And once we establish this funnel, then we can take things like the first season of succession or the second season. We've heard the word curated. Discovery Second Quarter 2022 Earnings Call. The market is -- the macro environment is very challenging. We brought our losses down considerably and are even more confident in the financial targets we laid out a few quarters ago. Warner Bros. Discovery experienced a staggering USD 2.1 billion financial setback. If you have an ad-blocker enabled you may be blocked from proceeding. This information is only for educational purposes use. Discovery. Discovery CEO David Zaslav's plan to combine HBO Max and Discovery Plus into a single streaming . Can you talk a little bit about the revenue outlook for D2C? Discovery advantage. 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. Use the form below to submit your basics and we'll reach out to you when the next big film casts! And that isn't critical to or helpful to churn. Warner Bros. Sorry, Robert. 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? And then on the affiliate side, renewing 30% of your affiliate deals. 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. Gunnar and the team are laser-focused on driving transformation throughout the organization, supporting our ability to further generate real free cash flow. Our next question SP1 Comes from Robert Fishman with SVB MoffettNathanson. Netflix Reality Series Audition 2023 Casting Calls. Before we start, I'd like to remind you that today's conference call will include forward-looking statements that we make pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. [Operator Instructions] I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. We see better engagement, better churn, which makes marketing efficiencies come up. We have an exceptional leadership team that is truly aligned across a common set of strategic, operational and financial goals and metrics. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. Though we are assuming that things will get better in the second half. 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. Our next question comes from Ben Swinburne with Morgan Stanley. 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 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, 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.. Yes. It's about telling the best story. It's not about getting it out for a certain date. 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. And having some of that content appear on our platform and sell it nonexclusively to others is very economically beneficial. Well, look, for us, the market right now, our focus is building a best-of-class product and putting all of our content together and so that it's easy to consume and that people are aware of all the different content that we have. And consistent with our overall commitment to great storytelling, we delayed the launch to get it right. 7,362 Followers, 2,443 Following, 99 Posts - See Instagram photos and videos from Warner Bros. Interestingly, the actor cast as the titular character, Austin Butler, isn't the most well known, and audiences will probably know him best as the Manson family member Tex Watson in Once Upon A Time In Hollywood . One of them is off to a very good start. 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. 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. The sequel to Fantastic Beasts and Where to Find Them is slated for release 16 November 2018, and filming begins this summer. And it all stems from great storytelling. Social media explodes and people are calling their family and friends to talk about what they saw. And we are still in the early stages of bringing this comprehensive portfolio together and harnessing all that it can deliver. Warner Bros. And so you put the Discovery+ and HBO Max proposition together at a great value, and we think we deliver something that ultimately has something for everybody in the household, which will help us on scale and help us on churn, which are the two major ingredients we're focused on as well as obviously engagement. Is this happening to you frequently? In addition to all of our entertainment and nonfiction, we do have all of our news and sports. For additional information on important factors that could affect these expectations, please see the company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the company's most recent annual report on Form 10-K and its reports on Form 10-Q and Form 8-K. A copy of our Q4 earnings release, trending schedule and accompanying slide deck is available on our website at ir.wbd.com. Global core subscribers increased 1.1 million sequentially and 10 million year-on-year, while global ARPU increased as well modestly to $7.58. Discovery, ensuring it will remain as the exclusive Australian home of HBO, Max Originals, Warner Bros. and Discovery programming. Studio Tour Hollywood invites you to celebrate the enduring legacy of the iconic Super-hero on Batman Day, Saturday, September 17, 2022. . With the successful launch of Hogwarts Legacy 2 weeks ago, we reimagined 1 of the biggest global franchises in the world. There's loads of content out there. I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. Acting students missing out on their final year of school can submit their interest to the Warner Bros. Television casting department. 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. 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. Thank you, Jessica. 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. 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. Don't forget the 12+ hour blocks of five year old movies every weekend. And there's a number of uncertainties as you wouldn't be surprised to hear. 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. Does that include any potential asset sales like nonstrategic asset sales? And one of the tenets is we're not going to launch any content before it's time. Batman Day - September 17, 2022. Sure. https://forms.gle/pSmy15EJENw7foXi9 Advertisements 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. And now you see a very soft scatter market. 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. 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. 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? Warner Bros. The efforts ongoing enterprise-wide are helping to turn the flywheel and grow and improve our businesses, and we see so much opportunity ahead. And that gives us real optionality in terms of nourishing audience for growth and for reduction in churn and for overall price value. Starting with the Studio segment. 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. Yes. 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. Channing is the best example of that. 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. And on the potential for the balance sheet, the balance sheet improvement is very encouraging. And now we're -- this year, you're going to see us fighting on DC. We're excited about JV's product relaunch in the second quarter, but those are uncertain factors that's very early in the year. The studio is the flagship producer of live-action feature films within Warner Bros. 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. It's significantly better outside the U.S. right now, which is a surprise. John Oliver poked at HBO's parent company, Warner Bros. This is one team now. 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. The Hogwarts game, we took several additional months to rework it, to get it right. And our new studio heads are hard at work putting their unmatched creative stamp on our future slate. CASTING SUBMISSION - Actors & Extras Accordingly, we expect free cash flow in the first quarter to be negative. And where does the WBD fit in that? You probably know that, because we've kept the lights on at TBS for the last five years.". And on the traditional side, we renewed agreements representing 30% of our U.S. affiliate revenues. But I always would err toward price, because I think that's where you really build asset value. In the end, there was public backlash over his casting, but not because of his . 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. WarnerMedia Equity + Inclusion announces the WarnerMedia Access Talent Spotlight, a new talent training program for aspiring actors looking for professional development and resources. And to that point, I have no doubt that we have years and years of that coming our way. And we're seeing some real opportunity here. Please. That's the power of curation. So those candidates who are interested must have checked the companys full details. Games & Home entertainment faced difficult year-over-year comps as well due to last year's COVID-induced tailwind for library content. It gives a huge advantage with those tent poles. Gunnar will take you through all of the financials in our outlook, but I'm very pleased that we see our net leverage clearly below 4x by the end of this year, below 4x by the end of this year. Margot Robbie, who plays Barbie, is instantly as Barbie-esque as you could imagine, all blond hair and smiles and bright pink car. We haven't done a Superman movie in 10 years. 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. Here we have mentioned the name of the founder below here on page read it carefully. Last year was a year of restructuring. Though like in the U.S., we're being mindful about overall visibility in regional, macro and political influences. [Operator Instructions] Additionally, please be advised that today's conference call is being recorded. The company's properties are divided into nine business units, including the flagship Warner Bros. film and television studios, comic book . 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. 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