Brought to you by Wizarding World Digital, a partnership between Warner Bros. and Pottermore. We have full command and control of our business, and we are one company now. And we have high hopes for all of these metrics after the combined product launches to further improve. And the response from consumers has been overwhelmingly positive. 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. So again, as I said, a similar picture with more diversity. An important reference point for the value of our combined portfolio of networks to our distribution partners. This phenomenon can go for eight, 10-plus weeks for each series. It's about telling the best story. 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 believe in it because we believe we have the best menu of content, the best portfolio, the best quality. Thank you for attending today's presentation. Warner Bros. In Harry Potter and the Deathly Hallows, readers learned that Albus and Gellert were once friends, before becoming arch-rivals. 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 so effectively, whether you want to look at content for free, you want to look at with edge, you want to look at you want a premium that we -- you would have all that opportunity with us, and it makes sense because we have the largest TV and motion picture library in the world. We've heard the word curated. 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. And now you see a very soft scatter market. Warner Bros Pictures Casting 2023 Open Call Dates Roles Check here. The Warner Bros. Television Workshop is the premier program for new writers and. W arner Bros. Pictures and the filmmakers behind the Fantastic Beasts sequel are holding open calls for five young actors to join the cast of the film. HBO and HBO Max Hit with 70 Layoffs at Warner Bros. 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. A replay of the call will be available approximately two hours after the completion of the call until August 11, 2022. Warner Bros. TV Group chairman Channing Dungey, in a memo to employees, explains cuts that will lead to the loss of 125 positions (including 43 vacant slots) - 26% of the division's total workforce. And we 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. The 99-year-old movie studio, home to Harry Potter, Batman and Bugs Bunny, will now head in a. 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. Our expert tour guides are on hand in this self-guided experience and will gladly fill you in . That is exactly what we see happening at HBO. Table of Contents And we don't yet have, we think, a strong enough position in that market. We've been hard at work since our last call and look forward to updating you on our progress. 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'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. That's the power of curation. That said, there's still more that we need to get right and we are hard at work. 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 also made a decision in the upfront to drive price rather than extra volume. Her Barbie looks like a version of Robbie's Sharon Tate, or. Sir, you may now begin. It's working. He presented that to you and the press about a month ago. Such a move has been expected for quite some time, given Warner Bros. 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. Anyone under 18 must ask a parent or guardian to send the application. These shows have averaged as many as 20 million viewers in episode with strong week-over-week growth. And consistent with our overall commitment to great storytelling, we delayed the launch to get it right. The studio is the flagship producer of live-action feature films within Warner Bros. 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. In providing projections and other forward-looking statements, the company disclaims any intent or obligation to update them. Just simply that for those that have Discovery right now, the churn is very low and it's profitable, Discovery+. We continue to be the place creators are choosing to bring their visions to life. And so we were able, in many ways, to Monday morning quarterback. Warner Bros. But I also think we're very well positioned to grow from here. No. And one of the tenets is we're not going to launch any content before it's time. We believe strongly in the importance of the motion picture window and having that shared experience with other people. Participants must have the right to work in the United States or Canada. It's a wow. And we've got a time-tested approach to cross promotion, and we're adjusting that right now to the larger portfolio and the larger number of assets that we're promoting. Looking ahead within the Studio, 2023 will be a pivotal year, particularly behind our larger and broader release slates at both Warner Bros. Pictures and DC, not to mention a wonderful start with Hogwarts Legacy on the game side. I believe Warner Bros. TV is the greatest quality maker of content in the world. We've already seen more than $850 million in retail sales, and we still have more platforms launching over the next few months. And my second question is about this pending relaunch MAX product. And then for Gunnar or JB, can you maybe just expand upon your fast strategy and why you chose to do the deal with Roku and Tubi and maybe how that might impact the launch or timing of your own fast service? To participate in the Warner Bros. The Roku and the Tubi deal was really just a toe in the water, if you will, 14 channels, a beginning for us, but there'll be more to come as we go through the year, and we do want to have a bigger presence in that space because we do see consumer behavior continuing to shift and having a very robust amount of consumers around the world, who will want to consume ad-supported content. Stay tuned for more to come on this front. Participants must be fully vaccinated for COVID-19 and show proof of vaccination. Discovery CEO David Zaslav has doubled down on the groundwork being laid out for James Gunn and Peter Safran's DCU plans. The film is set decades before Harry Potters adventures at Hogwarts, and marks an increasingly dark time for the wizarding world. Based on the traction we are seeing across the broad spectrum of operational and financial KPIs, we expect segment EBITDA to be more or less breakeven in Q1, which implies another $500 million improvement year-over-year, roughly in line with the improvement seen in Q4. Keep one thing in mind, the entire last year was impacted by this headwind from coming off of Amazon. This is in part a function of a successfully executed synergy program and ongoing continuous improvement efforts. 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 . The poor actors and directors of the . This company every year give up the chance for new talents. 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. In addition to all of our entertainment and nonfiction, we do have all of our news and sports. 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. Open casting calls are something of a tradition in the Wizarding World. Is that something you're able to comment on now? And to that point, I have no doubt that we have years and years of that coming our way. So those candidates who are interested must have checked the companys full details. And we're curating now in a way that's having an impact on America. 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. So that is having some impact on us versus others that were -- that took a much bigger position in the upfront. The market is -- the macro environment is very challenging. 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. With respect to these initiatives, we are working on a total potential opportunity of $5 billion over the next few years. - David Spade, 'Nothing Personal' 2022. Gunnar? If you have an ad-blocker enabled you may be blocked from proceeding. Through the end of 2022, we've already realized over $1 billion of synergy, inclusive of a couple of hundred million dollars of course-corrective measures that we undertook early after launching Warner Bros. 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. We generated $2.5 billion of free cash flow in Q4, bringing the reported full year free cash flow to $3.3 billion. 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. We're committed to creating shows that people really want to watch, and they also want to experience them with other people. And why should we need to monetize that in order to drive shareholder value. We have a lot of points to be very excited about. Our next question comes from Ben Swinburne with Morgan Stanley. from casting calls to the lure of the red-carpet award season. I have one for David and then one for J.B. or Gunnar. All U.S. extremist mass killings in 2022 linked to far right, . 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. TM & WBEI. Yes, that's one important ingredient. Or is that something that might fuel that service? I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. We want to tell the best stories, share them with the broadest audience possible, and we do that by working together as 1 team, 1 company. That's the power of streaming. 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. Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. 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. Thank Sure. Thank you, David. People want to be part of something. 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. Though we are assuming that things will get better in the second half. All the meetings that I've had in the last two weeks are about great content that we're producing, meeting with creatives that want to come here, how we -- what more shows are we going to be selling, what more shows are we going to be keeping on our platform? 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. If all else fails, take your mother's advice - if it seems too good to be true, it probably is. We haven't done new Harry Potter content in over a decade. J.B., anything to add to that? And that is what all great talent wants. Batman Day - September 17, 2022. And on the 2023. And we are still in the early stages of bringing this comprehensive portfolio together and harnessing all that it can deliver. And I have no doubt that when the market turns, we're going to be in a very, very good position to capture that upswing as well, especially, as David mentioned, with more inventory on the digital side becoming available here, which last year was sort of a limiting factor for us. We were able to put that to work behind some of cases launches, behind some of our film launches. 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 then obviously, with the new product, we just look at some of the features that we're going to be rolling out and some of the improved and enhancements from a performance standpoint in the product at a much higher engagement, which will help both our ad-lite monetization, including, as David mentioned earlier, the fact that we're now putting ads and all the content on HBO Max as opposed to just some of the content on HBO Max, all those will be part of the revenue drivers in addition to obviously having the rights like we talked about before, for all of our sports in the U.S. and news content eventually that could also help us drive further scale and pricing in the years ahead. I'm just wondering if you can talk about some of these assumptions. 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 the largest maker and seller of content in the world, and while we've got lots more to do, we are increasingly seeing positive traction and strong proof points. We haven't done a Superman movie in 10 years. We are not conducting any type of audition. 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 so we are a storytelling company. And curating content so that people can watch it and have a shared experience is a very big piece of the Warner Bros. No, the only thing I would add is from the perspective of cyclical versus secular, there's no doubt. And the best thing that we have going for us right now is all of that hard work that we did, and it was probably two years of work that we did in 10 months, it's now almost -- it's overwhelmingly behind us. We're putting these targets here out for 2023 with the same mindset that we want to hit or outperform that guidance. Discovery to Report Fourth Quarter 2022 Earnings: Listen Live on February 23, 2023 at 4:30 p.m. Does that include any potential asset sales like nonstrategic asset sales? We have a great hand and we're doing a lot right. And we're able to align our networks on a coterminous basis with these distributors. Discovery. Gunnar and the team are laser-focused on driving transformation throughout the organization, supporting our ability to further generate real free cash flow. They want -- they want to have an opportunity for their content to be seen, to be talked about, and they want to feel respected. 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. Fourth Quarter 2022 Earnings Conference Call. And Brett, just to be clear, the Discovery content would still be available on the bigger relaunched combined product. The biggest unknown continues to be in the ad sales environment. So that storytelling IP. But just as you think about the impact of DC sort of fully realizing the opportunity over the next 5-plus years, what could that mean to Warner Bros. The television studio is the latest arm of Warner Bros Discovery forced to make cuts in order to save at least $3 billion after the merger overseen by David Zaslav. Interested in future casting calls or joining our casting division? What's in there for upside, which is something that you didn't really talk about that much, but it's new? We'll do a full presentation on April 12, which will lay out this significantly improved product, the launch, what will be on it. We are laser-focused on delivering against our high-level strategic, operational and financial targets, and the three pillars that comprise our core principles. 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. International, some areas actually trending up now, others still difficult. It comes after HBO and HBO. This company is found in the years 1923. We took bold decisive action over the last 10 months and the bulk of our restructuring is behind us. Yes. And I believe in that, having been in this business for 30 years, I think in order to really drive asset value, you need to drive price. And then on the affiliate side, renewing 30% of your affiliate deals. Let me start with the second. Casting Australia (@warnerbroscastingau) Is there -- what are you considering? 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 expect 2023 pro forma adjusted EBITDA to be in the low to mid $11 billion range, representing growth of low to mid-20%, against pro forma adjusted EBITDA of $9.2 billion in 2022. You had 6% growth this quarter, a lot of that from advertising and content, but do you need revenue growth to accelerate in order to deliver that $1 billion? Starting with the Studio segment. The Hogwarts game, we took several additional months to rework it, to get it right. The search for Nick took Warner Bros. much longer than expected, though, and eventually Golding was ready to sign on. And so we're going to be -- Casey is the best example of that. 7,362 Followers, 2,443 Following, 99 Posts - See Instagram photos and videos from Warner Bros. 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 That is what we're tracking in our system today, specific initiatives with associated direct financial impact, responsible owner and detailed milestone plans. The sequel to Fantastic Beasts and Where to Find Them is slated for release 16 November 2018, and filming begins this summer. 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. And we've lapped that now, and we're seeing some growth now. Despite the full integration of Warner Bros. And it is shared -- the platform itself for Discovery+ will be a shared platform. Is this happening to you frequently? We can put you on HBO on a Sunday or Monday night, where it's must see streaming TV or we could have to we've launched your movie. Sorry, Robert. Appreciate all the information you just shared. You've been ahead of the curve here, but it seems like everyone these days is reshaping their streaming strategy in pretty profound ways, whether it's their org structure, their content spend, types of content investments, philosophy around content exclusivity and licensing, international, pricing and just so much more. And on the traditional side, we renewed agreements representing 30% of our U.S. affiliate revenues. Overall, 14% of . "We are looking for: single women and men between the ages of 23-35," the official Warner Bros casting call reads. 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. While every applicant will be considered, only those passing the initial consideration round will be contacted. Wizarding World is the new official home of Harry Potter & Fantastic Beasts. We have storytelling and games with Hogwarts, which is really off to a tremendous start for us. We definitely are planning for an inflection on the revenue side. 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. 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. China calls for Russia-Ukraine cease-fire, . It's working. 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. Please disable your ad-blocker and refresh. 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. Disclaimer: Audition free of cost for more information visit the respective official site. Reportedly Cancels 'Wonder Woman 3' Warner Bros. Action & adventure 2008 2 hr 32 min English audio (and 13 more) PG-13 CC Buy or rent Christian Bale and director Christopher Nolan reunite following their blockbuster success with Batman. We see better engagement, better churn, which makes marketing efficiencies come up. 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. Global core subscribers increased 1.1 million sequentially and 10 million year-on-year, while global ARPU increased as well modestly to $7.58. CAB Castings, LLC. Warner Bros. I think you used it during your script. And the good news is we've had a real chance to look at content on each of the platforms over the last two years. MACON Advertisements RUSH CALL BACKGROUND Casting Notice *Warner Bros FEATURE FILM: "The Color Purple-The Musical' LOCATION: Macon, GA We have command and control of each of the businesses. WarnerMedia Equity + Inclusion announces the WarnerMedia Access Talent Spotlight, a new talent training program for aspiring actors looking for professional development and resources. And as I've said before, net-net, that's not a segment where I would expect a sustained revenue growth. And together, we are focused on making our businesses better and stronger. 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. The program was created to provide undiscovered and underrepresented actors, particularly people with disabilities, Indigenous, MENA, and Trans . In all that we do, we are guided by three strategic pillars. 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. In the end, there was public backlash over his casting, but not because of his . Clearly, you still have some macro challenges, but what could go right? Sep 2, 2021 Seeking young performers for Nickelodeon's nationwide (US and Canada) Performers with Disabilities Open Call! 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. 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. Sure. And I think you're going to see a big difference that when we release something, it's going to be a product that we think is the best it could be. With that, I'll turn it over to Gunnar, and he'll walk you through the financials for the quarter. 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 there was 60% that was hardly being viewed. 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. And I think I just only add go ahead. And once we establish this funnel, then we can take things like the first season of succession or the second season. Presentation. The replay can be accessed by phone by dialing +1 877-674-7070 or +1 416-764 . 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. 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. . Those shows had a supersized effect on people and culture. We can put that down on our AVOD service. 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. Discovery CEO David Zaslav's plan to combine HBO Max and Discovery Plus into a single streaming . There have been some media reports a few weeks ago that you were going to actually keep Discovery as a standalone product. Discovery. John Oliver poked at HBO's parent company, Warner Bros. You probably know that, because we've kept the lights on at TBS for the last five years.". Importance of the red-carpet award season and they also want to Hit or outperform that guidance David... You through the financials for the value of our news and sports a. 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