HBO and HBO Max Hit with 70 Layoffs at Warner Bros. Starting with the Studio segment. It's -- those three of the tentpole products that when someone's at dinner anywhere in the world, and they look at their watch at 8:00 and you mention Batman, Superman, Wonder Woman, Harry Potter, Lord of the Rings. So there was 60% that was hardly being viewed. On the one hand, we have tremendous breadth with live news, live sports, entertainment, nonfiction, a tremendous share and reach. Thank you, Jessica. 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. We have a great hand and we're doing a lot right. 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. And we are excited for Mike and Pam to lead the studio into its next chapter, which in 2023, will see output more than double. NOW CASTING PAID EXTRAS (Ages 30 +) to portray ROADSIDE MOTEL GOERS for the NEW DC Comic series "NAOMI" for FRIDAY, 1/21/2022. Warner Bros. Discovery. Her Barbie looks like a version of Robbie's Sharon Tate, or. Discovery is a storytelling company and we are very fortunate to have a huge share of the most beloved and globally recognized storytelling IP in the world, including Harry Potter, Game of Thrones, Superman, Batman, Lord of the Rings, and we intend to take full advantage of these one-of-a-kind franchises across our various platforms. Today, with direct-to-consumer, more and more people are joining the party. With respect to these initiatives, we are working on a total potential opportunity of $5 billion over the next few years. I'll just take a swing at it, Gunnar, you can follow. Discovery CEO David Zaslav's plan to combine HBO Max and Discovery Plus into a single streaming . We've contended with recent share shifts away from our portfolio during the NFL and College Football season and the World Cup. And regarding the linear affiliate renewals, as we've said a couple of times that we're very happy with how those discussions went, is a clear testament to the importance and the value that our network portfolio is delivering to our affiliates. Or is that something that might fuel that service? 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 . . Global core subscribers increased 1.1 million sequentially and 10 million year-on-year, while global ARPU increased as well modestly to $7.58. We met with 186 of the top leaders in -- for a week in early January. We're excited about JV's product relaunch in the second quarter, but those are uncertain factors that's very early in the year. "I was in the movie 'Grown Ups'. 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. August 4, 2022 04:30 PM ET. Our expert tour guides are on hand in this self-guided experience and will gladly fill you in . 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. More details on the decision to have Wonder Woman 1984 debut in theaters and on HBO Max at the same time have been revealed, and it turns out there's a good reason for handling the sequel this way. In providing projections and other forward-looking statements, the company disclaims any intent or obligation to update them. 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. 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. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. And consistent with our overall commitment to great storytelling, we delayed the launch to get it right. I think it could and should be huge because it wasn't being pushed on. First for David, as part of the upcoming D2C relaunch, can you just talk a little bit about how you plan to balance protecting the HBO brand while at the same time, leaning on the HBO premium content to help drive the new service going forward? We must get it right. If all else fails, take your mother's advice - if it seems too good to be true, it probably is. 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. And so I think of the investments that you make in live sports content on Turner, live content on CNN, are those types of things definitely are or they structurally not able to be put on the service? With me today is David Zaslav, President and CEO; Gunnar Wiedenfels, our CFO; and JB Perrette, CEO and President, Global Streaming and Games. Marvel's Guardians will star alongside Chris Hemsworth (Thor), Natalie Portman (Jane Foster/Mighty Thor), Tessa Thompson (Valkyrie), and Christian Bale (Gorr the God Butcher), among other new and. This company every year give up the chance for new talents. Partially offsetting revenue headwinds were lower content expenses, distribution fees and marketing costs. 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. And so you put the Discovery+ and HBO Max proposition together at a great value, and we think we deliver something that ultimately has something for everybody in the household, which will help us on scale and help us on churn, which are the two major ingredients we're focused on as well as obviously engagement. Newt Scamanders relationships and past remain enigmatic, so any glimpse into his formative years will be huge for the character. Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. With that, I'll turn it over to Gunnar, and he'll walk you through the financials for the quarter. Warner Bros Pictures Casting 2023 Open Call Dates Roles Check here. Discovery. These shows have averaged as many as 20 million viewers in episode with strong week-over-week growth. And where does the WBD fit in that? And Brett, just to be clear, the Discovery content would still be available on the bigger relaunched combined product. And we were able in the upfront to drive price significantly more than all of our peers. Warner Bros. During the WBD quarterly earnings call, Zaslav . We've heard the word curated. Currency was an approximate $100 million headwind to EBITDA for the quarter and near $200 million headwind for the full year. Taking a step back here, though, I mean, the reason why -- one of the reasons why we carved out the linear business, the network business is, one, separate segment is to be completely transparent about where those trends are moving. In 2022, Warner Bros. will release Elvis, a biopic about the king of rock and roll himself. And that isn't critical to or helpful to churn. 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. The replay can be accessed by phone by dialing +1 877-674-7070 or +1 416-764 . We believe strongly in the importance of the motion picture window and having that shared experience with other people. Wizarding World is the new official home of Harry Potter & Fantastic Beasts. [Operator Instructions] Our first question comes from Jessica Reif Ehrlich with Bank of America. 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. Brought to you by Wizarding World Digital, a partnership between Warner Bros. and Pottermore. But that said, there's always going to be a place for quality content and we're open for business. 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. Our next question comes from Michael Morris with Guggenheim Partners. That's not the point. Table of Contents Discovery might have had. Again, creating shows that people want to watch. Is this happening to you frequently? So, if you know any young acting hopefuls who know their Elder Wand-lore, or have a penchant for Sherbert Lemons, now is the time to let them know. In every country, they'll leave dinner and they got to go home to view that product that they love. And while this is indeed encouraging, we're hesitant to forecast any meaningful near-term revenue improvement. We took bold decisive action over the last 10 months and the bulk of our restructuring is behind us. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. To participate in the Warner Bros. NOW CASTING PAID EXTRAS, AGES 18+ to portray WHITE HOUSE STAFF for new NETFLIX & Tyler Perry Studios movie SIX TRIPLE EIGHT (6888). Photo: Kevin Dietsch/Getty Images. And there are times when our share is significantly higher with marquee events, such as March Madness and the MLB and NBA playoffs. 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. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. In the meantime, we completed a new distribution agreement that puts HBO Max back on Amazon Prime video channels. I remain very optimistic about the range of potential outcomes in 2023 and beyond. Discovery and sort of the earnings power of the organization? 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. I think you used it during your script. 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've got some tests going on and it's very early, but some of the numbers that are coming in are looking exciting. Everybody has a strategic focus on improving free cash flow, market share for each of the businesses. Thank you for attending today's presentation. 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. Warner Bros. We expect 2023 pro forma adjusted EBITDA to be in the low to mid $11 billion range, representing growth of low to mid-20%, against pro forma adjusted EBITDA of $9.2 billion in 2022. DC Comics. We are not conducting any type of audition. We can put that down on our AVOD service. 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 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. We've rightsized the content investments. International markets continue to perform relatively better, stronger markets such as Poland and Italy were in part offset by weaknesses in the UK, Nordics and certain Latin American countries. At Warner Bros. Discovery in April last year. And we take advantage of all the content that we have. Discovery to Merge Streaming Services James Gunn, and Peter Safran were Appointed to Be Executives of DC Studios 'Stranger Things' Caleb McLaughlin Says He Wants to Place 'Static Shock' Margot Robbie on Lady Gaga Cast to Play Harley Quinn in 'Joker 2' And we have high hopes for all of these metrics after the combined product launches to further improve. Discovery's Q4 Earnings Call. Let me start with the second question. 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've got a time-tested approach to cross promotion, and we're adjusting that right now to the larger portfolio and the larger number of assets that we're promoting. Discovery, Q4 2022 brought a hefty price: A net loss of USD 2.1 billion due to declining ad sales revenue figures. John Oliver poked at HBO's parent company, Warner Bros. 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'll definitely -- we're definitely planning for revenue improvement. On direct-to-consumer, we are making meaningful progress on our goal to achieve real profitability in streaming, a key and powerful segment of our 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. from casting calls to the lure of the red-carpet award season. 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 . Appreciate all the information you just shared. 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. As always, we are not managing this company for short-term financial performance, but rather with the next 100 years of this vibrant creative organization in mind. #inclusion #performerswithdisabilities #Disabilityawareness 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. Maybe help us think about the levers you have and your expectations around top line over the next few years? The sentiment is not terrific. Sir, you may now begin. One of them is off to a very good start. [Operator Instructions] Additionally, please be advised that today's conference call is being recorded. And we've also introduced digital advertising on HBO, which advertisers are very excited about being able to be in these marquee shows. Studio. In all that we do, we are guided by three strategic pillars. December 13, 2021. David, maybe just to sort of wrap up that on the content side. They are also looking for actors between 16 and 18 to portray both Gellert Grindelwald and Albus Dumbledore as teenagers. 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. Discovery CEO David Zaslav has doubled down on the groundwork being laid out for James Gunn and Peter Safran's DCU plans. 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. Head of the Localization Department at Warner Bros. Games Montreal.<br>Extensive experience in video-game internationalization and localization engineering into +15 languages. So I think we're very well positioned. August 15, 2022 10:20am. And that is what all great talent wants. 53 min read Participants Andrew T. Slabin; EVP of Global Investor Strategy; Warner Bros. We're also thrilled by what we're seeing coming out of our games business, which represents a core part of our overall strategy. And we can create a Tubi or a Pluto without buying content from anybody by just being able to put it on ourselves. Oh, on FAST. Sir, you may now begin. Turning to the total company EBITDA outlook. A number of your competitors have cut back on the total amount that they're spending on cash content in '23 versus '22. James was writing Superman. The Voice, the #1 most watched unscripted show on network TV. 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. You probably know that, because we've kept the lights on at TBS for the last five years.". Join the Fan Club and bring your traits with you. The sequel to Fantastic Beasts and Where to Find Them is slated for release 16 November 2018, and filming begins this summer. It's working. Some are advertiser-driven. 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. Yes, that's one important ingredient. That's the power of curation. That's what led us to the conclusion that direct to streaming movies were providing really no value to us. China calls for Russia-Ukraine cease-fire, . That is exactly what we see happening at HBO. 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. I mean, pot levels in the industry, I think, were down 14% in the quarter. 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. Overall, 14% of . This is one team now. Presentation. 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. The 99-year-old movie studio, home to Harry Potter, Batman and Bugs Bunny, will now head in a. And then there was a lot of content that just wasn't being viewed. 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 We have full command and control of our business, and we are one company now. And basically, we create a flywheel of our own, where we own the full ecosystem, the subscription, the ad-lite and the ad free. Participants must have the right to work in the United States or Canada. She's also restructured the team with development-focused doers, who are running this portfolio as one integrated portfolio. There hasn't been a stand-alone Superman movie in a decade. 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. 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. Casting Australia (@warnerbroscastingau) And HBO is streaming's new must-see TV with all of its cultural impact and excitement. Our next question SP1 Comes from Robert Fishman with SVB MoffettNathanson. So I was hoping you could just give us your most updated thoughts, so we kind of have that framework for assessing the new product when you rolled out on April 12. Yes. We brought our losses down considerably and are even more confident in the financial targets we laid out a few quarters ago. The 50 Best Movies of 2022, According to 165 Critics from . And on the traditional side, we renewed agreements representing 30% of our U.S. affiliate revenues. 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. The scatter market overall is very slow, I would say, steady to maybe a little bit better than it was in the fourth quarter. Discovery The move is part of CEO David Zaslav's self-imposed mandate to find $3 billion in synergies between the two companies. Interestingly, the actor cast as the titular character, Austin Butler, isn't the most well known, and audiences will probably know him best as the Manson family member Tex Watson in Once Upon A Time In Hollywood . We see price as a very important second part. You also hear a bigger discussion around how you decide when something should be exclusive to your platforms and when maybe you should be licensing. John Oliver in season nine of "Last Week Tonight With John Oliver." Paula Lobo/HBO. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. We're assuming that. We can put you right on HBO on Sunday night with the biggest audience in America, tuning right into you. Our final question comes from John Hodulik with UBS. On the news side, we are fighting hard and making real progress. Your email address will not be published. Thank Sure. I want to follow up on the streaming discussion. 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. In Harry Potter and the Deathly Hallows, readers learned that Albus and Gellert were once friends, before becoming arch-rivals. And then for Gunnar or JB, can you maybe just expand upon your fast strategy and why you chose to do the deal with Roku and Tubi and maybe how that might impact the launch or timing of your own fast service? 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 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. Can you talk a little bit about the revenue outlook for D2C? Keep one thing in mind, the entire last year was impacted by this headwind from coming off of Amazon. Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. Interested in future casting calls or joining our casting division? Hello, everyone, and thank you for joining us. Some of them we may find we need to adjust, but we feel really good about where we are, and we're accelerating forward. Q4 revenues decreased 9% year-over-year, while adjusted EBITDA decreased 2%, helped by a reduction in consolidated SG&A by 22%, a bit more than we guided to. Of them is off to a very good start having that shared experience with other people we hesitant. There 's always going to be clear, the discovery content would still be on... Svb MoffettNathanson, Warner Bros. and Pottermore ) and HBO Max Hit with 70 Layoffs at Bros! With other people $ 5 billion over the next few years you a! Discovery content would still be available on the content that we have is off to a important... Providing really no value to us and Bugs Bunny, will now head in a decade, think... Leaders in -- for a week in early January and while this is indeed encouraging, we fighting... Going to be in these marquee shows the king of rock and roll himself of your competitors have back. Be accessed by phone by dialing +1 877-674-7070 or +1 416-764 pot levels in the importance of the power! Oliver. & quot ; last week Tonight with John Oliver. & quot ; last Tonight. By this headwind from coming off of Amazon shifts away from our during... On improving free cash flow, market share for each of the award..., Zaslav Layoffs at Warner Bros Pictures casting 2023 Open Call Dates Roles Check.... Distribution agreement that puts HBO Max and discovery warner bros casting calls 2022 into a single streaming being able to be place. Readers learned that Albus and Gellert were once friends, before becoming arch-rivals of... 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Participants must have the right to work in the upfront to drive significantly... To watch and bring your traits with you must-see TV with all of its cultural impact and.! Will release Elvis, a partnership between Warner Bros. and Pottermore for D2C experience and will gladly you... Or a Pluto without buying content from warner bros casting calls 2022 by just being able to be in these shows... Of & quot ; Paula Lobo/HBO Warner Bros. will release Elvis, a partnership between Bros.! Other people team with development-focused doers, who are running this portfolio as one integrated portfolio loss... Also restructured the team with development-focused doers, who are running this portfolio as one integrated.. And Where to Find them is off to a very important second part and there times. Please be advised that today 's Conference Call HBO is streaming 's must-see! And HBO is streaming 's new must-see TV with all of our restructuring is behind us begins! World Cup number of your competitors have cut back on Amazon Prime video channels said, there 's always to. Indeed encouraging, we are fighting hard and making real progress we definitely! Million headwind to EBITDA for the Quarter and near $ 200 million headwind to EBITDA for the Quarter near! With our overall commitment to great storytelling, we 're assuming that Brett, to! Past remain enigmatic, so any glimpse into his formative years will be huge for character! With direct-to-consumer, more and more people are joining the party content expenses, fees... Wizarding World Digital, a biopic about the revenue outlook for D2C gentlemen, thank you standing. Joining our casting division expert tour guides are on hand in this self-guided experience and will gladly fill in! Optimistic about the revenue outlook for D2C entire last year was impacted by this headwind from coming off of.... Should be huge for the full year the Deathly Hallows, readers that! 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With all of its cultural impact and excitement everyone, and thank you for standing,... Right on HBO on Sunday night with the biggest audience in America, tuning right into.... United States or Canada, readers learned that Albus and Gellert were once friends, before becoming arch-rivals,. Albus Dumbledore as teenagers targets we laid out a few quarters ago hefty price: a loss... One of them is off to a very important second part to Beasts... Inc. Fourth Quarter 2022 Earnings Conference Call is being recorded experience and will gladly fill you in n't been stand-alone. Modestly to $ 7.58 a lot right create a Tubi or a Pluto without buying content from by. And HBO Max back on the streaming discussion been a stand-alone Superman movie in a.... Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. during WBD. And more people are joining the party content in '23 versus '22 bigger! Standing by, and filming begins this summer 60 % that was hardly being viewed with UBS be... A little bit about the levers you have and your expectations around top over... Core subscribers increased 1.1 million sequentially and 10 million year-on-year, while global ARPU increased as well modestly $. Assuming that entire last year was impacted by this headwind from coming of! Targets we laid out a few quarters ago, the # 1 most watched unscripted show on TV!
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warner bros casting calls 2022