Discovery Communications

Warner Bros. Discovery, Inc. operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Pictures, New Line Cinema, Cartoon Network, Adult Swim, and Turner Classic Movies. The company is headquartered in New York, NY.

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Warner Bros. Discovery, Inc. is a premier global media and entertainment company, which engages in the provision of a differentiated portfolio of content, brands, and franchises across television, film, streaming, and gaming. It operates through the following segments: Studios, Networks, Direct-to-Consumer (DTC), and Corporate. The Studios segment includes producing and releasing feature films for initial exhibition in theaters, producing and initial licensing television programs to networks services as well as third parties, distributing films and television programs to various third party, internal television, and streaming services, distribution through the home entertainment market related consumer products, and themed experience licensing and interactive gaming. The Networks segment focuses on domestic and international television networks. The DTC segment is involved in premium pay-television and streaming services. The company was founded on June 17, 1985 and is headquartered in New York, NY.

Discovery

In the latest trading session, Discovery Communications (DISCA) closed at $25.37, marking a +0.4% move from the previous day.

Discovery Communications (DISCA) Gains But Lags Market: What You Should Know

Debt-led corporate mega-mashups are back.

Mega-mashup: Discovery clears $30 billion bond to finance WarnerMedia deal, a bullish sign for a rattled market

NEW YORK, March 9, 2022 /PRNewswire/ -- Discovery (Nasdaq: DISCA, DISCB, DISCK) today announced that Chief Financial Officer Gunnar Wiedenfels will present at Deutsche Bank's 30th Annual Media, Internet, & Telecom Conference in Palm Beach, Florida on Monday, March 14, 2022 at 8:05 a.m. ET. A link to the live webcast of the presentation will be available in the "Investor Relations" section of Discovery's website at https://corporate.discovery.com/.

DISCOVERY CHIEF FINANCIAL OFFICER GUNNAR WIEDENFELS TO PRESENT AT DEUTSCHE BANK'S 30TH ANNUAL MEDIA, INTERNET, & TELECOM CONFERENCE

AT&T

Major media companies continue to join the exodus from Russia, with Discovery and WarnerMedia making announcements on Wednesday about halting all programming in the country.

The latest: WarnerMedia and Discovery join the stampede of businesses leaving Russia

Discovery and WarnerMedia are ceasing operations in Russia amid the ongoing war with Ukraine, the latest in a string of media and entertainment companies along with retail, tech and other businesses that are pulling out. The company “has decided to suspend the broadcast of its channels and services in Russia,” Discovery said this morning. “The...

Discovery, WarnerMedia Latest Industry Players Pausing Operations In Russia

Discovery Inc on Wednesday said it will suspend the broadcast of its channels and services in Russia, joining a growing number of corporations withdrawing from the country in response to its invasion of Ukraine.

Discovery to suspend broadcasts in Russia

NEW YORK, Feb. 28, 2022 /PRNewswire/ -- Discovery, Inc. today announced its plans to appoint Chris Licht as the new chairman and chief executive officer of CNN Global. The appointment will be effective following the completion of Discovery, Inc.'s acquisition of WarnerMedia, expected in early 2Q.

CHRIS LICHT NAMED CHAIRMAN AND CEO OF CNN GLOBAL AS PART OF PLANNED WARNER BROS. DISCOVERY TRANSACTION

Chris Licht, the executive producer of The Late Show with Stephen Colbert who also helped launch Morning Joe on MSNBC, is poised to take over the reins of CNN after the Discovery-WarnerMedia merger closes, a source confirmed. An announcement is planned as early as next week. Puck News first reported on Discovery CEO David Zaslav's...

Chris Licht Expected To Lead CNN After Discovery-WarnerMedia Merger

Discovery, Inc. (DISCA) CEO David Zaslav on Q4 2021 Results - Earnings Call Transcript

Disney

It was a strong quarter for Disney, HBO Max and Paramount+ as streaming leader Netflix acknowledged competition may be hurting its growth on the margins.

Disney+ and HBO Max show streaming strength against Netflix

Discovery's (DISCA) Q4 results reflect improving advertising and distribution revenues, partially offset by higher selling, general and administrative (SG&A) expenses.

Discovery (DISCA) Q4 Earnings Miss Estimates, Revenues Up Y/Y

Discovery execs, attuning commentary around recent investor sentiment on streaming, reassured investors this morning that they will not overspend on content as the company merges with WarnerMedia early in the second quarter. “Our goal is to compete with the leading streaming services, not to win the spending war,” CEO David Zaslav said on a conference...

Discovery CEO Tells Wall Street Goal Of WarnerMedia Merger ‘Is To Compete, Not Win Spending War'

Discovery said it ended the fourth quarter with 22 million DTC subscribers, up from 20 million for Q3. Revenue rose 10% to $3.2 million. In the U.S. advertising sales were up 5% and distribution 17% — internationally, the increases were 10% and 2%. The latest numbers hit as the company's merger with WarnerMedia looks set...

Discovery Ended Q4 With 22 Million Streaming Subscribers, Up By 2M From Previous Quarter

Discovery Inc beat analysts' estimates for quarterly revenue on Thursday, buoyed by a resumption of live sports and higher advertising revenue as the media firm seeks to complete a planned merger with AT&T's WarnerMedia unit.

Discovery edges past quarterly revenue estimates on live sports, ad rebound

NEW YORK, Feb. 24, 2022 /PRNewswire/ -- Discovery, Inc. ("Discovery" or the "Company") (NASDAQ: DISCA, DISCB, DISCK) today reported financial results for the quarter and year ended December 31, 2021. David Zaslav , President and Chief Executive Officer of Discovery said, "2021 was by all measures an exceptional year for our company, in which we achieved significant operational, financial, and strategic objectives.

DISCOVERY, INC. REPORTS FOURTH-QUARTER AND FULL YEAR 2021 RESULTS

Discovery Inc (NASDAQ: DISCA) reported fourth-quarter FY21 revenue growth of 10% year-on-year to $3.19 billion, beating the consensus of $3.12 billion. It ended Q4 with 22 million Direct-to-Consumer Subscribers and generated nearly $450 million of Next Generation Revenues.

Discovery Stock Falls Post Q4 Results, Clocks 10% Revenue Growth

New paid streaming subscribers for Beijing 2022 exceed PyeongChang 2018 by almost 50% Over 1 billion streaming minutes consumed across discovery+ and Eurosport subscription services Discovery's average linear TV audiences, both free-to-air and Eurosport, remain resilient and in line with PyeongChang 2018, despite an overall 10% reduction in total TV usage since 2018 Over half of new Olympic subscribers also enjoyed discovery+'s entertainment content, meaningfully enhancing subscriber lifetime value LONDON, Feb. 23, 2022 /PRNewswire/ -- Discovery has reported record Olympic Winter Games viewership and engagement on its digital platforms, as the household appeal of discovery+ drove significantly higher consumption and numbers of new paid subscribers compared to PyeongChang 2018.  Concluding on Sunday 20 February, Beijing 2022 produced strong results across Discovery's European television network and streaming products.

DISCOVERY SEES RECORD WINTER OLYMPICS WITH DISCOVERY+ LEADING THE WAY

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This merger is expected to create a behemoth in the streaming space that will be able to trade blows with the likes of Netflix or Disney seemingly overnight.

Warner Bros. Discovery: Time Is Running Out

Discovery has set March 11 as the date of a special shareholder meeting to hold a vote on the company's proposed merger with AT&T's WarnerMedia. It will be held online via webcast, no in-person “for the health and well-being of our stockholders, employees and directors,” the company said in an SEC filing Thursday. There's not...

Discovery Sets March 11 For Shareholder Vote On WarnerMedia Merger

AT&T's plan to spin off WarnerMedia in a $43 billion merger deal with competitor Discovery to create a TV, film and streaming dynamo, will proceed, according to Discovery's filing with the Securities and Exchange Commission (SEC)  Wednesday (Feb. 8). The transaction will combine WarnerMedia's library of sports, news, and family entertainment, with Discovery's collection of […]

US Regulators OK $43B WarnerMedia-Discovery Merger

The biggest media merger of the last two decades -- the $43 billion deal between Discovery, Inc.

WarnerMedia-Discovery merger OK'd, but Amazon-MGM remains in limbo

U.S. antitrust regulators have not challenged the $43 billion combination of Discovery and AT&T's WarnerMedia during a key review period, according to corporate securities filings, easing the way for the deal to close in the next few months.

Discovery: No US challenge to $43B WarnerMedia deal

The mega-merger of Discovery and AT&T's WarnerMedia got the green light from US regulators, Discovery said in a Wednesday filing.

Discovery-WarnerMedia merger gets US antitrust clearance

The merger of AT&T's WarnerMedia and Discovery has cleared U.S. regulators, the companies announced Wed.,  in the last major hurdle for the $43-billion deal. As per an SEC filing, “As of February 9, 2022, Discovery, Inc. (“Discovery”) and AT&T Inc. (“AT&T”) have satisfied the closing condition in Section 9.1(d)(i)of the Agreement and Plan of Merger...

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