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These shows have averaged as many as 20 million viewers in episode with strong week-over-week growth. 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. Such a move has been expected for quite some time, given Warner Bros. Thank you, David. The Foxtel Group has today officially confirmed details of a major new content and platform agreement with Warner Bros. Though we are assuming that things will get better in the second half. We have a lot of motion picture content that we're reworking and making a lot of progress with. Is there -- what are you considering? Discovery ( WBD) CEO David Zaslav promised 2023 will be WBD's year after the media giant reported fourth quarter earnings results that missed across the board on Thursday. 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.. We've gone through a couple of the puts and takes here. We got to take those swings. Lord of the Rings is one of the most iconic storytelling franchises of all time and we're so excited. Casting Australia (@warnerbroscastingau) Gunnar? 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. Warner Bros. More on this from Gunnar in a minute, but I'm pleased with the trend line we see in Q1, particularly as we are managing towards close to breakeven segment EBITDA in the quarter. And we're seeing some real opportunity 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. If they ask you to pay a fee in order to audition for a specific role, it's most likely a scam. Don't forget the 12+ hour blocks of five year old movies every weekend. She's also restructured the team with development-focused doers, who are running this portfolio as one integrated portfolio. That's what led us to the conclusion that direct to streaming movies were providing really no value to us. Again, creating shows that people want to watch. And with that, I am pleased to turn the call over to David. China calls for Russia-Ukraine cease-fire, . Does that include any potential asset sales like nonstrategic asset sales? Reportedly Cancels 'Wonder Woman 3' Warner Bros. We've been hard at work since our last call and look forward to updating you on our progress. 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 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. Operator. We also made a decision in the upfront to drive price rather than extra volume. Warner Bros. Just what should we expect in terms of '23 versus '22? David, maybe just to sort of wrap up that on the content side. You probably know that, because we've kept the lights on at TBS for the last five years.". On the one hand, we have tremendous breadth with live news, live sports, entertainment, nonfiction, a tremendous share and reach. This is in part a function of a successfully executed synergy program and ongoing continuous improvement efforts. 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. 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. A replay of the call will be available approximately two hours after the completion of the call until August 11, 2022. 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.. And that gives us real optionality in terms of nourishing audience for growth and for reduction in churn and for overall price value. But that said, there's always going to be a place for quality content and we're open for business. And curating content so that people can watch it and have a shared experience is a very big piece of the Warner Bros. 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. 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. And so we're going to be -- Casey is the best example of that. 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. This company every year give up the chance for new talents. I'll talk more about that in a minute. Well, one of the big advantages that we have, Brett, is that we have this diversity of content. That's the power of streaming. The Voice, the #1 most watched unscripted show on network TV. The biggest unknown continues to be in the ad sales environment. Is that something you're able to comment on now? But I always would err toward price, because I think that's where you really build asset value. 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. Everybody has a strategic focus on improving free cash flow, market share for each of the businesses. Well, look, we were laser-focused on building this DC 10-year plan. Wizarding World is the new official home of Harry Potter & Fantastic Beasts. 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. The efforts ongoing enterprise-wide are helping to turn the flywheel and grow and improve our businesses, and we see so much opportunity ahead. Let me start with the second. Our next question comes from Ben Swinburne with Morgan Stanley. The 99-year-old movie studio, home to Harry Potter, Batman and Bugs Bunny, will now head in a. In terms of the market itself, it's -- as I've said before, it's not a good environment. 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. It's just too early to really call a trend change here. 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. And my second question is about this pending relaunch MAX product. Warner Bros. 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. 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. I mean, pot levels in the industry, I think, were down 14% in the quarter. And I think you're going to see a big difference that when we release something, it's going to be a product that we think is the best it could be. Sorry, Robert. Our next question comes from Michael Morris with Guggenheim Partners. And as I've said before, net-net, that's not a segment where I would expect a sustained revenue growth. We definitely are planning for an inflection on the revenue side. And we hit this year with a full leadership team in place. 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. WBD 15.42 +0.67 Warner Bros. With that, I'd now like to turn it back to the operator, and David, JB and I will take your questions. 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 Use the form below to submit your basics and we'll reach out to you when the next big film casts! 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? With respect to the cadence of free cash flow, as is historically the case for both legacy Discovery and WarnerMedia, Q1 free cash flow will represent the low point for the year given the timing of sports rights payments, timing of content outlays and cash interest payments on a large portion of the acquisition debt. And getting ready for our new launch. Please. Discovery experienced a staggering USD 2.1 billion financial setback. Distribution revenues on the whole were impacted primarily by subscriber declines in the U.S. and lower affiliate rates in certain European countries, while larger contractual rate increases in the U.S. and premium sports packages in Latin America helped to offset part of this impact. 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. 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. On the news side, we are fighting hard and making real progress. 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. 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. But it's -- we're not going to tell any story before it's done. Warner Bros. We've rightsized the content investments. We're excited about JV's product relaunch in the second quarter, but those are uncertain factors that's very early in the year. Is there any of your content that's definitely off the table to be included in that service? The sentiment is not terrific. 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. I want to follow up on the streaming discussion. It's about the sustainability and the longevity the free cash flow being delivered by that segment. Last year was a year of restructuring. 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. Margot Robbie, who plays Barbie, is instantly as Barbie-esque as you could imagine, all blond hair and smiles and bright pink car. We have a fantastic leadership team moving us forward, everyone rowing in the same direction. Thanks, Ben. And I think our diversity, we have all these different assets that have -- that are different. 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. 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. 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. DC Comics. 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. And so we were able, in many ways, to Monday morning quarterback. And where does the WBD fit in that? Turning to the quarter, I'd like to quickly take you through some of the puts and takes impacting performance. We are not conducting any type of audition. 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 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. In Harry Potter and the Deathly Hallows, readers learned that Albus and Gellert were once friends, before becoming arch-rivals. Warner Bros. is a global leader in all forms of entertainment, from movie and TV screens to mobile devices, store shelves and beyond. - David Spade, 'Nothing Personal' 2022. Nov 3, 2022 2:02pm PT Warner Bros. The only other thing I'd add, Ben, is for us, it's not just a question of subscriber scaling. All the meetings that I've had in the last two weeks are about great content that we're producing, meeting with creatives that want to come here, how we -- what more shows are we going to be selling, what more shows are we going to be keeping on our platform? While every applicant will be considered, only those passing the initial consideration round will be contacted. Our strategy is no sub left behind. Sep 2, 2021 Seeking young performers for Nickelodeon's nationwide (US and Canada) Performers with Disabilities Open Call! And we've lapped that now, and we're seeing some growth now. There's loads of content out there. Revenue decreased 6% as global advertising revenues declined 14% and distribution revenues decreased 2%. 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. [Operator Instructions] I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. That's not the point. But I also think we're very well positioned to grow from here. And I'm very, very glad that we put out some targets in the summer of last year, and we were able to hit those targets. 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. 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. 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. It's working. And I think there was a lot left on the table. While visibility remains limited, we are seeing revenue trends very modestly improving sequentially in certain pockets. Marvel's Guardians will star alongside Chris Hemsworth (Thor), Natalie Portman (Jane Foster/Mighty Thor), Tessa Thompson (Valkyrie), and Christian Bale (Gorr the God Butcher), among other new and. Some time, given Warner Bros Billion By Jennifer Maas Warner Bros that want..., it 's just too early to really call a trend change.. Versus '22 those passing the initial consideration round will be considered, those. 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