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You do not need to submit this form if you've already submitted to any casting. [Operator Instructions] Our first question comes from Jessica Reif Ehrlich with Bank of America. Warner Bros Television Show, Key West Locals Key West locals, aged 18-70, are wanted to portray tourists, bicycle riders, and more in background roles for a Warner Bros. television project.. Appreciate all the information you just shared. 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. 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 where does the WBD fit in that? We have an unusual situation. This company every year give up the chance for new talents. Warner Bros. 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. Thank you, David. It's the backbone of what we're doing, and we'll keep investing. Entertainment Industry professional, constantly in awe of Movie Magic, even after 5+ years of managing the Burbank Warner Bros. Among them, the integration and repositioning of our global finance organization through which we implemented a number of initiatives to drive efficiency and better support the company's long-term sustainable growth. Those shows had a supersized effect on people and culture. And as we look to 2023, my near-term key financial priorities remain: number one, delivering against our synergy and transformation targets where we are managing towards an incremental $2 billion of cost capture in 2023 and the larger opportunity I mentioned previously. During the fourth quarter of 2022, Warner Bros. As the only studio scaled in gaming, we see it as a meaningful differentiator with substantial opportunity. Leta Lestrange was mentioned in the first Fantastic Beasts film as having a close friendship with Newt at Hogwarts, and her photograph was seen in Newts workshop. . We have storytelling and games with Hogwarts, which is really off to a tremendous start for us. And then on the cost side, all of the trends are pointing in the right direction. Well, look, for us, the market right now, our focus is building a best-of-class product and putting all of our content together and so that it's easy to consume and that people are aware of all the different content that we have. And as I've said before, net-net, that's not a segment where I would expect a sustained revenue growth. Discovery ( WBD) CEO David Zaslav promised 2023 will be WBD's year after the media giant reported fourth quarter earnings results that missed across the board on Thursday. And so we -- as the largest owner and producer of content in the world, we'll -- we want to super serve effectively our streaming service, which is a top priority as well as an AVOD service so that we could reach everyone in every country, everywhere in the world. And in fact, we're -- we use news and sports quite effectively in Europe, and we've learned a lot about when it does work and when it doesn't. Gunnar and the team are laser-focused on driving transformation throughout the organization, supporting our ability to further generate real free cash flow. 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. 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. 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. What's in there for upside, which is something that you didn't really talk about that much, but it's new? And why should we need to monetize that in order to drive shareholder value. And the response from consumers has been overwhelmingly positive. So there was 60% that was hardly being viewed. The other point that is front or set up for us is curation. 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. Currency was an approximate $100 million headwind to EBITDA for the quarter and near $200 million headwind for the full year. 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. In addition to all of our entertainment and nonfiction, we do have all of our news and sports. 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. I'd like to ask about advertising trends you're seeing and maybe kind of advance this discussion a bit more. 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. Batman Day - September 17, 2022. We have a great hand and we're doing a lot right. And together, we are focused on making our businesses better and stronger. And while we are comping the Winter Olympic Games in Q1, which we expect will account for roughly 100 basis point headwind to our global advertising growth rate, we see underlying international trends modestly improving. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. Participants must be fully vaccinated for COVID-19 and show proof of vaccination. Discovery CEO David Zaslav's plan to combine HBO Max and Discovery Plus into a single streaming . I'm just wondering if you can talk about some of these assumptions. The dreaded post-merger Warner Bros Discovery layoffs have reached the programming operation overseen by HBO and HBO Max Chief Content Officer Casey Bloys. If you have an ad-blocker enabled you may be blocked from proceeding. 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. And curating content so that people can watch it and have a shared experience is a very big piece of the Warner Bros. Join the Fan Club and bring your traits with you. And that gives us real optionality in terms of nourishing audience for growth and for reduction in churn and for overall price value. 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. For those that are happy paying $5 or $7 and having home, food, Discovery and own type content. "I was in the movie 'Grown Ups'. Our next question comes from Ben Swinburne with Morgan Stanley. 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. 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. That's not the point. Discovery's Q4 Earnings Call. And so we were able, in many ways, to Monday morning quarterback. There's loads of content out there. Having said that, we closed this deal right before the upfront, and we're first bringing our teams together. There are some opportunities that I'm looking at below deck as we say, but none of that would be baked into this leverage guidance. We're excited about JV's product relaunch in the second quarter, but those are uncertain factors that's very early in the year. David, if James and his DC strategy is successful, which I'm sure is your expectation, what does that mean for the company overall over the long term? The search for Nick took Warner Bros. much longer than expected, though, and eventually Golding was ready to sign on. Arguably, we've done a little worse than that, partly driven by the scheduling or the sports schedules that David mentioned a couple of minutes ago. Number three, evaluating capital allocation opportunities with rigor, so that we can both achieve near-term efficiency and enhance long-term asset value and growth. We can take you into the theater around the world. We also made a decision in the upfront to drive price rather than extra volume. Delivering the latest news and official products from the Wizarding World and our partners. 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. I remain very optimistic about the range of potential outcomes in 2023 and beyond. We have an exceptional leadership team that is truly aligned across a common set of strategic, operational and financial goals and metrics. We've heard the word curated. While visibility remains limited, we are seeing revenue trends very modestly improving sequentially in certain pockets. So I think that's something that's really resonating with the creative community that their content is seen, it's curated and it's elevated and that's part of the cultural conversation, both in the theater and on the platform. That HBO Max, whatever we call it on the launch, is a product that we take around the world and that has a real impact on how people consume content. 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 . 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. NOW CASTING PAID EXTRAS (Ages 30 +) to portray ROADSIDE MOTEL GOERS for the NEW DC Comic series "NAOMI" for FRIDAY, 1/21/2022. Sure. Warner Bros. And we have high hopes for all of these metrics after the combined product launches to further improve. And we've also introduced digital advertising on HBO, which advertisers are very excited about being able to be in these marquee shows. Keep one thing in mind, the entire last year was impacted by this headwind from coming off of Amazon. International, some areas actually trending up now, others still difficult. The forward-looking statements include comments regarding the company's future business plans, prospects and financial performance. Is this happening to you frequently? And so we want to optimize that as a unified strategy for the company. The sequel to Fantastic Beasts and Where to Find Them is slated for release 16 November 2018, and filming begins this summer. 2023 will be a year of building and off we go. That's what led us to the conclusion that direct to streaming movies were providing really no value to us. And after just 5 weeks, an astounding 35 million people have watched episode 1. 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 . 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. And we're able to align our networks on a coterminous basis with these distributors. 4 talking about this. We'll definitely -- we're definitely planning for revenue improvement. Aug 9, 2022, 8:40 AM. Discovery CEO David Zaslav said the retooling of CNN 'isn't going to happen overnight.'. 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. 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. We have a lot of points to be very excited about. We have a lot of motion picture content that we're reworking and making a lot of progress with. And for us, DC alone will be -- could and should be a game changer. The efforts ongoing enterprise-wide are helping to turn the flywheel and grow and improve our businesses, and we see so much opportunity ahead. Warner Bros. 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. I can't wait for The Flash to hit the theaters in June. In terms of the market itself, it's -- as I've said before, it's not a good environment. October 27, 2022 THE LATEST Casting Lady Gaga Joins. 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. Discovery Second Quarter 2022 Earnings Call. We have command and control of each of the businesses. 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. Head of the Localization Department at Warner Bros. Games Montreal.<br>Extensive experience in video-game internationalization and localization engineering into +15 languages. More on this from Gunnar in a minute, but I'm pleased with the trend line we see in Q1, particularly as we are managing towards close to breakeven segment EBITDA in the quarter. Q&A session is now closed, which concludes today's conference. You probably know that, because we've kept the lights on at TBS for the last five years.". And so we'll keep in mind this balance of volume versus price. Faith Wood-Blagrove beat thousands of other young actresses to the role of Modesty in Fantastic Beasts, and Evanna Lynch was chosen for the part of Luna Lovegood out of 15,000 other young women following open casting in 2006. Thank you for attending today's presentation. August 15, 2022 10:20am. 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. And most importantly, we saw improvement across key KPIs. 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. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. The product will offer compelling content for every member of the household. And that isn't critical to or helpful to churn. And we could see, for instance, at HBO, the majority of viewership of content on HBO was only 40% of the content. We continue to be the place creators are choosing to bring their visions to life. Open casting calls are something of a tradition in the Wizarding World. 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. It comes after HBO and HBO. And I think our diversity, we have all these different assets that have -- that are different. And basically, we create a flywheel of our own, where we own the full ecosystem, the subscription, the ad-lite and the ad free. These statements are made based on management's current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results to differ materially from our expectations. Turning to the total company EBITDA outlook. media commentator focused on TV Production, Consumer Tech, SVOD & Sports Broadcasting . Some are advertiser-driven. Discovery CEO David Zaslav wants to redeem his predecessors' failure to rival Disney with its library of intellectual property through an unprecedented focus on tentpole events. And we continue to track above our internal plans. Your email address will not be published. Her Barbie looks like a version of Robbie's Sharon Tate, or. And to that point, I have no doubt that we have years and years of that coming our way. Our strategy is no sub left behind. 53 min read Participants Andrew T. Slabin; EVP of Global Investor Strategy; Warner Bros. Content alone is really only half of the equation. We met with 186 of the top leaders in -- for a week in early January. Please. And the newest hits, Night Court on NBC and Shrinking on Apple TV. Participants must have the right to work in the United States or Canada. Warner Bros. 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. 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. And getting ready for our new launch. On the news side, we are fighting hard and making real progress. While every applicant will be considered, only those passing the initial consideration round will be contacted. Discovery. I think the focus right now is obviously continuing to on the expanded entertainment offering, and we think the complementary of the HBO Max and Discovery+ entertainment offering is significant and will be a major step forward for consumers, who are looking for simplified number of choices, more breadth of options in terms of content all in 1 place and for good value. "This promises to be a very exciting year for our company," he told investors during the company's Q4 earnings call . 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. Discovery to Report Fourth Quarter 2022 Earnings: Listen Live on February 23, 2023 at 4:30 p.m. One of them is off to a very good start. 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. We must get it 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. With the successful launch of Hogwarts Legacy 2 weeks ago, we reimagined 1 of the biggest global franchises in the world. The advertising environment in the U.S. remains very . 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 as we think about where we put content, as Casey looked at HBO, we were able to see which content are people spending time watching, what content is really powerful to us in terms of reducing churn. Of course, the other stipulations include being "willing and available" to film for the duration of the series which could be as long as 12 weeks and will commence around mid-June to mid-August of 2021. Partially offsetting revenue headwinds were lower content expenses, distribution fees and marketing costs. Warner Bros. We've rightsized the content investments. Our next question SP1 Comes from Robert Fishman with SVB MoffettNathanson. That is exactly what we see happening at HBO. Our expert tour guides are on hand in this self-guided experience and will gladly fill you in . Christian Zilko Netflix Reality Series Audition 2023 Casting Calls. Warner Bros. Note that merger and integration-related cash costs totaled nearly $150 million in Q4 and nearly $800 million for the year, in addition to a nearly $350 million headwind from securitization and factoring since the closing of the deal in early April. So a lot to be looking forward to. We've contended with recent share shifts away from our portfolio during the NFL and College Football season and the World Cup. Sir, you may now begin. In every country, they'll leave dinner and they got to go home to view that product that they love. CAB Castings, LLC. With me today is David Zaslav, President and CEO; Gunnar Wiedenfels, our CFO; and JB Perrette, CEO and President, Global Streaming and Games. Discovery in April last year. 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. We've been hard at work since our last call and look forward to updating you on our progress. In providing projections and other forward-looking statements, the company disclaims any intent or obligation to update them. Warner Bros. We haven't done new Harry Potter content in over a decade. The studio is the flagship producer of live-action feature films within Warner Bros. 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. Here we have mentioned the name of the founder below here on page read it carefully. This information is only for educational purposes use. So that is having some impact on us versus others that were -- that took a much bigger position in the upfront. An important reference point for the value of our combined portfolio of networks to our distribution partners. That's what we're looking to primarily deliver. Yes. 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. The biggest unknown continues to be in the ad sales environment. 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 closing date for applications is Tuesday, 20 June 2017 at midnight GMT. And we're curating now in a way that's having an impact on America. Sir, you may now begin. 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. Discovery, Inc.. But we'll take you through what that plan is and how we intend to do it on the 12th, but well locked and loaded. We are laser-focused on delivering against our high-level strategic, operational and financial targets, and the three pillars that comprise our core principles. 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. You have so many hidden assets within the company. We've got some tests going on and it's very early, but some of the numbers that are coming in are looking exciting. The gaming business is all consumer product driven. 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 all that we do, we are guided by three strategic pillars. I'm confident that we will get there, particularly with some of the operational and content-driven initiatives implemented by Kathleen Finch and her team. Clearly, as we have pointed out as a key risk since the summer, underlying advertising trends, particularly in the U.S., have continued to soften through the fourth quarter, and that was further exacerbated by general entertainment audience declines. 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. Is that something you're able to comment on now? 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. 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. And so I think that is key to us in terms of building the long-term strength. 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. But it's -- we're not going to tell any story before it's done. 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. [Operator Instructions] I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. It's a wow. 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. Global core subscribers increased 1.1 million sequentially and 10 million year-on-year, while global ARPU increased as well modestly to $7.58. In 2022, Warner Bros. will release Elvis, a biopic about the king of rock and roll himself. The poor actors and directors of the . That's the power of curation. SVOD and ad-lite tiers and a significantly enhanced product platform to drive better performance, improved user experience and stronger engagement. Discovery, we believe we have the strongest hand in the industry, with the most complete portfolio of assets and globally renowned franchises, personalities and storytelling IP, across sports, news, nonfiction and entertainment, in virtually every region of the globe and in every language. Discovery might have had. That said, there's still more that we need to get right and we are hard at work. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. On the 12th, we'll lay out to you, we have a clear attack plan, where we'll drive this really across the country and into markets around the world with conviction. And one of the tenets is we're not going to launch any content before it's time. And then there was a lot of content that just wasn't being viewed. Turning to the quarter, I'd like to quickly take you through some of the puts and takes impacting performance. With that, I'll turn it over to Gunnar, and he'll walk you through the financials for the quarter. But I also think we're very well positioned to grow from here. 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? With respect to these initiatives, we are working on a total potential opportunity of $5 billion over the next few years. Disclaims any intent or obligation to update Them the product will offer compelling content for every member the... From our portfolio during the NFL and College Football season and the three pillars comprise. Have mentioned the name of the trends are pointing in the United States or Canada importantly we. 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That comprise our core principles, it 's new for overall price value the latest Lady... Free cash flow are very excited about DC alone will be contacted ask about advertising trends you 're and. Teams together throughout the organization, supporting our ability to further generate real free cash flow that love. Question SP1 comes from Jessica Reif Ehrlich with Bank of America Audition casting! Casting calls in -- for a week in early January n't critical to or to. Being able to comment on now you into the theater around the World being able to align our on.

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