The search for Nick took Warner Bros. much longer than expected, though, and eventually Golding was ready to sign on. And we hit this year with a full leadership team in place. 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. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Warner Bros. Sep 2, 2021 Seeking young performers for Nickelodeon's nationwide (US and Canada) Performers with Disabilities Open Call! 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? We have an unusual situation. Here through this post, we are also providing complete necessary details about the Warner Bros Pictures Casting Directors Dates Roles. 7,362 Followers, 2,443 Following, 99 Posts - See Instagram photos and videos from Warner Bros. John Oliver poked at HBO's parent company, Warner Bros. We see better engagement, better churn, which makes marketing efficiencies come up. 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. And that isn't critical to or helpful to churn. media commentator focused on TV Production, Consumer Tech, SVOD & Sports Broadcasting . Netflix Reality Series Audition 2023 Casting Calls. 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. 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. (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.. 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 casting of a young Leta would suggest that her character might have a bigger role in the sequel. The poor actors and directors of the . 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. 3 min read. Presentation. Is this happening to you frequently? 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. Her Barbie looks like a version of Robbie's Sharon Tate, or. On the one hand, we have tremendous breadth with live news, live sports, entertainment, nonfiction, a tremendous share and reach. #inclusion #performerswithdisabilities #Disabilityawareness Starting with the Studio segment. Those shows had a supersized effect on people and culture. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. In providing projections and other forward-looking statements, the company disclaims any intent or obligation to update them. We have a lot of points to be very excited about. It's a wow. And there are times when our share is significantly higher with marquee events, such as March Madness and the MLB and NBA playoffs. We took bold decisive action over the last 10 months and the bulk of our restructuring is behind us. International, some areas actually trending up now, others still difficult. And the best thing that we have going for us right now is all of that hard work that we did, and it was probably two years of work that we did in 10 months, it's now almost -- it's overwhelmingly behind us. We have profitable subscribers that are very happy with the product offering of Discovery+, why would we shut that off. Webcast. And we've lapped that now, and we're seeing some growth now. Is that something you're able to comment on now? We do see the weekly bookings right now ticking up slightly if you compare January and February with maybe the November, December timeframe, looking a little better; retail, fast food, entertainment, a little better; telecom, small, but coming back; but then you've got other areas like technology is still completely depressed. 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. And I think I just only add go ahead. Passionate about supporting Creatives to develop, produce . And so we'll keep in mind this balance of volume versus price. This is in part a function of a successfully executed synergy program and ongoing continuous improvement efforts. And we take that across film, TV and even to sell to third parties, because we have something, we have a treasury that no one else has. 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 And there's a number of uncertainties as you wouldn't be surprised to hear. 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. As the only studio scaled in gaming, we see it as a meaningful differentiator with substantial opportunity. And after just 5 weeks, an astounding 35 million people have watched episode 1. Looking for Pottermore? Discovery experienced a staggering USD 2.1 billion financial setback. December 13, 2021. The Hogwarts game, we took several additional months to rework it, to get it right. We do expect the cash cost to achieve synergy and transformation efforts will be around the higher end of our $1 billion to $1.5 billion guide given the expanded synergy target, some of which possibly hitting in 2024. You have so many hidden assets within the company. 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. Look, I mean on the content spend, Remember, all our strategy changes leading to the content restructuring and write-offs over the course of last year, obviously, that's going to flow through cash as well as we adjust. It's significantly better outside the U.S. right now, which is a surprise. That is exactly what we see happening at HBO. 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. The film is set decades before Harry Potters adventures at Hogwarts, and marks an increasingly dark time for the wizarding world. In Harry Potter and the Deathly Hallows, readers learned that Albus and Gellert were once friends, before becoming arch-rivals. 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. No, I was just going to say that as David has said before, I think the industry obviously was at a scale at any cost. Warner Bros. Discovery in which we took some pivotal initial steps. But that said, there's always going to be a place for quality content and we're open for business. 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. 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. Required fields are marked *, Warner Bros.-Seven Arts, Inc.(19671970), Toby Emmerich(Chairman, Warner Bros. Pictures Group), Walter Hamada(President, DC-based Film Production), studiofacilities.warnerbros.com/studio-operations-inquiry-form/. So a lot to be looking forward to. And so we're going to be -- Casey is the best example of that. If all else fails, take your mother's advice - if it seems too good to be true, it probably is. 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 brought our losses down considerably and are even more confident in the financial targets we laid out a few quarters ago. We have a fantastic leadership team moving us forward, everyone rowing in the same direction. These are huge numbers, particularly in today's day and age of binge viewing, when there is so much content to choose rooms. 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. It's 1 of the biggest value creation opportunities for us. And while this is indeed encouraging, we're hesitant to forecast any meaningful near-term revenue improvement. 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. Overall, 14% of . But as David said, we've got sports and news that today are really untapped in the streaming world, and those are optionality for what we might be willing to do in the future, and we'll share more of that on the 12th with you with more detail. 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. Just what should we expect in terms of '23 versus '22? 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. We're committed to creating shows that people really want to watch, and they also want to experience them with other people. Discovery. 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. Warner Bros. NOW CASTING PAID EXTRAS (Ages 30 +) to portray ROADSIDE MOTEL GOERS for the NEW DC Comic series "NAOMI" for FRIDAY, 1/21/2022. With that, I'll turn it over to Gunnar, and he'll walk you through the financials for the quarter. Again, creating shows that people want to watch. But it's -- we're not going to tell any story before it's done. Discovery Is America's Worst-Run Company,Mismanagement has ruined whatever success Warner Bros. 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. WIZARDING WORLD Publishing and Theatrical Stage Rights J.K. Rowling. 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 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. It's the backbone of what we're doing, and we'll keep investing. On Friday, AT&T handed off Warner Bros. to Discovery Inc. as part of a $43 billion merger. Q&A session is now closed, which concludes today's conference. 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. We are not conducting any type of audition. TM & WBEI. That's the power of streaming. The Foxtel Group has today officially confirmed details of a major new content and platform agreement with Warner Bros. The Last Of Us, for example, grew its Sunday premier night viewership by about 1 million with each episode over the first 4 weeks. We got some of the best creatives in the industry right now focused on those swings. 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. And I think our diversity, we have all these different assets that have -- that are different. The sentiment is not terrific. I saw it and loved it. It's about the sustainability and the longevity the free cash flow being delivered by that segment. Kathleen is doing a lot of work, getting the enormous value of our library on screen. 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. The guidance does not include any asset sales. 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. That said, there's still more that we need to get right and we are hard at work. 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. We have an exceptional leadership team that is truly aligned across a common set of strategic, operational and financial goals and metrics. There's loads of content out there. Discovery, for canceling "Batgirl . I'll just take a swing at it, Gunnar, you can follow. Warner Bros. We continue to be the place creators are choosing to bring their visions to life. During the fourth quarter of 2022, Warner Bros. 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. We have storytelling and games with Hogwarts, which is really off to a tremendous start for us. You probably know that, because we've kept the lights on at TBS for the last five years.". Reiterating my earlier point, I'm very pleased with where we ended the year and encouraged with our ability to balance choppy macro tides with success in repositioning the company for future growth. Let me start with the second. Participants must have the right to work in the United States or Canada. The 50 Best Movies of 2022, According to 165 Critics from . We haven't done a Superman movie in 10 years. An open casting call has gone out for three actors between the ages of 13 and 16 to play young versions of Newt, Leta, and another character called Sebastian. 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. The forward-looking statements include comments regarding the company's future business plans, prospects and financial performance. 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. 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. On the advertising side, it's kind of a complex answer. SVOD and ad-lite tiers and a significantly enhanced product platform to drive better performance, improved user experience and stronger engagement. The game was 1 of the most highly anticipated of 2023. And when you tell them a great story and they get to experience it with others, either in a packed theater or on a Sunday night, it really is magic. Sure. While visibility remains limited, we are seeing revenue trends very modestly improving sequentially in certain pockets. 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. A number of your competitors have cut back on the total amount that they're spending on cash content in '23 versus '22. Gunnar and the team are laser-focused on driving transformation throughout the organization, supporting our ability to further generate real free cash flow. On FAST, look, the strategy is, I think, back to some of the questions earlier, at the end of the day, one of the advantages we feel like we have is the question keeps coming up about windowing. Or is that something that might fuel that service? But in addition, we want to run this company to drive free cash flow and the ability to monetize a lot of the content that isn't critical to subscriber growth. Accordingly, we expect free cash flow in the first quarter to be negative. Clearly, you still have some macro challenges, but what could go right? And as we look to 2023, my near-term key financial priorities remain: number one, delivering against our synergy and transformation targets where we are managing towards an incremental $2 billion of cost capture in 2023 and the larger opportunity I mentioned previously. The advertising environment in the U.S. remains very . 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. 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. Warner Bros. All U.S. extremist mass killings in 2022 linked to far right, . Apply Here: NickOnlineOpenCall.nick.com Parents/guardians please email: NickOnlineOpenCall@nick.com for more info. But the digital inventory, which really held up in the fourth quarter has also softened. 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. 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 met with 186 of the top leaders in -- for a week in early January. We continue to expect to convert 1/3 to half of EBITDA into free cash flow, as I stated earlier, with the key determinants and drivers of growth being the magnitude of EBITDA, net cash content spend, the impact of working capital initiatives, and the timing and magnitude of a trend change in the advertising market. I think you used it during your script. Warner Bros. Maybe help us think about the levers you have and your expectations around top line over the next few years? But -- and I know it's a tough question to put numbers around. We see price as a very important second part. 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. We were able to put that to work behind some of cases launches, behind some of our film launches. 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. And the response from consumers has been overwhelmingly positive. 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. And it's the same principle with theatrical, perceived value of content increases when there's a great expectancy and excitement. Table of Contents While every applicant will be considered, only those passing the initial consideration round will be contacted. 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. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. The Warner Bros. Television Workshop is the premier program for new writers and. There have been some media reports a few weeks ago that you were going to actually keep Discovery as a standalone product. 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. We're putting these targets here out for 2023 with the same mindset that we want to hit or outperform that guidance. Here we have mentioned the name of the founder below here on page read it carefully. And my second question is about this pending relaunch MAX product. And Ben, on the D2C question, let me start with the revenue side of it. That's what led us to the conclusion that direct to streaming movies were providing really no value to us. We repaid $1 billion of debt during Q4, bringing the total debt repaid since the closing of the transaction to $7 billion, and we ended the quarter with $49.5 billion gross debt and nearly $4 billion of cash on hand, implying net leverage just below 5x. For additional information on important factors that could affect these expectations, please see the company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the company's most recent annual report on Form 10-K and its reports on Form 10-Q and Form 8-K. A copy of our Q4 earnings release, trending schedule and accompanying slide deck is available on our website at ir.wbd.com. With respect to these initiatives, we are working on a total potential opportunity of $5 billion over the next few years. Today, I'm thrilled to announce that Mike and Pam signed a deal to make multiple Lord of the Rings movies. Thanks, Ben. We'll definitely -- we're definitely planning for revenue improvement. We believe that when you have content that is so good that it hits the gist. And to that point, I have no doubt that we have years and years of that coming our way. But the other key is that we have the largest TV and motion picture library and we're the biggest producer of quality content in the world. In all that we do, we are guided by three strategic pillars. But the key to this company is, as a storytelling company, we have this diversity. I have one for David and then one for J.B. or Gunnar. Your email address will not be published. And we have high hopes for all of these metrics after the combined product launches to further improve. And curating content so that people can watch it and have a shared experience is a very big piece of the Warner Bros. CAB Castings, LLC. 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. You may now disconnect. Our strategy is no sub left behind. I mean, pot levels in the industry, I think, were down 14% in the quarter. Games & Home entertainment faced difficult year-over-year comps as well due to last year's COVID-induced tailwind for library content. We will always be a little lower maybe than sort of a pure-play D2C product just because of the HBO linear trends that are baked into our revenue number. So that is having some impact on us versus others that were -- that took a much bigger position in the upfront. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. The scatter market overall is very slow, I would say, steady to maybe a little bit better than it was in the fourth quarter. If there is interest in pursuing an application further, the applicant will hear back within 14 days of their original submission. 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. Our next question comes from Michael Morris with Guggenheim Partners. Sorry, Robert. She's also restructured the team with development-focused doers, who are running this portfolio as one integrated portfolio. Have this diversity experience and stronger engagement visions to life the financials for the wizarding world & a session now. Running this portfolio as one integrated portfolio pursuing an application further, the.. A week in early January really want to watch, and he 'll you... 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