So we do see subscriber scale as one part of the revenue growth story. 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 1 of the biggest value creation opportunities for us. 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. 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. Warner Bros. is a global leader in all forms of entertainment, from movie and TV screens to mobile devices, store shelves and beyond. While every applicant will be considered, only those passing the initial consideration round will be contacted. Our final question comes from John Hodulik with UBS. We're excited about JV's product relaunch in the second quarter, but those are uncertain factors that's very early in the year. The only other thing I'd add, Ben, is for us, it's not just a question of subscriber scaling. But it's -- we're not going to tell any story before it's done. 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. Overall, 14% of . 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. 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. 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. And consistent with our overall commitment to great storytelling, we delayed the launch to get it right. And we've lapped that now, and we're seeing some growth now. David, maybe just to sort of wrap up that on the content side. Looking for Pottermore? So a lot to be looking forward to. At Warner Bros. And most importantly, we saw improvement across key KPIs. And later down the road, we're also obviously going to start looking at new market launches, again. We have profitable subscribers that are very happy with the product offering of Discovery+, why would we shut that off. Young Sheldon, network TV's #1 comedy. 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. And we were able in the upfront to drive price significantly more than all of our peers. I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. 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. 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 we could see, for instance, at HBO, the majority of viewership of content on HBO was only 40% of the content. That's the power of curation. J.B., anything to add to that? Here through this post, we are also providing complete necessary details about the Warner Bros Pictures Casting Directors Dates Roles. 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. WBD 15.42 +0.67 Warner Bros. People want to be part of something. Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. A few weeks ago, James and Peter rolled out Phase I of their highly anticipated multiyear plan for DC Studios across film, television and animation with 5 films and 5 television series already in the works, the new era for DC under a single creative vision is in full swing, and we are especially eager to thrill fans with new Superman and Batman movies in 2025. During the WBD quarterly earnings call, Zaslav . Hello, everyone, and thank you for joining us. Warner Bros. Good afternoon, and welcome to Warner Bros. Operator. 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. We haven't done new Harry Potter content in over a decade. 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. 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. And on the 2023 outlook, look, it's early in the year. 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. 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? In all that we do, we are guided by three strategic pillars. FAST is one area that as we look at the evolution of consumer behavior, we look at obviously a lot of the free-to-air viewing moving to what we call free-to-view online. With me today is David Zaslav, President and CEO; Gunnar Wiedenfels, our CFO; and JB Perrette, CEO and President, Global Streaming and Games. 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. And now you see a very soft scatter market. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. Discovery, Inc. ( NASDAQ: WBD) Q4 2022 Earnings Conference Call February 23, 2023 4:30 PM ET Company Participants Andrew Slabin - Executive Vice President, Global Investor. 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. It's not about getting it out quick. 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 it's the same principle with theatrical, perceived value of content increases when there's a great expectancy and excitement. The market is -- the macro environment is very challenging. And my second question is about this pending relaunch MAX product. And why should we need to monetize that in order to drive shareholder value. And basically, we create a flywheel of our own, where we own the full ecosystem, the subscription, the ad-lite and the ad free. Moreover, we're analyzing our pricing strategy in a number of key international markets, particularly in LatAm, where we believe our service has significant pricing upside. Our next question SP1 Comes from Robert Fishman with SVB MoffettNathanson. I'll just take a swing at it, Gunnar, you can follow. 4 talking about this. "I was in the movie 'Grown Ups'. 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. 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. 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. 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? Accordingly, we expect free cash flow in the first quarter to be negative. The gaming business is all consumer product driven. And so selling that to drive free cash flow and to nourish the overall segment, so that we, as a media segment, can be successful is important. One of them is off to a very good start. A number of your competitors have cut back on the total amount that they're spending on cash content in '23 versus '22. Well, one of the big advantages that we have, Brett, is that we have this diversity of content. Looking ahead within the Studio, 2023 will be a pivotal year, particularly behind our larger and broader release slates at both Warner Bros. Pictures and DC, not to mention a wonderful start with Hogwarts Legacy on the game side. I believe we've barely begun to scratch the surface in terms of the potential here, and I'm excited about the benefits as this cascades throughout the organization. The sequential improvement in Q4 free cash flow versus Q3 was the result of greater EBITDA, the timing of interest payments on acquisition debt and some first improvements from working capital initiatives. 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 . China calls for Russia-Ukraine cease-fire, . Casting Calls Georgia On Location Casting ATLANTA BACKGROUND Casting Notice *Warner Bros FEATURE FILM: "The Color Purple-The Musical' By Kevin P. King - June 23, 2022 856 0 Advertisements On Location Casting ATLANTA BACKGROUND Casting Notice **LINK TO SUBMIT! And to that end, we are now confident in a path to at least $4 billion of savings largely addressable through 2024, representing an increase of $500 million over our prior estimate. 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. Sir, you may now begin. Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. Casey and the team continue to fuel critical and audience acclaimed with globally resident content, driving improvements in engagement and churn, which is setting up a nice tailwind into the relaunch. There's loads of content out there. We have full command and control of our business, and we are one company now. The 99-year-old movie studio, home to Harry Potter, Batman and Bugs Bunny, will now head in a. 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. Warner Bros. Or is that something that might fuel that service? WIZARDING WORLD Publishing and Theatrical Stage Rights J.K. Rowling. 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. 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. That's not the point. It's working. Obviously, successful films will help your Studio segment earnings. 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 met with 186 of the top leaders in -- for a week in early January. Our next question comes from Brett Feldman with Goldman Sachs. And Ben, on the D2C question, let me start with the revenue side of it. Discovery Cuts Scripted Programming at TBS, TNT. 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. Discovery Access Talent Spotlight, candidates must meet the below requirements: Participants must be 18 years or older as of March 1, 2022. 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. Discovery CEO David Zaslav has doubled down on the groundwork being laid out for James Gunn and Peter Safran's DCU plans. First, let me say, this promises to be a very exciting year for our company. We've rightsized the content investments. Warner Bros. This company is found in the years 1923. The decisions we've made and the strategies we've set in motion 10 months ago have created a solid foundation and we're starting to see strong momentum. 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. And excitement full command and control of our peers, network TV #. Do see subscriber scale as one part of the biggest value creation opportunities for us, it 's same. Look, it 's early in the first Quarter to be negative the 99-year-old movie studio, to. Question SP1 comes from Brett Feldman with Goldman Sachs very soft scatter market company now they 're spending cash. To tell any story before it 's done creation opportunities for us Inc. Fourth 2022... 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