Content alone is really only half of the equation. She's also restructured the team with development-focused doers, who are running this portfolio as one integrated portfolio. You do not need to submit this form if you've already submitted to any casting. The Last Of Us, for example, grew its Sunday premier night viewership by about 1 million with each episode over the first 4 weeks. China calls for Russia-Ukraine cease-fire, . I believe Warner Bros. TV is the greatest quality maker of content in the world. We have profitable subscribers that are very happy with the product offering of Discovery+, why would we shut that off. Thanks, Ben. J.B., anything to add to that? Discovery, Inc. (NASDAQ:WBD) Q4 2022 Earnings Conference Call February 23, 2023 4:30 PM ET, Andrew Slabin - Executive Vice President, Global Investor Strategy, David Zaslav - President and Chief Executive Officer, Gunnar Wiedenfels - Chief Financial Officer, Jean-Briac Perrette - Chief Executive Officer and President, Global Streaming and Interactive. 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. And now you see a very soft scatter market. And I think I just only add go ahead. And as I've said before, net-net, that's not a segment where I would expect a sustained revenue growth. And we've lapped that now, and we're seeing some growth now. Here through this post, we are also providing complete necessary details about the Warner Bros Pictures Casting Directors Dates Roles. 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. BURBANK, Calif. Due to the unprecedented global pandemic caused by the novel Coronavirus, Warner Bros. Television's Casting department launched a unique virtual "Actors in Training" initiative this summer designed to connect the Studio with emerging actors who may have had their final year of dramatic training curtailed or negatively impacted The 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. 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? 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've rightsized the content investments. And we're curating now in a way that's having an impact on America. And so we'll keep in mind this balance of volume versus price. John Oliver in season nine of "Last Week Tonight With John Oliver." Paula Lobo/HBO. We got to take those swings. The poor actors and directors of the . The Hogwarts game, we took several additional months to rework it, to get it right. Revenue decreased 6% as global advertising revenues declined 14% and distribution revenues decreased 2%. While every applicant will be considered, only those passing the initial consideration round will be contacted. Last year was a year of restructuring. Discovery Cuts Scripted Programming at TBS, TNT. It's not about getting it out quick. Having said that, we closed this deal right before the upfront, and we're first bringing our teams together. 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? Discovery, ensuring it will remain as the exclusive Australian home of HBO, Max Originals, Warner Bros. and Discovery programming. Discovery in which we took some pivotal initial steps. Warner Bros. And we're able to align our networks on a coterminous basis with these distributors. The sequel to Fantastic Beasts and Where to Find Them is slated for release 16 November 2018, and filming begins this summer. 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. It's working. [Operator Instructions] I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. 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. I'll just take a swing at it, Gunnar, you can follow. 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. FAST is one area that as we look at the evolution of consumer behavior, we look at obviously a lot of the free-to-air viewing moving to what we call free-to-view online. Lord of the Rings is one of the most iconic storytelling franchises of all time and we're so excited. Newt Scamanders relationships and past remain enigmatic, so any glimpse into his formative years will be huge for the character. And one of the tenets is we're not going to launch any content before it's time. On the advertising side, it's kind of a complex answer. Turning to Networks. 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. 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. And then there was a lot of content that just wasn't being viewed. On direct-to-consumer, we are making meaningful progress on our goal to achieve real profitability in streaming, a key and powerful segment of our company. We have command and control of each of the businesses. Passionate about supporting Creatives to develop, produce . 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. 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. 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. We're excited about JV's product relaunch in the second quarter, but those are uncertain factors that's very early in the year. I mean, pot levels in the industry, I think, were down 14% in the quarter. Channing is the best example of that. 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. Yes. A replay of the call will be available approximately two hours after the completion of the call until August 11, 2022. Such a move has been expected for quite some time, given Warner Bros. I'll talk more about that in a minute. David, maybe just to sort of wrap up that on the content side. Warner Bros. The fourth quarter marked the end of a first and very defining chapter for 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. I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. We were able to put that to work behind some of cases launches, behind some of our film launches. NOW CASTING PAID EXTRAS (Ages 30 +) to portray ROADSIDE MOTEL GOERS for the NEW DC Comic series "NAOMI" for FRIDAY, 1/21/2022. However, we remain very enthused about the trend line here, and I have greater and greater confidence in our ability to achieve our long-term segment targets of breakeven in the U.S. in 2024 and $1 billion of profitability in 2025 globally. Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. Is there any of your content that's definitely off the table to be included in that service? We see price as a very important second part. Please. Keep one thing in mind, the entire last year was impacted by this headwind from coming off of Amazon. And back then, you had to watch the show on Thursday night. Disclaimer: Audition free of cost for more information visit the respective official site. We're also thrilled by what we're seeing coming out of our games business, which represents a core part of our overall strategy. 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. 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. We got some of the best creatives in the industry right now focused on those swings. It gives a huge advantage with those tent poles. Yes. Delivering the latest news and official products from the Wizarding World and our partners. Warner Bros Casting Calls are the most useful tools for those who are feeling capable that they can make an immediate impact on their acting careers, but aren't well-enough known to get invited to usual castings. And we've also introduced digital advertising on HBO, which advertisers are very excited about being able to be in these marquee shows. We've heard the word curated. So that storytelling IP. A few weeks ago, James and Peter rolled out Phase I of their highly anticipated multiyear plan for DC Studios across film, television and animation with 5 films and 5 television series already in the works, the new era for DC under a single creative vision is in full swing, and we are especially eager to thrill fans with new Superman and Batman movies in 2025. 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. So I think we're very well positioned. And we were able in the upfront to drive price significantly more than all of our peers. In every country, they'll leave dinner and they got to go home to view that product that they love. And we take advantage of all the content that we have. Starting with the Studio segment. That's not the point. It's working. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. We believe in it because we believe we have the best menu of content, the best portfolio, the best quality. That is exactly what we see happening at HBO. And later down the road, we're also obviously going to start looking at new market launches, again. This company every year give up the chance for new talents. Kathleen is doing a lot of work, getting the enormous value of our library on screen. James was writing Superman. 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. But curation, creating content at a time when people can watch it, creating a community conversation. 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. 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. 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. Studio. 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. Brought to you by Wizarding World Digital, a partnership between Warner Bros. and Pottermore. Nov 3, 2022 2:02pm PT Warner Bros. And we're doing it in a very tasteful way by putting it on the very front end. Warner Bros. And so we were able, in many ways, to Monday morning quarterback. And that is the culture here at Warner Bros. Warner Bros. 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. We took bold decisive action over the last 10 months and the bulk of our restructuring is behind us. Social media explodes and people are calling their family and friends to talk about what they saw. We've been hard at work since our last call and look forward to updating you on our progress. 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. 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. Yes. 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. is looking for PAID EXTRAS for a new series on THE CW based on DC Comics series "NAOMI" that will be filming here in Atlanta, GA. Discovery Access Talent Spotlight, candidates must meet the below requirements: Participants must be 18 years or older as of March 1, 2022. There have been some media reports a few weeks ago that you were going to actually keep Discovery as a standalone product. We met with 186 of the top leaders in -- for a week in early January. 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Ми передаємо опіку за вашим здоров’ям кваліфікованим вузькоспеціалізованим лікарям, які мають великий стаж (до 20 років). Серед персоналу є доктора медичних наук, що доводить високий статус клініки. Використовуються традиційні методи діагностики та лікування, а також спеціальні методики, розроблені кожним лікарем. Індивідуальні програми діагностики та лікування.
При високому рівні якості наші послуги залишаються доступними відносно їхньої вартості. Ціни, порівняно з іншими клініками такого ж рівня, є помітно нижчими. Повторні візити коштуватимуть менше. Таким чином, ви без проблем можете дозволити собі повний курс лікування або діагностики, планової або екстреної.
Клініка зручно розташована відносно транспортної розв’язки у центрі міста. Кабінети облаштовані згідно зі світовими стандартами та вимогами. Нове обладнання, в тому числі апарати УЗІ, відрізняється високою надійністю та точністю. Гарантується уважне відношення та беззаперечна лікарська таємниця.