CASTING SUBMISSION - Actors & Extras Among them, the integration and repositioning of our global finance organization through which we implemented a number of initiatives to drive efficiency and better support the company's long-term sustainable growth. Warner Bros. Well, one of the big advantages that we have, Brett, is that we have this diversity of content. How much do you feel like is more reflective of some of the underlying trends that just have to do with ratings declines or core cutting and those types of trends? We've contended with recent share shifts away from our portfolio during the NFL and College Football season and the World Cup. Head of the Localization Department at Warner Bros. Games Montreal.<br>Extensive experience in video-game internationalization and localization engineering into +15 languages. 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. Apply Here: NickOnlineOpenCall.nick.com Parents/guardians please email: NickOnlineOpenCall@nick.com for more info. On Friday, AT&T handed off Warner Bros. to Discovery Inc. as part of a $43 billion merger. Table of Contents We see price as a very important second part. And that gives us real optionality in terms of nourishing audience for growth and for reduction in churn and for overall price value. It gives a huge advantage with those tent poles. 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. CNN stands as a premier global news organization, and we wanted to be the place for fact-based reporting and thoughtful discourse that is broader than politics and sport. And where does the WBD fit in that? CAB Castings, LLC. But the other key is that we have the largest TV and motion picture library and we're the biggest producer of quality content in the world. 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. I do believe, as JB said, and we do believe, as a company, that we'll sort of recreate this -- the streaming service, which is ad free, then which -- then there'll be ad-lite. I'll just take a swing at it, Gunnar, you can follow. I have one for David and then one for J.B. or Gunnar. The product will offer compelling content for every member of the household. I believe Warner Bros. TV is the greatest quality maker of content in the world. The sentiment is not terrific. It's not about getting it out quick. This company every year give up the chance for new talents. media commentator focused on TV Production, Consumer Tech, SVOD & Sports Broadcasting . I mean, pot levels in the industry, I think, were down 14% in the quarter. 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. Just what should we expect in terms of '23 versus '22? We see better engagement, better churn, which makes marketing efficiencies come up. We must get it right. And so we're feeling more and more confident about that. Sure. Warner Bros. And I'm very, very glad that we put out some targets in the summer of last year, and we were able to hit those targets. And we were able in the upfront to drive price significantly more than all of our peers. And we could see, for instance, at HBO, the majority of viewership of content on HBO was only 40% of the content. China calls for Russia-Ukraine cease-fire, . We have full command and control of our business, and we are one company now. 53 min read Participants Andrew T. Slabin; EVP of Global Investor Strategy; Warner Bros. Social media explodes and people are calling their family and friends to talk about what they saw. 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. The biggest unknown continues to be in the ad sales environment. We've gone through a couple of the puts and takes here. We have profitable subscribers that are very happy with the product offering of Discovery+, why would we shut that off. Clearly, you still have some macro challenges, but what could go right? Those shows had a supersized effect on people and culture. Turning to the total company EBITDA outlook. No, I was just going to say that as David has said before, I think the industry obviously was at a scale at any cost. We have a lot of points to be very excited about. Yes. And we've also introduced digital advertising on HBO, which advertisers are very excited about being able to be in these marquee shows. 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. There are some opportunities that I'm looking at below deck as we say, but none of that would be baked into this leverage guidance. Studio. So we do see subscriber scale as one part of the revenue growth story. 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. That's the power of streaming. These outcomes will reflect an incremental $2 billion of synergy and transformation efficiency capture, while additional puts and takes to consider include positive revenue inflection in D2C, the broader release slate at Warner Bros. Pictures and Games, balanced by cyclical advertising headwinds. Our next question comes from Michael Morris with Guggenheim Partners. Last year was a year of restructuring. We will always be a little lower maybe than sort of a pure-play D2C product just because of the HBO linear trends that are baked into our revenue number. The studio is the flagship producer of live-action feature films within Warner Bros. 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. Casting call: Warner Brothers feature film "The Curious Incident of the Dog in the Night-Time" by admin Seeking a neurodivergent actor to play lead role The Curious Incident of the Dog in the Night-Time is a Warner Bros. feature film expected Elvis is a 2022 biographical drama film directed by Baz Luhrmann and written by Luhrmann, Sam Bromell, Craig Pearce, and Jeremy Doner.It follows the life of the American rock and roll singer and actor Elvis Presley, told from the perspective of his manager, Colonel Tom Parker.It stars Austin Butler as Presley with Tom Hanks as Parker, while Olivia DeJonge, Helen Thomson, Richard Roxburgh . Our strategy is no sub left behind. SVOD and ad-lite tiers and a significantly enhanced product platform to drive better performance, improved user experience and stronger engagement. All the meetings that I've had in the last two weeks are about great content that we're producing, meeting with creatives that want to come here, how we -- what more shows are we going to be selling, what more shows are we going to be keeping on our platform? They want -- they want to have an opportunity for their content to be seen, to be talked about, and they want to feel respected. Turning to Networks. And curating content so that people can watch it and have a shared experience is a very big piece of the Warner Bros. 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. And to that point, I have no doubt that we have years and years of that coming our way. I think the focus right now is obviously continuing to on the expanded entertainment offering, and we think the complementary of the HBO Max and Discovery+ entertainment offering is significant and will be a major step forward for consumers, who are looking for simplified number of choices, more breadth of options in terms of content all in 1 place and for good value. 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. But I also think we're very well positioned to grow from here. Operator. Such a move has been expected for quite some time, given Warner Bros. And we are excited for Mike and Pam to lead the studio into its next chapter, which in 2023, will see output more than double. Warner Bros. How to Get Cast On How to Get Cast in a DC Comics Movie or TV Show This guide will answer your most pressing questions. Margot Robbie, who plays Barbie, is instantly as Barbie-esque as you could imagine, all blond hair and smiles and bright pink car. I'm especially happy about the development in our D2C segment, where we delivered a marked improvement across a number of key operational KPIs leading to a healthy sequential improvement to financial performance. Warner Bros Pictures Casting 2023 Open Call Dates Roles Check here. And after just 5 weeks, an astounding 35 million people have watched episode 1. We'll definitely -- we're definitely planning for revenue improvement. Discovery CEO David Zaslav wants to redeem his predecessors' failure to rival Disney with its library of intellectual property through an unprecedented focus on tentpole events. We continue to be the place creators are choosing to bring their visions to life. TM & WBEI. Disclaimer: Audition free of cost for more information visit the respective official site. But it's -- we're not going to tell any story before it's done. Warner Bros. Presentation. Participants must have the right to work in the United States or Canada. Reiterating my earlier point, I'm very pleased with where we ended the year and encouraged with our ability to balance choppy macro tides with success in repositioning the company for future growth. 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. So that storytelling IP. I'm just wondering if you can talk about some of these assumptions. And we hit this year with a full leadership team in place. Here we have mentioned the name of the founder below here on page read it carefully. Delivering the latest news and official products from the Wizarding World and our partners. Having said that, we closed this deal right before the upfront, and we're first bringing our teams together. The poor actors and directors of the . If you look at The Last Of Us, it was growing every week, Euphoria, to be able to deliver 20 million, 30 million, 35 million people in America watching and to have it be a conversation. WIZARDING WORLD Publishing and Theatrical Stage Rights J.K. Rowling. On the one hand, we have tremendous breadth with live news, live sports, entertainment, nonfiction, a tremendous share and reach. Is there -- what are you considering? With that, I'll turn it over to Gunnar, and he'll walk you through the financials for the quarter. Discovery, Q4 2022 brought a hefty price: A net loss of USD 2.1 billion due to declining ad sales revenue figures. He presented that to you and the press about a month ago. Kathleen is doing a lot of work, getting the enormous value of our library on screen. Casting Australia (@warnerbroscastingau) 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. December 13, 2021. We took bold decisive action over the last 10 months and the bulk of our restructuring is behind us. Warner Bros. Pictures is a famous and popular American film production and distribution division of Warner Bros. Entertainment, which is owned by Warner Bros. "We are looking for: single women and men between the ages of 23-35," the official Warner Bros casting call reads. And with that, I am pleased to turn the call over to David. Yes. You have so many hidden assets within the company. Please. The efforts ongoing enterprise-wide are helping to turn the flywheel and grow and improve our businesses, and we see so much opportunity ahead. View this post on Instagram 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. While visibility remains limited, we are seeing revenue trends very modestly improving sequentially in certain pockets. And once we establish this funnel, then we can take things like the first season of succession or the second season. Partially offsetting revenue headwinds were lower content expenses, distribution fees and marketing costs. Really trying to understand how much of the ad impact that you're seeing is kind of coming from the macro environment? I'll talk more about that in a minute. 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. WarnerMedia Equity + Inclusion announces the WarnerMedia Access Talent Spotlight, a new talent training program for aspiring actors looking for professional development and resources. Our next question SP1 Comes from Robert Fishman with SVB MoffettNathanson. Of course, the other stipulations include being "willing and available" to film for the duration of the series which could be as long as 12 weeks and will commence around mid-June to mid-August of 2021. 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. Is that -- it sounds like you guys have, on the one hand, a lot of new programs, a lot of new movies and a lot of new initiatives; but at the same time, pulling some content on the floor. Many of those people are going to want to move up to a bigger product, more robust with a bigger offering. And why should we need to monetize that in order to drive shareholder value. Warner Bros. You also hear a bigger discussion around how you decide when something should be exclusive to your platforms and when maybe you should be licensing. And so I think of the investments that you make in live sports content on Turner, live content on CNN, are those types of things definitely are or they structurally not able to be put on the service? We can put that down on our AVOD service. It's not about getting it out for a certain date. Warner Bros. Warner Bros. Television Group has more than 110 shows currently in production across our own platforms as well as third-party broadcast, cable and streaming outlets, including Emmy Winners, Ted Lasso and Abbott Elementary. Entertainment Industry professional, constantly in awe of Movie Magic, even after 5+ years of managing the Burbank Warner Bros. Global core subscribers increased 1.1 million sequentially and 10 million year-on-year, while global ARPU increased as well modestly to $7.58. We've been hard at work since our last call and look forward to updating you on our progress. That's the power of curation. Q4 revenue growth of 6% against the 12% decrease in combined operating expenses led to a significantly reduced EBITDA loss of roughly $200 million, a $500-plus million improvement year-over-year, notwithstanding a largely content-driven 6% increase in cost of revenue. Discovery to Merge Streaming Services James Gunn, and Peter Safran were Appointed to Be Executives of DC Studios 'Stranger Things' Caleb McLaughlin Says He Wants to Place 'Static Shock' Margot Robbie on Lady Gaga Cast to Play Harley Quinn in 'Joker 2' The 50 Best Movies of 2022, According to 165 Critics from . Maybe help us think about the levers you have and your expectations around top line over the next few years? Internationally, as I've said before, we look at our pricing is significantly under where we think the market is. 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. It's about the sustainability and the longevity the free cash flow being delivered by that segment. Thank Sure. And so we'll keep in mind this balance of volume versus price. 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. And we take advantage of all the content that we have. Though we are assuming that things will get better in the second half. In answering that question, you reiterated something you'd said before, which was an intent to fold the Discovery content into the new product. As you look out to '23, I think Gunnar kind of touched on some of the potential tailwinds, but it sounds like you're walking away from close to $12 billion in EBITDA to maybe low to mid-$11 billion in EBITDA. The program was created to provide undiscovered and underrepresented actors, particularly people with disabilities, Indigenous, MENA, and Trans . If you could share your view on those two impacts, that would be very helpful. Open casting calls are something of a tradition in the Wizarding World. Obviously, successful films will help your Studio segment earnings. And that is what all great talent wants. Q&A session is now closed, which concludes today's conference. And we have high hopes for all of these metrics after the combined product launches to further improve. A year-over-year increase in corporate expenses were due to a number of factors, almost exclusively related to external market factors such as an incremental $120 million related to underlying rates on our securitization facility. Moreover, the exit rate coming out of the fourth quarter lends confidence in continued very strong financial performance thus far in Q1 and into our soon-to-be relaunched D2C offering. As the only studio scaled in gaming, we see it as a meaningful differentiator with substantial opportunity. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City.It was formed after the spin-off of WarnerMedia by AT&T, and its merger with Discovery, Inc. on April 8, 2022.. In every country, they'll leave dinner and they got to go home to view that product that they love. Warner Bros. Ladies and gentlemen, thank you for standing by, and welcome to Warner Bros. The Voice, the #1 most watched unscripted show on network TV. . And consistent with our overall commitment to great storytelling, we delayed the launch to get it right. It's a wow. - David Spade, 'Nothing Personal' 2022. There's been an increasing discussion recently about what the right general entertainment content strategy supposed to be for media companies as your models continue to pivot and become more streaming-centric. And back then, you had to watch the show on Thursday night. We've heard the word curated. On FAST, look, the strategy is, I think, back to some of the questions earlier, at the end of the day, one of the advantages we feel like we have is the question keeps coming up about windowing. With respect to the cadence of free cash flow, as is historically the case for both legacy Discovery and WarnerMedia, Q1 free cash flow will represent the low point for the year given the timing of sports rights payments, timing of content outlays and cash interest payments on a large portion of the acquisition debt. 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. Yes. 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. You do not need to submit this form if you've already submitted to any casting. Number two, partnering with our business leaders to embrace a more rigorous analytical framework through which capital allocation decisions will be viewed, particularly as we refine how our content is monetized and windowed. We want to tell the best stories, share them with the broadest audience possible, and we do that by working together as 1 team, 1 company. Overall, 14% of . But curation, creating content at a time when people can watch it, creating a community conversation. Q4 revenues decreased 9% year-over-year, while adjusted EBITDA decreased 2%, helped by a reduction in consolidated SG&A by 22%, a bit more than we guided to. We're also thrilled by what we're seeing coming out of our games business, which represents a core part of our overall strategy. And when you tell them a great story and they get to experience it with others, either in a packed theater or on a Sunday night, it really is magic. She's also restructured the team with development-focused doers, who are running this portfolio as one integrated portfolio. Participants must be fully vaccinated for COVID-19 and show proof of vaccination. It's just too early to really call a trend change here. Join the Fan Club and bring your traits with you. We are committed to continue executing our strategic initiatives to drive top line performance and with much repositioning behind us, we are beginning to fully lean into the opportunities ahead of us. To that end, linear ad sales is a top priority at the moment, particularly as we balance both cyclical headwinds and ongoing secular challenges, much of which we've dealt with for the last several years. Games & Home entertainment faced difficult year-over-year comps as well due to last year's COVID-induced tailwind for library content. Channing is the best example of that. 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. We do expect the cash cost to achieve synergy and transformation efforts will be around the higher end of our $1 billion to $1.5 billion guide given the expanded synergy target, some of which possibly hitting in 2024. We can take you into the theater around the world. 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. DC Comics. Some of them we may find we need to adjust, but we feel really good about where we are, and we're accelerating forward. Looking for Pottermore? If there is interest in pursuing an application further, the applicant will hear back within 14 days of their original submission. And at the end of the day, the consumer is at a point in time where they want more choice and better breadth of choice from fewer services, because they just don't have either share of wallet to be able to spending on five, six, seven services anymore. Clearly, as we have pointed out as a key risk since the summer, underlying advertising trends, particularly in the U.S., have continued to soften through the fourth quarter, and that was further exacerbated by general entertainment audience declines.
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