Discovery has reported financial results for the quarter and year ended December 31st 2021. David Zaslav, President and Chief Executive Officer of Discovery, said: “2021 was by all measures an exceptional year for our company, in which we achieved significant operational, financial, and strategic objectives. We grew our global DTC paying subscribers to 22 million, […]
US multiplay telco AT&T has confirmed that its board of directors has determined to spin off AT&T’s interest in WarnerMedia in connection with the previously-announced transaction with Discovery. The transaction, which will spin off 100 per cent of AT&T’s interest in WarnerMedia to AT&T’s existing shareholders in a pro rata distribution, followed by the merger […]
The European Commission (EC) has granted unconditional antitrust clearance of Discovery’s proposed acquisition of AT&T’s WarnerMedia business. “Approval from the European Commission is a key milestone toward completing our proposed transaction with AT&T,” said David Zaslav, President and Chief Executive Officer of Discovery, and the future CEO of the combined company. “Today we move one […]
Discovery, the multichannel broadcaster, has reported financial results for the quarter ended September 30th. David Zaslav, President and CEO of Discovery, commented: “We made great strides in the quarter operationally, financially and creatively. The team drove solid momentum in our direct-to-consumer business, which we grew to 20 million paid subscribers at quarter end on the […]
Multichannel broadcaster Discovery has reported financial results for the quarter ended June 30th 2021. David Zaslav, President and Chief Executive Officer of Discovery, commented: “Discovery delivered very strong results this quarter as we executed well amidst a recovering global advertising market. Advertising revenue increased in every region of the globe and accelerated throughout the quarter, […]
Multichannel programmer Discovery has revealed the new name of the proposed standalone global entertainment company that will emerge from the combination of WarnerMedia and Discovery assets as ‘Warner Bros. Discovery’. It suggests the Warner Bros. Discovery name will honour, celebrate and elevate the world’s most-storied creative studio in the world with the high quality, global […]
AT&T and Discovery have confirmed an agreement to combine WarnerMedia’s entertainment, sports and news assets with Discovery’s nonfiction and international entertainment and sports businesses to create a standalone global streaming entertainment company. Under the deal AT&T will receive $43 billion [€35.45bn] (subject to adjustment) in a combination of cash, debt securities, and will own 71 […]
This blog replaces one about BT trying to sell its expensively fashioned TV assets. AT&T is also bailing from TV, and its entanglement with entertainment makes BT’s foray look cheap and well-managed. While AT&T keeps a big stake, the maths isn’t appetising from their stockholder’s point of view. The new company has a proforma enterprise […]
Discovery has reported financial results for the quarter ended March 31st 2021. David Zaslav, President and Chief Executive Officer of Discovery, commented: “The global rollout of discovery+ is off to a fantastic start by any measure. Key metrics, including subscriber additions, customer engagement, and retention, are exceeding our expectations and demonstrating sustained momentum into the […]
Discovery, the multichannel programmer, has reported financial results for the quarter and year ended December 31st 2020. Total revenues for 2020 were $10.6 billion (€8.7bn), down 4 per cent. US advertising revenues decreased 5 per cent and distribution revenues increased 4 per cent (or increased 3 per cent excluding certain non-recurring items recognised in the […]