They are also looking for actors between 16 and 18 to portray both Gellert Grindelwald and Albus Dumbledore as teenagers. Partially offsetting revenue headwinds were lower content expenses, distribution fees and marketing costs. The poor actors and directors of the . The studio is the flagship producer of live-action feature films within Warner Bros. This company every year give up the chance for new talents. It gives a huge advantage with those tent poles. Head of the Localization Department at Warner Bros. Games Montreal.<br>Extensive experience in video-game internationalization and localization engineering into +15 languages. Many of those people are going to want to move up to a bigger product, more robust with a bigger offering. 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. At Warner Bros. Our strategy is no sub left behind. 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. 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. On Friday, AT&T handed off Warner Bros. to Discovery Inc. as part of a $43 billion merger. And then if you loved it, you can come up and you could then pay for on ad-lite or in subscription. Currency was an approximate $100 million headwind to EBITDA for the quarter and near $200 million headwind for the full year. 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? And I'm not taking anything off the table here, but I just want to be realistic as well about what we're seeing today. It's just too early to really call a trend change here. We've effectively done that now, but we had to take two different sales teams and pull them together. We'll definitely -- we're definitely planning for revenue improvement. We have storytelling and games with Hogwarts, which is really off to a tremendous start for us. Our final question comes from John Hodulik with UBS. Nov 3, 2022 2:02pm PT Warner Bros. 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. 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. 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. CAB Castings, LLC. I think you used it during your script. 2023 will be a year of building and off we go. And on the potential for the balance sheet, the balance sheet improvement is very encouraging. Naturally, our domestic relaunch of the combined product offering in the spring will result in a sequential step-up in P&L investments in Q2 behind a requisite increase in marketing spend support and premier content launches. 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. And we have high hopes for all of these metrics after the combined product launches to further improve. 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. All U.S. extremist mass killings in 2022 linked to far right, . 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. It's significantly better outside the U.S. right now, which is a surprise. That's the power of curation. Warner Bros. How to Get Cast On How to Get Cast in a DC Comics Movie or TV Show This guide will answer your most pressing questions. 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. 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. Do your homework, find out if the casting call is legit, find out who the casting director is for the show or movie and make sure everything matches up. We can take you into the theater around the world. We said starting last August, we believe in profitable scale. Thank you, David. Discovery to Report Fourth Quarter 2022 Earnings: Listen Live on February 23, 2023 at 4:30 p.m. 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. We got to take those swings. And then, Gunnar, you sound very bullish and confident on the D2C targets, the $1 billion of EBITDA in '25. You may now disconnect. International markets continue to perform relatively better, stronger markets such as Poland and Italy were in part offset by weaknesses in the UK, Nordics and certain Latin American countries. More Earnings Resources from MarketBeat Earnings Tools: Today's Earnings Tomorrow's Earnings Next Week's Earnings Upcoming Earnings Calls Earnings Call Transcripts Earnings Beats & Misses Corporate Guidance Warner Bros. We're assuming that. Discovery experienced a staggering USD 2.1 billion financial setback. 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.. Warner Bros. WIZARDING WORLD Publishing and Theatrical Stage Rights J.K. Rowling. Gunnar? 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. 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. Webcast. We can put that down on our AVOD service. What's in there for upside, which is something that you didn't really talk about that much, but it's new? And my second question is about this pending relaunch MAX product. We met with 186 of the top leaders in -- for a week in early January. This company is found in the years 1923. Please disable your ad-blocker and refresh. Accordingly, we expect free cash flow in the first quarter to be negative. Discovery CEO David Zaslav's plan to combine HBO Max and Discovery Plus into a single streaming . - David Spade, 'Nothing Personal' 2022. And one of the tenets is we're not going to launch any content before it's time. 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. China calls for Russia-Ukraine cease-fire, . 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. And there are times when our share is significantly higher with marquee events, such as March Madness and the MLB and NBA playoffs. In providing projections and other forward-looking statements, the company disclaims any intent or obligation to update them. Clearly, you still have some macro challenges, but what could go right? It's about the sustainability and the longevity the free cash flow being delivered by that segment. With that, I'll turn it over to Gunnar, and he'll walk you through the financials for the quarter. 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. Warner Bros. We can put you right on HBO on Sunday night with the biggest audience in America, tuning right into you. This is one team now. 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. Apply Here: NickOnlineOpenCall.nick.com Parents/guardians please email: NickOnlineOpenCall@nick.com for more info. And we take advantage of all the content that we have. 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. John Oliver poked at HBO's parent company, Warner Bros. 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. We're spending time with him and Peter and he had a vision for DC that we are all in on and believe in. If you look at The Last Of Us, it was growing every week, Euphoria, to be able to deliver 20 million, 30 million, 35 million people in America watching and to have it be a conversation. And at the end of the day, the consumer is at a point in time where they want more choice and better breadth of choice from fewer services, because they just don't have either share of wallet to be able to spending on five, six, seven services anymore. We have a great hand and we're doing a lot right. There hasn't been a stand-alone Superman movie in a decade. We have profitable subscribers that are very happy with the product offering of Discovery+, why would we shut that off. 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. Warner Bros. And the response from consumers has been overwhelmingly positive. Warner Bros. And why should we need to monetize that in order to drive shareholder value. So that storytelling IP. But the key to this company is, as a storytelling company, we have this diversity. 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. 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. Our next question comes from Kutgun Maral with RBC Capital Markets. We have an exceptional leadership team that is truly aligned across a common set of strategic, operational and financial goals and metrics. We believe in it because we believe we have the best menu of content, the best portfolio, the best quality. 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. So I think this is an exciting time because I think we're really -- we made some tough decisions. And together, we are focused on making our businesses better and stronger. View this post on Instagram 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. Some of them we may find we need to adjust, but we feel really good about where we are, and we're accelerating forward. Casting for teenage Dumbledore follows on from the news that Jude Law will play the adult character in the Fantastic Beasts sequel. . The replay can be accessed by phone by dialing +1 877-674-7070 or +1 416-764 . We generated $2.5 billion of free cash flow in Q4, bringing the reported full year free cash flow to $3.3 billion. The gaming business is all consumer product driven. 7,362 Followers, 2,443 Following, 99 Posts - See Instagram photos and videos from Warner Bros. And once we establish this funnel, then we can take things like the first season of succession or the second season. 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. In answering that question, you reiterated something you'd said before, which was an intent to fold the Discovery content into the new product. And we're curating now in a way that's having an impact on America. Discovery, Inc.. A number of your competitors have cut back on the total amount that they're spending on cash content in '23 versus '22. But curation, creating content at a time when people can watch it, creating a community conversation. 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? 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. Appreciate all the information you just shared. This phenomenon can go for eight, 10-plus weeks for each series. 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. Is that something you're able to comment on now? 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