I am proud of what we achieved in 2022 against the targets we set out in the summer and against an increasingly challenging environment in the second half of the year, and I'm proud of the momentum we have built exiting the year. Looking ahead within the Studio, 2023 will be a pivotal year, particularly behind our larger and broader release slates at both Warner Bros. Pictures and DC, not to mention a wonderful start with Hogwarts Legacy on the game side. One of them is off to a very good start. We've already seen more than $850 million in retail sales, and we still have more platforms launching over the next few months. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. 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. We have a great hand and we're doing a lot right. DC Comics. Thank you, David. Yes. 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. 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. 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. What's in there for upside, which is something that you didn't really talk about that much, but it's new? 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. We have an unusual situation. We have an exceptional leadership team that is truly aligned across a common set of strategic, operational and financial goals and metrics. All U.S. extremist mass killings in 2022 linked to far right, . And we're able to align our networks on a coterminous basis with these distributors. Turning to consolidated results and free cash flow. Hello, everyone, and thank you for joining us. In answering that question, you reiterated something you'd said before, which was an intent to fold the Discovery content into the new product. 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 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. 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. We must get it right. They are also looking for actors between 16 and 18 to portray both Gellert Grindelwald and Albus Dumbledore as teenagers. And then, Gunnar, you sound very bullish and confident on the D2C targets, the $1 billion of EBITDA in '25. Warner Bros. 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. SVOD and ad-lite tiers and a significantly enhanced product platform to drive better performance, improved user experience and stronger engagement. We've gone through a couple of the puts and takes here. And then if you loved it, you can come up and you could then pay for on ad-lite or in subscription. August 15, 2022 10:20am. Let me start with the second. Netflix Reality Series Audition 2023 Casting Calls. 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. Discovery advantage. Warner Bros. is a global leader in all forms of entertainment, from movie and TV screens to mobile devices, store shelves and beyond. 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. Is there any of your content that's definitely off the table to be included in that service? As the only studio scaled in gaming, we see it as a meaningful differentiator with substantial opportunity. We're putting these targets here out for 2023 with the same mindset that we want to hit or outperform that guidance. And getting ready for our new launch. Warner Bros. And consistent with our overall commitment to great storytelling, we delayed the launch to get it right. And then on the cost side, all of the trends are pointing in the right direction. "We are looking for: single women and men between the ages of 23-35," the official Warner Bros casting call reads. We've got some tests going on and it's very early, but some of the numbers that are coming in are looking exciting. 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? To participate in the Warner Bros. So a lot to be looking forward to. It's working. We can put that down on our AVOD service. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. We work, grow and create world class content in one of the biggest, busiest studio lots in the industry, as well as at countless studios, sets and offices around the globe. Discovery, Inc.. But we'll take you through what that plan is and how we intend to do it on the 12th, but well locked and loaded. 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. The market is -- the macro environment is very challenging. NOW CASTING PAID EXTRAS (Ages 30 +) to portray ROADSIDE MOTEL GOERS for the NEW DC Comic series "NAOMI" for FRIDAY, 1/21/2022. Here through this post, we are also providing complete necessary details about the Warner Bros Pictures Casting Directors Dates Roles. Looking for Pottermore? Brought to you by Wizarding World Digital, a partnership between Warner Bros. and Pottermore. We have full command and control of our business, and we are one company now. 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. filming in Atlanta, GA. COVID TEST: TUESDAY JANUARY 10, 2023 FILM (1 DAY BOOKING) - WEDNESDAY JANUARY 11, 2023 RATE: $175/12 (DAILY) + $25 COVID During the WBD quarterly earnings call, Zaslav . 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. 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. 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. 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. [Operator Instructions] Our first question comes from Jessica Reif Ehrlich with Bank of America. 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 having some of that content appear on our platform and sell it nonexclusively to others is very economically beneficial. 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. Discovery Is America's Worst-Run Company,Mismanagement has ruined whatever success Warner Bros. I'm just wondering if you can talk about some of these assumptions. Delivering the latest news and official products from the Wizarding World and our partners. The only other thing I'd add, Ben, is for us, it's not just a question of subscriber scaling. Does that include any potential asset sales like nonstrategic asset sales? MACON RUSH CALL BACKGROUND Casting Notice *Warner Bros FEATURE FILM: "The Color Purple-The Musical' LOCATION: Macon, GA By Kevin P. King - April 7, 2022 487 0 Advertisements On Location Casting *RUSH CALL* - TODAY! The closing date for applications is Tuesday, 20 June 2017 at midnight GMT. And I think that diversity is strength. 2023 will be a year of building and off we go. We see price as a very important second part. 4 talking about this. 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 we're curating now in a way that's having an impact on America. We also made a decision in the upfront to drive price rather than extra volume. The Warner Bros. Television Workshop is the premier program for new writers and. Warner Bros. Content alone is really only half of the equation. Apply Here: NickOnlineOpenCall.nick.com Parents/guardians please email: NickOnlineOpenCall@nick.com for more info. We're also excited for the release of 4 DC films this year, starting with Shazam in 2 weeks and followed by The Flash, which James Gunn called 1 of the greatest superhero movies ever made, a masterpiece. Some of them we may find we need to adjust, but we feel really good about where we are, and we're accelerating forward. Discovery. 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 . As you look out to '23, I think Gunnar kind of touched on some of the potential tailwinds, but it sounds like you're walking away from close to $12 billion in EBITDA to maybe low to mid-$11 billion in EBITDA. Table of Contents This information is only for educational purposes use. I believe Warner Bros. TV is the greatest quality maker of content in the world. There hasn't been a stand-alone Superman movie in a decade. We are more confident than ever that we have the right strategy to be successful and ultimately achieve our goal of being the greatest media and entertainment company in the world. 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. It's working. She's also restructured the team with development-focused doers, who are running this portfolio as one integrated portfolio. Our strategy is no sub left behind. And after just 5 weeks, an astounding 35 million people have watched episode 1. We have Channing and her team right now with the #1 or #2 show on almost every platform in America where we're selling to all of our -- to our peers in the business. Having said that, as we face this next upfront, which is coming up in two months, I think the breadth of our content together with where we go in on price, positions us very well. We have command and control of each of the businesses. And so I think that is key to us in terms of building the long-term strength. But I always would err toward price, because I think that's where you really build asset value. That's what we're looking to primarily deliver. But that said, there's always going to be a place for quality content and we're open for business. Well, one of the big advantages that we have, Brett, is that we have this diversity of content. Discovery is a storytelling company and we are very fortunate to have a huge share of the most beloved and globally recognized storytelling IP in the world, including Harry Potter, Game of Thrones, Superman, Batman, Lord of the Rings, and we intend to take full advantage of these one-of-a-kind franchises across our various platforms. We took bold decisive action over the last 10 months and the bulk of our restructuring is behind us. The scatter market overall is very slow, I would say, steady to maybe a little bit better than it was in the fourth quarter. We have profitable subscribers that are very happy with the product offering of Discovery+, why would we shut that off. Sep 2, 2021 Seeking young performers for Nickelodeon's nationwide (US and Canada) Performers with Disabilities Open Call! Don't forget the 12+ hour blocks of five year old movies every weekend. Warner Bros. TV Group chairman Channing Dungey, in a memo to employees, explains cuts that will lead to the loss of 125 positions (including 43 vacant slots) - 26% of the division's total workforce. 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. The studio is the flagship producer of live-action feature films within Warner Bros. John Oliver in season nine of "Last Week Tonight With John Oliver." Paula Lobo/HBO. Currency was an approximate $100 million headwind to EBITDA for the quarter and near $200 million headwind for the full year. I'll just take a swing at it, Gunnar, you can follow. Is this happening to you frequently? This phenomenon can go for eight, 10-plus weeks for each series. CAB Castings, LLC. 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. We have the largest maker and seller of content in the world, and while we've got lots more to do, we are increasingly seeing positive traction and strong proof points. You've been ahead of the curve here, but it seems like everyone these days is reshaping their streaming strategy in pretty profound ways, whether it's their org structure, their content spend, types of content investments, philosophy around content exclusivity and licensing, international, pricing and just so much more. Discovery Cuts Scripted Programming at TBS, TNT. 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. 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. If all else fails, take your mother's advice - if it seems too good to be true, it probably is. And basically, we create a flywheel of our own, where we own the full ecosystem, the subscription, the ad-lite and the ad free. Kathleen is doing a lot of work, getting the enormous value of our library on screen. The company's properties are divided into nine business units, including the flagship Warner Bros. film and television studios, comic book . And the good news is we've had a real chance to look at content on each of the platforms over the last two years. 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 . And once we establish this funnel, then we can take things like the first season of succession or the second season. 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. As always, we are not managing this company for short-term financial performance, but rather with the next 100 years of this vibrant creative organization in mind. Partially offsetting revenue headwinds were lower content expenses, distribution fees and marketing costs. We got some of the best creatives in the industry right now focused on those swings. Discovery. NOW CASTING PAID EXTRAS, AGES 18+ to portray WHITE HOUSE STAFF for new NETFLIX & Tyler Perry Studios movie SIX TRIPLE EIGHT (6888). And the best thing that we have going for us right now is all of that hard work that we did, and it was probably two years of work that we did in 10 months, it's now almost -- it's overwhelmingly behind us. Really trying to understand how much of the ad impact that you're seeing is kind of coming from the macro environment? Maybe help us think about the levers you have and your expectations around top line over the next few years? Your email address will not be published. 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. Everybody has a strategic focus on improving free cash flow, market share for each of the businesses. Overall, 14% of . Channing is the best example of that. MACON Advertisements RUSH CALL BACKGROUND Casting Notice *Warner Bros FEATURE FILM: "The Color Purple-The Musical' LOCATION: Macon, GA And on the 2023. It comes after HBO and HBO. But I also think we're very well positioned to grow from here. Discovery's Q4 Earnings Call. And on the traditional side, we renewed agreements representing 30% of our U.S. affiliate revenues. 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? The Hogwarts game, we took several additional months to rework it, to get it right. 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. Interested in future casting calls or joining our casting division? And the newest hits, Night Court on NBC and Shrinking on Apple TV. 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. . Revenue decreased 6% as global advertising revenues declined 14% and distribution revenues decreased 2%. If they ask you to pay a fee in order to audition for a specific role, it's most likely a scam. 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 Look, I mean on the content spend, Remember, all our strategy changes leading to the content restructuring and write-offs over the course of last year, obviously, that's going to flow through cash as well as we adjust. We reduced EBITDA losses by $500 million year-over-year to $200 million in Q4, supported by 1.1 million net sub adds in the quarter. "I was in the movie 'Grown Ups'. 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. The Voice, the #1 most watched unscripted show on network TV. Yes. 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