SVOD and ad-lite tiers and a significantly enhanced product platform to drive better performance, improved user experience and stronger engagement. Here we have mentioned the name of the founder below here on page read it carefully. We can take you into the theater around the world. 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. Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. We believe in it because we believe we have the best menu of content, the best portfolio, the best quality. And on the traditional side, we renewed agreements representing 30% of our U.S. affiliate revenues. 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. Q&A session is now closed, which concludes today's conference. We'll do a full presentation on April 12, which will lay out this significantly improved product, the launch, what will be on it. 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. The efforts ongoing enterprise-wide are helping to turn the flywheel and grow and improve our businesses, and we see so much opportunity ahead. Appreciate all the information you just shared. The scatter market overall is very slow, I would say, steady to maybe a little bit better than it was in the fourth quarter. In recent weeks, we signed new deals with a number of the most prolific and celebrated creatives in the industry, including Greg Berlanti, Baz Luhrmann, M. Night Shyamalan, Akiva Goldsman and Zach Cregger with more to come. Warner Bros. 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. 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! John Oliver poked at HBO's parent company, Warner Bros. They want -- they want to have an opportunity for their content to be seen, to be talked about, and they want to feel respected. Head of the Localization Department at Warner Bros. Games Montreal.<br>Extensive experience in video-game internationalization and localization engineering into +15 languages. It's about the sustainability and the longevity the free cash flow being delivered by that segment. Stay tuned for more to come on this front. In all that we do, we are guided by three strategic pillars. 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. And that is what all great talent wants. Oh, on FAST. That is what we're tracking in our system today, specific initiatives with associated direct financial impact, responsible owner and detailed milestone plans. There have been some media reports a few weeks ago that you were going to actually keep Discovery as a standalone product. And so I think that is key to us in terms of building the long-term strength. And we've also introduced digital advertising on HBO, which advertisers are very excited about being able to be in these marquee shows. The sequel to Fantastic Beasts and Where to Find Them is slated for release 16 November 2018, and filming begins this summer. This company every year give up the chance for new talents. 3 min read. 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. Warner Bros. Thank Sure. In addition to all of our entertainment and nonfiction, we do have all of our news and sports. It's just too early to really call a trend change here. 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. Margot Robbie, who plays Barbie, is instantly as Barbie-esque as you could imagine, all blond hair and smiles and bright pink car. BURBANK, Calif. Due to the unprecedented global pandemic caused by the novel Coronavirus, Warner Bros. Television's Casting department launched a unique virtual "Actors in Training" initiative this summer designed to connect the Studio with emerging actors who may have had their final year of dramatic training curtailed or negatively impacted 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 then if you loved it, you can come up and you could then pay for on ad-lite or in subscription. On Friday, AT&T handed off Warner Bros. to Discovery Inc. as part of a $43 billion merger. The casting of a young Leta would suggest that her character might have a bigger role in the sequel. 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. We are laser-focused on delivering against our high-level strategic, operational and financial targets, and the three pillars that comprise our core principles. 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. During the WBD quarterly earnings call, Zaslav . Just what should we expect in terms of '23 versus '22? Warner Bros. didn't even have the courtesy to give the "Batgirl" cast and creative team a bat signal that their movie was being locked away in Arkham. Sure. We're excited about JV's product relaunch in the second quarter, but those are uncertain factors that's very early in the year. We're assuming that. 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. 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. Disclaimer: Audition free of cost for more information visit the respective official site. The only other thing I'd add, Ben, is for us, it's not just a question of subscriber scaling. And I think there was a lot left on the table. We believe strongly in the importance of the motion picture window and having that shared experience with other people. 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. #inclusion #performerswithdisabilities #Disabilityawareness It's a wow. 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. Maybe help us think about the levers you have and your expectations around top line over the next few years? If they ask you to pay a fee in order to audition for a specific role, it's most likely a scam. 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. [Operator Instructions] I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. - David Spade, 'Nothing Personal' 2022. We haven't done a Superman movie in 10 years. Really trying to understand how much of the ad impact that you're seeing is kind of coming from the macro environment? There's loads of content out there. Aug 9, 2022, 8:40 AM. Warner Bros. Yes. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. I'm just wondering if you can talk about some of these assumptions. WBD 15.42 +0.67 Warner Bros. On the advertising side, it's kind of a complex answer. On direct-to-consumer, we are making meaningful progress on our goal to achieve real profitability in streaming, a key and powerful segment of our company. We've gone through a couple of the puts and takes here. Don't forget the 12+ hour blocks of five year old movies every weekend. August 4, 2022 04:30 PM ET. That's the power of curation. 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. As the only studio scaled in gaming, we see it as a meaningful differentiator with substantial opportunity. I'll talk more about that in a minute. Participants must have the right to work in the United States or Canada. And together, we are focused on making our businesses better and stronger. 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. We're going to be releasing 12 films, 6 games. Casting Australia (@warnerbroscastingau) 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. 4 talking about this. Among them, the integration and repositioning of our global finance organization through which we implemented a number of initiatives to drive efficiency and better support the company's long-term sustainable growth. Lord of the Rings is one of the most iconic storytelling franchises of all time and we're so excited. 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? You have so many hidden assets within the company. Discovery, we believe we have the strongest hand in the industry, with the most complete portfolio of assets and globally renowned franchises, personalities and storytelling IP, across sports, news, nonfiction and entertainment, in virtually every region of the globe and in every language. The studio is the flagship producer of live-action feature films within Warner Bros. We said starting last August, we believe in profitable scale. 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.. Operator. And that gives us real optionality in terms of nourishing audience for growth and for reduction in churn and for overall price value. 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. is looking for PAID EXTRAS for a new series on THE CW based on DC Comics series "NAOMI" that will be filming here in Atlanta, GA. No, the only thing I would add is from the perspective of cyclical versus secular, there's no doubt. And on the 2023 outlook, look, it's early in the year. Our final question comes from John Hodulik with UBS. Some of them we may find we need to adjust, but we feel really good about where we are, and we're accelerating forward. We're also thrilled by what we're seeing coming out of our games business, which represents a core part of our overall strategy. Turning to the total company EBITDA outlook. Discovery to Merge Streaming Services James Gunn, and Peter Safran were Appointed to Be Executives of DC Studios 'Stranger Things' Caleb McLaughlin Says He Wants to Place 'Static Shock' Margot Robbie on Lady Gaga Cast to Play Harley Quinn in 'Joker 2' And we were able in the upfront to drive price significantly more than all of our peers. The gaming business is all consumer product driven. The poor actors and directors of the . And to that point, I have no doubt that we have years and years of that coming our way. . And we take advantage of all the content that we have. James was writing Superman. This company is found in the years 1923. It's significantly better outside the U.S. right now, which is a surprise. But curation, creating content at a time when people can watch it, creating a community conversation. I think it could and should be huge because it wasn't being pushed on. We have a lot of points to be very excited about. The other point that is front or set up for us is curation. 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. Her Barbie looks like a version of Robbie's Sharon Tate, or. 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. And with that, I am pleased to turn the call over to David. 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. Discovery Is America's Worst-Run Company,Mismanagement has ruined whatever success Warner Bros. Our next question SP1 Comes from Robert Fishman with SVB MoffettNathanson. I believe Warner Bros. TV is the greatest quality maker of content in the world. And curating content so that people can watch it and have a shared experience is a very big piece of the Warner Bros. Reportedly Cancels 'Wonder Woman 3' Warner Bros. And HBO is streaming's new must-see TV with all of its cultural impact and excitement. The studio is the flagship producer of live-action feature films within Warner Bros. So that is having some impact on us versus others that were -- that took a much bigger position in the upfront. Young Sheldon, network TV's #1 comedy. Webcast. I'll just take a swing at it, Gunnar, you can follow. We're committed to creating shows that people really want to watch, and they also want to experience them with other people. 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. 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. Sir, you may now begin. Warner Bros. Those shows had a supersized effect on people and culture. We've rightsized the content investments. 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. Warner Bros. Turning to Networks. Well, one of the big advantages that we have, Brett, is that we have this diversity of content. 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. The Warner Bros. Television Workshop is the premier program for new writers and. Photo: Kevin Dietsch/Getty Images. In every country, they'll leave dinner and they got to go home to view that product that they love. 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? CAB Castings, LLC. 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. And we're able to align our networks on a coterminous basis with these distributors. I remain very optimistic about the range of potential outcomes in 2023 and beyond. 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. During the fourth quarter of 2022, Warner Bros. Table of Contents And that is the culture here at Warner Bros. That HBO Max, whatever we call it on the launch, is a product that we take around the world and that has a real impact on how people consume content. As expected, performance was negatively impacted by lower TV licensing revenues against a very tough comp last year, something well face again in the first quarter of 2023. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. 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. We definitely are planning for an inflection on the revenue side. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. 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. One of them is off to a very good start. The sentiment is not terrific. 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 . This is some of the most recognized and beloved storytelling IP in the world, and we're excited to tell even more of those stories. 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. Our strategy is no sub left behind. If you have an ad-blocker enabled you may be blocked from proceeding. We have an exceptional leadership team that is truly aligned across a common set of strategic, operational and financial goals and metrics. No. And now we're -- this year, you're going to see us fighting on DC. Obviously, successful films will help your Studio segment earnings. So those candidates who are interested must have checked the companys full details. 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 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. The company's properties are divided into nine business units, including the flagship Warner Bros. film and television studios, comic book . And we could see, for instance, at HBO, the majority of viewership of content on HBO was only 40% of the content. It comes after HBO and HBO. On page read it carefully will help your studio segment Earnings a common set of strategic, operational and goals... Old movies every weekend reports a few weeks ago that you 're seeing is kind coming. 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