Reportedly Cancels 'Wonder Woman 3' Warner Bros. And regarding the linear affiliate renewals, as we've said a couple of times that we're very happy with how those discussions went, is a clear testament to the importance and the value that our network portfolio is delivering to our affiliates. 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. 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. With that, I'll turn it over to Gunnar, and he'll walk you through the financials for the quarter. We believe strongly in the importance of the motion picture window and having that shared experience with other people. Hello, everyone, and thank you for joining us. 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. Christian Zilko The search for Nick took Warner Bros. much longer than expected, though, and eventually Golding was ready to sign on. Our next question SP1 Comes from Robert Fishman with SVB MoffettNathanson. I have one for David and then one for J.B. or Gunnar. They have great plans to revitalize the nets and have also begun to use our exceptional library of film and television content in a way that will benefit our linear and cable networks. Thank Sure. 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. What's in there for upside, which is something that you didn't really talk about that much, but it's new? The fourth quarter marked the end of a first and very defining chapter for Warner Bros. Interested in future casting calls or joining our casting division? It's not about getting it out quick. In the meantime, we completed a new distribution agreement that puts HBO Max back on Amazon Prime video channels. Here through this post, we are also providing complete necessary details about the Warner Bros Pictures Casting Directors Dates Roles. 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. 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. These are huge numbers, particularly in today's day and age of binge viewing, when there is so much content to choose rooms. 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. Turning to the quarter, I'd like to quickly take you through some of the puts and takes impacting performance. That's not the point. SVOD and ad-lite tiers and a significantly enhanced product platform to drive better performance, improved user experience and stronger engagement. 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. 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. Clearly, you still have some macro challenges, but what could go right? That is what we're tracking in our system today, specific initiatives with associated direct financial impact, responsible owner and detailed milestone plans. WIZARDING WORLD Publishing and Theatrical Stage Rights J.K. Rowling. Discovery. And so we are a storytelling company. We see better engagement, better churn, which makes marketing efficiencies come up. 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. 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 And we're able to align our networks on a coterminous basis with these distributors. And our new studio heads are hard at work putting their unmatched creative stamp on our future slate. "We are looking for: single women and men between the ages of 23-35," the official Warner Bros casting call reads. Participants must be fully vaccinated for COVID-19 and show proof of vaccination. We've gone through a couple of the puts and takes here. Apply Here: NickOnlineOpenCall.nick.com Parents/guardians please email: NickOnlineOpenCall@nick.com for more info. We can put you on HBO on a Sunday or Monday night, where it's must see streaming TV or we could have to we've launched your movie. International, some areas actually trending up now, others still difficult. 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 on the 2023 outlook, look, it's early in the year. And where does the WBD fit in that? This phenomenon can go for eight, 10-plus weeks for each series. . And we take advantage of all the content that we have. Yes. Warner Bros. In all that we do, we are guided by three strategic pillars. And one of the tenets is we're not going to launch any content before it's time. And in fact, we're -- we use news and sports quite effectively in Europe, and we've learned a lot about when it does work and when it doesn't. 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. CASTING SUBMISSION - Actors & Extras And why should we need to monetize that in order to drive shareholder value. 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. 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're going to be releasing 12 films, 6 games. 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. 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. Global core subscribers increased 1.1 million sequentially and 10 million year-on-year, while global ARPU increased as well modestly to $7.58. And we continue to track above our internal plans. Social media explodes and people are calling their family and friends to talk about what they saw. The scatter market overall is very slow, I would say, steady to maybe a little bit better than it was in the fourth quarter. Discovery's Q4 Earnings Call. Content alone is really only half of the equation. And so I think that is key to us in terms of building the long-term strength. Warner Bros. They want -- they want to have an opportunity for their content to be seen, to be talked about, and they want to feel respected. And we were able in the upfront to drive price significantly more than all of our peers. This company every year give up the chance for new talents. I'd like to ask about advertising trends you're seeing and maybe kind of advance this discussion a bit more. 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. 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. I'll just take a swing at it, Gunnar, you can follow. So again, as I said, a similar picture with more diversity. But I also think we're very well positioned to grow from here. And consistent with our overall commitment to great storytelling, we delayed the launch to get it right. 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. We got some of the best creatives in the industry right now focused on those swings. We have a lot of motion picture content that we're reworking and making a lot of progress with. And after just 5 weeks, an astounding 35 million people have watched episode 1. 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. You've been ahead of the curve here, but it seems like everyone these days is reshaping their streaming strategy in pretty profound ways, whether it's their org structure, their content spend, types of content investments, philosophy around content exclusivity and licensing, international, pricing and just so much more. Arguably, we've done a little worse than that, partly driven by the scheduling or the sports schedules that David mentioned a couple of minutes ago. On the one hand, we have tremendous breadth with live news, live sports, entertainment, nonfiction, a tremendous share and reach. 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. Does that include any potential asset sales like nonstrategic asset sales? We can put that down on our AVOD service. The other point that is front or set up for us is curation. 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. Yes. But curation, creating content at a time when people can watch it, creating a community conversation. About that much, but it 's new quarter marked the end of a first and defining. 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