This phenomenon can go for eight, 10-plus weeks for each series. Warner Bros. Just what should we expect in terms of '23 versus '22? The sequel to Fantastic Beasts and Where to Find Them is slated for release 16 November 2018, and filming begins this summer. 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. Lord of the Rings is one of the most iconic storytelling franchises of all time and we're so excited. 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. Warner Bros. 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. There have been some media reports a few weeks ago that you were going to actually keep Discovery as a standalone product. 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? It's 1 of the biggest value creation opportunities for us. It reminds me of my time at NBC when Thursday Night was must-see TV. 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 at the end of the day, the consumer is at a point in time where they want more choice and better breadth of choice from fewer services, because they just don't have either share of wallet to be able to spending on five, six, seven services anymore. View this post on Instagram 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. The replay can be accessed by phone by dialing +1 877-674-7070 or +1 416-764 . On Location Casting ATLANTA area, GA (SAVANNAH/JEKYL ISLAND) BACKGROUND Casting Notice *Warner Bros FEATURE FILM: "The Color Purple-The Musical' By Kevin P. King - March 10, 2022 684 0 Advertisements On Location Casting ATLANTA area, GA (SAVANNAH/JEKYL ISLAND) BACKGROUND Casting Notice Advertisements Do your homework, find out if the casting call is legit, find out who the casting director is for the show or movie and make sure everything matches up. Studio. 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 Social media explodes and people are calling their family and friends to talk about what they saw. We're excited about JV's product relaunch in the second quarter, but those are uncertain factors that's very early in the year. 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. And HBO is streaming's new must-see TV with all of its cultural impact and excitement. Use the form below to submit your basics and we'll reach out to you when the next big film casts! 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. And we have high hopes for all of these metrics after the combined product launches to further improve. Thank Sure. We're assuming that. 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. 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. We've accomplished a significant amount in 2022, and I'd like to take this opportunity to thank the entire finance team for their persistence and resolve in working through these very difficult but necessary first steps, which has resulted in greater command, control and precision across the enterprise and laid the foundation on which we are positioning the company. Some of them we may find we need to adjust, but we feel really good about where we are, and we're accelerating forward. I can't wait for The Flash to hit the theaters in June. In addition to all of our entertainment and nonfiction, we do have all of our news and sports. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. Please disable your ad-blocker and refresh. This information is only for educational purposes use. Netflix Reality Series Audition 2023 Casting Calls. 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. No question about that. Today, I'm thrilled to announce that Mike and Pam signed a deal to make multiple Lord of the Rings movies. 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. Adjusted EBITDA decreased 7% as revenue declines were partially offset by lower content expenses as well as lower personnel and marketing costs, in part reflecting our cost synergy efforts. And then on the cost side, all of the trends are pointing in the right direction. 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. Many of those people are going to want to move up to a bigger product, more robust with a bigger offering. Everybody has a strategic focus on improving free cash flow, market share for each of the businesses. We have a great hand and we're doing a lot right. I'd like to ask about advertising trends you're seeing and maybe kind of advance this discussion a bit more. Batman Day - September 17, 2022. We said starting last August, we believe in profitable scale. No, the only thing I would add is from the perspective of cyclical versus secular, there's no doubt. We see better engagement, better churn, which makes marketing efficiencies come up. So those candidates who are interested must have checked the companys full details. 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. 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. 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. In addition to less activity in home entertainment, given the leaner theatrical release schedule in 2022, which was very much a result of deliberate decisions we made about specific titles and overall release dates. Apply Here: NickOnlineOpenCall.nick.com Parents/guardians please email: NickOnlineOpenCall@nick.com for more info. 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. We are laser-focused on delivering against our high-level strategic, operational and financial targets, and the three pillars that comprise our core principles. . The casting of a young Leta would suggest that her character might have a bigger role in the sequel. 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 so we are a storytelling company. But I always would err toward price, because I think that's where you really build asset value. This company every year give up the chance for new talents. The market is -- the macro environment is very challenging. 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. We have profitable subscribers that are very happy with the product offering of Discovery+, why would we shut that off. Arguably, we've done a little worse than that, partly driven by the scheduling or the sports schedules that David mentioned a couple of minutes ago. 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 continue to be the place creators are choosing to bring their visions to life. Participants must have the right to work in the United States or Canada. 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. August 15, 2022 10:20am. Warner Bros. is a global leader in all forms of entertainment, from movie and TV screens to mobile devices, store shelves and beyond. And we continue to track above our internal plans. 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. 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. 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. Reportedly Cancels 'Wonder Woman 3' Warner Bros. 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. Yes. The Warner Bros. Television Workshop is the premier program for new writers and. You may now disconnect. We have a lot of motion picture content that we're reworking and making a lot of progress with. 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. 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. And I think there was a lot left on the table. 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. 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? We got to take those swings. Discovery and sort of the earnings power of the organization? And I think I just only add go ahead. Just simply that for those that have Discovery right now, the churn is very low and it's profitable, Discovery+. 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. 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. And having some of that content appear on our platform and sell it nonexclusively to others is very economically beneficial. I want to follow up on the streaming discussion. 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. And so we're feeling more and more confident about that. Thank you for attending today's presentation. Discovery, Q4 2022 brought a hefty price: A net loss of USD 2.1 billion due to declining ad sales revenue figures. But that said, there's always going to be a place for quality content and we're open for business. Delivering the latest news and official products from the Wizarding World and our partners. 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? China calls for Russia-Ukraine cease-fire, . These are huge numbers, particularly in today's day and age of binge viewing, when there is so much content to choose rooms. With that, I'll turn it over to Gunnar, and he'll walk you through the financials for the quarter. That's the power of streaming. We believe that when you have content that is so good that it hits the gist. Discovery The move is part of CEO David Zaslav's self-imposed mandate to find $3 billion in synergies between the two companies. 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. The product will offer compelling content for every member of the household. And we don't yet have, we think, a strong enough position in that market. 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. They want -- they want to have an opportunity for their content to be seen, to be talked about, and they want to feel respected. The studio is the flagship producer of live-action feature films within Warner Bros. Is there any of your content that's definitely off the table to be included in that service? Every week, a new episode comes out and by the time the next one airs a week later, tens of millions of people have watched the last episode. Really trying to understand how much of the ad impact that you're seeing is kind of coming from the macro environment? There's been an increasing discussion recently about what the right general entertainment content strategy supposed to be for media companies as your models continue to pivot and become more streaming-centric. Last year was a year of restructuring. And then if you loved it, you can come up and you could then pay for on ad-lite or in subscription. 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. Though we are assuming that things will get better in the second half. On Friday, AT&T handed off Warner Bros. to Discovery Inc. as part of a $43 billion merger. To apply for the Fantastic Beasts open casting call, email [emailprotected] with a recent colour photograph, (i.e., taken within the last two months), contact telephone number, your home address and date of birth. An unrepentant Zaslav turned up on Thursday to bask in the afterglow of positive quarterly financials: $6 billion in debt repaid since the merger, a combined 1.7 million new subscribers to HBO Max . 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? And Brett, just to be clear, the Discovery content would still be available on the bigger relaunched combined product. And we take advantage of all the content that we have. Warner Bros. 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.. Accordingly, we expect free cash flow in the first quarter to be negative. The decisions we've made and the strategies we've set in motion 10 months ago have created a solid foundation and we're starting to see strong momentum. And to that point, I have no doubt that we have years and years of that coming our way. In terms of the market itself, it's -- as I've said before, it's not a good environment. With respect to these initiatives, we are working on a total potential opportunity of $5 billion over the next few years. Starting with the Studio segment. 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. On FAST, look, the strategy is, I think, back to some of the questions earlier, at the end of the day, one of the advantages we feel like we have is the question keeps coming up about windowing. 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