The forward-looking statements include comments regarding the company's future business plans, prospects and financial performance. The industry was in a quantity of content over quality, we believe, in a quality over quantity and therefore, spend-wise, spend needs to get rationalized. So I think we're very well positioned. We met with 186 of the top leaders in -- for a week in early January. Discovery. So there was 60% that was hardly being viewed. 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. 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 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. So again, as I said, a similar picture with more diversity. Content alone is really only half of the equation. International, some areas actually trending up now, others still difficult. All U.S. extremist mass killings in 2022 linked to far right, . The reality is, in today's environment, I think it would be -- you wouldn't want us to say we have a static a 100% defined windowing strategy. I remain very optimistic about the range of potential outcomes in 2023 and beyond. 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. They have great plans to revitalize the nets and have also begun to use our exceptional library of film and television content in a way that will benefit our linear and cable networks. from casting calls to the lure of the red-carpet award season. 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 . August 15, 2022 10:20am. We said starting last August, we believe in profitable scale. 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 Second Quarter 2022 Earnings Call. China calls for Russia-Ukraine cease-fire, . The 50 Best Movies of 2022, According to 165 Critics from . That said, there's still more that we need to get right and we are hard at work. We do expect the cash cost to achieve synergy and transformation efforts will be around the higher end of our $1 billion to $1.5 billion guide given the expanded synergy target, some of which possibly hitting in 2024. In Harry Potter and the Deathly Hallows, readers learned that Albus and Gellert were once friends, before becoming arch-rivals. And as I've said before, net-net, that's not a segment where I would expect a sustained revenue growth. 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. And one of the tenets is we're not going to launch any content before it's time. Kathleen is doing a lot of work, getting the enormous value of our library on screen. And so -- which -- where we pivoted and said we were going pushing to move all of our films back out with real windows in order to optimize those products. Let me start with the second. And we can create a Tubi or a Pluto without buying content from anybody by just being able to put it on ourselves. A year-over-year increase in corporate expenses were due to a number of factors, almost exclusively related to external market factors such as an incremental $120 million related to underlying rates on our securitization facility. 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. Christian Zilko 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. 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. And then, Gunnar, you sound very bullish and confident on the D2C targets, the $1 billion of EBITDA in '25. We haven't done new Harry Potter content in over a decade. The game was 1 of the most highly anticipated of 2023. 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. And we have high hopes for all of these metrics after the combined product launches to further improve. And the newest hits, Night Court on NBC and Shrinking on Apple TV. And having some of that content appear on our platform and sell it nonexclusively to others is very economically beneficial. That's the power of streaming. And then we have the ability to pick from all of these different baskets to build really what may be most important for us, which is a successful and profitable streaming business. Discovery CEO David Zaslav said the retooling of CNN 'isn't going to happen overnight.'. 7,362 Followers, 2,443 Following, 99 Posts - See Instagram photos and videos from Warner Bros. SVOD and ad-lite tiers and a significantly enhanced product platform to drive better performance, improved user experience and stronger engagement. 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. And I think that diversity is strength. Our next question comes from Michael Morris with Guggenheim Partners. Discovery in which we took some pivotal initial steps. There have been some media reports a few weeks ago that you were going to actually keep Discovery as a standalone product. Warner Bros. We believe in it because we believe we have the best menu of content, the best portfolio, the best quality. As the only studio scaled in gaming, we see it as a meaningful differentiator with substantial opportunity. 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. And then for Gunnar or JB, can you maybe just expand upon your fast strategy and why you chose to do the deal with Roku and Tubi and maybe how that might impact the launch or timing of your own fast service? And that isn't critical to or helpful to churn. Clearly, as we have pointed out as a key risk since the summer, underlying advertising trends, particularly in the U.S., have continued to soften through the fourth quarter, and that was further exacerbated by general entertainment audience declines. 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. We've rightsized the content investments. Currency was an approximate $100 million headwind to EBITDA for the quarter and near $200 million headwind for the full year. 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. Today, I'm thrilled to announce that Mike and Pam signed a deal to make multiple Lord of the Rings movies. We've been hard at work since our last call and look forward to updating you on our progress. The Voice, the #1 most watched unscripted show on network TV. Starting with the Studio segment. If they ask you to pay a fee in order to audition for a specific role, it's most likely a scam. Discovery, for canceling "Batgirl . 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. Though like in the U.S., we're being mindful about overall visibility in regional, macro and political influences. 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. Operator. Naturally, our domestic relaunch of the combined product offering in the spring will result in a sequential step-up in P&L investments in Q2 behind a requisite increase in marketing spend support and premier content launches. HBO has never been stronger and is firing on all cylinders behind the recent successes of HBO Originals, Euphoria, House of the Dragon, White Lotus, and our newest mega hit, The Last Of Us. View this post on Instagram Join the Fan Club and bring your traits with you. And so we'll keep in mind this balance of volume versus price. That HBO Max, whatever we call it on the launch, is a product that we take around the world and that has a real impact on how people consume content. August 4, 2022 04:30 PM ET. Games & Home entertainment faced difficult year-over-year comps as well due to last year's COVID-induced tailwind for library content. Acting students missing out on their final year of school can submit their interest to the Warner Bros. Television casting department. 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. Warner Bros. [Operator Instructions] I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. And getting ready for our new launch. 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. So we do see subscriber scale as one part of the revenue growth story. Our strategy is no sub left behind. We have profitable subscribers that are very happy with the product offering of Discovery+, why would we shut that off. Gunnar? Apply Here: NickOnlineOpenCall.nick.com Parents/guardians please email: NickOnlineOpenCall@nick.com for more info. media commentator focused on TV Production, Consumer Tech, SVOD & Sports Broadcasting . We have an exceptional leadership team that is truly aligned across a common set of strategic, operational and financial goals and metrics. On the advertising side, it's kind of a complex answer. We definitely are planning for an inflection on the revenue side. The scatter market overall is very slow, I would say, steady to maybe a little bit better than it was in the fourth quarter. And once we establish this funnel, then we can take things like the first season of succession or the second season. In the end, there was public backlash over his casting, but not because of his . Those shows had a supersized effect on people and culture. 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. Discovery Cuts Scripted Programming at TBS, TNT. In 2022, Warner Bros. will release Elvis, a biopic about the king of rock and roll himself. Appreciate all the information you just shared. This company every year give up the chance for new talents. David Zaslav Praises CNN Adding More GOP Voices; "Balance Strategy" Is "Important," Warner Bros Discovery Boss Says + Discussion: The Wrap, . Yes, that's one important ingredient. 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. It's not about getting it out for a certain date. Reportedly Cancels 'Wonder Woman 3' Warner Bros. And now we're -- this year, you're going to see us fighting on DC. We'll definitely -- we're definitely planning for revenue improvement. I want to follow up on the streaming discussion. . Participants must be fully vaccinated for COVID-19 and show proof of vaccination. 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. And after just 5 weeks, an astounding 35 million people have watched episode 1. And with the breadth and depth of content that we have across the company, we think we're very uniquely able to do that without jeopardizing or risking the subscription business, the theatrical business or some of our upstream windows, which we'll obviously continue to focus on. We believe strongly in the importance of the motion picture window and having that shared experience with other people. And most importantly, we saw improvement across key KPIs. Warner Bros. If all else fails, take your mother's advice - if it seems too good to be true, it probably is. 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. Participants must have the right to work in the United States or Canada. We brought our losses down considerably and are even more confident in the financial targets we laid out a few quarters ago. 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. 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. 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. And on the 2023. Your email address will not be published. To that end, linear ad sales is a top priority at the moment, particularly as we balance both cyclical headwinds and ongoing secular challenges, much of which we've dealt with for the last several years. And why should we need to monetize that in order to drive shareholder value. We're spending time with him and Peter and he had a vision for DC that we are all in on and believe in. The studio is the flagship producer of live-action feature films within Warner Bros. Thanks, Ben. Turning to Networks. And we take advantage of all the content that we have. 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. Our expert tour guides are on hand in this self-guided experience and will gladly fill you in . Storytelling content is most powerful when you're watching it and then you're with others, either in a theater, or you're able to talk about it either online or with your friends, that's the power of content, not when you're viewing content alone. 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. I believe Warner Bros. TV is the greatest quality maker of content in the world. Discovery. The sentiment is not terrific. And later down the road, we're also obviously going to start looking at new market launches, again. Wizarding World is the new official home of Harry Potter & Fantastic Beasts. Discovery CEO David Zaslav has doubled down on the groundwork being laid out for James Gunn and Peter Safran's DCU plans. And we are still in the early stages of bringing this comprehensive portfolio together and harnessing all that it can deliver. The Warner Bros. Television Workshop is the premier program for new writers and. For us, 2023 is a year of building. 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. Partially offsetting revenue headwinds were lower content expenses, distribution fees and marketing costs. 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. Stay tuned for more to come on this front. Global core subscribers increased 1.1 million sequentially and 10 million year-on-year, while global ARPU increased as well modestly to $7.58. 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. The fourth quarter marked the end of a first and very defining chapter for Warner Bros. Discovery in April last year. Warner Bros. Discovery's earnings are expected to grow from $0.97 per share to $1.79 per share in the next year, which is a 84.54% increase. Some are advertiser-driven. You do not need to submit this form if you've already submitted to any casting. 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! We generated $2.5 billion of free cash flow in Q4, bringing the reported full year free cash flow to $3.3 billion. And we're doing it in a very tasteful way by putting it on the very front end. It's about telling the best story. You probably know that, because we've kept the lights on at TBS for the last five years.". If you could share your view on those two impacts, that would be very helpful. Thank you, Jessica. 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. 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. NOW CASTING PAID EXTRAS, AGES 18+ to portray WHITE HOUSE STAFF for new NETFLIX & Tyler Perry Studios movie SIX TRIPLE EIGHT (6888). But I always would err toward price, because I think that's where you really build asset value. Through the end of 2022, we've already realized over $1 billion of synergy, inclusive of a couple of hundred million dollars of course-corrective measures that we undertook early after launching Warner Bros. Discovery experienced a staggering USD 2.1 billion financial setback. 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 continue to be the place creators are choosing to bring their visions to life. The company's properties are divided into nine business units, including the flagship Warner Bros. film and television studios, comic book . On the one hand, we have tremendous breadth with live news, live sports, entertainment, nonfiction, a tremendous share and reach. On Friday, AT&T handed off Warner Bros. to Discovery Inc. as part of a $43 billion merger. 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. So I think this is an exciting time because I think we're really -- we made some tough decisions. So that is having some impact on us versus others that were -- that took a much bigger position in the upfront. 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 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. Discovery to Report Fourth Quarter 2022 Earnings: Listen Live on February 23, 2023 at 4:30 p.m. 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. CASTING SUBMISSION - Actors & Extras We will always be a little lower maybe than sort of a pure-play D2C product just because of the HBO linear trends that are baked into our revenue number. I'll talk more about that in a minute. The closing date for applications is Tuesday, 20 June 2017 at midnight GMT. We've got some tests going on and it's very early, but some of the numbers that are coming in are looking exciting. HBO and HBO Max Hit with 70 Layoffs at Warner Bros. And we're seeing some real opportunity here. 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. A few weeks ago, James and Peter rolled out Phase I of their highly anticipated multiyear plan for DC Studios across film, television and animation with 5 films and 5 television series already in the works, the new era for DC under a single creative vision is in full swing, and we are especially eager to thrill fans with new Superman and Batman movies in 2025. Warner Bros. 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. And the good news is we've had a real chance to look at content on each of the platforms over the last two years. Required fields are marked *, Warner Bros.-Seven Arts, Inc.(19671970), Toby Emmerich(Chairman, Warner Bros. Pictures Group), Walter Hamada(President, DC-based Film Production), studiofacilities.warnerbros.com/studio-operations-inquiry-form/. We have a fantastic leadership team moving us forward, everyone rowing in the same direction. These are huge numbers, particularly in today's day and age of binge viewing, when there is so much content to choose rooms. And while this is indeed encouraging, we're hesitant to forecast any meaningful near-term revenue improvement. I think it could and should be huge because it wasn't being pushed on. And we've also introduced digital advertising on HBO, which advertisers are very excited about being able to be in these marquee shows. 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. Gunnar and the team are laser-focused on driving transformation throughout the organization, supporting our ability to further generate real free cash flow. 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. This company is found in the years 1923. 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. And it all stems from great storytelling. And I'm not taking anything off the table here, but I just want to be realistic as well about what we're seeing today. 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. We're going to be releasing 12 films, 6 games. We can take you into the theater around the world. 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 Clearly, you still have some macro challenges, but what could go right? This is one team now. Margot Robbie, who plays Barbie, is instantly as Barbie-esque as you could imagine, all blond hair and smiles and bright pink car. And then on the cost side, all of the trends are pointing in the right direction. 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. Warner Bros Pictures Casting 2023 Open Call Dates Roles Check here. And back then, you had to watch the show on Thursday night. 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