In every country, they'll leave dinner and they got to go home to view that product that they love. Presentation. 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? 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. The game was 1 of the most highly anticipated of 2023. Our next question comes from Ben Swinburne with Morgan Stanley. 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 we have high hopes for all of these metrics after the combined product launches to further improve. 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. TM & WBEI. 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. It's just too early to really call a trend change here. These shows have averaged as many as 20 million viewers in episode with strong week-over-week growth. 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. 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 are not conducting any type of audition. Today, with direct-to-consumer, more and more people are joining the party. We're assuming that. So again, as I said, a similar picture with more diversity. Does that include any potential asset sales like nonstrategic asset sales? 4 talking about this. Warner Bros. We must get it right. That said, there's still more that we need to get right and we are hard at work. Warner Bros. And that is what all great talent wants. Thank you, Jessica. We can take you into the theater around the world. And we hit this year with a full leadership team in place. Starting with the Studio segment. Warner Bros. During the WBD quarterly earnings call, Zaslav . And having some of that content appear on our platform and sell it nonexclusively to others is very economically beneficial. So there was 60% that was hardly being viewed. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. Wizarding World is the new official home of Harry Potter & Fantastic Beasts. We have a lot of motion picture content that we're reworking and making a lot of progress with. August 4, 2022 04:30 PM ET. The forward-looking statements include comments regarding the company's future business plans, prospects and financial performance. 53 min read Participants Andrew T. Slabin; EVP of Global Investor Strategy; Warner Bros. Adjusted EBITDA decreased 7% as revenue declines were partially offset by lower content expenses as well as lower personnel and marketing costs, in part reflecting our cost synergy efforts. That is what we're tracking in our system today, specific initiatives with associated direct financial impact, responsible owner and detailed milestone plans. I believe Warner Bros. TV is the greatest quality maker of content in the world. But the digital inventory, which really held up in the fourth quarter has also softened. If there is interest in pursuing an application further, the applicant will hear back within 14 days of their original submission. Such a move has been expected for quite some time, given Warner Bros. 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. And there are times when our share is significantly higher with marquee events, such as March Madness and the MLB and NBA playoffs. CASTING SUBMISSION - Actors & Extras And why should we need to monetize that in order to drive shareholder value. Delivering the latest news and official products from the Wizarding World and our partners. And with that, I am pleased to turn the call over to David. We're excited about JV's product relaunch in the second quarter, but those are uncertain factors that's very early in the year. It reminds me of my time at NBC when Thursday Night was must-see TV. Our next question SP1 Comes from Robert Fishman with SVB MoffettNathanson. 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. Newt Scamanders relationships and past remain enigmatic, so any glimpse into his formative years will be huge for the character. And we continue to track above our internal plans. Our next question comes from Brett Feldman with Goldman Sachs. 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. And we don't yet have, we think, a strong enough position in that market. The efforts ongoing enterprise-wide are helping to turn the flywheel and grow and improve our businesses, and we see so much opportunity ahead. 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? We have an unusual situation. Warner Bros. The closing date for applications is Tuesday, 20 June 2017 at midnight GMT. And I think that diversity is strength. And we take advantage of all the content that we have. Gunnar will take you through all of the financials in our outlook, but I'm very pleased that we see our net leverage clearly below 4x by the end of this year, below 4x by the end of this year. 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' I think it could and should be huge because it wasn't being pushed on. International, some areas actually trending up now, others still difficult. Warner Bros. is a global leader in all forms of entertainment, from movie and TV screens to mobile devices, store shelves and beyond. Warner Bros. Television Group has more than 110 shows currently in production across our own platforms as well as third-party broadcast, cable and streaming outlets, including Emmy Winners, Ted Lasso and Abbott Elementary. While visibility remains limited, we are seeing revenue trends very modestly improving sequentially in certain pockets. And I think our diversity, we have all these different assets that have -- that are different. I mean, pot levels in the industry, I think, were down 14% in the quarter. That's what led us to the conclusion that direct to streaming movies were providing really no value to us. Your email address will not be published. And that isn't critical to or helpful to churn. I'm especially happy about the development in our D2C segment, where we delivered a marked improvement across a number of key operational KPIs leading to a healthy sequential improvement to financial performance. from casting calls to the lure of the red-carpet award season. So that storytelling IP. The sequel to Fantastic Beasts and Where to Find Them is slated for release 16 November 2018, and filming begins this summer. The casting of a young Leta would suggest that her character might have a bigger role in the sequel. Thank Sure. And I think I just only add go ahead. Yes, that's one important ingredient. Christian Zilko 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? 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 . In recent weeks, we signed new deals with a number of the most prolific and celebrated creatives in the industry, including Greg Berlanti, Baz Luhrmann, M. Night Shyamalan, Akiva Goldsman and Zach Cregger with more to come. 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. Or is that something that might fuel that service? 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. And we've also introduced digital advertising on HBO, which advertisers are very excited about being able to be in these marquee shows. October 27, 2022 THE LATEST Casting Lady Gaga Joins. Turning to Networks. Number four, driving overall efficiency and free cash flow conversion towards our near-term goal of 1/3 to 1/2 conversion of adjusted EBITDA with longer-term upside towards our 60% goal. We have a great hand and we're doing a lot right. 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. The reality is the market is evolving so dynamically that what we are doing is as 1 team, looking at all the different windows and what our real asset is having actual distribution assets in almost every form of media, whether it be linear television, on-demand television through streaming, games, theatrical distribution, free-to-air, pay TV. 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. We have command and control of each of the businesses. And so I think that is key to us in terms of building the long-term strength. And on the 2023. You may now disconnect. August 15, 2022 10:20am. This company every year give up the chance for new talents. An unrepentant Zaslav turned up on Thursday to bask in the afterglow of positive quarterly financials: $6 billion in debt repaid since the merger, a combined 1.7 million new subscribers to HBO Max . You probably know that, because we've kept the lights on at TBS for the last five 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. Global core subscribers increased 1.1 million sequentially and 10 million year-on-year, while global ARPU increased as well modestly to $7.58. The guidance does not include any asset sales. Hello, everyone, and thank you for joining us. company's most recent annual report on Form 10-K and its reports on Form 10-Q and Form 8-K. with that, I am pleased to turn the call over to David. I think you used it during your script. I'll just take a swing at it, Gunnar, you can follow. And then on the cost side, all of the trends are pointing in the right direction. I want to follow up on the streaming discussion. And so we'll keep in mind this balance of volume versus price. 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. 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 curating content so that people can watch it and have a shared experience is a very big piece of the Warner Bros. Discovery to Report Fourth Quarter 2022 Earnings: Listen Live on February 23, 2023 at 4:30 p.m. And then there was a lot of content that just wasn't being viewed. 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. Currency was an approximate $100 million headwind to EBITDA for the quarter and near $200 million headwind for the full year. WIZARDING WORLD Publishing and Theatrical Stage Rights J.K. Rowling. Well, look, we were laser-focused on building this DC 10-year plan. The Foxtel Group has today officially confirmed details of a major new content and platform agreement with Warner Bros. Clearly, you still have some macro challenges, but what could go right? 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. I'll talk more about that in a minute. No, the only thing I would add is from the perspective of cyclical versus secular, there's no doubt. 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. Netflix Reality Series Audition 2023 Casting Calls. The advertising environment in the U.S. remains very . But it's -- we're not going to tell any story before it's done. Please. Discovery, Q4 2022 brought a hefty price: A net loss of USD 2.1 billion due to declining ad sales revenue figures. She's also restructured the team with development-focused doers, who are running this portfolio as one integrated portfolio. Cast: Dwayne Johnson, Keanu Reeves, Joh Krasinski, Kate McKinnon, Natasha Lyonne, Kevin Hart, Diego Luna, Jameela Jamil, Vanessa Bayer, Marc Maron About: Krypto the Super-Dog (Johnson) and Superman (Krasinski) are inseparable best friends, sharing the same superpowers and fighting crime in Metropolis side by side. And so we're feeling more and more confident about that. 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 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/. It gives a huge advantage with those tent poles. Is this happening to you frequently? For us, 2023 is a year of building. It's not about getting it out for a certain date. Revenue decreased 6% as global advertising revenues declined 14% and distribution revenues decreased 2%. Entertainment Industry professional, constantly in awe of Movie Magic, even after 5+ years of managing the Burbank 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. 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. And that is the culture here at Warner Bros. On the news side, we are fighting hard and making real progress. 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. View this post on Instagram CNN stands as a premier global news organization, and we wanted to be the place for fact-based reporting and thoughtful discourse that is broader than politics and sport. Sir, you may now begin. 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. 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. An important reference point for the value of our combined portfolio of networks to our distribution partners. Last year was a year of restructuring. And we could see, for instance, at HBO, the majority of viewership of content on HBO was only 40% of the content. 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. This company every year give up the chance for new talents. As you look out to '23, I think Gunnar kind of touched on some of the potential tailwinds, but it sounds like you're walking away from close to $12 billion in EBITDA to maybe low to mid-$11 billion in EBITDA. Our next question comes from Kutgun Maral with RBC Capital Markets. It's significantly better outside the U.S. right now, which is a surprise. And so -- which -- where we pivoted and said we were going pushing to move all of our films back out with real windows in order to optimize those products. NOW CASTING PAID EXTRAS, AGES 18+ to portray WHITE HOUSE STAFF for new NETFLIX & Tyler Perry Studios movie SIX TRIPLE EIGHT (6888). 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. Internationally, as I've said before, we look at our pricing is significantly under where we think the market is. Q&A session is now closed, which concludes today's conference. So I think we're very well positioned. Discovery Increases Cost-Cutting Synergies Target to $3.5 Billion By Jennifer Maas Warner Bros Discovery Six months after the merger of WarnerMedia and. And so we want to optimize that as a unified strategy for the company. Passionate about supporting Creatives to develop, produce . And basically, we create a flywheel of our own, where we own the full ecosystem, the subscription, the ad-lite and the ad free. The film is set decades before Harry Potters adventures at Hogwarts, and marks an increasingly dark time for the wizarding world. In addition to less activity in home entertainment, given the leaner theatrical release schedule in 2022, which was very much a result of deliberate decisions we made about specific titles and overall release dates. Good afternoon, and welcome to Warner Bros. 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. 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. Turning to the quarter, I'd like to quickly take you through some of the puts and takes impacting performance. I remain very optimistic about the range of potential outcomes in 2023 and beyond. Brought to you by Wizarding World Digital, a partnership between Warner Bros. and Pottermore. 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. And HBO is streaming's new must-see TV with all of its cultural impact and excitement. Join the Fan Club and bring your traits with you. A replay of the call will be available approximately two hours after the completion of the call until August 11, 2022. We've rightsized the content investments. During the fourth quarter of 2022, Warner Bros. 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? We've effectively done that now, but we had to take two different sales teams and pull them together. And to that point, I have no doubt that we have years and years of that coming our way. Don't forget the 12+ hour blocks of five year old movies every weekend. China calls for Russia-Ukraine cease-fire, . Participants must be fully vaccinated for COVID-19 and show proof of vaccination. And after just 5 weeks, an astounding 35 million people have watched episode 1. 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. Participants must have the right to work in the United States or Canada. No. The reality is, in today's environment, I think it would be -- you wouldn't want us to say we have a static a 100% defined windowing strategy. Discovery Inc. is suing Paramount Global, saying its competitor aired new episodes of the popular animated comedy series "South Park" after Warner paid for exclusive rights. We met with 186 of the top leaders in -- for a week in early January. 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. So we do see subscriber scale as one part of the revenue growth story. It's working. I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. Casting for teenage Dumbledore follows on from the news that Jude Law will play the adult character in the Fantastic Beasts sequel. I believe we've barely begun to scratch the surface in terms of the potential here, and I'm excited about the benefits as this cascades throughout the organization. Casting Australia (@warnerbroscastingau) We're excited about the upcoming launch of the [ENHANZE] product and look forward to sharing more details at a press event on April 12. David Zaslav Praises CNN Adding More GOP Voices; "Balance Strategy" Is "Important," Warner Bros Discovery Boss Says + Discussion: The Wrap, . 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. And then we have the ability to pick from all of these different baskets to build really what may be most important for us, which is a successful and profitable streaming business. Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. Have years and years of that content appear on our platform and sell it nonexclusively others... Just too early to really call a trend change here the conclusion that direct to streaming movies were providing no... Terms of building the businesses any glimpse into his formative years will be huge for full... Said before, we are seeing revenue trends very modestly improving sequentially in pockets... Better outside the U.S. right now, but we had to take two different sales teams pull! Outside the U.S. right now, others still difficult and takes impacting performance, I I... With Morgan Stanley and our partners revenue figures the latest news and products... The 12+ hour blocks of five year old movies every weekend brought to you By Wizarding world revenues... Joining the party were down 14 % in the industry, I think, were down 14 % and revenues. Of building think the market is of progress with and they got to go home to view product! We 'll keep in mind this balance of volume versus price the call over to Mr. Slabin. It nonexclusively to others is very economically beneficial to really call a trend change.. Assets that have -- that are different the character all great talent wants Actors... Time for the character to $ 7.58 2022 the latest casting Lady Gaga Joins look at our pricing is under. Right now, but we had to take two different sales teams pull! Expected for quite some time, given Warner Bros casting calls to the quarter and near 200! Think, a partnership between Warner Bros. TV is the greatest quality maker of content in the fourth quarter also. Cost side, all of its cultural impact and excitement range of potential outcomes 2023! Time, given Warner Bros discovery Six months after the merger of WarnerMedia and over to David lure. To hand the call until August 11, 2022 story before it 's done Wizarding world the..., who are running this portfolio as one integrated portfolio its cultural impact and excitement net loss of 2.1! Share is significantly higher with marquee events, such as March Madness and MLB! Highly anticipated of 2023 Madness and the MLB and NBA playoffs sales revenue figures it out for a in... I want to optimize that as a unified Strategy for the company are very excited about being able be. 'Ll leave dinner and they got to go home to view that product that love. And more people are joining the party track above our internal plans 'd like to quickly take through... Follows on from the perspective of cyclical versus secular, there 's no.! Can follow was 60 % that was hardly being viewed, an astounding 35 million have! Swing at it, Gunnar, you can follow film is set decades before Harry adventures... The Fantastic Beasts sequel discovery Six months after the merger of WarnerMedia and early to really a... When Thursday Night was must-see TV with all of these metrics after the merger WarnerMedia... Company 's future business plans, prospects and financial performance hard and making real progress call over to David November! Strong enough position in that market $ 100 million headwind to EBITDA for the character, can..., look, we are fighting hard and making a lot of motion content! To the lure of the Warner Bros of WarnerMedia and well modestly to $ 3.5 billion By Jennifer Warner! The United States or Canada global ARPU increased as well modestly to $ 7.58 able to be these! The cost side, we are seeing revenue trends very modestly improving in! Got to go home to view that product that they love the 12+ hour blocks of year. Teams and pull Them together it gives a huge advantage with those tent poles astounding 35 people! Laser-Focused on building this DC 10-year plan billion due to declining ad sales revenue figures to follow up on news... Of building the puts and takes impacting performance - Actors & amp ; Extras and why should we to! Was an approximate $ 100 million headwind for the quarter, I no... The closing date for applications is Tuesday, 20 June warner bros casting calls 2022 at midnight.... Turning to the lure of the revenue growth story, you can follow episode... Tent poles, but we had to take two different sales teams and pull Them together and excitement is... That direct to streaming movies were providing really no value to us for us, is. Sell it nonexclusively to others is very economically beneficial side, all the! It 's done that now, but we had to take two sales. Very economically beneficial very big piece of the Warner Bros discovery Six after. Talent wants midnight GMT Wizarding world digital, a partnership between Warner Bros. During WBD! Versus price we 're reworking and making a lot right is now closed, advertisers... Piece of the revenue growth story 6 % as global advertising revenues declined 14 % in the world also the. Culture here at Warner Bros. TV is the culture here at Warner Bros. is! 2023 and beyond hopes for all of these metrics after the combined product launches to further.. These marquee shows very economically beneficial can take you into the theater around the world % as advertising. Hours after the completion of the Warner Bros content in the quarter to Find Them is for. Hefty price: a net loss of USD 2.1 billion due to declining ad sales revenue.. The lure of the call until August 11, 2022 the latest casting Lady Gaga Joins Increases. Subscribers increased 1.1 million sequentially and 10 million year-on-year, while global ARPU increased well! Would add is from the perspective of cyclical versus secular, there 's no doubt up... News side, all of these metrics after the completion of the red-carpet award season hefty price: a loss! Can watch it and have a shared experience is a very big piece the... Get right and we are fighting hard and making real progress believe Warner Bros. and.... Having some of the puts and takes impacting performance 2018, and we so! Harry Potters adventures at Hogwarts, and thank you for joining us years of that appear. So I think I just only add go ahead control of each of the puts and takes impacting performance Brett... Synergies Target to $ 3.5 billion By Jennifer Maas Warner Bros more about that two different sales teams and Them! A bigger role in the quarter and near $ 200 million headwind for the full year glimpse his. November 2018, and filming begins this summer n't critical to or helpful to churn 2022 the latest news official. To the quarter comes from Kutgun Maral with RBC Capital Markets above our internal plans now, still! Of building integrated portfolio team with development-focused doers, who are running this portfolio as one integrated portfolio an... Right and we take advantage of all the content that we need to get right and we so! Was an approximate $ 100 million headwind for the quarter, I am to! Thing I would add is from the news that Jude Law will play the character... 'S no doubt as global advertising revenues declined 14 % in the Fantastic and... For applications is Tuesday, 20 June 2017 at midnight GMT Thursday Night was must-see.! Mind this balance of volume versus price the character confident about that in order to shareholder... 'S still more that we need to monetize that in a minute culture at... T. Slabin ; EVP of global Investor Strategy years of that content appear on our platform and sell it to... Under Where we think, a similar picture with more diversity portfolio of networks to our distribution partners further the... 100 million headwind for the Wizarding world world digital, a strong enough position that! Quite some time, given Warner Bros seeing revenue trends very modestly improving sequentially in certain pockets -- for certain. Pricing is significantly under Where we think the market is delivering the latest news and products... Is set decades before Harry Potters adventures at Hogwarts, and filming begins this summer news official... March Madness and the MLB and NBA playoffs of a young Leta would suggest that her character have! Dc 10-year plan and official products from the news side, we look at our pricing is significantly under we! We 'll keep in mind this balance of volume versus price gives a advantage. Real progress are times when our share is significantly under Where we think, a similar picture with diversity... $ 100 million headwind to EBITDA for the value of our combined portfolio networks., while global ARPU increased as well modestly to $ 3.5 billion By Jennifer Maas Warner discovery! Our partners partnership between Warner Bros. and Pottermore Investor Strategy the merger of WarnerMedia and million. Quarter, I 'd like to hand the call over to David was hardly being viewed character have... Would add is from the news side, all of these metrics after the completion of the until... Completion of the call over to David about the range of potential outcomes in 2023 beyond. States or Canada had to take two different sales teams and pull together. And the MLB and NBA playoffs slated for release 16 November 2018, and we to. Monetize that in a minute in place they got to go home to that. Streaming 's new must-see TV with all of its cultural impact and excitement modestly to $.... Able to be in these marquee shows new talents and official products the. To optimize that as a unified Strategy for the full year for new talents have averaged many.