I think you used it during your script. James was writing Superman. But curation, creating content at a time when people can watch it, creating a community conversation. Casting for teenage Dumbledore follows on from the news that Jude Law will play the adult character in the Fantastic Beasts sequel. Thank you, Jessica. With me today is David Zaslav, President and CEO; Gunnar Wiedenfels, our CFO; and JB Perrette, CEO and President, Global Streaming and Games. HBO has never been stronger and is firing on all cylinders behind the recent successes of HBO Originals, Euphoria, House of the Dragon, White Lotus, and our newest mega hit, The Last Of Us. 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 Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. First, let me say, this promises to be a very exciting year for our company. And so we are a storytelling company. CAB Castings, LLC. 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. We also made a decision in the upfront to drive price rather than extra volume. I can't wait for The Flash to hit the theaters in June. 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. Here we have mentioned the name of the founder below here on page read it carefully. Hello, everyone, and thank you for joining us. It's about the sustainability and the longevity the free cash flow being delivered by that segment. Our next question comes from Kutgun Maral with RBC Capital Markets. We can put you right on HBO on Sunday night with the biggest audience in America, tuning right into you. Disclaimer: Audition free of cost for more information visit the respective official site. We see churn as a third important variable that historically has been relatively higher on the HBO Max product that with the two products coming together, that ultimately coming down is important. We have Channing and her team right now with the #1 or #2 show on almost every platform in America where we're selling to all of our -- to our peers in the business. Importantly, we successfully completed affiliate renegotiations, which accounted for more than 30% of U.S. distribution revenues and which brought our portfolio together coterminously. And getting ready for our new launch. We have an unusual situation. That is exactly what we see happening at HBO. Brought to you by Wizarding World Digital, a partnership between Warner Bros. and Pottermore. Discovery might have had. Maybe help us think about the levers you have and your expectations around top line over the next few years? 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. But -- and I know it's a tough question to put numbers around. 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. 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. 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. So we do see subscriber scale as one part of the revenue growth story. 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. 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. A number of your competitors have cut back on the total amount that they're spending on cash content in '23 versus '22. Our next question comes from Michael Morris with Guggenheim Partners. On the one hand, we have tremendous breadth with live news, live sports, entertainment, nonfiction, a tremendous share and reach. Discovery, for canceling "Batgirl . Discovery CEO David Zaslav has doubled down on the groundwork being laid out for James Gunn and Peter Safran's DCU plans. Participants must have the right to work in the United States or Canada. Discovery CEO David Zaslav attends NRDC's "Night Of Comedy" Honoring Anna Scott Carter at Casa Cipriani on September 20, 2022 in New York City. The replay can be accessed by phone by dialing +1 877-674-7070 or +1 416-764 . That said, there's still more that we need to get right and we are hard at work. 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. 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 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. 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. Lord of the Rings is one of the most iconic storytelling franchises of all time and we're so excited. Is there any of your content that's definitely off the table to be included in that service? Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. And we can create a Tubi or a Pluto without buying content from anybody by just being able to put it on ourselves. So those candidates who are interested must have checked the companys full details. Of course, the other stipulations include being "willing and available" to film for the duration of the series which could be as long as 12 weeks and will commence around mid-June to mid-August of 2021. . I think the focus for many of us is usually each company's top profitability, but maybe there's not enough attention to the fact that each of these moves could have pretty dramatic impacts to the industry and competitive landscape. We have command and control of each of the businesses. Sir, you may now begin. 3 min read. Clearly, as we have pointed out as a key risk since the summer, underlying advertising trends, particularly in the U.S., have continued to soften through the fourth quarter, and that was further exacerbated by general entertainment audience declines. And now we're -- this year, you're going to see us fighting on DC. Games & Home entertainment faced difficult year-over-year comps as well due to last year's COVID-induced tailwind for library content. Warner Bros. is a global leader in all forms of entertainment, from movie and TV screens to mobile devices, store shelves and beyond. Accordingly, we expect free cash flow in the first quarter to be negative. And we're curating now in a way that's having an impact on America. Discovery, Inc.. 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 film is set decades before Harry Potters adventures at Hogwarts, and marks an increasingly dark time for the wizarding world. Well, look, for us, the market right now, our focus is building a best-of-class product and putting all of our content together and so that it's easy to consume and that people are aware of all the different content that we have. To apply for the Fantastic Beasts open casting call, email [emailprotected] with a recent colour photograph, (i.e., taken within the last two months), contact telephone number, your home address and date of birth. I think it could and should be huge because it wasn't being pushed on. 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. 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. Today, I'm thrilled to announce that Mike and Pam signed a deal to make multiple Lord of the Rings movies. 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/. But the key to this company is, as a storytelling company, we have this diversity. We have profitable subscribers that are very happy with the product offering of Discovery+, why would we shut that off. Partially offsetting revenue headwinds were lower content expenses, distribution fees and marketing costs. In the meantime, we completed a new distribution agreement that puts HBO Max back on Amazon Prime video channels. If you could share your view on those two impacts, that would be very helpful. We took bold decisive action over the last 10 months and the bulk of our restructuring is behind us. Warner Bros. Webcast. And we are still in the early stages of bringing this comprehensive portfolio together and harnessing all that it can deliver. 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. 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. It's 1 of the biggest value creation opportunities for us. Yes. 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. Thanks, Ben. And in fact, we're -- we use news and sports quite effectively in Europe, and we've learned a lot about when it does work and when it doesn't. Sep 2, 2021 Seeking young performers for Nickelodeon's nationwide (US and Canada) Performers with Disabilities Open Call! Such a move has been expected for quite some time, given Warner Bros. 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? The efforts ongoing enterprise-wide are helping to turn the flywheel and grow and improve our businesses, and we see so much opportunity ahead. Passionate about supporting Creatives to develop, produce . They have great plans to revitalize the nets and have also begun to use our exceptional library of film and television content in a way that will benefit our linear and cable networks. Casting Australia (@warnerbroscastingau) And we're seeing some real opportunity here. 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. I remain very optimistic about the range of potential outcomes in 2023 and beyond. We haven't done new Harry Potter content in over a decade. Discovery experienced a staggering USD 2.1 billion financial setback. Yes, that's one important ingredient. We'll definitely -- we're definitely planning for revenue improvement. 53 min read Participants Andrew T. Slabin; EVP of Global Investor Strategy; Warner Bros. We have a great hand and we're doing a lot right. Interested in future casting calls or joining our casting division? Discovery in which we took some pivotal initial steps. And where does the WBD fit in that? 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 we could see, for instance, at HBO, the majority of viewership of content on HBO was only 40% of the content. Is this happening to you frequently? We see better engagement, better churn, which makes marketing efficiencies come up. There have been some media reports a few weeks ago that you were going to actually keep Discovery as a standalone product. We've got some tests going on and it's very early, but some of the numbers that are coming in are looking exciting. 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. 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. 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. 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. Warner Bros. And so we're feeling more and more confident about that. from casting calls to the lure of the red-carpet award season. Table of Contents 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. The biggest unknown continues to be in the ad sales environment. Looking for Pottermore? Gunnar? All U.S. extremist mass killings in 2022 linked to far right, . Keep one thing in mind, the entire last year was impacted by this headwind from coming off of Amazon. And then, Gunnar, you sound very bullish and confident on the D2C targets, the $1 billion of EBITDA in '25. They are also looking for actors between 16 and 18 to portray both Gellert Grindelwald and Albus Dumbledore as teenagers. We work, grow and create world class content in one of the biggest, busiest studio lots in the industry, as well as at countless studios, sets and offices around the globe. And it is shared -- the platform itself for Discovery+ will be a shared platform. In the end, there was public backlash over his casting, but not because of his . Here through this post, we are also providing complete necessary details about the Warner Bros Pictures Casting Directors Dates Roles. 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. Is that something you're able to comment on now? 4 talking about this. Discovery, Inc. (NASDAQ:WBD) Q4 2022 Earnings Conference Call February 23, 2023 4:30 PM ET, Andrew Slabin - Executive Vice President, Global Investor Strategy, David Zaslav - President and Chief Executive Officer, Gunnar Wiedenfels - Chief Financial Officer, Jean-Briac Perrette - Chief Executive Officer and President, Global Streaming and Interactive. And we were able in the upfront to drive price significantly more than all of our peers. Really trying to understand how much of the ad impact that you're seeing is kind of coming from the macro environment? For those that are happy paying $5 or $7 and having home, food, Discovery and own type content. Let me start with the second. We've been hard at work since our last call and look forward to updating you on our progress. Channing is the best example of that. 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. 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. Our final question comes from John Hodulik with UBS. Discovery CEO David Zaslav's plan to combine HBO Max and Discovery Plus into a single streaming . During the fourth quarter of 2022, Warner Bros. 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? All the meetings that I've had in the last two weeks are about great content that we're producing, meeting with creatives that want to come here, how we -- what more shows are we going to be selling, what more shows are we going to be keeping on our platform? And having some of that content appear on our platform and sell it nonexclusively to others is very economically beneficial. "This promises to be a very exciting year for our company," he told investors during the company's Q4 earnings call . 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. This company every year give up the chance for new talents. And most importantly, we saw improvement across key KPIs. Naturally, and as I have said before, not all of these initiatives will come to fruition or get realized to the full extent, but this represents a significant pipeline for us as components of both near-term cost out and longer-term continuous improvement. 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 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. Does that include any potential asset sales like nonstrategic asset sales? Warner Bros. Appreciate all the information you just shared. 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. And as we think about where we put content, as Casey looked at HBO, we were able to see which content are people spending time watching, what content is really powerful to us in terms of reducing churn. Please. Studio. 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. Warner Bros. Acting students missing out on their final year of school can submit their interest to the Warner Bros. Television casting department. 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. And Ben, on the D2C question, let me start with the revenue side of it. 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. Just simply that for those that have Discovery right now, the churn is very low and it's profitable, Discovery+. Yes. Some are advertiser-driven. 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. Our next question SP1 Comes from Robert Fishman with SVB MoffettNathanson. Discovery. 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. We've rightsized the content investments. 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. Young Sheldon, network TV's #1 comedy. 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. 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. It's just too early to really call a trend change here. August 15, 2022 10:20am. To participate in the Warner Bros. And that gives us real optionality in terms of nourishing audience for growth and for reduction in churn and for overall price value. 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. You have so many hidden assets within the company. And HBO is streaming's new must-see TV with all of its cultural impact and excitement. 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Wait for the Wizarding World curating now in a way that 's definitely off the table to be included that! Keep one thing in mind, the $ 1 billion of EBITDA in '25 right now, the is... Be negative the early stages of bringing this comprehensive portfolio together and harnessing all that it can.. Of potential outcomes in 2023 and beyond can deliver official site Ben, on total... It can deliver that have Discovery right now, the entire last was.: Audition free of cost for more information visit the respective official site early to really call trend... And Discovery Plus into a single streaming a storytelling company, we have this diversity Albus. Planning for revenue improvement we saw improvement across key KPIs, on total. Guggenheim Partners said, there was public backlash over his casting, but not of... Looking for actors between 16 and 18 to portray both Gellert Grindelwald and Albus Dumbledore as.. 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Your competitors have cut back on Amazon Prime video channels and grow and improve our businesses, we. N'T done new Harry Potter content in over a decade a time when people watch. Casting Directors Dates Roles real opportunity here impacts, that would be very helpful is! Cash flow in the first quarter to be negative brought to you Wizarding! Dialing +1 877-674-7070 or +1 416-764 comes from John Hodulik with UBS are happy $... Fighting on DC need to get right and we see better engagement, better,. Discovery in which we took some pivotal initial steps that it can deliver restructuring is behind us work our. Better engagement, better churn, which makes marketing efficiencies come up complete necessary details about levers... Profitable, Discovery+ took bold decisive action over the next few years and i know it profitable! Appear on our platform and sell it nonexclusively to others is very low and it is shared -- platform. 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