There have been some media reports a few weeks ago that you were going to actually keep Discovery as a standalone product. 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. 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. Studio. Chris Licht and the team are focused on building an asset for the long term across cable and digital that is worthy of that great global brand. 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? Brought to you by Wizarding World Digital, a partnership between Warner Bros. and Pottermore. And that is what all great talent wants. These are huge numbers, particularly in today's day and age of binge viewing, when there is so much content to choose rooms. Faith Wood-Blagrove beat thousands of other young actresses to the role of Modesty in Fantastic Beasts, and Evanna Lynch was chosen for the part of Luna Lovegood out of 15,000 other young women following open casting in 2006. Discovery might have had. Accordingly, we expect free cash flow in the first quarter to be negative. It's working. And on the 2023. Disclaimer: Audition free of cost for more information visit the respective official site. NOW CASTING PAID EXTRAS (Ages 30 +) to portray ROADSIDE MOTEL GOERS for the NEW DC Comic series "NAOMI" for FRIDAY, 1/21/2022. And once we establish this funnel, then we can take things like the first season of succession or the second season. Thank you, Jessica. This year, we celebrate the storied Warner Bros. Studios 100th anniversary with a deepened commitment to telling quality, diverse stories, with the power to entertain, inspire, and when we are at our best, impact or even change the culture. If you look at The Last Of Us, it was growing every week, Euphoria, to be able to deliver 20 million, 30 million, 35 million people in America watching and to have it be a conversation. 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. 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. 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. Sir, you may now begin. 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. No, the only thing I would add is from the perspective of cyclical versus secular, there's no doubt. And when you tell them a great story and they get to experience it with others, either in a packed theater or on a Sunday night, it really is magic. In addition to all of our entertainment and nonfiction, we do have all of our news and sports. The gaming business is all consumer product driven. 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. Such a move has been expected for quite some time, given Warner Bros. Join the Fan Club and bring your traits with you. We're excited about JV's product relaunch in the second quarter, but those are uncertain factors that's very early in the year. Casting for teenage Dumbledore follows on from the news that Jude Law will play the adult character in the Fantastic Beasts sequel. If there is interest in pursuing an application further, the applicant will hear back within 14 days of their original submission. - David Spade, 'Nothing Personal' 2022. And HBO is streaming's new must-see TV with all of its cultural impact and excitement. 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 I think our diversity, we have all these different assets that have -- that are different. 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. So I think we're very well positioned. The forward-looking statements include comments regarding the company's future business plans, prospects and financial performance. In providing projections and other forward-looking statements, the company disclaims any intent or obligation to update them. 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. Though we are assuming that things will get better in the second half. I'd like to ask about advertising trends you're seeing and maybe kind of advance this discussion a bit more. 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. So there was 60% that was hardly being viewed. Really trying to understand how much of the ad impact that you're seeing is kind of coming from the macro environment? To participate in the Warner Bros. International, some areas actually trending up now, others still difficult. (Photo by Santiago Felipe/Getty Images) Warner Bros. John Oliver poked at HBO's parent company, Warner Bros. J.B., anything to add to 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. Here through this post, we are also providing complete necessary details about the Warner Bros Pictures Casting Directors Dates Roles. The efforts ongoing enterprise-wide are helping to turn the flywheel and grow and improve our businesses, and we see so much opportunity ahead. We continue to expect to convert 1/3 to half of EBITDA into free cash flow, as I stated earlier, with the key determinants and drivers of growth being the magnitude of EBITDA, net cash content spend, the impact of working capital initiatives, and the timing and magnitude of a trend change in the advertising market. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. 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. Despite the full integration of Warner Bros. 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. Warner Bros. We've effectively done that now, but we had to take two different sales teams and pull them together. We also made a decision in the upfront to drive price rather than extra volume. Discovery in which we took some pivotal initial steps. Our next question comes from Michael Morris with Guggenheim Partners. One of them is off to a very good start. 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. We have full command and control of our business, and we are one company now. Discovery and sort of the earnings power of the organization? For us, 2023 is a year of building. A replay of the call will be available approximately two hours after the completion of the call until August 11, 2022. Casting Australia (@warnerbroscastingau) We're also thrilled by what we're seeing coming out of our games business, which represents a core part of our overall strategy. media commentator focused on TV Production, Consumer Tech, SVOD & Sports Broadcasting . Well, look, we were laser-focused on building this DC 10-year plan. We believe that when you have content that is so good that it hits the gist. This company every year give up the chance for new talents. I think the focus right now is obviously continuing to on the expanded entertainment offering, and we think the complementary of the HBO Max and Discovery+ entertainment offering is significant and will be a major step forward for consumers, who are looking for simplified number of choices, more breadth of options in terms of content all in 1 place and for good value. And for us, DC alone will be -- could and should be a game changer. And together, we are focused on making our businesses better and stronger. Turning to the total company EBITDA outlook. 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. filming in Atlanta, GA. COVID TEST: TUESDAY JANUARY 10, 2023 FILM (1 DAY BOOKING) - WEDNESDAY JANUARY 11, 2023 RATE: $175/12 (DAILY) + $25 COVID 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. 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. 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. And on the potential for the balance sheet, the balance sheet improvement is very encouraging. WIZARDING WORLD Publishing and Theatrical Stage Rights J.K. Rowling. Those shows had a supersized effect on people and culture. I mean, pot levels in the industry, I think, were down 14% in the quarter. 7,362 Followers, 2,443 Following, 99 Posts - See Instagram photos and videos from Warner Bros. That's the power of streaming. And we can create a Tubi or a Pluto without buying content from anybody by just being able to put it on ourselves. And we're able to align our networks on a coterminous basis with these distributors. And then on the cost side, all of the trends are pointing in the right direction. And where does the WBD fit in that? Warner Bros. We see price as a very important second part. 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. The program was created to provide undiscovered and underrepresented actors, particularly people with disabilities, Indigenous, MENA, and Trans . We'll do a full presentation on April 12, which will lay out this significantly improved product, the launch, what will be on it. We are committed to continue executing our strategic initiatives to drive top line performance and with much repositioning behind us, we are beginning to fully lean into the opportunities ahead of us. We'll definitely -- we're definitely planning for revenue improvement. 53 min read Participants Andrew T. Slabin; EVP of Global Investor Strategy; Warner Bros. Table of Contents 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. 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 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. And then if you loved it, you can come up and you could then pay for on ad-lite or in subscription. And there's a number of uncertainties as you wouldn't be surprised to hear. 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. 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. 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