While visibility remains limited, we are seeing revenue trends very modestly improving sequentially in certain pockets. 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. 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. I'll talk more about that in a minute. We have an unusual situation. So those candidates who are interested must have checked the companys full details. And with that, I am pleased to turn the call over to David. And it is shared -- the platform itself for Discovery+ will be a shared platform. company's most recent annual report on Form 10-K and its reports on Form 10-Q and Form 8-K. with that, I am pleased to turn the call over to David. We have the largest maker and seller of content in the world, and while we've got lots more to do, we are increasingly seeing positive traction and strong proof points. "We are looking for: single women and men between the ages of 23-35," the official Warner Bros casting call reads. He presented that to you and the press about a month ago. 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. 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. It gives a huge advantage with those tent poles. We said starting last August, we believe in profitable scale. Oh, on FAST. We've already seen more than $850 million in retail sales, and we still have more platforms launching over the next few months. December 13, 2021. Though like in the U.S., we're being mindful about overall visibility in regional, macro and political influences. In addition to all of our entertainment and nonfiction, we do have all of our news and sports. And I think that diversity is strength. The Last Of Us, for example, grew its Sunday premier night viewership by about 1 million with each episode over the first 4 weeks. Consistent with what we told you last August, we are getting ready to launch our combined streaming service here in the U.S. in a few months with Latin America to follow later this year and markets in EMEA and APAC in '24. We believe in it because we believe we have the best menu of content, the best portfolio, the best quality. 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. Can you talk a little bit about the revenue outlook for D2C? 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 Is there any of your content that's definitely off the table to be included in that service? 53 min read Participants Andrew T. Slabin; EVP of Global Investor Strategy; Warner Bros. Studio Tour Hollywood invites you to celebrate the enduring legacy of the iconic Super-hero on Batman Day, Saturday, September 17, 2022. . Discovery, Inc. (NASDAQ:WBD) Q4 2022 Earnings Conference Call February 23, 2023 4:30 PM ET, Andrew Slabin - Executive Vice President, Global Investor Strategy, David Zaslav - President and Chief Executive Officer, Gunnar Wiedenfels - Chief Financial Officer, Jean-Briac Perrette - Chief Executive Officer and President, Global Streaming and Interactive. Warner Bros. We've rightsized the content investments. And to that point, I have no doubt that we have years and years of that coming our way. Disclaimer: Audition free of cost for more information visit the respective official site. 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.. We haven't done a Superman movie in 10 years. Yes. 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. And to that end, we are now confident in a path to at least $4 billion of savings largely addressable through 2024, representing an increase of $500 million over our prior estimate. I do believe, as JB said, and we do believe, as a company, that we'll sort of recreate this -- the streaming service, which is ad free, then which -- then there'll be ad-lite. China calls for Russia-Ukraine cease-fire, . So I was hoping you could just give us your most updated thoughts, so we kind of have that framework for assessing the new product when you rolled out on April 12. Her Barbie looks like a version of Robbie's Sharon Tate, or. Our next question SP1 Comes from Robert Fishman with SVB MoffettNathanson. 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. But I also think we're very well positioned to grow from here. That is exactly what we see happening at HBO. Aug 9, 2022, 8:40 AM. Presentation. The fourth quarter marked the end of a first and very defining chapter for Warner Bros. 4 talking about this. And we have high hopes for all of these metrics after the combined product launches to further improve. Brought to you by Wizarding World Digital, a partnership between Warner Bros. and Pottermore. 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? Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. In Harry Potter and the Deathly Hallows, readers learned that Albus and Gellert were once friends, before becoming arch-rivals. And we're able to align our networks on a coterminous basis with these distributors. It's not about getting it out quick. We've effectively done that now, but we had to take two different sales teams and pull them together. Casting call: Warner Brothers feature film "The Curious Incident of the Dog in the Night-Time" by admin Seeking a neurodivergent actor to play lead role The Curious Incident of the Dog in the Night-Time is a Warner Bros. feature film expected More details on the decision to have Wonder Woman 1984 debut in theaters and on HBO Max at the same time have been revealed, and it turns out there's a good reason for handling the sequel this way. A number of your competitors have cut back on the total amount that they're spending on cash content in '23 versus '22. And there are times when our share is significantly higher with marquee events, such as March Madness and the MLB and NBA playoffs. And having some of that content appear on our platform and sell it nonexclusively to others is very economically beneficial. 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. 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. Sir, you may now begin. 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. Turning to Networks. 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! Discovery to Merge Streaming Services James Gunn, and Peter Safran were Appointed to Be Executives of DC Studios 'Stranger Things' Caleb McLaughlin Says He Wants to Place 'Static Shock' Margot Robbie on Lady Gaga Cast to Play Harley Quinn in 'Joker 2' And most importantly, we saw improvement across key KPIs. And we're curating now in a way that's having an impact on America. During the WBD quarterly earnings call, Zaslav . Content alone is really only half of the equation. This information is only for educational purposes use. We repaid $1 billion of debt during Q4, bringing the total debt repaid since the closing of the transaction to $7 billion, and we ended the quarter with $49.5 billion gross debt and nearly $4 billion of cash on hand, implying net leverage just below 5x. 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. 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. That's what we're looking to primarily deliver. Having said that, we closed this deal right before the upfront, and we're first bringing our teams together. Lord of the Rings is one of the most iconic storytelling franchises of all time and we're so excited. Based on the traction we are seeing across the broad spectrum of operational and financial KPIs, we expect segment EBITDA to be more or less breakeven in Q1, which implies another $500 million improvement year-over-year, roughly in line with the improvement seen in Q4. August 4, 2022 04:30 PM ET. It's not about getting it out for a certain date. Batman Day - September 17, 2022. 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. Discovery, Q4 2022 brought a hefty price: A net loss of USD 2.1 billion due to declining ad sales revenue figures. Warner Bros. is a global leader in all forms of entertainment, from movie and TV screens to mobile devices, store shelves and beyond. Of course, the other stipulations include being "willing and available" to film for the duration of the series which could be as long as 12 weeks and will commence around mid-June to mid-August of 2021. 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. 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 . We have a great hand and we're doing a lot right. And so we're going to be -- Casey is the best example of that. With the successful launch of Hogwarts Legacy 2 weeks ago, we reimagined 1 of the biggest global franchises in the world. And back then, you had to watch the show on Thursday night. 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. . Discovery, we believe we have the strongest hand in the industry, with the most complete portfolio of assets and globally renowned franchises, personalities and storytelling IP, across sports, news, nonfiction and entertainment, in virtually every region of the globe and in every language. 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. Discovery. The layoffs represent 14% of Chief Content Officer Casey Bloys' staff, and the eliminated positions are primarily focused on reality content, though other departments including casting and acquisition will also be impacted. Acting students missing out on their final year of school can submit their interest to the Warner Bros. Television casting department. On the news side, we are fighting hard and making real progress. It reminds me of my time at NBC when Thursday Night was must-see TV. We have a lot of points to be very excited about. 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 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 I think this is an exciting time because I think we're really -- we made some tough decisions. But curation, creating content at a time when people can watch it, creating a community conversation. We're spending time with him and Peter and he had a vision for DC that we are all in on and believe in. Discovery experienced a staggering USD 2.1 billion financial setback. Margot Robbie, who plays Barbie, is instantly as Barbie-esque as you could imagine, all blond hair and smiles and bright pink car. Warner Bros. Thank Sure. In the meantime, we completed a new distribution agreement that puts HBO Max back on Amazon Prime video channels. And we don't yet have, we think, a strong enough position in that market. While every applicant will be considered, only those passing the initial consideration round will be contacted. Kathleen is doing a lot of work, getting the enormous value of our library on screen. The guidance does not include any asset sales. DC Comics. Yes. 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. 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? Some of them we may find we need to adjust, but we feel really good about where we are, and we're accelerating forward. [Operator Instructions] Our first question comes from Jessica Reif Ehrlich with Bank of America. Thank you for attending today's presentation. So that is having some impact on us versus others that were -- that took a much bigger position in the upfront. It's just too early to really call a trend change here. Importantly, we successfully completed affiliate renegotiations, which accounted for more than 30% of U.S. distribution revenues and which brought our portfolio together coterminously. Games & Home entertainment faced difficult year-over-year comps as well due to last year's COVID-induced tailwind for library content. That's the power of streaming. The forward-looking statements include comments regarding the company's future business plans, prospects and financial performance. In the end, there was public backlash over his casting, but not because of his . 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