And our new studio heads are hard at work putting their unmatched creative stamp on our future slate. The sequel to Fantastic Beasts and Where to Find Them is slated for release 16 November 2018, and filming begins this summer. And so we were able, in many ways, to Monday morning quarterback. An open casting call has gone out for three actors between the ages of 13 and 16 to play young versions of Newt, Leta, and another character called Sebastian. And we don't yet have, we think, a strong enough position in that market. 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. John Oliver in season nine of "Last Week Tonight With John Oliver." Paula Lobo/HBO. Interestingly, the actor cast as the titular character, Austin Butler, isn't the most well known, and audiences will probably know him best as the Manson family member Tex Watson in Once Upon A Time In Hollywood . 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. So I think this is an exciting time because I think we're really -- we made some tough decisions. But in order to do that, we took less volume than we could have. 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. Today, with direct-to-consumer, more and more people are joining the party. And that is what all great talent wants. Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. Discovery, Inc. ( NASDAQ: WBD) Q4 2022 Earnings Conference Call February 23, 2023 4:30 PM ET Company Participants Andrew Slabin - Executive Vice President, Global Investor. Casting for teenage Dumbledore follows on from the news that Jude Law will play the adult character in the Fantastic Beasts sequel. And now you see a very soft scatter market. [Operator Instructions] Our first question comes from Jessica Reif Ehrlich with Bank of America. And that gives us real optionality in terms of nourishing audience for growth and for reduction in churn and for overall price value. 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. Warner Bros. 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. And getting ready for our new launch. 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. Warner Bros. Discovery to Report Fourth Quarter 2022 Earnings: Listen Live on February 23, 2023 at 4:30 p.m. But curation, creating content at a time when people can watch it, creating a community conversation. 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. And then there was a lot of content that just wasn't being viewed. You have so many hidden assets within the company. On the one hand, we have tremendous breadth with live news, live sports, entertainment, nonfiction, a tremendous share and reach. And we've also introduced digital advertising on HBO, which advertisers are very excited about being able to be in these marquee shows. 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. The creative co-lead and co-chairman of DC Studios have confirmed the entertainment studio is separate from Warner Bros. Pictures Group As per CBR via the social news aggregate website, Reddit . And we're curating now in a way that's having an impact on America. 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. 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. We continue to be the place creators are choosing to bring their visions to life. We brought our losses down considerably and are even more confident in the financial targets we laid out a few quarters ago. WBD 15.42 +0.67 Warner Bros. It gives a huge advantage with those tent poles. And we hit this year with a full leadership team in place. Presentation. 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. And on the 2023 outlook, look, it's early in the year. Starting with the Studio segment. [Operator Instructions] Additionally, please be advised that today's conference call is being recorded. This is some of the most recognized and beloved storytelling IP in the world, and we're excited to tell even more of those stories. 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. The reality is the market is evolving so dynamically that what we are doing is as 1 team, looking at all the different windows and what our real asset is having actual distribution assets in almost every form of media, whether it be linear television, on-demand television through streaming, games, theatrical distribution, free-to-air, pay TV. We believe in it because we believe we have the best menu of content, the best portfolio, the best quality. Appreciate all the information you just shared. And we're able to align our networks on a coterminous basis with these distributors. The studio is the flagship producer of live-action feature films within Warner Bros. And then on the affiliate side, renewing 30% of your affiliate deals. Head of the Localization Department at Warner Bros. Games Montreal.<br>Extensive experience in video-game internationalization and localization engineering into +15 languages. August 15, 2022 10:20am. Discovery Inc. is suing Paramount Global, saying its competitor aired new episodes of the popular animated comedy series "South Park" after Warner paid for exclusive rights. CASTING SUBMISSION - Actors & Extras Such a move has been expected for quite some time, given 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. That's not the point. Warner Bros. is a global leader in all forms of entertainment, from movie and TV screens to mobile devices, store shelves and beyond. On direct-to-consumer, we are making meaningful progress on our goal to achieve real profitability in streaming, a key and powerful segment of our company. 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. And Brett, just to be clear, the Discovery content would still be available on the bigger relaunched combined product. And so we'll keep in mind this balance of volume versus price. And why should we need to monetize that in order to drive shareholder value. So again, as I said, a similar picture with more diversity. And we've got a time-tested approach to cross promotion, and we're adjusting that right now to the larger portfolio and the larger number of assets that we're promoting. 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. Christian Zilko And so we want to optimize that as a unified strategy for the company. We've rightsized the content investments. And curating content so that people can watch it and have a shared experience is a very big piece of the Warner Bros. We haven't done new Harry Potter content in over a decade. The gaming business is all consumer product driven. 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. 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. Note that merger and integration-related cash costs totaled nearly $150 million in Q4 and nearly $800 million for the year, in addition to a nearly $350 million headwind from securitization and factoring since the closing of the deal in early April. 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. Casey and the team continue to fuel critical and audience acclaimed with globally resident content, driving improvements in engagement and churn, which is setting up a nice tailwind into the relaunch. Yes. You do not need to submit this form if you've already submitted to any casting. And we've lapped that now, and we're seeing some growth now. Our next question comes from Brett Feldman with Goldman Sachs. You probably know that, because we've kept the lights on at TBS for the last five years.". 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. We got to take those swings. So there was 60% that was hardly being viewed. Discovery experienced a staggering USD 2.1 billion financial setback. Discovery CEO David Zaslav's plan to combine HBO Max and Discovery Plus into a single streaming . And so selling that to drive free cash flow and to nourish the overall segment, so that we, as a media segment, can be successful is important. Q&A session is now closed, which concludes today's conference. 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. The closing date for applications is Tuesday, 20 June 2017 at midnight GMT. The reality is, in today's environment, I think it would be -- you wouldn't want us to say we have a static a 100% defined windowing strategy. Does that include any potential asset sales like nonstrategic asset sales? 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. During the WBD quarterly earnings call, Zaslav . In all that we do, we are guided by three strategic pillars. David, if James and his DC strategy is successful, which I'm sure is your expectation, what does that mean for the company overall over the long term? 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. Every week, a new episode comes out and by the time the next one airs a week later, tens of millions of people have watched the last episode. There's loads of content out there. And the newest hits, Night Court on NBC and Shrinking on Apple TV. We haven't done a Superman movie in 10 years. So those candidates who are interested must have checked the companys full details. WIZARDING WORLD Publishing and Theatrical Stage Rights J.K. Rowling. It was a heavy lift to bring 2 teams together, notwithstanding the economy being what it was, and we are now drilling down on all facets of the business. We are already seeing a more inclusive range of voices and viewpoints, as demonstrated last month, when over 70 Republicans came on our air during their Congressional speaker election process, a first in a very long time, and we intend to continue advancing on this balanced strategy. Turning to the total company EBITDA outlook. 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. This company every year give up the chance for new talents. Can you talk a little bit about the revenue outlook for D2C? Good afternoon, and welcome to Warner Bros. During the fourth quarter of 2022, Warner Bros. With that, I'll turn it over to Gunnar, and he'll walk you through the financials for the quarter. 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. In every country, they'll leave dinner and they got to go home to view that product that they love. And I think I just only add go ahead. Internationally, as I've said before, we look at our pricing is significantly under where we think the market is. 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. And it is shared -- the platform itself for Discovery+ will be a shared platform. Warner Bros. Looking for Pottermore? Overall, 14% of . And there are times when our share is significantly higher with marquee events, such as March Madness and the MLB and NBA playoffs. I'm confident that we will get there, particularly with some of the operational and content-driven initiatives implemented by Kathleen Finch and her team. Discovery, ensuring it will remain as the exclusive Australian home of HBO, Max Originals, Warner Bros. and Discovery programming. Number three, evaluating capital allocation opportunities with rigor, so that we can both achieve near-term efficiency and enhance long-term asset value and growth. Please. TM & WBEI. Discovery Access Talent Spotlight, candidates must meet the below requirements: Participants must be 18 years or older as of March 1, 2022. We have full command and control of our business, and we are one company now. 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. A replay of the call will be available approximately two hours after the completion of the call until August 11, 2022. Our next question comes from Kutgun Maral with RBC Capital Markets. So that is having some impact on us versus others that were -- that took a much bigger position in the upfront. Discovery, we believe we have the strongest hand in the industry, with the most complete portfolio of assets and globally renowned franchises, personalities and storytelling IP, across sports, news, nonfiction and entertainment, in virtually every region of the globe and in every language. I believe Warner Bros. TV is the greatest quality maker of content in the world. 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. Yes. In answering that question, you reiterated something you'd said before, which was an intent to fold the Discovery content into the new product. The Roku and the Tubi deal was really just a toe in the water, if you will, 14 channels, a beginning for us, but there'll be more to come as we go through the year, and we do want to have a bigger presence in that space because we do see consumer behavior continuing to shift and having a very robust amount of consumers around the world, who will want to consume ad-supported content. Yes. They are also looking for actors between 16 and 18 to portray both Gellert Grindelwald and Albus Dumbledore as teenagers. No, the only thing I would add is from the perspective of cyclical versus secular, there's no doubt. 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. 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. 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. We definitely are planning for an inflection on the revenue side. Here through this post, we are also providing complete necessary details about the Warner Bros Pictures Casting Directors Dates Roles. 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. Yes. Your email address will not be published. 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