WD

Warner Bros. Discovery

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Company Research Report: Warner Bros. Discovery, Inc.



Company Overview



  • Name: Warner Bros. Discovery, Inc.


  • Mission of the Company: No information is available.


  • Founded: No information is available on the precise founding details.


  • Key People:

  • David Zaslav, President and Chief Executive Officer

  • Samuel A. Di Piazza, Jr., Board Chair

  • Daniel E. Sanchez, Independent Director (joining effective October 1, 2024)

  • Simon Robinson, Chief Operating Officer of WBD Studios and head of WBD Global Experiences

  • Bruce Campbell, Chief Revenue and Strategy Officer


  • Headquarters: No information is available.


  • Number of Employees: No information is available.


  • Revenue: For Q3 2024, Warner Bros. Discovery reported total revenues of $9.6 billion.


  • Known For: Warner Bros. Discovery is recognized as a leading global media and entertainment company that creates and distributes a diverse portfolio of branded content across television, film, streaming, and gaming.


Products



  • Offered Products: Warner Bros. Discovery boasts an array of products through its channels and brands, including Discovery Channel, Max, discovery+, CNN, DC, TNT Sports, Eurosport, HBO, HGTV, Food Network, OWN, TLC, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Cartoon Network, and more.


  • High-Level Description and Key Features:

  • Max: Warner Bros. Discovery's streaming platform, known for a diverse array of content, recently achieved a significant milestone with 7.2 million net subscriber additions in Q3.

  • Linear Networks and Content Services: Includes a broad range of branded content services, like TNT, CNN, and Food Network.


Recent Developments



  • Financial and Operational Highlights:

  • Q3 2024 saw Warner Bros. Discovery achieving a net income of $0.1 billion.

  • Adjusted EBITDA for Q3 was $2.4 billion.

  • Warner Bros. Discovery Global DTC subscribers reached 110.5 million by the end of Q3 2024.


  • Partnerships:

  • Notably, Warner Bros. Discovery and Charter Communications announced a multi-year distribution partnership aimed at integrating linear video and streaming services to enhance customer value.


  • Product Development:

  • A significant focus on strategic expansion of the global Direct-to-Consumer business.

  • A new global structure for worldwide studio tours and location-based experiences has been initiated under Bruce Campbell's leadership.


  • New Enhancements:

  • Expansion of Warner Bros. Discovery Global Experiences division to bring even more fan-centric engagements worldwide.

  • The Penguin premiered as one of the largest shows on the Max platform, joining the ranks of other notable titles like The Last of Us.


  • Leadership Changes:

  • The addition of Daniel E. Sanchez to the board, effective October 1, 2024.

  • Simon Robinson expanding his leadership responsibilities to include the Warner Bros. Discovery Global Experiences division.


This report showcases Warner Bros. Discovery’s efforts in expanding its reach, optimizing its offerings, and enhancing its operational structure to cater to diverse consumer preferences in the dynamic media industry environment.