Discovery

Today, Warner Bros. Discovery, Inc. reported financial results for the first quarter of 2022 (January 1 through March 31). The results are for Discovery, ...

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One year, eight members, many meetings. The setup for Michelle Huneven's new novel, “Search,” sounds like a reality show, and it's equally entertaining.

Dana brings her fellow committee members to review lunches, partly because she wants to know where everyone stands outside of the official meetings, and partly because it’s her job. But because Huneven is a wise storyteller, and Dana is not the reliable narrator she seems to be at first, we eventually come to understand that everyone on this committee is an equally stubborn ego-driven pain in a body part one wouldn’t mention in church. There can be no one person who fits all the various criteria they put forth for their future leader — a smart reader knows that from the outset — so the search must really be about searching for meaning in their own individual lives. Written in the form of a memoir, “Search” is told from the point of view of Dana Potowski, a famous restaurant critic and memoirist, who is invited to join the search committee for the AUUCC’s new minister. And speaking of delicious, Huneven’s descriptions of food are the best I’ve ever read, by far the most vivid prose in the book. The other people in her orbit who might give us hints about what she’s really like are also only really concerned about themselves, getting a say and getting a (free) review lunch sometime. But if the book club disbands and the cycle studio closes, there’s no great absence in anyone’s life. The older group wants the new minister to have experience above all and the younger generation lobbies for a fresh perspective. She describes one of Dana’s favorites as a “wussy bread baker with an all-face beard who wears black dress socks with his Birkenstocks.” I could picture this man exactly, and it feels like a wicked pleasure that after all the lofty claims about wanting to enrich their spiritual lives, a man’s style of facial hair will get him eliminated. The main conflict in the book is between the old guard and the younger generation within the committee. She went to seminary school in her 30s and almost became a minister before she became a full-time food writer, so she’s fluent in the language of liturgical life. Dana, a witty and gimlet-eyed observer, is white, straight and in her mid-50s.

In Warner Bros Discovery's first earnings call with Wall Street analysts, CEO David Zaslav re-emphasized his prudent approach to streaming.

Prior to the call, Warner Bros Discovery announced results for the first quarter but only for Discovery, given that the combination with WarnerMedia did not close until after the end of the March 31 quarter. The portfolio of networks, spanning scripted, unscripted, news, sports and lifestyle, give the company “a unique hand,” Zaslav said. In streaming, “the middle lane is wide open for us,” Zaslav said.

Warner Bros Discovery's quarterly revenue rose 13% in the first set of results from the media giant forged by a $43 billion merger between Discovery and ...

Warner Bros Discovery's total revenue rose 13% to $3.16 billion for the first quarter ended March 31. Net income available to the company rose to $456m, or 69 cents per share, from $140m, or 21 cents per share, a year earlier. Warner Bros Discovery's quarterly revenue rose 13% in the first set of results from the media giant forged by a $43 billion merger between Discovery and AT&T's WarnerMedia assets.

The AI-enabled drug discovery company will accelerate the development of its clinical pipeline and continue investing in its technology platform.

London-headquartered clinical-stage AI-enabled drug discovery company, BenevolentAI has begun trading on Euronext Amsterdam. The listing follows the completion of its business combination with Amsterdam-listed Odyssey. Odyssey had bought BenevolentAI in a deal last year valuing the British-based medtech firm at up to €1.5 billion after the transaction. The startup powers a growing in-house pipeline of over 20 drug programmes, spanning from target discovery to clinical studies. Joanna Shields, CEO, BenevolentAI, said: “Our AI platform is fully operational, scientifically validated, and supports an in-house pipeline of over 20 platform-generated drug programmes and successful commercial collaborations.

Mr. Zaslav said the newly formed entertainment conglomerate, whose assets include CNN, HBO and Warner Bros., would move fast to put his vision in place.

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In the wake of big spender Netflix's Q1 shocking subscriber loss news, David Zaslav says Warner Bros. Discovery "will not overspend"

The company’s combined 100 million streaming subscribers gives them “true optionality over time to drive our strategic decision-making,” Zaslav said. HBO Max and Discovery+ will be combined as one streaming platform under Warner Bros. Discovery, though timing on that integration has yet to be determined. In the wake of big content spender Netflix’s shocking Q1 subscriber loss, David Zaslav made a point to say Warner Bros. Discovery “will not overspend to drive subscriber growth” during Discovery’s first-quarter earnings call Tuesday.

Longtime Warner Bros. executive Toby Emmerich is reportedly considering a theatrical release for Batgirl. The move, which would be a strategic change from ...

Such a strategy would use the popularity and ubiquity of streaming to bolster movies like The Suicide Squad, which earned love from fans and critics but failed to set the box office on fire. Bringing Batgirl to cinemas could also help quell criticism that Warners has plans to send characters like Batgirl and Blue Beetle to HBO Max, while The Flash and Batman get big theatrical releases. Longtime Warner Bros. executive Toby Emmerich is reportedly considering a theatrical release for Batgirl. The move, which would be a strategic change from the vision laid out by former WarnerMedia CEO Jason Kilar, is being mulled in the larger context of the Warner Bros. Discovery merger.

Who is JB Perrette? Meet the CEO of Warner Bros. Discovery streaming, David Zaslav's right hand who's charged with integrating HBO Max and Discovery+ into a ...

"It's not even a question that as more consolidation comes, they're going to be one of the winners and they're going to build a service that is a must-own for the average household." At the end, Aidem asked if Perrette was taking some time to have fun, and he replied: "Yes, we're going to take a vacation. Liberty board member Derek Chang, who worked at Scripps International before the company was bought by Discovery, described Perrette as "easy to talk to" and "very level-headed." One WBD exec told Insider Perrette is making a positive mark so far on the WarnerMedia teams he's inherited. The person who's done business with Perrette believes that he has the credentials and the ammunition to succeed with WBD streaming. "JB is intelligent, he listens, he likes to have people around him who are very, very smart," said the former Discovery executive. He described an exec with boundless energy and a strong social conscience. With Perrette on board, Discovery figured out after some trial and error that an aggregated streaming play would work better than the series of niche offerings the company once had on offer. Perrette's international expertise puts him ahead of other streaming players still trying to figure out the ins and outs of overseas markets. "He is an actual problem solver," this person added. He is credited with executing a host of strategic decisions, including Discovery's acquisitions of Eurosport and Scripps Networks. People who've worked with Perrette describe a very smart, cautious, down-to-earth executive who's fun and funny when you get to know him.

The new logo (see above) features a minimalistic design with a simplified wordmark. And while the fresh look is meant to celebrate the collaboration between the ...

The new design (see below), based on the famous Warner Bros shield, sports a simplistic yet bold look. The new logo (see above) features a minimalistic design with a simplified wordmark. The obscure golden design (see below) received plenty of criticism, with people saying that the design looks like it was made with Microsoft's WordArt. But now, Warner Bros. has finally revealed the actual design – and it's not a lot better.

Two streaming giants are currently in the investing spotlight for different reasons. Warner Bros. Discovery ( WBD -1.75% ) began trading as a newly combined ...

Both companies will probably spend heavily on content in the years ahead to maintain and attract subscribers but Warner Bros. Discovery has the advantage of its more established library. Netflix is the 800-pound gorilla in the room with the biggest subscriber base now, but Warner Bros. Discovery would have to double just to approach Netflix's current total so it probably has more runway for growth ahead. Furthermore, Warner Bros. Discovery is at an advantage because Netflix still has to rely on licensing a large portion of its content from other studios at a time when many of them are trying to grow their own streaming services. As one of the best growth stories of the past decade, Netflix traded at a premium multiple for years, but after the recent sell-off, its valuation looks downright attractive, at 20 times earnings and just 15 times next year's earnings. Warner Bros. Discovery has a content library that is second to none in the industry. On the other hand, Netflix has the largest subscriber base of all streaming services with over 220 million. Netflix has built a compelling content library of its own, licensing movies and shows from other studios and creating its own content. However, Warner Bros. Discovery's valuation looks even more attractive, trading at 14 times this year's earnings and just 10 times next year's earnings. He led the launch of Discovery+ and the merger with WarnerMedia that remolded the company into Warner Bros. Discovery. Hastings grew the business from a mail-order service into a $100 billion global empire with 221 million subscribers (and, it should be noted, the company had hit a market cap north of $300 billion before the recent sell-off). Warner Bros. Discovery CEO David Zaslav and Netflix's Chairman and co-CEO Reed Hastings are two of the highest-profile executives in the media space. Two streaming giants are currently in the investing spotlight for different reasons.

Warner Bros. Discovery WBD is set to report first-quarter 2022 results on Apr 26.On Apr 8, Discovery and AT&T's Warner Media unit completed the previously ...

In January, Warner Bros. Discovery announced that it would become a minority owner of OpenAP, an advanced advertising company. The increasing availability of its content across linear, digital over-the-top platforms like Hulu and Sling TV is expected to have improved traffic. Warner Bros. Discovery has a trailing four-quarter negative earnings surprise of 22.79%, on average. But that’s not the case here. Golden Entertainment GDEN has an Earnings ESP of +7.72% and a Zacks Rank #1. The company is set to announce first-quarter 2022 results on May 5. Discovery+ is off to an impressive start. SeaWorld Entertainment SEAS has an Earnings ESP of +38.64% and a Zacks Rank #1. The company is set to announce first-quarter 2022 results on May 5. Gildan Activewear GIL has an Earnings ESP of +10.20% and a Zacks Rank #1(Strong Buy). The company is set to announce fourth-quarter 2021 results on May 5 You can see the complete list of today’s Zacks #1 Rank stocks here. The figure indicates a 166.67% growth from the year-ago quarter’s reported figure. The company launched Discovery+ on Comcast Xfinity and Amazon prime video Channels in the United States, Starzplay in MENA and Samsung Smart TVs and Amazon Fire TV devices in the U.K. and Ireland. Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. The company boasts a strong non-fiction content portfolio.

David Zaslav, Warner Bros. Discovery chief executive, said that with its collective assets and diversified business model, the company offers the most ...

“And our shareholders will now have a significant stake in Warner Bros. Discovery and its future successes.” Also, shareholders of AT&T received 0.241917 shares of WBD for each share of AT&T common stock they held at close. As a result, AT&T shareholders received 1.7 billion shares of WBD, representing 71% of WBD shares on a fully diluted basis. “We are confident that we can bring more choice to consumers around the globe while fostering creativity and creating value for shareholders,” Zaslav said in a statement. The new management team has already made its first major decision – namely, to shut down CNN Plus, a news streaming service, which only launched a few weeks ago. Last month Warner Bros. Discovery announced plans to eventually combine Warner Bros.’ HBO Max and the Discovery Plus streaming systems.

BenevolentAI, a London-based clinical-stage AI-powered drug discovery company has started trading on Euronext Amsterdam under the ticker symbol BAI.

Michael Zaoui, former Chairman of Odyssey, says, “The completion of the Business Combination and BenevolentAI’s listing on Euronext Amsterdam marks the final step of Odyssey’s journey. Dr. François Nader, Chairman of BenevolentAI, says “BenevolentAI is strongly positioned to unlock a new level of growth as a public company and advance its ambitious plans to scale its innovative R&D platform. The company has helped identify Eli Lilly’s arthritis drug baricitinib, also known as Olumiant, as a COVID-19 treatment.

Read Head to Head Review: Warner Bros. Discovery (NASDAQ:WBD) vs. Promotora de Informaciones (OTCMKTS:PRISY) at Defense World.

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When the hydrogen and helium balloons are exposed to liquid nitrogen, both get smaller. When the balloons each come into contact with fire, the reactions are ...

"So that is just a really, really cool way to talk about chemistry and the way that gases interact. When the hydrogen and helium balloons are exposed to liquid nitrogen, both get smaller. The experiment shows what happens when you combine different elements and discover how the gases react to them.

When the hydrogen and helium balloons are exposed to liquid nitrogen, they both get smaller. When the balloons each come into contact with fire, the reactions ...

"So, that is just a really, really cool way to talk about chemistry and the way that gases interact. The experiment shows what happens when you combine different elements and discover how the gases react to them. She said the experiments purpose is to teach about the properties of gases and how each responds differently to cold and heat.

The judge also stated the former minister 'had not observed an injunction' that should have allowed fish transfers from the site.

Former federal Fisheries and Oceans Minister Bernadette Jordan breached the rights of B.C. salmon farmers to procedural fairness when she ordered all salmon ...

They were not apprised of the risk that the fish farms would not be licenced. Whether the ruling means that all the salmon farms that have already been shut down can now be reinstated is unclear. The salmon farmers have complied with the order and have been shutting down their operations in the Discovery Islands. The reports were available to the Minister and DFO. DFO does not dispute this conclusion.” On April 5, 2021, an injunction was granted against Jordan’s ministerial order with respect to the transfer of fish from hatcheries to farms. "The applicants were not privy to the concerns raised by several First Nations, as described in the summary of consultations.

Discovery grew its streaming subscribers before its recent merger with WarnerMedia that created Warner Bros. Discovery.

We are putting together the strategic framework and organization to drive our balanced approach to growing our businesses and maximizing the value of our storytelling, news and sports. “We will start working on an interim solution in the meantime. The company provided its results and operating updates for the pre-merger quarter on Tuesday, also disclosing better-than-expected earnings per share. “With Warner Bros. Discovery, we are creating a pure-play media company with diversified revenues and the most compelling intellectual property ownership, franchises and brand portfolio in our industry,” Warner Bros. Discovery president and CEO Zaslav said. At the end of each quarter, subscribers include the actual number of users that rolled to pay up to seven days immediately following quarter end.” The bottom line benefitted from total operating expenses decreasing 8 percent to $907 million.

Warner Bros Discovery's quarterly revenue rose 13% in the first set of results from the media giant forged by a $43 billion merger between Discovery Inc and ...

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NEW YORK (AP) _ Warner Bros. Discovery, Inc. (WBD) on Tuesday reported first-quarter net...

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. The New York-based company said it had net income of 69 cents per share.

Streaming video has had its ups and downs lately, especially after Netflix (NFLX) showed off its earnings for the last quarter. Warner Bros.

Not giving the platform so much as one entire quarter to gain ground can make Warner Bros. Discovery look indecisive and wasteful. However, Warner has a lot to like in its lineup, and its willingness to change for the sake of shareholders shouldn't be overlooked. Another interpretation, meanwhile, fits with earlier-revealed information: the company is so remarkably decisive that it's willing to go forward with its plans at any cost. It's nicely diversified and most of its businesses are coming back online in full measure. A company that's basically two weeks old doesn't have a lot of time to generate news, but boy, did Warner Bros. Discovery do just that. Retail investors are over the moon for Warner Bros. Discovery stock. Reports noted that the issue was one of strategy; CNN+ simply didn't fit the company's overall strategic plans, and therefore, it was shut down immediately. While early projections had the service up and running nicely with between 100,000 and 150,000 subscribers in its first few weeks, the number of daily active viewers cratered. After all, reports note that Warner Bros. Discovery spent about $100 million to market CNN+, which is better than the costs spent annually to market all of CNN in general. Turning to Wall Street, Warner Bros. Discovery has a Moderate Buy consensus rating. Insider trading results are well known, and a reason to be encouraged. Warner Bros. Discovery ( WBD) is no different.

Discovery's streaming services topped 24 million subscribers in its last quarter before merging with WarnerMedia. CEO David Zaslav vowed not to "overspend ...

“Right or wrong, management has made a decision to invest a lot of the incoming funds into a number of investment initiatives,” Wiedenfels said. The resulting mega service is also expected to feature some content from Warner unit CNN, whose just-launched CNN+ now will close at the end of this week as part of cost-cutting measures. Merging the two services into one offering is expected to require some significant time and technology.

Warner Bros Discovery chief executive David Zaslav has looked to distance his company from Netflix, vowing he would “not overspend to drive subscriber ...

Last week, Warner Bros. Discovery announced that it is shutting down the CNN+ streaming service after only one month, the first major policy move by the ...

On that note, Variety is now reporting that Warner Bros. Discovery has decided to completely stop developing new scripted shows for both TNT and TBS, seemingly putting their existing scripted shows in a precarious position. In other worrying news out of WBD headquarters, the company is forcing employees to return to working in their respective offices with only a week’s notice, which just seems cruel. Last week, Warner Bros. Discovery announced that it is shutting down the CNN+ streaming service after only one month, the first major policy move by the newly merged corporation and an apparent foreshadowing of its desire to make its transition into one big company as violent as possible.

TNT and TBS are moving out of the scripted game under new parent company Warner Bros. Discovery, Variety has learned exclusively.

“2022 will undoubtedly be a messy year,” he said, and Warner Bros. Discovery is looking to “rectify some of the drivers behind the business-case deviations” across the company. Wiedenfels called Warner Bros. Discovery’s very recent decision to shut down the newly launched CNN+ “exhibit A” of that strategy. At TBS, the network’s only remaining scripted shows are the comedies “The Last OG,” “Miracle Workers,” “Chad,” and “American Dad.” Of those, “The Last OG” aired its fourth season in October 2021 with no word on a fifth. “Miracle Workers” aired its third season in July 2021 with a fourth season ordered in November. “Chad” aired its first season in the summer of 2021 with a second season to debut in 2022. TNT has only two scripted shows left on its roster. Those are “Animal Kingdom,” which will end after its sixth season airing in June, and “Snowpiercer.” The latter show was renewed for a fourth season ahead of its third season premiere.