Discovery. Casting Australia (@warnerbroscastingau) 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. Delivering the latest news and official products from the Wizarding World and our partners. 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 an unusual situation. 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. 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. 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? The 99-year-old movie studio, home to Harry Potter, Batman and Bugs Bunny, will now head in a. Channing is the best example of that. I think the focus for many of us is usually each company's top profitability, but maybe there's not enough attention to the fact that each of these moves could have pretty dramatic impacts to the industry and competitive landscape. And why should we need to monetize that in order to drive shareholder value. Social media explodes and people are calling their family and friends to talk about what they saw. 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 basically, we create a flywheel of our own, where we own the full ecosystem, the subscription, the ad-lite and the ad free. 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. We see better engagement, better churn, which makes marketing efficiencies come up. Warner Bros Pictures Casting 2023 Open Call Dates Roles Check here. We have a great hand and we're doing a lot right. Just simply that for those that have Discovery right now, the churn is very low and it's profitable, Discovery+. All U.S. extremist mass killings in 2022 linked to far right, . The market is -- the macro environment is very challenging. Today, I'm thrilled to announce that Mike and Pam signed a deal to make multiple Lord of the Rings movies. 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. We're going to be releasing 12 films, 6 games. 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. 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. Discovery Increases Cost-Cutting Synergies Target to $3.5 Billion By Jennifer Maas Warner Bros Discovery Six months after the merger of WarnerMedia and. We also made a decision in the upfront to drive price rather than extra volume. 3 min read. That's what we're looking to primarily deliver. We've got some tests going on and it's very early, but some of the numbers that are coming in are looking exciting. In providing projections and other forward-looking statements, the company disclaims any intent or obligation to update them. For those that are happy paying $5 or $7 and having home, food, Discovery and own type content. I mean just how should we think of sort of pricing and how should that translate into sort of results as we look out to '23? Batman Day - September 17, 2022. It's about the sustainability and the longevity the free cash flow being delivered by that segment. Warner Bros. I think it could and should be huge because it wasn't being pushed on. We believe that when you have content that is so good that it hits the gist. And on the traditional side, we renewed agreements representing 30% of our U.S. affiliate revenues. 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. Netflix Reality Series Audition 2023 Casting Calls. And having some of that content appear on our platform and sell it nonexclusively to others is very economically beneficial. And that is the culture here at Warner Bros. 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. We brought our losses down considerably and are even more confident in the financial targets we laid out a few quarters ago. An open casting call has gone out for three actors between the ages of 13 and 16 to play young versions of Newt, Leta, and another character called Sebastian. And I have no doubt that when the market turns, we're going to be in a very, very good position to capture that upswing as well, especially, as David mentioned, with more inventory on the digital side becoming available here, which last year was sort of a limiting factor for us. . Yes. 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. Among them, the integration and repositioning of our global finance organization through which we implemented a number of initiatives to drive efficiency and better support the company's long-term sustainable growth. DC Comics. If there is interest in pursuing an application further, the applicant will hear back within 14 days of their original submission. We've heard the word curated. The product will offer compelling content for every member of the household. 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. He presented that to you and the press about a month ago. Brought to you by Wizarding World Digital, a partnership between Warner Bros. and Pottermore. 53 min read Participants Andrew T. Slabin; EVP of Global Investor Strategy; Warner Bros. Partially offsetting revenue headwinds were lower content expenses, distribution fees and marketing costs. 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. Again, creating shows that people want to watch. And for us, DC alone will be -- could and should be a game changer. 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. We took bold decisive action over the last 10 months and the bulk of our restructuring is behind us. Despite the full integration of Warner Bros. This company every year give up the chance for new talents. 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. 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. #inclusion #performerswithdisabilities #Disabilityawareness On the advertising side, it's kind of a complex answer. If you could share your view on those two impacts, that would be very helpful. So a lot to be looking forward to. These shows have averaged as many as 20 million viewers in episode with strong week-over-week growth. 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. 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. Discovery, ensuring it will remain as the exclusive Australian home of HBO, Max Originals, Warner Bros. and Discovery programming. And that is what all great talent wants. Disclaimer: Audition free of cost for more information visit the respective official site. Clearly, you still have some macro challenges, but what could go right? With that, I'd now like to turn it back to the operator, and David, JB and I will take your questions. Turning to Networks. So there was 60% that was hardly being viewed. But that said, there's always going to be a place for quality content and we're open for business. The creative co-lead and co-chairman of DC Studios have confirmed the entertainment studio is separate from Warner Bros. Pictures Group As per CBR via the social news aggregate website, Reddit . And on the 2023. We've contended with recent share shifts away from our portfolio during the NFL and College Football season and the World Cup. And we have high hopes for all of these metrics after the combined product launches to further improve. Don't forget the 12+ hour blocks of five year old movies every weekend. 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 is having some impact on us versus others that were -- that took a much bigger position in the upfront. Our next question comes from Brett Feldman with Goldman Sachs. You had 6% growth this quarter, a lot of that from advertising and content, but do you need revenue growth to accelerate in order to deliver that $1 billion? TM & WBEI. 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. "This promises to be a very exciting year for our company," he told investors during the company's Q4 earnings call . Starting with the Studio segment. The replay can be accessed by phone by dialing +1 877-674-7070 or +1 416-764 . Warner Bros. Yes. During the fourth quarter of 2022, Warner Bros. An important reference point for the value of our combined portfolio of networks to our distribution partners. On Friday, AT&T handed off Warner Bros. to Discovery Inc. as part of a $43 billion merger. 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