Sir, you may now begin. 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. It's working. Some are advertiser-driven. This phenomenon can go for eight, 10-plus weeks for each series. 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. DC Comics. Discovery experienced a staggering USD 2.1 billion financial setback. The company's properties are divided into nine business units, including the flagship Warner Bros. film and television studios, comic book . Warner Bros. And then if you loved it, you can come up and you could then pay for on ad-lite or in subscription. We believe that when you have content that is so good that it hits the gist. And now we're -- this year, you're going to see us fighting on DC. The biggest unknown continues to be in the ad sales environment. October 27, 2022 THE LATEST Casting Lady Gaga Joins. 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 . If all else fails, take your mother's advice - if it seems too good to be true, it probably is. And then we ourselves will run our own fast service. We're committed to creating shows that people really want to watch, and they also want to experience them with other people. Casting Australia (@warnerbroscastingau) So again, as I said, a similar picture with more diversity. Our next question SP1 Comes from Robert Fishman with SVB MoffettNathanson. With me today is David Zaslav, President and CEO; Gunnar Wiedenfels, our CFO; and JB Perrette, CEO and President, Global Streaming and Games. This doesn't yet reflect the $1 price increase on the ad-free retail tier in the U.S. that was implemented in January and which has been digested quite well. Discovery Second Quarter 2022 Earnings Call. And we don't yet have, we think, a strong enough position in that market. 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. It reminds me of my time at NBC when Thursday Night was must-see TV. 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. Discovery Cuts Scripted Programming at TBS, TNT. I think you used it during your script. 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. We haven't done new Harry Potter content in over a decade. With that, I'd now like to turn it back to the operator, and David, JB and I will take your questions. Warner Bros Casting Calls are the most useful tools for those who are feeling capable that they can make an immediate impact on their acting careers, but aren't well-enough known to get invited to usual castings. Warner Bros. NOW CASTING PAID EXTRAS, AGES 18+ to portray WHITE HOUSE STAFF for new NETFLIX & Tyler Perry Studios movie SIX TRIPLE EIGHT (6888). It's not about getting it out for a certain date. Discovery Increases Cost-Cutting Synergies Target to $3.5 Billion By Jennifer Maas Warner Bros Discovery Six months after the merger of WarnerMedia and. Aug 9, 2022, 8:40 AM. NOW CASTING PAID EXTRAS (Ages 30 +) to portray ROADSIDE MOTEL GOERS for the NEW DC Comic series "NAOMI" for FRIDAY, 1/21/2022. And our new studio heads are hard at work putting their unmatched creative stamp on our future slate. Turning to consolidated results and free cash flow. It's about the sustainability and the longevity the free cash flow being delivered by that segment. If you look at D.C., Harry Potter and Lord of the Rings, and then you take a look at Warner as a company without those three, okay? The product will offer compelling content for every member of the household. Discovery Inc. is suing Paramount Global, saying its competitor aired new episodes of the popular animated comedy series "South Park" after Warner paid for exclusive rights. As the only studio scaled in gaming, we see it as a meaningful differentiator with substantial opportunity. You do not need to submit this form if you've already submitted to any casting. 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. We have an exceptional leadership team that is truly aligned across a common set of strategic, operational and financial goals and metrics. Discovery CEO David Zaslav has doubled down on the groundwork being laid out for James Gunn and Peter Safran's DCU plans. In addition to all of our entertainment and nonfiction, we do have all of our news and sports. Every week, a new episode comes out and by the time the next one airs a week later, tens of millions of people have watched the last episode. Warner Bros. Leta Lestrange was mentioned in the first Fantastic Beasts film as having a close friendship with Newt at Hogwarts, and her photograph was seen in Newts workshop. The market is -- the macro environment is very challenging. And together, we are focused on making our businesses better and stronger. Discovery, Q4 2022 brought a hefty price: A net loss of USD 2.1 billion due to declining ad sales revenue figures. . 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 There's been an increasing discussion recently about what the right general entertainment content strategy supposed to be for media companies as your models continue to pivot and become more streaming-centric. 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. Oh, on FAST. HBO and HBO Max Hit with 70 Layoffs at Warner Bros. Storytelling content is most powerful when you're watching it and then you're with others, either in a theater, or you're able to talk about it either online or with your friends, that's the power of content, not when you're viewing content alone. Is there any of your content that's definitely off the table to be included in that service? We've rightsized the content investments. 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. That's not the point. 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. And basically, we create a flywheel of our own, where we own the full ecosystem, the subscription, the ad-lite and the ad free. And we're doing it in a very tasteful way by putting it on the very front end. I want to follow up on the streaming discussion. 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. The reality is, in today's environment, I think it would be -- you wouldn't want us to say we have a static a 100% defined windowing strategy. And now you see a very soft scatter market. . The advertising environment in the U.S. remains very . We are also advantaged by the fact that our U.S. networks average 30% of all nightly cable viewers in the key 25 to 54 demo. Warner Bros. from casting calls to the lure of the red-carpet award season. Can you talk a little bit about the revenue outlook for D2C? We've gone through a couple of the puts and takes here. Importantly, we successfully completed affiliate renegotiations, which accounted for more than 30% of U.S. distribution revenues and which brought our portfolio together coterminously. 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 . Thank you, Jessica. 53 min read Participants Andrew T. Slabin; EVP of Global Investor Strategy; Warner Bros. We continue to be the place creators are choosing to bring their visions to life. I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. Hello, everyone, and thank you for joining us. They want -- they want to have an opportunity for their content to be seen, to be talked about, and they want to feel respected. Batman Day - September 17, 2022. Revenue decreased 6% as global advertising revenues declined 14% and distribution revenues decreased 2%. 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. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. Please. We'll definitely -- we're definitely planning for revenue improvement. I'll talk more about that in a minute. We were able to put that to work behind some of cases launches, behind some of our film launches. - David Spade, 'Nothing Personal' 2022. And so we want to optimize that as a unified strategy for the company. In terms of the market itself, it's -- as I've said before, it's not a good environment. There's loads of content out there. Apply Here: NickOnlineOpenCall.nick.com Parents/guardians please email: NickOnlineOpenCall@nick.com for more info. 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. Today, I'm thrilled to announce that Mike and Pam signed a deal to make multiple Lord of the Rings movies. 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? Discovery, Inc.. 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 And I think that diversity is strength. In today's increasingly dynamic and a crowded media environment, the best hand has great storytelling IP, brilliant creatives, a full slate of production and distribution capabilities, and broad global reach that stretches across premium, pay TV, free-to-air, theatrical, streaming, licensing and gaming, the entirety of the ecosystem, and that is exactly the hand that we have, and we intend to play it decisively and with a focus on free cash flow and an eye towards sustainable future growth. Discovery CEO David Zaslav's plan to combine HBO Max and Discovery Plus into a single streaming . And it's the same principle with theatrical, perceived value of content increases when there's a great expectancy and excitement. One of them is off to a very good start. But the key to this company is, as a storytelling company, we have this diversity. 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? 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. 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. Well, one of the big advantages that we have, Brett, is that we have this diversity of content. Consistent with what we told you last August, we are getting ready to launch our combined streaming service here in the U.S. in a few months with Latin America to follow later this year and markets in EMEA and APAC in '24. We're putting these targets here out for 2023 with the same mindset that we want to hit or outperform that guidance. 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? And that isn't critical to or helpful to churn. 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. Young Sheldon, network TV's #1 comedy. We see better engagement, better churn, which makes marketing efficiencies come up. It's about telling the best story. And we are still in the early stages of bringing this comprehensive portfolio together and harnessing all that it can deliver. 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? I do believe, as JB said, and we do believe, as a company, that we'll sort of recreate this -- the streaming service, which is ad free, then which -- then there'll be ad-lite. And Brett, just to be clear, the Discovery content would still be available on the bigger relaunched combined product. 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. No, the only thing I would add is from the perspective of cyclical versus secular, there's no doubt. But I also think we're very well positioned to grow from here. 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. I'm confident that we will get there, particularly with some of the operational and content-driven initiatives implemented by Kathleen Finch and her team. 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. Let me start with the second. John Oliver in season nine of "Last Week Tonight With John Oliver." Paula Lobo/HBO. Let me start with the second question. 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. If you could share your view on those two impacts, that would be very helpful. 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. While visibility remains limited, we are seeing revenue trends very modestly improving sequentially in certain pockets. We've heard the word curated. 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. I can't wait for The Flash to hit the theaters in June. It's working. Adjusted EBITDA decreased 7% as revenue declines were partially offset by lower content expenses as well as lower personnel and marketing costs, in part reflecting our cost synergy efforts. The efforts ongoing enterprise-wide are helping to turn the flywheel and grow and improve our businesses, and we see so much opportunity ahead. And then obviously, with the new product, we just look at some of the features that we're going to be rolling out and some of the improved and enhancements from a performance standpoint in the product at a much higher engagement, which will help both our ad-lite monetization, including, as David mentioned earlier, the fact that we're now putting ads and all the content on HBO Max as opposed to just some of the content on HBO Max, all those will be part of the revenue drivers in addition to obviously having the rights like we talked about before, for all of our sports in the U.S. and news content eventually that could also help us drive further scale and pricing in the years ahead. And on the 2023 outlook, look, it's early in the year. So I think this is an exciting time because I think we're really -- we made some tough decisions. We have a lot of motion picture content that we're reworking and making a lot of progress with. Warner Bros. It's the backbone of what we're doing, and we'll keep investing. The Warner Bros. Television Workshop is the premier program for new writers and. Is that something you're able to comment on now? 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 . The layoffs represent 14% of Chief Content Officer Casey Bloys' staff, and the eliminated positions are primarily focused on reality content, though other departments including casting and acquisition will also be impacted. And we're able to align our networks on a coterminous basis with these distributors. 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. And with that, I am pleased to turn the call over to David. To participate in the Warner Bros. We can put you right on HBO on Sunday night with the biggest audience in America, tuning right into you. 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. And it is shared -- the platform itself for Discovery+ will be a shared platform. Netflix Reality Series Audition 2023 Casting Calls. 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. Having said that, we closed this deal right before the upfront, and we're first bringing our teams together. We generated $2.5 billion of free cash flow in Q4, bringing the reported full year free cash flow to $3.3 billion. 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. 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. We have full command and control of our business, and we are one company now. That's what led us to the conclusion that direct to streaming movies were providing really no value to us. 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. Warner Bros. Starting with the Studio segment. 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.. Warner Bros. Discovery Access Talent Spotlight, candidates must meet the below requirements: Participants must be 18 years or older as of March 1, 2022. We have a lot of points to be very excited about. The Roku and the Tubi deal was really just a toe in the water, if you will, 14 channels, a beginning for us, but there'll be more to come as we go through the year, and we do want to have a bigger presence in that space because we do see consumer behavior continuing to shift and having a very robust amount of consumers around the world, who will want to consume ad-supported content. It's 1 of the biggest value creation opportunities for us. Yes, that's one important ingredient. 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. On the advertising side, it's kind of a complex answer. On the one hand, we have tremendous breadth with live news, live sports, entertainment, nonfiction, a tremendous share and reach. The Last Of Us, for example, grew its Sunday premier night viewership by about 1 million with each episode over the first 4 weeks. 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. Open casting calls are something of a tradition in the Wizarding World. 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. Well, look, we were laser-focused on building this DC 10-year plan. 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. [Operator Instructions] I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. So a lot to be looking forward to. That's the power of curation. 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. Some of them we may find we need to adjust, but we feel really good about where we are, and we're accelerating forward. Gunnar will take you through all of the financials in our outlook, but I'm very pleased that we see our net leverage clearly below 4x by the end of this year, below 4x by the end of this year. 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. We have a fantastic leadership team moving us forward, everyone rowing in the same direction. You may now disconnect. And on the potential for the balance sheet, the balance sheet improvement is very encouraging. The other point that is front or set up for us is curation. The Voice, the #1 most watched unscripted show on network TV. Our final question comes from John Hodulik with UBS. 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. 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. Our next question comes from Michael Morris with Guggenheim Partners. And we have high hopes for all of these metrics after the combined product launches to further improve. Anyone under 18 must ask a parent or guardian to send the application. For those that are happy paying $5 or $7 and having home, food, Discovery and own type content. If there is interest in pursuing an application further, the applicant will hear back within 14 days of their original submission. 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. We haven't done a Superman movie in 10 years. And we were able in the upfront to drive price significantly more than all of our peers. #inclusion #performerswithdisabilities #Disabilityawareness That's what we're looking to primarily deliver. December 13, 2021. They are also looking for actors between 16 and 18 to portray both Gellert Grindelwald and Albus Dumbledore as teenagers. 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.