Warner Bros. That is exactly what we see happening at HBO. But the digital inventory, which really held up in the fourth quarter has also softened. 4 talking about this. So there was 60% that was hardly being viewed. The product will offer compelling content for every member of the household. Warner Bros Casting Calls are the most useful tools for those who are feeling capable that they can make an immediate impact on their acting careers, but aren't well-enough known to get invited to usual castings. And now you see a very soft scatter market. And on the 2023. You do not need to submit this form if you've already submitted to any casting. Moreover, we're analyzing our pricing strategy in a number of key international markets, particularly in LatAm, where we believe our service has significant pricing upside. And there's lots more to come including the highly anticipated Mortal Combat 12 and Suicide Squad - Kill The Justice League, games also set for release this year with ambitious launch projections. And after just 5 weeks, an astounding 35 million people have watched episode 1. Given we're still in the first year following the closing of our acquisition, I will discuss the P&L impact on a pro forma ex-FX basis. MACON Advertisements RUSH CALL BACKGROUND Casting Notice *Warner Bros FEATURE FILM: "The Color Purple-The Musical' LOCATION: Macon, GA 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. And for us, DC alone will be -- could and should be a game changer. 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 . J.B., anything to add to that? 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. Discovery, ensuring it will remain as the exclusive Australian home of HBO, Max Originals, Warner Bros. and Discovery programming. Passionate about supporting Creatives to develop, produce . 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. This company every year give up the chance for new talents. Thank you for attending today's presentation. Disclaimer: Audition free of cost for more information visit the respective official site. TM & WBEI. Participants must be fully vaccinated for COVID-19 and show proof of vaccination. China calls for Russia-Ukraine cease-fire, . 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. With me today is David Zaslav, President and CEO; Gunnar Wiedenfels, our CFO; and JB Perrette, CEO and President, Global Streaming and Games. Yes. Really trying to understand how much of the ad impact that you're seeing is kind of coming from the macro environment? David Zaslav Praises CNN Adding More GOP Voices; "Balance Strategy" Is "Important," Warner Bros Discovery Boss Says + Discussion: The Wrap, . Two questions. 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 Join the Fan Club and bring your traits with you. https://forms.gle/pSmy15EJENw7foXi9 Advertisements Hello, everyone, and thank you for joining us. We've rightsized the content investments. More Earnings Resources from MarketBeat Earnings Tools: Today's Earnings Tomorrow's Earnings Next Week's Earnings Upcoming Earnings Calls Earnings Call Transcripts Earnings Beats & Misses Corporate Guidance We're going to be releasing 12 films, 6 games. Sorry, Robert. And HBO is streaming's new must-see TV with all of its cultural impact and excitement. Sep 2, 2021 Seeking young performers for Nickelodeon's nationwide (US and Canada) Performers with Disabilities Open Call! Is there any of your content that's definitely off the table to be included in that service? Warner Bros. Yes. 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. The Hogwarts game, we took several additional months to rework it, to get it right. The film is set decades before Harry Potters adventures at Hogwarts, and marks an increasingly dark time for the wizarding world. 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. Such a move has been expected for quite some time, given Warner Bros. 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're spending time with him and Peter and he had a vision for DC that we are all in on and believe in. 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. It's working. Aug 9, 2022, 8:40 AM. Webcast. In all that we do, we are guided by three strategic pillars. There's loads of content out there. So I think that I'm hyper-focused on this, meeting once a week with the team, but getting our stride as a new working team, and I feel like we're starting to get some momentum on that. 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. Discovery, Inc.. You have so many hidden assets within the company. Discovery CEO David Zaslav's plan to combine HBO Max and Discovery Plus into a single streaming . We have an exceptional leadership team that is truly aligned across a common set of strategic, operational and financial goals and metrics. Naturally, we are laser-focused on delevering the balance sheet, where I see net leverage very comfortably inside of 4x by the end of 2023 and reiterate our prior guidance to be within the investment grade range by mid-2024 and within our gross leverage target of 2.5x to 3x by the end of 2024. Discovery experienced a staggering USD 2.1 billion financial setback. 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. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. So those candidates who are interested must have checked the companys full details. 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. 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. And I think our diversity, we have all these different assets that have -- that are different. 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? . 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.. 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. Thank you, David. Social media explodes and people are calling their family and friends to talk about what they saw. Discovery in which we took some pivotal initial steps. No, the only thing I would add is from the perspective of cyclical versus secular, there's no doubt. Batman Day - September 17, 2022. And why should we need to monetize that in order to drive shareholder value. If there is interest in pursuing an application further, the applicant will hear back within 14 days of their original submission. The only other thing I'd add, Ben, is for us, it's not just a question of subscriber scaling. And we hit this year with a full leadership team in place. Discovery. The market is -- the macro environment is very challenging. 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. As the only studio scaled in gaming, we see it as a meaningful differentiator with substantial opportunity. All U.S. extremist mass killings in 2022 linked to far right, . But I also think we're very well positioned to grow from here. And while this is indeed encouraging, we're hesitant to forecast any meaningful near-term revenue improvement. We said starting last August, we believe in profitable scale. DC Comics. We are laser-focused on delivering against our high-level strategic, operational and financial targets, and the three pillars that comprise our core principles. Partially offsetting revenue headwinds were lower content expenses, distribution fees and marketing costs. And we could see, for instance, at HBO, the majority of viewership of content on HBO was only 40% of the content. Is that something you're able to comment on now? 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. She's also restructured the team with development-focused doers, who are running this portfolio as one integrated portfolio. I mean, pot levels in the industry, I think, were down 14% in the quarter. We met with 186 of the top leaders in -- for a week in early January. 3 min read. So I know it's a pretty open-ended question, but can you talk about how you see the streaming industry evolving overall with these changes? The game was 1 of the most highly anticipated of 2023. In answering that question, you reiterated something you'd said before, which was an intent to fold the Discovery content into the new product. 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. Keep one thing in mind, the entire last year was impacted by this headwind from coming off of Amazon. 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? Discovery CEO David Zaslav said the retooling of CNN 'isn't going to happen overnight.'. Discovery Access Talent Spotlight, candidates must meet the below requirements: Participants must be 18 years or older as of March 1, 2022. And we can create a Tubi or a Pluto without buying content from anybody by just being able to put it on ourselves. And it all stems from great storytelling. 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. But -- and I know it's a tough question to put numbers around. Overall, 14% of . But curation, creating content at a time when people can watch it, creating a community conversation. And back then, you had to watch the show on Thursday night. And where does the WBD fit in that? On Friday, AT&T handed off Warner Bros. to Discovery Inc. as part of a $43 billion merger. Interested in future casting calls or joining our casting division? Gunnar and the team are laser-focused on driving transformation throughout the organization, supporting our ability to further generate real free cash flow. [Operator Instructions] I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. 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. I saw it and loved it. 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. It's about telling the best story. And later down the road, we're also obviously going to start looking at new market launches, again. We got some of the best creatives in the industry right now focused on those swings. And so we're going to be -- Casey is the best example of that. That's what led us to the conclusion that direct to streaming movies were providing really no value to us. That said, there's still more that we need to get right and we are hard at work. 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. And most importantly, we saw improvement across key KPIs. 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? It was a heavy lift to bring 2 teams together, notwithstanding the economy being what it was, and we are now drilling down on all facets of the business. For us, 2023 is a year of building. 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. 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. It's not about getting it out quick. We do see the weekly bookings right now ticking up slightly if you compare January and February with maybe the November, December timeframe, looking a little better; retail, fast food, entertainment, a little better; telecom, small, but coming back; but then you've got other areas like technology is still completely depressed. I remain very optimistic about the range of potential outcomes in 2023 and beyond. 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. We were able to put that to work behind some of cases launches, behind some of our film launches. Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. 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. 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? Yes, that's one important ingredient. And we're seeing some real opportunity here. 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. NOW CASTING PAID EXTRAS (Ages 30 +) to portray ROADSIDE MOTEL GOERS for the NEW DC Comic series "NAOMI" for FRIDAY, 1/21/2022. 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 . And then there was a lot of content that just wasn't being viewed. View this post on Instagram And my second question is about this pending relaunch MAX product. It's a wow. 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. So a lot to be looking forward to. We believe strongly in the importance of the motion picture window and having that shared experience with other people. But that said, there's always going to be a place for quality content and we're open for business. 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. 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. These are huge numbers, particularly in today's day and age of binge viewing, when there is so much content to choose rooms. Here we have mentioned the name of the founder below here on page read it carefully. We'll do a full presentation on April 12, which will lay out this significantly improved product, the launch, what will be on it. Studio. 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. This phenomenon can go for eight, 10-plus weeks for each series. And that isn't critical to or helpful to churn. Last year was a year of restructuring. Acting students missing out on their final year of school can submit their interest to the Warner Bros. Television casting department. W arner Bros. Pictures and the filmmakers behind the Fantastic Beasts sequel are holding open calls for five young actors to join the cast of the film. 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. But it's -- we're not going to tell any story before it's done. It's -- those three of the tentpole products that when someone's at dinner anywhere in the world, and they look at their watch at 8:00 and you mention Batman, Superman, Wonder Woman, Harry Potter, Lord of the Rings. Our final question comes from John Hodulik with UBS. The Voice, the #1 most watched unscripted show on network TV. 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. We see churn as a third important variable that historically has been relatively higher on the HBO Max product that with the two products coming together, that ultimately coming down is important. And we take advantage of all the content that we have. The gaming business is all consumer product driven. 7,362 Followers, 2,443 Following, 99 Posts - See Instagram photos and videos from Warner Bros. The sentiment is not terrific. 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 now we're -- this year, you're going to see us fighting on DC. Presentation. In addition to all of our entertainment and nonfiction, we do have all of our news and sports. Discovery to Report Fourth Quarter 2022 Earnings: Listen Live on February 23, 2023 at 4:30 p.m. The advertising environment in the U.S. remains very . And in fact, we're -- we use news and sports quite effectively in Europe, and we've learned a lot about when it does work and when it doesn't. We've been hard at work since our last call and look forward to updating you on our progress. 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? We brought our losses down considerably and are even more confident in the financial targets we laid out a few quarters ago. So again, as I said, a similar picture with more diversity. 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. 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. 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. Everybody has a strategic focus on improving free cash flow, market share for each of the businesses. Warner Bros. We got to take those swings. But in order to do that, we took less volume than we could have. Her Barbie looks like a version of Robbie's Sharon Tate, or. And to that point, I have no doubt that we have years and years of that coming our way. SVOD and ad-lite tiers and a significantly enhanced product platform to drive better performance, improved user experience and stronger engagement. And so I think that is key to us in terms of building the long-term strength. Don't forget the 12+ hour blocks of five year old movies every weekend. He presented that to you and the press about a month ago. John Oliver poked at HBO's parent company, Warner Bros. 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. The 50 Best Movies of 2022, According to 165 Critics from . To participate in the Warner Bros. Photo: Kevin Dietsch/Getty Images. Discovery, Q4 2022 brought a hefty price: A net loss of USD 2.1 billion due to declining ad sales revenue figures. In Harry Potter and the Deathly Hallows, readers learned that Albus and Gellert were once friends, before becoming arch-rivals. While visibility remains limited, we are seeing revenue trends very modestly improving sequentially in certain pockets. So we do see subscriber scale as one part of the revenue growth story. This is one team now. These shows have averaged as many as 20 million viewers in episode with strong week-over-week growth. 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. And curating content so that people can watch it and have a shared experience is a very big piece of the Warner Bros. Casting for teenage Dumbledore follows on from the news that Jude Law will play the adult character in the Fantastic Beasts sequel. 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 Our next question SP1 Comes from Robert Fishman with SVB MoffettNathanson. That's not the point. The poor actors and directors of the . 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. 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. 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. And so we -- as the largest owner and producer of content in the world, we'll -- we want to super serve effectively our streaming service, which is a top priority as well as an AVOD service so that we could reach everyone in every country, everywhere in the world. Discovery. On the advertising side, it's kind of a complex answer. This is in part a function of a successfully executed synergy program and ongoing continuous improvement efforts. Importantly, we successfully completed affiliate renegotiations, which accounted for more than 30% of U.S. distribution revenues and which brought our portfolio together coterminously. First, let me say, this promises to be a very exciting year for our company. Those shows had a supersized effect on people and culture. Turning to Networks. Warner Bros Pictures Casting 2023 Open Call Dates Roles Check here. And we're doing it in a very tasteful way by putting it on the very front end. And Lord of the Rings, which is a fantastic franchise, Andy Jassy was pushing on it at Amazon with a lot of success, but we own those movie rights. I want to follow up on the streaming discussion. Number three, evaluating capital allocation opportunities with rigor, so that we can both achieve near-term efficiency and enhance long-term asset value and growth. 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. They are also looking for actors between 16 and 18 to portray both Gellert Grindelwald and Albus Dumbledore as teenagers. Discovery Second Quarter 2022 Earnings Call. WBD 15.42 +0.67 Warner Bros. And Ben, on the D2C question, let me start with the revenue side of it. And then on the affiliate side, renewing 30% of your affiliate deals. WarnerMedia Equity + Inclusion announces the WarnerMedia Access Talent Spotlight, a new talent training program for aspiring actors looking for professional development and resources. We're excited about the upcoming launch of the [ENHANZE] product and look forward to sharing more details at a press event on April 12. This information is only for educational purposes use. 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. Yes. And while we are comping the Winter Olympic Games in Q1, which we expect will account for roughly 100 basis point headwind to our global advertising growth rate, we see underlying international trends modestly improving. 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. Discovery and sort of the earnings power of the organization? So we're excited about the fact that we're going to take all of the Discovery content and put it together with the HBO Max content in a much better platform. David, maybe just to sort of wrap up that on the content side. [Operator Instructions] Additionally, please be advised that today's conference call is being recorded. It's the backbone of what we're doing, and we'll keep investing. 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