ukraine despite US warnings that Beijing might be considering weapons supplies for its ally Russia's bogged-down invasion. How much do you feel like is more reflective of some of the underlying trends that just have to do with ratings declines or core cutting and those types of trends? Discovery, Inc. ( NASDAQ: WBD) Q4 2022 Earnings Conference Call February 23, 2023 4:30 PM ET Company Participants Andrew Slabin - Executive Vice President, Global Investor. Chris Licht and the team are focused on building an asset for the long term across cable and digital that is worthy of that great global brand. If you could share your view on those two impacts, that would be very helpful. Q&A session is now closed, which concludes today's conference. We definitely are planning for an inflection on the revenue side. This is some of the most recognized and beloved storytelling IP in the world, and we're excited to tell even more of those stories. I'll talk more about that in a minute. Number two, partnering with our business leaders to embrace a more rigorous analytical framework through which capital allocation decisions will be viewed, particularly as we refine how our content is monetized and windowed. But -- and I know it's a tough question to put numbers around. Well, one of the big advantages that we have, Brett, is that we have this diversity of content. Let me start with the second question. But curation, creating content at a time when people can watch it, creating a community conversation. And then there was a lot of content that just wasn't being viewed. Warner Bros. How to Get Cast On How to Get Cast in a DC Comics Movie or TV Show This guide will answer your most pressing questions. This phenomenon can go for eight, 10-plus weeks for each series. And we were able in the upfront to drive price significantly more than all of our peers. CNN stands as a premier global news organization, and we wanted to be the place for fact-based reporting and thoughtful discourse that is broader than politics and sport. . Kathleen is doing a lot of work, getting the enormous value of our library on screen. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City.It was formed after the spin-off of WarnerMedia by AT&T, and its merger with Discovery, Inc. on April 8, 2022.. Is there -- what are you considering? Q4 revenue growth of 6% against the 12% decrease in combined operating expenses led to a significantly reduced EBITDA loss of roughly $200 million, a $500-plus million improvement year-over-year, notwithstanding a largely content-driven 6% increase in cost of revenue. HBO and HBO Max Hit with 70 Layoffs at Warner Bros. And the response from consumers has been overwhelmingly positive. But we -- I believe that we have an overwhelming advantage in the marketplace with the IP that we own, but to take -- to get that advantage, we have to create great content with that IP. Warner Bros. is a global leader in all forms of entertainment, from movie and TV screens to mobile devices, store shelves and beyond. But in addition, we want to run this company to drive free cash flow and the ability to monetize a lot of the content that isn't critical to subscriber growth. Two questions. We have command and control of each of the businesses. Again, creating shows that people want to watch. We've already seen more than $850 million in retail sales, and we still have more platforms launching over the next few months. In answering that question, you reiterated something you'd said before, which was an intent to fold the Discovery content into the new product. And Brett, just to be clear, the Discovery content would still be available on the bigger relaunched combined product. As expected, performance was negatively impacted by lower TV licensing revenues against a very tough comp last year, something well face again in the first quarter of 2023. Well, look, we were laser-focused on building this DC 10-year plan. Here we have mentioned the name of the founder below here on page read it carefully. During the WBD quarterly earnings call, Zaslav . 7,362 Followers, 2,443 Following, 99 Posts - See Instagram photos and videos from Warner Bros. If you look at The Last Of Us, it was growing every week, Euphoria, to be able to deliver 20 million, 30 million, 35 million people in America watching and to have it be a conversation. And so we're feeling more and more confident about that. So we have a best -- we have all this work that we've done to build this platform will be taken, so that to the benefit of all of our subscribers on all of our different products. And so effectively, whether you want to look at content for free, you want to look at with edge, you want to look at you want a premium that we -- you would have all that opportunity with us, and it makes sense because we have the largest TV and motion picture library in the world. In addition to all of our entertainment and nonfiction, we do have all of our news and sports. In providing projections and other forward-looking statements, the company disclaims any intent or obligation to update them. And HBO is streaming's new must-see TV with all of its cultural impact and excitement. Please disable your ad-blocker and refresh. Looking ahead within the Studio, 2023 will be a pivotal year, particularly behind our larger and broader release slates at both Warner Bros. Pictures and DC, not to mention a wonderful start with Hogwarts Legacy on the game side. Head of the Localization Department at Warner Bros. Games Montreal.<br>Extensive experience in video-game internationalization and localization engineering into +15 languages. from casting calls to the lure of the red-carpet award season. That's what we're looking to primarily deliver. We're excited about JV's product relaunch in the second quarter, but those are uncertain factors that's very early in the year. ET Follow HBO Max Go to Site Follow HBO Go to Site Follow Warner Bros. Go to Site Follow HGTV Go to Site Follow Discovery Go to Site Follow discovery+ Go to Site Follow CNN Go to Site Follow TBS Go to Site Follow Food Network But the other key is that we have the largest TV and motion picture library and we're the biggest producer of quality content in the world. 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