And where does the WBD fit in that? And it is shared -- the platform itself for Discovery+ will be a shared platform. And as I've said before, net-net, that's not a segment where I would expect a sustained revenue growth. We have a lot of motion picture content that we're reworking and making a lot of progress with. This phenomenon can go for eight, 10-plus weeks for each series. And then on the cost side, all of the trends are pointing in the right direction. Overall, 14% of . Can you talk a little bit about the revenue outlook for D2C? Discovery. Presentation. Games & Home entertainment faced difficult year-over-year comps as well due to last year's COVID-induced tailwind for library content. And consistent with our overall commitment to great storytelling, we delayed the launch to get it right. The studio is the flagship producer of live-action feature films within 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. I saw it and loved it. 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 . The Warner Bros. Television Workshop is the premier program for new writers and. Discovery Second Quarter 2022 Earnings Call. This is one team now. Head of the Localization Department at Warner Bros. Games Montreal.<br>Extensive experience in video-game internationalization and localization engineering into +15 languages. The Foxtel Group has today officially confirmed details of a major new content and platform agreement with Warner Bros. We've got some tests going on and it's very early, but some of the numbers that are coming in are looking exciting. We generated $2.5 billion of free cash flow in Q4, bringing the reported full year free cash flow to $3.3 billion. But in order to do that, we took less volume than we could have. The replay can be accessed by phone by dialing +1 877-674-7070 or +1 416-764 . 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. 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. We have profitable subscribers that are very happy with the product offering of Discovery+, why would we shut that off. You may now disconnect. Wizarding World is the new official home of Harry Potter & Fantastic Beasts. And we've lapped that now, and we're seeing some growth now. So that is having some impact on us versus others that were -- that took a much bigger position in the upfront. The industry was in a quantity of content over quality, we believe, in a quality over quantity and therefore, spend-wise, spend needs to get rationalized. In addition to all of our entertainment and nonfiction, we do have all of our news and sports. 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. If you have an ad-blocker enabled you may be blocked from proceeding. Warner Bros. Discovery's earnings are expected to grow from $0.97 per share to $1.79 per share in the next year, which is a 84.54% increase. And it all stems from great storytelling. Two questions. The advertising environment in the U.S. remains very . So I think this is an exciting time because I think we're really -- we made some tough decisions. And so we were able, in many ways, to Monday morning quarterback. Number three, evaluating capital allocation opportunities with rigor, so that we can both achieve near-term efficiency and enhance long-term asset value and growth. 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. 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. The only other thing I'd add, Ben, is for us, it's not just a question of subscriber scaling. And so we'll keep in mind this balance of volume versus price. 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. Some of them we may find we need to adjust, but we feel really good about where we are, and we're accelerating forward. 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. We can put that down on our AVOD service. And we were able in the upfront to drive price significantly more than all of our peers. 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. 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. Discovery CEO David Zaslav said the retooling of CNN 'isn't going to happen overnight.'. We have a fantastic leadership team moving us forward, everyone rowing in the same direction. It's about telling the best story. Importantly, we successfully completed affiliate renegotiations, which accounted for more than 30% of U.S. distribution revenues and which brought our portfolio together coterminously. We are laser-focused on delivering against our high-level strategic, operational and financial targets, and the three pillars that comprise our core principles. Newt Scamanders relationships and past remain enigmatic, so any glimpse into his formative years will be huge for the character. 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 The scatter market overall is very slow, I would say, steady to maybe a little bit better than it was in the fourth quarter. The television studio is the latest arm of Warner Bros Discovery forced to make cuts in order to save at least $3 billion after the merger overseen by David Zaslav. Is that something you're able to comment on now? 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. DC Comics. View this post on Instagram At Warner Bros. Warner Bros. Photo: Kevin Dietsch/Getty Images. Discovery experienced a staggering USD 2.1 billion financial setback. Lord of the Rings is one of the most iconic storytelling franchises of all time and we're so excited. Taking a step back here, though, I mean, the reason why -- one of the reasons why we carved out the linear business, the network business is, one, separate segment is to be completely transparent about where those trends are moving. 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. In every country, they'll leave dinner and they got to go home to view that product that they love. And then for Gunnar or JB, can you maybe just expand upon your fast strategy and why you chose to do the deal with Roku and Tubi and maybe how that might impact the launch or timing of your own fast service? 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. 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. The dreaded post-merger Warner Bros Discovery layoffs have reached the programming operation overseen by HBO and HBO Max Chief Content Officer Casey Bloys. 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. They want -- they want to have an opportunity for their content to be seen, to be talked about, and they want to feel respected. And I'm not taking anything off the table here, but I just want to be realistic as well about what we're seeing today. WBD 15.42 +0.67 Warner Bros. Our next question comes from Michael Morris with Guggenheim Partners. media commentator focused on TV Production, Consumer Tech, SVOD & Sports Broadcasting . - David Spade, 'Nothing Personal' 2022. 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. Those shows had a supersized effect on people and culture. The forward-looking statements include comments regarding the company's future business plans, prospects and financial performance. With that, I'd now like to turn it back to the operator, and David, JB and I will take your questions. We're going to be releasing 12 films, 6 games. 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. I'll talk more about that in a minute. If there is interest in pursuing an application further, the applicant will hear back within 14 days of their original submission. We have full command and control of our business, and we are one company now. I mean, pot levels in the industry, I think, were down 14% in the quarter. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. 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. 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. It's significantly better outside the U.S. right now, which is a surprise. It's the backbone of what we're doing, and we'll keep investing. And so we want to optimize that as a unified strategy for the company. Discovery Cuts Scripted Programming at TBS, TNT. With respect to the cadence of free cash flow, as is historically the case for both legacy Discovery and WarnerMedia, Q1 free cash flow will represent the low point for the year given the timing of sports rights payments, timing of content outlays and cash interest payments on a large portion of the acquisition debt. Operator. 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. For those that are happy paying $5 or $7 and having home, food, Discovery and own type content. 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. Television Group has more than 110 shows currently in production across our own platforms as well as third-party broadcast, cable and streaming outlets, including Emmy Winners, Ted Lasso and Abbott Elementary. Yes. But we -- I believe that we have an overwhelming advantage in the marketplace with the IP that we own, but to take -- to get that advantage, we have to create great content with that IP. Warner Bros. 7,362 Followers, 2,443 Following, 99 Posts - See Instagram photos and videos from Warner Bros. CASTING SUBMISSION - Actors & Extras You're going to see us fighting at Warner Bros. on the Motion Picture side, in order to really -- I think there's a huge opportunity on the Warner Bros. Motion Picture side for investment in quality content and storytelling. Maybe help us think about the levers you have and your expectations around top line over the next few years? How much do you feel like is more reflective of some of the underlying trends that just have to do with ratings declines or core cutting and those types of trends? And the newest hits, Night Court on NBC and Shrinking on Apple TV. But I also think we're very well positioned to grow from here. And then, Gunnar, you sound very bullish and confident on the D2C targets, the $1 billion of EBITDA in '25. 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. Turning to consolidated results and free cash flow. Good afternoon, and welcome to Warner Bros. We definitely are planning for an inflection on the revenue side. August 15, 2022 10:20am. You had 6% growth this quarter, a lot of that from advertising and content, but do you need revenue growth to accelerate in order to deliver that $1 billion? In terms of the market itself, it's -- as I've said before, it's not a good environment. 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. 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. We've been hard at work since our last call and look forward to updating you on our progress. And Ben, on the D2C question, let me start with the revenue side of it. So a lot to be looking forward to. #inclusion #performerswithdisabilities #Disabilityawareness 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 . A replay of the call will be available approximately two hours after the completion of the call until August 11, 2022. This information is only for educational purposes use. Casting Australia (@warnerbroscastingau) And there's lots more to come including the highly anticipated Mortal Combat 12 and Suicide Squad - Kill The Justice League, games also set for release this year with ambitious launch projections. Channing is the best example of that. The poor actors and directors of the . It's working. And for us, DC alone will be -- could and should be a game changer. 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. Here we have mentioned the name of the founder below here on page read it carefully. Given we're still in the first year following the closing of our acquisition, I will discuss the P&L impact on a pro forma ex-FX basis. We can put you right on HBO on Sunday night with the biggest audience in America, tuning right into you. We met with 186 of the top leaders in -- for a week in early January. You probably know that, because we've kept the lights on at TBS for the last five years.". Please disable your ad-blocker and refresh. Here through this post, we are also providing complete necessary details about the Warner Bros Pictures Casting Directors Dates Roles. So there was 60% that was hardly being viewed. And so effectively, whether you want to look at content for free, you want to look at with edge, you want to look at you want a premium that we -- you would have all that opportunity with us, and it makes sense because we have the largest TV and motion picture library in the world. We're assuming that. We've effectively done that now, but we had to take two different sales teams and pull them together. Interested in future casting calls or joining our casting division? October 27, 2022 THE LATEST Casting Lady Gaga Joins. 2023 will be a year of building and off we go. So we do see subscriber scale as one part of the revenue growth story. They are also looking for actors between 16 and 18 to portray both Gellert Grindelwald and Albus Dumbledore as teenagers. . I'd like to ask about advertising trends you're seeing and maybe kind of advance this discussion a bit more. But it's -- we're not going to tell any story before it's done. In the end, there was public backlash over his casting, but not because of his . Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. Please. And HBO is streaming's new must-see TV with all of its cultural impact and excitement. 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. 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. Despite the full integration of Warner Bros. Young Sheldon, network TV's #1 comedy. But curation, creating content at a time when people can watch it, creating a community conversation. Our next question comes from Ben Swinburne with Morgan Stanley. 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. And together, we are focused on making our businesses better and stronger. 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. Discovery Access Talent Spotlight, candidates must meet the below requirements: Participants must be 18 years or older as of March 1, 2022. Warner Bros. These shows have averaged as many as 20 million viewers in episode with strong week-over-week growth. But the digital inventory, which really held up in the fourth quarter has also softened. Yes. On Friday, AT&T handed off Warner Bros. to Discovery Inc. as part of a $43 billion merger. There hasn't been a stand-alone Superman movie in a decade. J.B., anything to add to that? 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 Warner Bros. How to Get Cast On How to Get Cast in a DC Comics Movie or TV Show This guide will answer your most pressing questions. 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. And our new studio heads are hard at work putting their unmatched creative stamp on our future slate. 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. Is this happening to you frequently? Really trying to understand how much of the ad impact that you're seeing is kind of coming from the macro environment? Discovery Is America's Worst-Run Company,Mismanagement has ruined whatever success Warner Bros. Discovery advantage. 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. 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. Or is that something that might fuel that service? 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. 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. If all else fails, take your mother's advice - if it seems too good to be true, it probably is. Discovery in April last year. "I was in the movie 'Grown Ups'. The game was 1 of the most highly anticipated of 2023. Acting students missing out on their final year of school can submit their interest to the Warner Bros. Television casting department. Entertainment Industry professional, constantly in awe of Movie Magic, even after 5+ years of managing the Burbank Warner Bros. And it's the same principle with theatrical, perceived value of content increases when there's a great expectancy and excitement. That is exactly what we see happening at HBO. That's what we're looking to primarily deliver. That's what led us to the conclusion that direct to streaming movies were providing really no value to us. And back then, you had to watch the show on Thursday night. Discovery CEO David Zaslav wants to redeem his predecessors' failure to rival Disney with its library of intellectual property through an unprecedented focus on tentpole events. David Zaslav Praises CNN Adding More GOP Voices; "Balance Strategy" Is "Important," Warner Bros Discovery Boss Says + Discussion: The Wrap, . I think it could and should be huge because it wasn't being pushed on. The other point that is front or set up for us is curation. Warner Bros. And while this is indeed encouraging, we're hesitant to forecast any meaningful near-term revenue improvement. While visibility remains limited, we are seeing revenue trends very modestly improving sequentially in certain pockets. 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. If they ask you to pay a fee in order to audition for a specific role, it's most likely a scam. It comes after HBO and HBO. We're committed to creating shows that people really want to watch, and they also want to experience them with other people. The search for Nick took Warner Bros. much longer than expected, though, and eventually Golding was ready to sign on. 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 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. And Brett, just to be clear, the Discovery content would still be available on the bigger relaunched combined product. And on the 2023. On the news side, we are fighting hard and making real progress. Cast: Dwayne Johnson, Keanu Reeves, Joh Krasinski, Kate McKinnon, Natasha Lyonne, Kevin Hart, Diego Luna, Jameela Jamil, Vanessa Bayer, Marc Maron About: Krypto the Super-Dog (Johnson) and Superman (Krasinski) are inseparable best friends, sharing the same superpowers and fighting crime in Metropolis side by side. 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2023-04-21