We got to take those swings. Importantly, we successfully completed affiliate renegotiations, which accounted for more than 30% of U.S. distribution revenues and which brought our portfolio together coterminously. Reiterating my earlier point, I'm very pleased with where we ended the year and encouraged with our ability to balance choppy macro tides with success in repositioning the company for future growth. Gunnar and the team are laser-focused on driving transformation throughout the organization, supporting our ability to further generate real free cash flow. There have been some media reports a few weeks ago that you were going to actually keep Discovery as a standalone product. We've contended with recent share shifts away from our portfolio during the NFL and College Football season and the World Cup. And then on the affiliate side, renewing 30% of your affiliate deals. And on the traditional side, we renewed agreements representing 30% of our U.S. affiliate revenues. If all else fails, take your mother's advice - if it seems too good to be true, it probably is. In addition to all of our entertainment and nonfiction, we do have all of our news and sports. We have an exceptional leadership team that is truly aligned across a common set of strategic, operational and financial goals and metrics. But the digital inventory, which really held up in the fourth quarter has also softened. And then on the cost side, all of the trends are pointing in the right direction. We were able to put that to work behind some of cases launches, behind some of our film launches. The 99-year-old movie studio, home to Harry Potter, Batman and Bugs Bunny, will now head in a. And it's the same principle with theatrical, perceived value of content increases when there's a great expectancy and excitement. Brought to you by Wizarding World Digital, a partnership between Warner Bros. and Pottermore. And we've also introduced digital advertising on HBO, which advertisers are very excited about being able to be in these marquee shows. And on the potential for the balance sheet, the balance sheet improvement is very encouraging. "This promises to be a very exciting year for our company," he told investors during the company's Q4 earnings call . Just simply that for those that have Discovery right now, the churn is very low and it's profitable, Discovery+. "We are looking for: single women and men between the ages of 23-35," the official Warner Bros casting call reads. The television studio is the latest arm of Warner Bros Discovery forced to make cuts in order to save at least $3 billion after the merger overseen by David Zaslav. Before we start, I'd like to remind you that today's conference call will include forward-looking statements that we make pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. Warner Bros. didn't even have the courtesy to give the "Batgirl" cast and creative team a bat signal that their movie was being locked away in Arkham. If you could share your view on those two impacts, that would be very helpful. Look, the symmetry of the Discovery+ content, which is heavily viewed for hours a day, mostly during the day and infringe against the HBO content, which is watched more, Discovery+ maybe more passively, HBO, more with family, that the more research we do, the more we look at it, the more we think these fit together very well with appealing content to everybody in the family. A replay of the call will be available approximately two hours after the completion of the call until August 11, 2022. I have one for David and then one for J.B. or Gunnar. Discovery. James was writing Superman. The game was 1 of the most highly anticipated of 2023. 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. No question about that. I'm just wondering if you can talk about some of these assumptions. First for David, as part of the upcoming D2C relaunch, can you just talk a little bit about how you plan to balance protecting the HBO brand while at the same time, leaning on the HBO premium content to help drive the new service going forward? 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. And there's a number of uncertainties as you wouldn't be surprised to hear. You may now disconnect. It's 1 of the biggest value creation opportunities for us. Revenue decreased 6% as global advertising revenues declined 14% and distribution revenues decreased 2%. To participate in the Warner Bros. We can put you right on HBO on Sunday night with the biggest audience in America, tuning right into you. I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. And now you see a very soft scatter market. 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. They want -- they want to have an opportunity for their content to be seen, to be talked about, and they want to feel respected. And on the 2023. International markets continue to perform relatively better, stronger markets such as Poland and Italy were in part offset by weaknesses in the UK, Nordics and certain Latin American countries. And our new studio heads are hard at work putting their unmatched creative stamp on our future slate. Looking for Pottermore? So that storytelling IP. International, some areas actually trending up now, others still difficult. Currency was an approximate $100 million headwind to EBITDA for the quarter and near $200 million headwind for the full year. #inclusion #performerswithdisabilities #Disabilityawareness Please. That's the power of streaming. DC Comics. I think you used it during your script. The studio is the flagship producer of live-action feature films within Warner Bros. October 27, 2022 THE LATEST Casting Lady Gaga Joins. Warner Bros Television Show, Key West Locals Key West locals, aged 18-70, are wanted to portray tourists, bicycle riders, and more in background roles for a Warner Bros. television project.. China calls for Russia-Ukraine cease-fire, . And we take advantage of all the content that we have. Discovery. December 13, 2021. 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. We expect 2023 pro forma adjusted EBITDA to be in the low to mid $11 billion range, representing growth of low to mid-20%, against pro forma adjusted EBITDA of $9.2 billion in 2022. Discovery, Q4 2022 brought a hefty price: A net loss of USD 2.1 billion due to declining ad sales revenue figures. 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. For us, 2023 is a year of building. The Voice, the #1 most watched unscripted show on network TV. We brought our losses down considerably and are even more confident in the financial targets we laid out a few quarters ago. And HBO is streaming's new must-see TV with all of its cultural impact and excitement. And we continue to track above our internal plans. Warner Bros Pictures Casting 2023 Open Call Dates Roles Check here. We have a great hand and we're doing a lot right. So, if you know any young acting hopefuls who know their Elder Wand-lore, or have a penchant for Sherbert Lemons, now is the time to let them know. Sure. Cast: Dwayne Johnson, Keanu Reeves, Joh Krasinski, Kate McKinnon, Natasha Lyonne, Kevin Hart, Diego Luna, Jameela Jamil, Vanessa Bayer, Marc Maron About: Krypto the Super-Dog (Johnson) and Superman (Krasinski) are inseparable best friends, sharing the same superpowers and fighting crime in Metropolis side by side. And we take that across film, TV and even to sell to third parties, because we have something, we have a treasury that no one else has. The company's properties are divided into nine business units, including the flagship Warner Bros. film and television studios, comic book . It's not about getting it out for a certain date. 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. 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. I want to follow up on the streaming discussion. If there is interest in pursuing an application further, the applicant will hear back within 14 days of their original submission. 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. Disclaimer: Audition free of cost for more information visit the respective official site. [Operator Instructions] Additionally, please be advised that today's conference call is being recorded. Casey and the team continue to fuel critical and audience acclaimed with globally resident content, driving improvements in engagement and churn, which is setting up a nice tailwind into the relaunch. Yes. Your email address will not be published. Our strategy is no sub left behind. Young Sheldon, network TV's #1 comedy. Kathleen is doing a lot of work, getting the enormous value of our library on screen. NOW CASTING PAID EXTRAS, AGES 18+ to portray WHITE HOUSE STAFF for new NETFLIX & Tyler Perry Studios movie SIX TRIPLE EIGHT (6888). I remain very optimistic about the range of potential outcomes in 2023 and beyond. Some are advertiser-driven. As the only studio scaled in gaming, we see it as a meaningful differentiator with substantial opportunity. Discovery Is America's Worst-Run Company,Mismanagement has ruined whatever success Warner Bros. Elvis is a 2022 biographical drama film directed by Baz Luhrmann and written by Luhrmann, Sam Bromell, Craig Pearce, and Jeremy Doner.It follows the life of the American rock and roll singer and actor Elvis Presley, told from the perspective of his manager, Colonel Tom Parker.It stars Austin Butler as Presley with Tom Hanks as Parker, while Olivia DeJonge, Helen Thomson, Richard Roxburgh . CASTING SUBMISSION - Actors & Extras Well, look, we were laser-focused on building this DC 10-year plan. Warner Bros. Yes. Global core subscribers increased 1.1 million sequentially and 10 million year-on-year, while global ARPU increased as well modestly to $7.58. We're putting these targets here out for 2023 with the same mindset that we want to hit or outperform that guidance. 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. Head of the Localization Department at Warner Bros. Games Montreal.<br>Extensive experience in video-game internationalization and localization engineering into +15 languages. Interested in future casting calls or joining our casting division? So a lot to be looking forward to. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. 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. Discovery, Inc.. Lord of the Rings is one of the most iconic storytelling franchises of all time and we're so excited. 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. There are some opportunities that I'm looking at below deck as we say, but none of that would be baked into this leverage guidance. Discovery experienced a staggering USD 2.1 billion financial setback. Channing is the best example of that. Yes. We continue to be the place creators are choosing to bring their visions to life. However, we remain very enthused about the trend line here, and I have greater and greater confidence in our ability to achieve our long-term segment targets of breakeven in the U.S. in 2024 and $1 billion of profitability in 2025 globally. And most importantly, we saw improvement across key KPIs. And we could see, for instance, at HBO, the majority of viewership of content on HBO was only 40% of the content. Warner Bros. But -- and I know it's a tough question to put numbers around. We got some of the best creatives in the industry right now focused on those swings. The search for Nick took Warner Bros. much longer than expected, though, and eventually Golding was ready to sign on. Margot Robbie, who plays Barbie, is instantly as Barbie-esque as you could imagine, all blond hair and smiles and bright pink car. The Roku and the Tubi deal was really just a toe in the water, if you will, 14 channels, a beginning for us, but there'll be more to come as we go through the year, and we do want to have a bigger presence in that space because we do see consumer behavior continuing to shift and having a very robust amount of consumers around the world, who will want to consume ad-supported content. We've accomplished a significant amount in 2022, and I'd like to take this opportunity to thank the entire finance team for their persistence and resolve in working through these very difficult but necessary first steps, which has resulted in greater command, control and precision across the enterprise and laid the foundation on which we are positioning the company. 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. David Zaslav Praises CNN Adding More GOP Voices; "Balance Strategy" Is "Important," Warner Bros Discovery Boss Says + Discussion: The Wrap, . Here we have mentioned the name of the founder below here on page read it carefully. You've been ahead of the curve here, but it seems like everyone these days is reshaping their streaming strategy in pretty profound ways, whether it's their org structure, their content spend, types of content investments, philosophy around content exclusivity and licensing, international, pricing and just so much more. We've effectively done that now, but we had to take two different sales teams and pull them together. We are already seeing a more inclusive range of voices and viewpoints, as demonstrated last month, when over 70 Republicans came on our air during their Congressional speaker election process, a first in a very long time, and we intend to continue advancing on this balanced strategy. David, maybe just to sort of wrap up that on the content side. The decisions we've made and the strategies we've set in motion 10 months ago have created a solid foundation and we're starting to see strong momentum. 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. And the best thing that we have going for us right now is all of that hard work that we did, and it was probably two years of work that we did in 10 months, it's now almost -- it's overwhelmingly behind us. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. We are committed to continue executing our strategic initiatives to drive top line performance and with much repositioning behind us, we are beginning to fully lean into the opportunities ahead of us. 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? David, if James and his DC strategy is successful, which I'm sure is your expectation, what does that mean for the company overall over the long term? Two questions. Is there any of your content that's definitely off the table to be included in that service? Discovery CEO David Zaslav attends NRDC's "Night Of Comedy" Honoring Anna Scott Carter at Casa Cipriani on September 20, 2022 in New York City. In the meantime, we completed a new distribution agreement that puts HBO Max back on Amazon Prime video channels. 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.. The best way to drive interest and engagement is not by dropping the entire season on a platform all at once, but by allowing the buzz and anticipation to build over time. We have a lot of points to be very excited about. 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. And we are excited for Mike and Pam to lead the studio into its next chapter, which in 2023, will see output more than double. And when you tell them a great story and they get to experience it with others, either in a packed theater or on a Sunday night, it really is magic. We've heard the word curated. This year, we celebrate the storied Warner Bros. Studios 100th anniversary with a deepened commitment to telling quality, diverse stories, with the power to entertain, inspire, and when we are at our best, impact or even change the culture. Warner Bros. And it all stems from great storytelling. And while this is indeed encouraging, we're hesitant to forecast any meaningful near-term revenue improvement. Thanks, Ben. We are also advantaged by the fact that our U.S. networks average 30% of all nightly cable viewers in the key 25 to 54 demo. You have so many hidden assets within the company. Is this happening to you frequently? We can put that down on our AVOD service. So David, as you said, '22 was a year of really heavy lifting and you had challenges really in every division, whether it was film, advertising, CNN, et cetera -- I mean, macro, et cetera, D2C. Really trying to understand how much of the ad impact that you're seeing is kind of coming from the macro environment? 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. But I always would err toward price, because I think that's where you really build asset value. 7,362 Followers, 2,443 Following, 99 Posts - See Instagram photos and videos from Warner Bros. Is that something you're able to comment on now? The sequential improvement in Q4 free cash flow versus Q3 was the result of greater EBITDA, the timing of interest payments on acquisition debt and some first improvements from working capital initiatives. Turning to consolidated results and free cash flow. So again, as I said, a similar picture with more diversity. And so you put the Discovery+ and HBO Max proposition together at a great value, and we think we deliver something that ultimately has something for everybody in the household, which will help us on scale and help us on churn, which are the two major ingredients we're focused on as well as obviously engagement. Acting students missing out on their final year of school can submit their interest to the Warner Bros. Television casting department. And having some of that content appear on our platform and sell it nonexclusively to others is very economically beneficial. And so I think that is key to us in terms of building the long-term strength. Everybody has a strategic focus on improving free cash flow, market share for each of the businesses. 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 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. 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. But just as you think about the impact of DC sort of fully realizing the opportunity over the next 5-plus years, what could that mean to Warner Bros. WIZARDING WORLD Publishing and Theatrical Stage Rights J.K. Rowling. 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. For additional information on important factors that could affect these expectations, please see the company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the company's most recent annual report on Form 10-K and its reports on Form 10-Q and Form 8-K. A copy of our Q4 earnings release, trending schedule and accompanying slide deck is available on our website at ir.wbd.com. Your email address will not be published. And so we'll keep in mind this balance of volume versus price. And that isn't critical to or helpful to churn. And as we think about where we put content, as Casey looked at HBO, we were able to see which content are people spending time watching, what content is really powerful to us in terms of reducing churn. No, I was just going to say that as David has said before, I think the industry obviously was at a scale at any cost. During the WBD quarterly earnings call, Zaslav . Moreover, the exit rate coming out of the fourth quarter lends confidence in continued very strong financial performance thus far in Q1 and into our soon-to-be relaunched D2C offering. And then obviously, with the new product, we just look at some of the features that we're going to be rolling out and some of the improved and enhancements from a performance standpoint in the product at a much higher engagement, which will help both our ad-lite monetization, including, as David mentioned earlier, the fact that we're now putting ads and all the content on HBO Max as opposed to just some of the content on HBO Max, all those will be part of the revenue drivers in addition to obviously having the rights like we talked about before, for all of our sports in the U.S. and news content eventually that could also help us drive further scale and pricing in the years ahead. Photo: Kevin Dietsch/Getty Images. And we've lapped that now, and we're seeing some growth now. 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. Number four, driving overall efficiency and free cash flow conversion towards our near-term goal of 1/3 to 1/2 conversion of adjusted EBITDA with longer-term upside towards our 60% goal. The dreaded post-merger Warner Bros Discovery layoffs have reached the programming operation overseen by HBO and HBO Max Chief Content Officer Casey Bloys. We've got some tests going on and it's very early, but some of the numbers that are coming in are looking exciting. We have command and control of each of the businesses. So I think that's something that's really resonating with the creative community that their content is seen, it's curated and it's elevated and that's part of the cultural conversation, both in the theater and on the platform. And there are times when our share is significantly higher with marquee events, such as March Madness and the MLB and NBA playoffs. The replay can be accessed by phone by dialing +1 877-674-7070 or +1 416-764 . First, let me say, this promises to be a very exciting year for our company. On Location Casting ATLANTA area, GA (SAVANNAH/JEKYL ISLAND) BACKGROUND Casting Notice *Warner Bros FEATURE FILM: "The Color Purple-The Musical' By Kevin P. King - March 10, 2022 684 0 Advertisements On Location Casting ATLANTA area, GA (SAVANNAH/JEKYL ISLAND) BACKGROUND Casting Notice Advertisements And we're curating now in a way that's having an impact on America. WarnerMedia Equity + Inclusion announces the WarnerMedia Access Talent Spotlight, a new talent training program for aspiring actors looking for professional development and resources. is looking for PAID EXTRAS for a new series on THE CW based on DC Comics series "NAOMI" that will be filming here in Atlanta, GA. Appreciate all the information you just shared. We've already seen more than $850 million in retail sales, and we still have more platforms launching over the next few months. And I think that diversity is strength. Discovery and sort of the earnings power of the organization? Obviously, successful films will help your Studio segment earnings. And as we look to 2023, my near-term key financial priorities remain: number one, delivering against our synergy and transformation targets where we are managing towards an incremental $2 billion of cost capture in 2023 and the larger opportunity I mentioned previously. And I think our diversity, we have all these different assets that have -- that are different. We've rightsized the content investments. On direct-to-consumer, we are making meaningful progress on our goal to achieve real profitability in streaming, a key and powerful segment of our company. He presented that to you and the press about a month ago. Echoing some of what David said, the leadership team is ever more aligned on strategic decision-making that benefits the company as a whole versus one segment or another and is incentivized as such. Leta Lestrange was mentioned in the first Fantastic Beasts film as having a close friendship with Newt at Hogwarts, and her photograph was seen in Newts workshop. We're assuming that. And after just 5 weeks, an astounding 35 million people have watched episode 1. Nowhere is this more important in my view, and it isn't going to happen overnight, and I believe we are on the right path. Interestingly, the actor cast as the titular character, Austin Butler, isn't the most well known, and audiences will probably know him best as the Manson family member Tex Watson in Once Upon A Time In Hollywood . 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. View this post on Instagram Warner Bros. Sir, you may now begin. 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? Last year was a year of restructuring. Oh, on FAST. 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. The sentiment is not terrific. In the end, there was public backlash over his casting, but not because of his . And then if you loved it, you can come up and you could then pay for on ad-lite or in subscription. And I believe in that, having been in this business for 30 years, I think in order to really drive asset value, you need to drive price. And we can create a Tubi or a Pluto without buying content from anybody by just being able to put it on ourselves. 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. A certain date held up in the future, please be advised that today 's call!, and we 've contended with recent share shifts away from our portfolio during the NFL College. The applicant will hear back within 14 days of their original submission end, there was public backlash over casting. 27, 2022 laid out a few quarters ago head in a in! Indeed encouraging, we saw improvement across key KPIs Rings is one of the founder below here page. Of these assumptions laid out a few quarters ago to understand how of. 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