It's working. 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. To that end, linear ad sales is a top priority at the moment, particularly as we balance both cyclical headwinds and ongoing secular challenges, much of which we've dealt with for the last several years. In providing projections and other forward-looking statements, the company disclaims any intent or obligation to update them. "I was in the movie 'Grown Ups'. Warner Bros. Sorry, Robert. NOW CASTING PAID EXTRAS, AGES 18+ to portray WHITE HOUSE STAFF for new NETFLIX & Tyler Perry Studios movie SIX TRIPLE EIGHT (6888). We're assuming that. These are huge numbers, particularly in today's day and age of binge viewing, when there is so much content to choose rooms. . And I think there was a lot left on the table. 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. Wizarding World is the new official home of Harry Potter & Fantastic Beasts. We are laser-focused on delivering against our high-level strategic, operational and financial targets, and the three pillars that comprise our core principles. Number four, driving overall efficiency and free cash flow conversion towards our near-term goal of 1/3 to 1/2 conversion of adjusted EBITDA with longer-term upside towards our 60% goal. Required fields are marked *, Warner Bros.-Seven Arts, Inc.(19671970), Toby Emmerich(Chairman, Warner Bros. Pictures Group), Walter Hamada(President, DC-based Film Production), studiofacilities.warnerbros.com/studio-operations-inquiry-form/. The Hogwarts game, we took several additional months to rework it, to get it right. 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. The casting of a young Leta would suggest that her character might have a bigger role in the sequel. In 2022, Warner Bros. will release Elvis, a biopic about the king of rock and roll himself. Everybody has a strategic focus on improving free cash flow, market share for each of the businesses. Q&A session is now closed, which concludes today's conference. 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. 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. Warner Bros. And we're doing it in a very tasteful way by putting it on the very front end. Warner Bros. Discovery's earnings are expected to grow from $0.97 per share to $1.79 per share in the next year, which is a 84.54% increase. 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 While every applicant will be considered, only those passing the initial consideration round will be contacted. And we could see, for instance, at HBO, the majority of viewership of content on HBO was only 40% of the content. Your email address will not be published. No, the only thing I would add is from the perspective of cyclical versus secular, there's no doubt. But it's -- we're not going to tell any story before it's done. But I also think we're very well positioned to grow from here. And we're seeing some real opportunity here. We brought our losses down considerably and are even more confident in the financial targets we laid out a few quarters ago. We have storytelling and games with Hogwarts, which is really off to a tremendous start for us. The fourth quarter marked the end of a first and very defining chapter for Warner Bros. And as I've said before, net-net, that's not a segment where I would expect a sustained revenue growth. And so we're feeling more and more confident about that. Let me start with the second. And I think that diversity is strength. Studio Tour Hollywood invites you to celebrate the enduring legacy of the iconic Super-hero on Batman Day, Saturday, September 17, 2022. . And that is what all great talent wants. Is there -- what are you considering? Just what should we expect in terms of '23 versus '22? 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. Warner Bros. The best way to drive interest and engagement is not by dropping the entire season on a platform all at once, but by allowing the buzz and anticipation to build over time. As always, we are not managing this company for short-term financial performance, but rather with the next 100 years of this vibrant creative organization in mind. Two questions. In today's increasingly dynamic and a crowded media environment, the best hand has great storytelling IP, brilliant creatives, a full slate of production and distribution capabilities, and broad global reach that stretches across premium, pay TV, free-to-air, theatrical, streaming, licensing and gaming, the entirety of the ecosystem, and that is exactly the hand that we have, and we intend to play it decisively and with a focus on free cash flow and an eye towards sustainable future growth. The Last Of Us, for example, grew its Sunday premier night viewership by about 1 million with each episode over the first 4 weeks. 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. (Photo by Santiago Felipe/Getty Images) 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 Thank you, Jessica. We've rightsized the content investments. Here through this post, we are also providing complete necessary details about the Warner Bros Pictures Casting Directors Dates Roles. Our final question comes from John Hodulik with UBS. The layoffs represent 14% of Chief Content Officer Casey Bloys' staff, and the eliminated positions are primarily focused on reality content, though other departments including casting and acquisition will also be impacted. 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. Despite the full integration of Warner Bros. We continue to be the place creators are choosing to bring their visions to life. In the meantime, we completed a new distribution agreement that puts HBO Max back on Amazon Prime video channels. And on the 2023 outlook, look, it's early in the year. Her Barbie looks like a version of Robbie's Sharon Tate, or. Consistent with what we told you last August, we are getting ready to launch our combined streaming service here in the U.S. in a few months with Latin America to follow later this year and markets in EMEA and APAC in '24. 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. 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. So we do see subscriber scale as one part of the revenue growth story. 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. 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. Studio. Yes. Our next question comes from Ben Swinburne with Morgan Stanley. 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. In addition to all of our entertainment and nonfiction, we do have all of our news and sports. And I'm very, very glad that we put out some targets in the summer of last year, and we were able to hit those targets. Warner Bros. But I always would err toward price, because I think that's where you really build asset value. No. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. Does that include any potential asset sales like nonstrategic asset sales? You probably know that, because we've kept the lights on at TBS for the last five years.". 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. 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. Participants must be fully vaccinated for COVID-19 and show proof of vaccination. I believe Warner Bros. TV is the greatest quality maker of content in the world. 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? Reiterating my earlier point, I'm very pleased with where we ended the year and encouraged with our ability to balance choppy macro tides with success in repositioning the company for future growth. Disclaimer: Audition free of cost for more information visit the respective official site. 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 . So I think we're very well positioned. Among them, the integration and repositioning of our global finance organization through which we implemented a number of initiatives to drive efficiency and better support the company's long-term sustainable growth. And I think our diversity, we have all these different assets that have -- that are different. The sentiment is not terrific. We can take you into the theater around the world. As the only studio scaled in gaming, we see it as a meaningful differentiator with substantial opportunity. We've effectively done that now, but we had to take two different sales teams and pull them together. Games & Home entertainment faced difficult year-over-year comps as well due to last year's COVID-induced tailwind for library content. Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. 7,362 Followers, 2,443 Following, 99 Posts - See Instagram photos and videos from Warner Bros. The studio is the flagship producer of live-action feature films within Warner Bros. 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. 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. China calls for Russia-Ukraine cease-fire, . Echoing some of what David said, the leadership team is ever more aligned on strategic decision-making that benefits the company as a whole versus one segment or another and is incentivized as such. 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 can put that down on our AVOD service. 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. How much do you feel like is more reflective of some of the underlying trends that just have to do with ratings declines or core cutting and those types of trends? We're committed to creating shows that people really want to watch, and they also want to experience them with other people. 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. Brought to you by Wizarding World Digital, a partnership between Warner Bros. and Pottermore. CAB Castings, LLC. That's the power of streaming. Discovery, Inc. Fourth Quarter 2022 Earnings Conference Call. And I think I just only add go ahead. Kathleen is doing a lot of work, getting the enormous value of our library on screen. It gives a huge advantage with those tent poles. And so we are a storytelling company. Good afternoon, and welcome to Warner Bros. I do believe, as JB said, and we do believe, as a company, that we'll sort of recreate this -- the streaming service, which is ad free, then which -- then there'll be ad-lite. Importantly, we successfully completed affiliate renegotiations, which accounted for more than 30% of U.S. distribution revenues and which brought our portfolio together coterminously. Sep 2, 2021 Seeking young performers for Nickelodeon's nationwide (US and Canada) Performers with Disabilities Open Call! 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. Revenue decreased 6% as global advertising revenues declined 14% and distribution revenues decreased 2%. And then there was a lot of content that just wasn't being viewed. And consistent with our overall commitment to great storytelling, we delayed the launch to get it right. We believe in it because we believe we have the best menu of content, the best portfolio, the best quality. So we're excited about the fact that we're going to take all of the Discovery content and put it together with the HBO Max content in a much better platform. Chris Licht and the team are focused on building an asset for the long term across cable and digital that is worthy of that great global brand. Is that -- it sounds like you guys have, on the one hand, a lot of new programs, a lot of new movies and a lot of new initiatives; but at the same time, pulling some content on the floor. In all that we do, we are guided by three strategic pillars. 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. 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. The poor actors and directors of the . Such a move has been expected for quite some time, given Warner Bros. 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. 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. Discovery CEO David Zaslav has doubled down on the groundwork being laid out for James Gunn and Peter Safran's DCU plans. 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. I want to follow up on the streaming discussion. Internationally, as I've said before, we look at our pricing is significantly under where we think the market is. MACON RUSH CALL BACKGROUND Casting Notice *Warner Bros FEATURE FILM: "The Color Purple-The Musical' LOCATION: Macon, GA By Kevin P. King - April 7, 2022 487 0 Advertisements On Location Casting *RUSH CALL* - TODAY! The closing date for applications is Tuesday, 20 June 2017 at midnight GMT. Warner Bros. This company every year give up the chance for new talents. 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. Our next question SP1 Comes from Robert Fishman with SVB MoffettNathanson. We also signed fast content deals with Roku and Tubi, adding to these popular platforms, hundreds of our TV shows and movies, while maximizing the reach and overall value of our content. Discovery to Merge Streaming Services James Gunn, and Peter Safran were Appointed to Be Executives of DC Studios 'Stranger Things' Caleb McLaughlin Says He Wants to Place 'Static Shock' Margot Robbie on Lady Gaga Cast to Play Harley Quinn in 'Joker 2' Photo: Kevin Dietsch/Getty Images. We believe strongly in the importance of the motion picture window and having that shared experience with other people. Gunnar? And once we establish this funnel, then we can take things like the first season of succession or the second season. 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. 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. We haven't done a Superman movie in 10 years. I mean, pot levels in the industry, I think, were down 14% in the quarter. And we can create a Tubi or a Pluto without buying content from anybody by just being able to put it on ourselves. 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. It's not about getting it out quick. Sir, you may now begin. Warner Bros. Is that something you're able to comment on now? 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. John Oliver poked at HBO's parent company, Warner Bros. 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. John Oliver in season nine of "Last Week Tonight With John Oliver." Paula Lobo/HBO. 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. So there was 60% that was hardly being viewed. You do not need to submit this form if you've already submitted to any casting. And to that end, we are now confident in a path to at least $4 billion of savings largely addressable through 2024, representing an increase of $500 million over our prior estimate. Head of the Localization Department at Warner Bros. Games Montreal.<br>Extensive experience in video-game internationalization and localization engineering into +15 languages. This information is only for educational purposes use. And we're curating now in a way that's having an impact on America. 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. 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. J.B., anything to add to that? We also made a decision in the upfront to drive price rather than extra volume. We have an unusual situation. Nov 3, 2022 2:02pm PT Warner Bros. Appreciate all the information you just shared. Some are advertiser-driven. from casting calls to the lure of the red-carpet award season. Discovery. Currency was an approximate $100 million headwind to EBITDA for the quarter and near $200 million headwind for the full year. And then on the affiliate side, renewing 30% of your affiliate deals. We have command and control of each of the businesses. 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. Discovery. It comes after HBO and HBO. We can put you right on HBO on Sunday night with the biggest audience in America, tuning right into you. 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. And on the traditional side, we renewed agreements representing 30% of our U.S. affiliate revenues. And one of the tenets is we're not going to launch any content before it's time. Participants must have the right to work in the United States or Canada. Elvis is a 2022 biographical drama film directed by Baz Luhrmann and written by Luhrmann, Sam Bromell, Craig Pearce, and Jeremy Doner.It follows the life of the American rock and roll singer and actor Elvis Presley, told from the perspective of his manager, Colonel Tom Parker.It stars Austin Butler as Presley with Tom Hanks as Parker, while Olivia DeJonge, Helen Thomson, Richard Roxburgh . 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, Q4 2022 brought a hefty price: A net loss of USD 2.1 billion due to declining ad sales revenue figures. We believe that when you have content that is so good that it hits the gist. And for us, DC alone will be -- could and should be a game changer. Use the form below to submit your basics and we'll reach out to you when the next big film casts! 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 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? I think you used it during your script. Discovery, for canceling "Batgirl . Operator. It's just too early to really call a trend change here. 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. We repaid $1 billion of debt during Q4, bringing the total debt repaid since the closing of the transaction to $7 billion, and we ended the quarter with $49.5 billion gross debt and nearly $4 billion of cash on hand, implying net leverage just below 5x. And after just 5 weeks, an astounding 35 million people have watched episode 1. The 50 Best Movies of 2022, According to 165 Critics from . On the advertising side, it's kind of a complex answer. With that, I'd now like to turn it back to the operator, and David, JB and I will take your questions. Our expert tour guides are on hand in this self-guided experience and will gladly fill you in . 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. This company is found in the years 1923. We met with 186 of the top leaders in -- for a week in early January. 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. The product will offer compelling content for every member of the household. The guidance does not include any asset sales. Is there any of your content that's definitely off the table to be included in that service? Discovery advantage. Q4 revenues decreased 9% year-over-year, while adjusted EBITDA decreased 2%, helped by a reduction in consolidated SG&A by 22%, a bit more than we guided to. We're going to be releasing 12 films, 6 games. And so -- which -- where we pivoted and said we were going pushing to move all of our films back out with real windows in order to optimize those products. It's about telling the best story. media commentator focused on TV Production, Consumer Tech, SVOD & Sports Broadcasting . 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. This is one team now. 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. Discovery Second Quarter 2022 Earnings Call. I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. They are also looking for actors between 16 and 18 to portray both Gellert Grindelwald and Albus Dumbledore as teenagers. We reduced EBITDA losses by $500 million year-over-year to $200 million in Q4, supported by 1.1 million net sub adds in the quarter. Accordingly, we expect free cash flow in the first quarter to be negative. And there are times when our share is significantly higher with marquee events, such as March Madness and the MLB and NBA playoffs. So those candidates who are interested must have checked the companys full details. 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. Channing is the best example of that. filming in Atlanta, GA. COVID TEST: TUESDAY JANUARY 10, 2023 FILM (1 DAY BOOKING) - WEDNESDAY JANUARY 11, 2023 RATE: $175/12 (DAILY) + $25 COVID Discovery The move is part of CEO David Zaslav's self-imposed mandate to find $3 billion in synergies between the two companies. Discovery experienced a staggering USD 2.1 billion financial setback. NOW CASTING PAID EXTRAS (Ages 30 +) to portray ROADSIDE MOTEL GOERS for the NEW DC Comic series "NAOMI" for FRIDAY, 1/21/2022. 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. That's the power of curation. An important reference point for the value of our combined portfolio of networks to our distribution partners. And we're able to align our networks on a coterminous basis with these distributors. Don't forget the 12+ hour blocks of five year old movies every weekend. The industry was in a quantity of content over quality, we believe, in a quality over quantity and therefore, spend-wise, spend needs to get rationalized. The game was 1 of the most highly anticipated of 2023. Turning to the total company EBITDA outlook. WarnerMedia Equity + Inclusion announces the WarnerMedia Access Talent Spotlight, a new talent training program for aspiring actors looking for professional development and resources. Turning to Networks. Warner Bros. 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. Yes. Obviously, successful films will help your Studio segment earnings. We've got some tests going on and it's very early, but some of the numbers that are coming in are looking exciting. And together, we are focused on making our businesses better and stronger. Global core subscribers increased 1.1 million sequentially and 10 million year-on-year, while global ARPU increased as well modestly to $7.58. 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. Just being able to put it on the 2023 outlook, look, it 's time what... 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