The poor actors and directors of the . It's working. And the response from consumers has been overwhelmingly positive. In answering that question, you reiterated something you'd said before, which was an intent to fold the Discovery content into the new product. With that, I'd now like to turn it back to the operator, and David, JB and I will take your questions. Kathleen is doing a lot of work, getting the enormous value of our library on screen. And there are times when our share is significantly higher with marquee events, such as March Madness and the MLB and NBA playoffs. 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. And with the breadth and depth of content that we have across the company, we think we're very uniquely able to do that without jeopardizing or risking the subscription business, the theatrical business or some of our upstream windows, which we'll obviously continue to focus on. China calls for Russia-Ukraine cease-fire, . Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. 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. 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. Discovery CEO David Zaslav said the retooling of CNN 'isn't going to happen overnight.'. International, some areas actually trending up now, others still difficult. The closing date for applications is Tuesday, 20 June 2017 at midnight GMT. It's just too early to really call a trend change here. And then on the affiliate side, renewing 30% of your affiliate deals. We've contended with recent share shifts away from our portfolio during the NFL and College Football season and the World Cup. 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 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. Let me start with the second question. Successfully localized over 75 titles and worked with over 50 different studios since 2005:<br> Warner Bros. Montreal (April 2013 - Present): Batman: Arkham Origins, Middle-Earth: Shadow of Mordor, Batman: Arkham . But in order to do that, we took less volume than we could have. But I always would err toward price, because I think that's where you really build asset value. The creative co-lead and co-chairman of DC Studios have confirmed the entertainment studio is separate from Warner Bros. Pictures Group As per CBR via the social news aggregate website, Reddit . Q4 revenue growth of 6% against the 12% decrease in combined operating expenses led to a significantly reduced EBITDA loss of roughly $200 million, a $500-plus million improvement year-over-year, notwithstanding a largely content-driven 6% increase in cost of revenue. 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. These statements are made based on management's current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results to differ materially from our expectations. Naturally, and as I have said before, not all of these initiatives will come to fruition or get realized to the full extent, but this represents a significant pipeline for us as components of both near-term cost out and longer-term continuous improvement. And we are still in the early stages of bringing this comprehensive portfolio together and harnessing all that it can deliver. But I also think we're very well positioned to grow from here. Christian Zilko These are huge numbers, particularly in today's day and age of binge viewing, when there is so much content to choose rooms. The film is set decades before Harry Potters adventures at Hogwarts, and marks an increasingly dark time for the wizarding world. Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. Revenue decreased 6% as global advertising revenues declined 14% and distribution revenues decreased 2%. Nov 3, 2022 2:02pm PT Warner Bros. The company's properties are divided into nine business units, including the flagship Warner Bros. film and television studios, comic book . Warner Bros. It's working. 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. It's working. Please. 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. 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. 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. Maybe help us think about the levers you have and your expectations around top line over the next few years? We see churn as a third important variable that historically has been relatively higher on the HBO Max product that with the two products coming together, that ultimately coming down is important. Warner Bros. Discovery Second Quarter 2022 Earnings Call. Discovery, for canceling "Batgirl . They are also looking for actors between 16 and 18 to portray both Gellert Grindelwald and Albus Dumbledore as teenagers. 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. 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? "I was in the movie 'Grown Ups'. CASTING SUBMISSION - Actors & Extras We've gone through a couple of the puts and takes here. This phenomenon can go for eight, 10-plus weeks for each series. The casting of their teenage incarnations as well as those of Newt and Leta will be sure to intrigue Harry Potter fans, and drive further speculation about the next films story. 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. 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. 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. Warner Bros. Channing is the best example of that. Discovery. Warner Bros. And we don't yet have, we think, a strong enough position in that market. It comes after HBO and HBO. But the digital inventory, which really held up in the fourth quarter has also softened. But as David said, we've got sports and news that today are really untapped in the streaming world, and those are optionality for what we might be willing to do in the future, and we'll share more of that on the 12th with you with more detail. 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? Newt Scamanders relationships and past remain enigmatic, so any glimpse into his formative years will be huge for the character. Is that -- it sounds like you guys have, on the one hand, a lot of new programs, a lot of new movies and a lot of new initiatives; but at the same time, pulling some content on the floor. Sure. The replay can be accessed by phone by dialing +1 877-674-7070 or +1 416-764 . Reportedly Cancels 'Wonder Woman 3' Warner Bros. And it's the same principle with theatrical, perceived value of content increases when there's a great expectancy and excitement. That said, there's still more that we need to get right and we are hard at work. Number two, partnering with our business leaders to embrace a more rigorous analytical framework through which capital allocation decisions will be viewed, particularly as we refine how our content is monetized and windowed. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. 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. The Foxtel Group has today officially confirmed details of a major new content and platform agreement with Warner Bros. We met with 186 of the top leaders in -- for a week in early January. And we could see, for instance, at HBO, the majority of viewership of content on HBO was only 40% of the 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. And that isn't critical to or helpful to churn. Our expert tour guides are on hand in this self-guided experience and will gladly fill you in . Really trying to understand how much of the ad impact that you're seeing is kind of coming from the macro environment? Our next question comes from Kutgun Maral with RBC Capital Markets. Appreciate all the information you just shared. DC Comics. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. Discovery Increases Cost-Cutting Synergies Target to $3.5 Billion By Jennifer Maas Warner Bros Discovery Six months after the merger of WarnerMedia and. This is in part a function of a successfully executed synergy program and ongoing continuous improvement efforts. 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. But curation, creating content at a time when people can watch it, creating a community conversation. And later down the road, we're also obviously going to start looking at new market launches, again. #inclusion #performerswithdisabilities #Disabilityawareness 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. Participants must be fully vaccinated for COVID-19 and show proof of vaccination. 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. Discovery, Inc.. Discovery in which we took some pivotal initial steps. So I think that's something that's really resonating with the creative community that their content is seen, it's curated and it's elevated and that's part of the cultural conversation, both in the theater and on the platform. And that gives us real optionality in terms of nourishing audience for growth and for reduction in churn and for overall price value. We've heard the word curated. Warner Bros Pictures Casting 2023 Open Call Dates Roles Check here. Warner Bros. Obviously, successful films will help your Studio segment earnings. We're assuming that. During the fourth quarter of 2022, Warner Bros. Warner Bros. media commentator focused on TV Production, Consumer Tech, SVOD & Sports Broadcasting . 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! 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. We've already seen more than $850 million in retail sales, and we still have more platforms launching over the next few months. The gaming business is all consumer product driven. Operator. In every country, they'll leave dinner and they got to go home to view that product that they love. And we're curating now in a way that's having an impact on America. 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. https://forms.gle/pSmy15EJENw7foXi9 Advertisements In the meantime, we completed a new distribution agreement that puts HBO Max back on Amazon Prime video channels. The studio is the flagship producer of live-action feature films within Warner Bros. 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. Discovery The move is part of CEO David Zaslav's self-imposed mandate to find $3 billion in synergies between the two companies. So I think this is an exciting time because I think we're really -- we made some tough decisions. J.B., anything to add to that? View this post on Instagram Starting with the Studio segment. Presentation. WBD 15.42 +0.67 Warner Bros. Warner Bros. 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. I saw it and loved it. So we're excited about the fact that we're going to take all of the Discovery content and put it together with the HBO Max content in a much better platform. December 13, 2021. 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 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. Warner Bros. And so we want to optimize that as a unified strategy for the company. We got some of the best creatives in the industry right now focused on those swings. So David, as you said, '22 was a year of really heavy lifting and you had challenges really in every division, whether it was film, advertising, CNN, et cetera -- I mean, macro, et cetera, D2C. If all else fails, take your mother's advice - if it seems too good to be true, it probably is. Oh, on FAST. For those that are happy paying $5 or $7 and having home, food, Discovery and own type content. And Lord of the Rings, which is a fantastic franchise, Andy Jassy was pushing on it at Amazon with a lot of success, but we own those movie rights. The game was 1 of the most highly anticipated of 2023. Q4 revenues decreased 9% year-over-year, while adjusted EBITDA decreased 2%, helped by a reduction in consolidated SG&A by 22%, a bit more than we guided to. We've effectively done that now, but we had to take two different sales teams and pull them together. He presented that to you and the press about a month ago. That's what we're looking to primarily deliver. We have a lot of points to be very excited about. And Brett, just to be clear, the Discovery content would still be available on the bigger relaunched combined product. 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. 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. Social media explodes and people are calling their family and friends to talk about what they saw. I remain very optimistic about the range of potential outcomes in 2023 and beyond. 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. So again, as I said, a similar picture with more diversity. 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