Warner Bros Discovery has reported results for the quarter ended March 31st 2022. The results cdo not include Q1 performance for the WarnerMedia business, which was acquired on April 8th. David Zaslav, President and Chief Executive Officer of Warner Bros Discovery, commented: “With Warner Bros Discovery, we are creating a pure-play media company with diversified […]
Discovery and AT&T have closed their transaction to combine the WarnerMedia business with Discovery. The new entity, Warner Bros Discovery, will begin trading on the Nasdaq with the start of trading on April 11th, under the new ticker symbol ‘WBD’. Warner Bros Discovery will create and distribute the world’s most differentiated and complete portfolio of […]
Discovery has announced the future executive leadership team for Warner Bros Discovery, ahead of the close of the company’s transaction to combine its non-fiction and international entertainment and sports businesses with WarnerMedia’s premium entertainment, sports and news assets. David Zaslav, the future CEO of Warner Bros Discovery, commented: “We are so excited to bring the […]
Discovery has announced the full slate of director designees for the combined company, Warner Bros Discovery (WBD). The directors will be elected and begin serving on the WBD Board effective at the closing of the proposed combination of Discovery and WarnerMedia, which is expected to occur early in the second quarter of 2022. “I look […]
Discovery has announced its plans to appoint Chris Licht as the new chairman and chief executive officer of CNN Global. The appointment will be effective following the completion of Discovery’s acquisition of WarnerMedia, expected in early Q2. Licht has spent more than 20 years in broadcast news and currently serves as executive vice president of […]
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, […]