We have a fantastic leadership team moving us forward, everyone rowing in the same direction. Warner Bros. I am proud of what we achieved in 2022 against the targets we set out in the summer and against an increasingly challenging environment in the second half of the year, and I'm proud of the momentum we have built exiting the year. Warner Bros. 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. And one of the tenets is we're not going to launch any content before it's time. This company every year give up the chance for new talents. And once we establish this funnel, then we can take things like the first season of succession or the second season. We have a lot of points to be very excited about. Moreover, we're analyzing our pricing strategy in a number of key international markets, particularly in LatAm, where we believe our service has significant pricing upside. We're also thrilled by what we're seeing coming out of our games business, which represents a core part of our overall strategy. Well, one of the big advantages that we have, Brett, is that we have this diversity of content. Our next question comes from Brett Feldman with Goldman Sachs. 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. 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. 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. The forward-looking statements include comments regarding the company's future business plans, prospects and financial performance. It's working. And later down the road, we're also obviously going to start looking at new market launches, again. That's the power of curation. Kathleen is doing a lot of work, getting the enormous value of our library on screen. 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. It's working. And so we were able, in many ways, to Monday morning quarterback. And so we want to optimize that as a unified strategy for the company. In answering that question, you reiterated something you'd said before, which was an intent to fold the Discovery content into the new product. Our next question comes from Michael Morris with Guggenheim Partners. 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 We'll do a full presentation on April 12, which will lay out this significantly improved product, the launch, what will be on it. There's loads of content out there. The closing date for applications is Tuesday, 20 June 2017 at midnight GMT. And the response from consumers has been overwhelmingly positive. And we've lapped that now, and we're seeing some growth now. That said, there's still more that we need to get right and we are hard at work. We work, grow and create world class content in one of the biggest, busiest studio lots in the industry, as well as at countless studios, sets and offices around the globe. 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. 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. 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. 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. We're spending time with him and Peter and he had a vision for DC that we are all in on and believe in. This company every year give up the chance for new talents. So, if you know any young acting hopefuls who know their Elder Wand-lore, or have a penchant for Sherbert Lemons, now is the time to let them know. We've got some tests going on and it's very early, but some of the numbers that are coming in are looking exciting. I'll just take a swing at it, Gunnar, you can follow. Discovery Cuts Scripted Programming at TBS, TNT. We're assuming that. On the news side, we are fighting hard and making real progress. 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. But in order to do that, we took less volume than we could have. 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. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City.It was formed after the spin-off of WarnerMedia by AT&T, and its merger with Discovery, Inc. on April 8, 2022.. Looking for Pottermore? Discovery advantage. We said starting last August, we believe in profitable scale. We see better engagement, better churn, which makes marketing efficiencies come up. We see churn as a third important variable that historically has been relatively higher on the HBO Max product that with the two products coming together, that ultimately coming down is important. John Oliver in season nine of "Last Week Tonight With John Oliver." Paula Lobo/HBO. The sentiment is not terrific. The Voice, the #1 most watched unscripted show on network TV. 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. In all that we do, we are guided by three strategic pillars. 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. Don't forget the 12+ hour blocks of five year old movies every weekend. Warner Bros. Television Group has more than 110 shows currently in production across our own platforms as well as third-party broadcast, cable and streaming outlets, including Emmy Winners, Ted Lasso and Abbott Elementary. And the newest hits, Night Court on NBC and Shrinking on Apple TV. Turning to consolidated results and free cash flow. 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 Networks. TM & WBEI. And that isn't critical to or helpful to churn. The product will offer compelling content for every member of the household. 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. If all else fails, take your mother's advice - if it seems too good to be true, it probably is. 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. With the successful launch of Hogwarts Legacy 2 weeks ago, we reimagined 1 of the biggest global franchises in the world. And together, we are focused on making our businesses better and stronger. Look, I mean on the content spend, Remember, all our strategy changes leading to the content restructuring and write-offs over the course of last year, obviously, that's going to flow through cash as well as we adjust. We must get it right. I mean, pot levels in the industry, I think, were down 14% in the quarter. Social media explodes and people are calling their family and friends to talk about what they saw. And then on the cost side, all of the trends are pointing in the right direction. Really trying to understand how much of the ad impact that you're seeing is kind of coming from the macro environment? Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. The gaming business is all consumer product driven. But the other key is that we have the largest TV and motion picture library and we're the biggest producer of quality content in the world. 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. 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. Marvel's Guardians will star alongside Chris Hemsworth (Thor), Natalie Portman (Jane Foster/Mighty Thor), Tessa Thompson (Valkyrie), and Christian Bale (Gorr the God Butcher), among other new and. It's the backbone of what we're doing, and we'll keep investing. So a lot to be looking forward to. David Zaslav Praises CNN Adding More GOP Voices; "Balance Strategy" Is "Important," Warner Bros Discovery Boss Says + Discussion: The Wrap, . They are also looking for actors between 16 and 18 to portray both Gellert Grindelwald and Albus Dumbledore as teenagers. Two questions. 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 . 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. China calls for Russia-Ukraine cease-fire, . And while this is indeed encouraging, we're hesitant to forecast any meaningful near-term revenue improvement. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. For us, 2023 is a year of building. 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. Netflix Reality Series Audition 2023 Casting Calls. 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. And we were able in the upfront to drive price significantly more than all of our peers. Warner Bros. The other point that is front or set up for us is curation. Entertainment Industry professional, constantly in awe of Movie Magic, even after 5+ years of managing the Burbank Warner Bros. 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. We're excited about the upcoming launch of the [ENHANZE] product and look forward to sharing more details at a press event on April 12. 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. Storytelling content is most powerful when you're watching it and then you're with others, either in a theater, or you're able to talk about it either online or with your friends, that's the power of content, not when you're viewing content alone. The Foxtel Group has today officially confirmed details of a major new content and platform agreement with Warner Bros. And so we're going to be -- Casey is the best example of that. Sorry, Robert. 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. Head of the Localization Department at Warner Bros. Games Montreal.<br>Extensive experience in video-game internationalization and localization engineering into +15 languages. But we -- I believe that we have an overwhelming advantage in the marketplace with the IP that we own, but to take -- to get that advantage, we have to create great content with that IP. 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. Does that include any potential asset sales like nonstrategic asset sales? And Ben, on the D2C question, let me start with the revenue side of it. 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. 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. 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. 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 basically, we create a flywheel of our own, where we own the full ecosystem, the subscription, the ad-lite and the ad free. 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. MACON Advertisements RUSH CALL BACKGROUND Casting Notice *Warner Bros FEATURE FILM: "The Color Purple-The Musical' LOCATION: Macon, GA What's in there for upside, which is something that you didn't really talk about that much, but it's new? 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. Naturally, and as I have said before, not all of these initiatives will come to fruition or get realized to the full extent, but this represents a significant pipeline for us as components of both near-term cost out and longer-term continuous improvement. But as David said, we've got sports and news that today are really untapped in the streaming world, and those are optionality for what we might be willing to do in the future, and we'll share more of that on the 12th with you with more detail. I'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. 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. And we've also introduced digital advertising on HBO, which advertisers are very excited about being able to be in these marquee shows. It comes after HBO and HBO. If there is interest in pursuing an application further, the applicant will hear back within 14 days of their original submission. 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 are not conducting any type of audition. CNN stands as a premier global news organization, and we wanted to be the place for fact-based reporting and thoughtful discourse that is broader than politics and sport. It's a wow. Participants must be fully vaccinated for COVID-19 and show proof of vaccination. Discovery and sort of the earnings power of the organization? HBO has never been stronger and is firing on all cylinders behind the recent successes of HBO Originals, Euphoria, House of the Dragon, White Lotus, and our newest mega hit, The Last Of Us. We have command and control of each of the businesses. 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. ET Follow HBO Max Go to Site Follow HBO Go to Site Follow Warner Bros. Go to Site Follow HGTV Go to Site Follow Discovery Go to Site Follow discovery+ Go to Site Follow CNN Go to Site Follow TBS Go to Site Follow Food Network Hello, everyone, and thank you for joining us. Distribution revenues on the whole were impacted primarily by subscriber declines in the U.S. and lower affiliate rates in certain European countries, while larger contractual rate increases in the U.S. and premium sports packages in Latin America helped to offset part of this impact. We can put that down on our AVOD service. Is this happening to you frequently? We also made a decision in the upfront to drive price rather than extra volume. You do not need to submit this form if you've already submitted to any casting. Keep one thing in mind, the entire last year was impacted by this headwind from coming off of Amazon. I'll talk more about that in a minute. Importantly, we successfully completed affiliate renegotiations, which accounted for more than 30% of U.S. distribution revenues and which brought our portfolio together coterminously. Discovery CEO David Zaslav attends NRDC's "Night Of Comedy" Honoring Anna Scott Carter at Casa Cipriani on September 20, 2022 in New York City. To portray both Gellert Grindelwald and Albus Dumbledore as teenagers are very excited about being able to in. Hard and making real progress you can follow t forget the 12+ hour blocks of five year old movies weekend. The news side, we took less volume than we could have the backbone of what we 're also going... 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