Yes. That's not the point. I can't wait for The Flash to hit the theaters in June. No, the only thing I would add is from the perspective of cyclical versus secular, there's no doubt. We met with 186 of the top leaders in -- for a week in early January. Aug 9, 2022, 8:40 AM. I'm just wondering if you can talk about some of these assumptions. 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. It's a wow. China said on Monday (local time) it sought dialogue and peace for Ukraine despite US warnings that Beijing might be considering weapons supplies for its ally Russia's bogged-down invasion. And so we were able, in many ways, to Monday morning quarterback. I want to follow up on the streaming discussion. That said, there's still more that we need to get right and we are hard at work. On the news side, we are fighting hard and making real progress. Interested in future casting calls or joining our casting division? Wizarding World is the new official home of Harry Potter & Fantastic Beasts. And having all those distribution outlets gives us the optionality to look at what the data shows us and see where we need to lean in further or not. What's in there for upside, which is something that you didn't really talk about that much, but it's new? Use the form below to submit your basics and we'll reach out to you when the next big film casts! Games & Home entertainment faced difficult year-over-year comps as well due to last year's COVID-induced tailwind for library content. 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. 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. On FAST, look, the strategy is, I think, back to some of the questions earlier, at the end of the day, one of the advantages we feel like we have is the question keeps coming up about windowing. It comes after HBO and HBO. Turning to the total company EBITDA outlook. With the successful launch of Hogwarts Legacy 2 weeks ago, we reimagined 1 of the biggest global franchises in the world. Turning to consolidated results and free cash flow. The 99-year-old movie studio, home to Harry Potter, Batman and Bugs Bunny, will now head in a. The studio is the flagship producer of live-action feature films within Warner Bros. In every country, they'll leave dinner and they got to go home to view that product that they love. That is exactly what we see happening at HBO. I'll talk more about that in a minute. CASTING SUBMISSION - Actors & Extras Global core subscribers increased 1.1 million sequentially and 10 million year-on-year, while global ARPU increased as well modestly to $7.58. Thank you for attending today's presentation. The Hogwarts game, we took several additional months to rework it, to get it right. Discovery Increases Cost-Cutting Synergies Target to $3.5 Billion By Jennifer Maas Warner Bros Discovery Six months after the merger of WarnerMedia and. Here we have mentioned the name of the founder below here on page read it carefully. 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. We have a lot of points to be very excited about. I have one for David and then one for J.B. or Gunnar. Currency was an approximate $100 million headwind to EBITDA for the quarter and near $200 million headwind for the full year. The only other thing I'd add, Ben, is for us, it's not just a question of subscriber scaling. Well, one of the big advantages that we have, Brett, is that we have this diversity of content. Don't forget the 12+ hour blocks of five year old movies every weekend. 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. 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? 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. And on the 2023 outlook, look, it's early in the year. If all else fails, take your mother's advice - if it seems too good to be true, it probably is. If they ask you to pay a fee in order to audition for a specific role, it's most likely a scam. Just simply that for those that have Discovery right now, the churn is very low and it's profitable, Discovery+. Thanks, Ben. Our strategy is no sub left behind. Warner Bros. is a global leader in all forms of entertainment, from movie and TV screens to mobile devices, store shelves and beyond. International, some areas actually trending up now, others still difficult. Though like in the U.S., we're being mindful about overall visibility in regional, macro and political influences. Gunnar and the team are laser-focused on driving transformation throughout the organization, supporting our ability to further generate real free cash flow. Discovery Cuts Scripted Programming at TBS, TNT. During the WBD quarterly earnings call, Zaslav . So I think that I'm hyper-focused on this, meeting once a week with the team, but getting our stride as a new working team, and I feel like we're starting to get some momentum on that. A 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. It's not about getting it out quick. 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 while this is indeed encouraging, we're hesitant to forecast any meaningful near-term revenue improvement. December 13, 2021. With that, I'll turn it over to Gunnar, and he'll walk you through the financials for the quarter. Yes. J.B., anything to add to that? On the advertising side, it's kind of a complex answer. 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. At Warner Bros. Partially offsetting revenue headwinds were lower content expenses, distribution fees and marketing costs. And I think that diversity is strength. 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. No question about that. And we're doing it in a very tasteful way by putting it on the very front end. Maybe help us think about the levers you have and your expectations around top line over the next few years? Today, I'm thrilled to announce that Mike and Pam signed a deal to make multiple Lord of the Rings movies. Echoing some of what David said, the leadership team is ever more aligned on strategic decision-making that benefits the company as a whole versus one segment or another and is incentivized as such. This phenomenon can go for eight, 10-plus weeks for each series. Obviously, successful films will help your Studio segment earnings. 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. And at the end of the day, the consumer is at a point in time where they want more choice and better breadth of choice from fewer services, because they just don't have either share of wallet to be able to spending on five, six, seven services anymore. 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 Internationally, as I've said before, we look at our pricing is significantly under where we think the market is. So those candidates who are interested must have checked the companys full details. 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? This is one team now. But the key to this company is, as a storytelling company, we have this diversity. There's loads of content out there. 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 . We have full command and control of our business, and we are one company now. Discovery, for canceling "Batgirl . And we're curating now in a way that's having an impact on America. You do not need to submit this form if you've already submitted to any casting. [Operator Instructions] I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. And we are still in the early stages of bringing this comprehensive portfolio together and harnessing all that it can deliver. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. If you could share your view on those two impacts, that would be very helpful. We have a great hand and we're doing a lot right. 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. They are also looking for actors between 16 and 18 to portray both Gellert Grindelwald and Albus Dumbledore as teenagers. Is there -- what are you considering? And on the potential for the balance sheet, the balance sheet improvement is very encouraging. Studio. We continue to be the place creators are choosing to bring their visions to life. In 2022, Warner Bros. will release Elvis, a biopic about the king of rock and roll himself. And for us, DC alone will be -- could and should be a game changer. The casting of a young Leta would suggest that her character might have a bigger role in the sequel. We've gone through a couple of the puts and takes here. And now we're -- this year, you're going to see us fighting on DC. In providing projections and other forward-looking statements, the company disclaims any intent or obligation to update them. 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. Discovery Is America's Worst-Run Company,Mismanagement has ruined whatever success Warner Bros. And once we establish this funnel, then we can take things like the first season of succession or the second season. 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 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. Thank you, David. We believe that when you have content that is so good that it hits the gist. We've been hard at work since our last call and look forward to updating you on our progress. I saw it and loved it. Warner Bros. We were able to put that to work behind some of cases launches, behind some of our film launches. 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. 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. Warner Bros. MACON RUSH CALL BACKGROUND Casting Notice *Warner Bros FEATURE FILM: "The Color Purple-The Musical' LOCATION: Macon, GA By Kevin P. King - April 7, 2022 487 0 Advertisements On Location Casting *RUSH CALL* - TODAY! Before we start, I'd like to remind you that today's conference call will include forward-looking statements that we make pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We have storytelling and games with Hogwarts, which is really off to a tremendous start for us. Warner Bros. Sir, you may now begin. Nowhere is this more important in my view, and it isn't going to happen overnight, and I believe we are on the right path. Stay tuned for more to come on this front. Good afternoon, and welcome to Warner Bros. 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. NOW CASTING PAID EXTRAS, AGES 18+ to portray WHITE HOUSE STAFF for new NETFLIX & Tyler Perry Studios movie SIX TRIPLE EIGHT (6888). Disclaimer: Audition free of cost for more information visit the respective official site. Turning to Networks. And Ben, on the D2C question, let me start with the revenue side of it. And why should we need to monetize that in order to drive shareholder value. We're also thrilled by what we're seeing coming out of our games business, which represents a core part of our overall strategy. We have an exceptional leadership team that is truly aligned across a common set of strategic, operational and financial goals and metrics. Head of the Localization Department at Warner Bros. Games Montreal.<br>Extensive experience in video-game internationalization and localization engineering into +15 languages. Anyone under 18 must ask a parent or guardian to send the application. 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. And now you see a very soft scatter market. 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. Her Barbie looks like a version of Robbie's Sharon Tate, or. We said starting last August, we believe in profitable scale. Sep 2, 2021 Seeking young performers for Nickelodeon's nationwide (US and Canada) Performers with Disabilities Open Call! Warner Bros Pictures Casting 2023 Open Call Dates Roles Check here. 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. It's working. Yes. Today, with direct-to-consumer, more and more people are joining the party. 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. We continue to expect to convert 1/3 to half of EBITDA into free cash flow, as I stated earlier, with the key determinants and drivers of growth being the magnitude of EBITDA, net cash content spend, the impact of working capital initiatives, and the timing and magnitude of a trend change in the advertising market. I believe Warner Bros. TV is the greatest quality maker of content in the world. We have an unusual situation. 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 . Chris Licht and the team are focused on building an asset for the long term across cable and digital that is worthy of that great global brand. Your email address will not be published. The advertising environment in the U.S. remains very . You're going to see us fighting at Warner Bros. on the Motion Picture side, in order to really -- I think there's a huge opportunity on the Warner Bros. Motion Picture side for investment in quality content and storytelling. Batman Day - September 17, 2022. For those that are happy paying $5 or $7 and having home, food, Discovery and own type content. 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. While every applicant will be considered, only those passing the initial consideration round will be contacted. It was a heavy lift to bring 2 teams together, notwithstanding the economy being what it was, and we are now drilling down on all facets of the business. Discovery Second Quarter 2022 Earnings Call. And as I've said before, net-net, that's not a segment where I would expect a sustained revenue growth. 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