If there is interest in pursuing an application further, the applicant will hear back within 14 days of their original submission. 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. So I know it's a pretty open-ended question, but can you talk about how you see the streaming industry evolving overall with these changes? Turning to consolidated results and free cash flow. And that gives us real optionality in terms of nourishing audience for growth and for reduction in churn and for overall price value. Casting Australia (@warnerbroscastingau) It's about the sustainability and the longevity the free cash flow being delivered by that segment. 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. We'll definitely -- we're definitely planning for revenue improvement. If you have an ad-blocker enabled you may be blocked from proceeding. That's the power of streaming. That said, there's still more that we need to get right and we are hard at work. Discovery's Q4 Earnings Call. A number of your competitors have cut back on the total amount that they're spending on cash content in '23 versus '22. Delivering the latest news and official products from the Wizarding World and our partners. And that is the culture here at Warner Bros. Yes. Appreciate all the information you just shared. These are huge numbers, particularly in today's day and age of binge viewing, when there is so much content to choose rooms. And we're able to align our networks on a coterminous basis with these distributors. No, the only thing I would add is from the perspective of cyclical versus secular, there's no doubt. Sure. And I think that diversity is strength. We have full command and control of our business, and we are one company now. 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. 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. "We are looking for: single women and men between the ages of 23-35," the official Warner Bros casting call reads. And getting ready for our new launch. 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 have a lot of motion picture content that we're reworking and making a lot of progress with. And we don't yet have, we think, a strong enough position in that market. On Friday, AT&T handed off Warner Bros. to Discovery Inc. as part of a $43 billion merger. As the only studio scaled in gaming, we see it as a meaningful differentiator with substantial opportunity. J.B., anything to add to that? Having said that, as we face this next upfront, which is coming up in two months, I think the breadth of our content together with where we go in on price, positions us very well. 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. I can't wait for The Flash to hit the theaters in June. 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. Q&A session is now closed, which concludes today's conference. John Oliver in season nine of "Last Week Tonight With John Oliver." Paula Lobo/HBO. 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. In every country, they'll leave dinner and they got to go home to view that product that they love. We see better engagement, better churn, which makes marketing efficiencies come up. We're spending time with him and Peter and he had a vision for DC that we are all in on and believe in. Discovery, Inc.. Oh, on FAST. 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. But we -- I believe that we have an overwhelming advantage in the marketplace with the IP that we own, but to take -- to get that advantage, we have to create great content with that IP. ET Follow HBO Max Go to Site Follow HBO Go to Site Follow Warner Bros. Go to Site Follow HGTV Go to Site Follow Discovery Go to Site Follow discovery+ Go to Site Follow CNN Go to Site Follow TBS Go to Site Follow Food Network 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. And so I think that is key to us in terms of building the long-term strength. We reduced EBITDA losses by $500 million year-over-year to $200 million in Q4, supported by 1.1 million net sub adds in the quarter. For us, 2023 is a year of building. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. Thank you, David. 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 The 50 Best Movies of 2022, According to 165 Critics from . 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 not about getting it out quick. And that is what all great talent wants. We've gone through a couple of the puts and takes here. 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. Today, I'm thrilled to announce that Mike and Pam signed a deal to make multiple Lord of the Rings movies. Participants must be fully vaccinated for COVID-19 and show proof of vaccination. This doesn't yet reflect the $1 price increase on the ad-free retail tier in the U.S. that was implemented in January and which has been digested quite well. from casting calls to the lure of the red-carpet award season. 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. Our next question comes from Michael Morris with Guggenheim Partners. And we continue to track above our internal plans. The long-term earnings and free cash flow generation potential of this company are stronger than ever, particularly after having taken some courageous and crucial first steps this past year. That is what we're tracking in our system today, specific initiatives with associated direct financial impact, responsible owner and detailed milestone plans. And why should we need to monetize that in order to drive shareholder value. Your email address will not be published. And we're seeing some real opportunity here. Turning to the quarter, I'd like to quickly take you through some of the puts and takes impacting performance. 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. Kathleen is doing a lot of work, getting the enormous value of our library on screen. Keep one thing in mind, the entire last year was impacted by this headwind from coming off of Amazon. filming in Atlanta, GA. COVID TEST: TUESDAY JANUARY 10, 2023 FILM (1 DAY BOOKING) - WEDNESDAY JANUARY 11, 2023 RATE: $175/12 (DAILY) + $25 COVID We're also excited for the release of 4 DC films this year, starting with Shazam in 2 weeks and followed by The Flash, which James Gunn called 1 of the greatest superhero movies ever made, a masterpiece. 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. We got some of the best creatives in the industry right now focused on those swings. 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. The sentiment is not terrific. Table of Contents And there's a number of uncertainties as you wouldn't be surprised to hear. I think you used it during your script. Our next question comes from Kutgun Maral with RBC Capital Markets. With that, I'll turn it over to Gunnar, and he'll walk you through the financials for the quarter. The efforts ongoing enterprise-wide are helping to turn the flywheel and grow and improve our businesses, and we see so much opportunity ahead. August 4, 2022 04:30 PM ET. You may now disconnect. We also signed fast content deals with Roku and Tubi, adding to these popular platforms, hundreds of our TV shows and movies, while maximizing the reach and overall value of our content. We're excited about JV's product relaunch in the second quarter, but those are uncertain factors that's very early in the year. John Oliver poked at HBO's parent company, Warner Bros. Passionate about supporting Creatives to develop, produce . 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. Thanks, Ben. 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. I'm just wondering if you can talk about some of these assumptions. 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. This company is found in the years 1923. Acting students missing out on their final year of school can submit their interest to the Warner Bros. Television casting department. 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. Newt Scamanders relationships and past remain enigmatic, so any glimpse into his formative years will be huge for the character. Entertainment Industry professional, constantly in awe of Movie Magic, even after 5+ years of managing the Burbank Warner Bros. Global core subscribers increased 1.1 million sequentially and 10 million year-on-year, while global ARPU increased as well modestly to $7.58. And we are still in the early stages of bringing this comprehensive portfolio together and harnessing all that it can deliver. Elvis is a 2022 biographical drama film directed by Baz Luhrmann and written by Luhrmann, Sam Bromell, Craig Pearce, and Jeremy Doner.It follows the life of the American rock and roll singer and actor Elvis Presley, told from the perspective of his manager, Colonel Tom Parker.It stars Austin Butler as Presley with Tom Hanks as Parker, while Olivia DeJonge, Helen Thomson, Richard Roxburgh . The fourth quarter marked the end of a first and very defining chapter for Warner Bros. 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. And Lord of the Rings, which is a fantastic franchise, Andy Jassy was pushing on it at Amazon with a lot of success, but we own those movie rights. Nov 3, 2022 2:02pm PT Warner Bros. David, maybe just to sort of wrap up that on the content side. David Zaslav Praises CNN Adding More GOP Voices; "Balance Strategy" Is "Important," Warner Bros Discovery Boss Says + Discussion: The Wrap, . Naturally, we are laser-focused on delevering the balance sheet, where I see net leverage very comfortably inside of 4x by the end of 2023 and reiterate our prior guidance to be within the investment grade range by mid-2024 and within our gross leverage target of 2.5x to 3x by the end of 2024. 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. Last year was a year of restructuring. And as I've said before, net-net, that's not a segment where I would expect a sustained revenue growth. International, some areas actually trending up now, others still difficult. And we could see, for instance, at HBO, the majority of viewership of content on HBO was only 40% of the content. It's working. During the WBD quarterly earnings call, Zaslav . It's the backbone of what we're doing, and we'll keep investing. Those shows had a supersized effect on people and culture. 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 have storytelling and games with Hogwarts, which is really off to a tremendous start for us. Well, one of the big advantages that we have, Brett, is that we have this diversity of content. These shows have averaged as many as 20 million viewers in episode with strong week-over-week growth. Looking for Pottermore? Warner Bros. Everybody has a strategic focus on improving free cash flow, market share for each of the businesses. 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 The program was created to provide undiscovered and underrepresented actors, particularly people with disabilities, Indigenous, MENA, and Trans .