Discovery, Inc.
NasdaqGS:DISC.A
$ 11.95
+ $0.45 (3.91%)
$ 11.95
+ $0.45 (3.91%)
End-of-day quote: 10/03/2022

Discovery Stock

About Discovery

Warner Bros. Discovery, Inc. operates as a media company worldwide.

The company provides content across multiple distribution platforms, including linear platforms, such as pay-television (pay-TV), free-to-air (FTA) and broadcast television, authenticated GO applications, digital distribution arrangements, content licensing arrangements and direct-to-consumer (DTC) subscription products.

As a major pay-TV programmer, the company provides original and purchased content and live events to approximately 3.5 billion cumulative subscribers and viewers worldwide through networks that the company wholly or partially owns. The company distributes customized content in the U.S. and approximately 220 other countries and territories in approximately 50 languages.

Segments

The company operates through two segments, U.S. Networks and International Networks.

U.S. Networks Discovery share price history

This segment principally consists of national television networks. The company’s U.S. Networks segment owns and operates 16 national television networks, including fully distributed television networks, such as Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel and Animal Planet. In addition, the company operates various U.S. Networks, such as MotorTrend, DIY Network (which converted to the Magnolia Network in January 2022), Science, Discovery Family, American Heroes Channel, Destination America, Discovery Life, Cooking Channel and OWN. In 2021, it also provided authenticated U.S. TV Everywhere (TVE) streaming products that are available to pay-TV subscribers and connect viewers through its GO applications with live and on-demand access to shows and series from 16 U.S. networks in the Discovery portfolio and from Discovery Familia and Discovery en Español. Furthermore, the company provides certain networks to consumers as part of subscription-based over-the-top services provided by DirectTV Stream, AT&T Watch, Hulu + Live, SlingTV, fuboTV, and YouTube TV.

This segment generates revenues from fees charged to distributors of the company’s television networks’ first run content, which includes cable, DTH satellite and telecommunication service providers, referred to as affiliate fees; fees from distributors for licensed content and content to equity method investee networks, referred to as other distribution revenue; fees from advertising sold on its television networks and digital products, which include discovery+, its GO suite of TVE applications and other DTC subscription products; fees from providing sales representation, network distribution services; and revenue from licensing its brands for consumer products.

The company’s television networks are aired pursuant to multi-year carriage agreements that provide for the level of carriage that its networks would receive and for annual graduated rate increases. Carriage of the company’s networks depends on package inclusion, such as whether networks are on the primarily distributed, packages or lesser-distributed, specialized packages, also referred to as digital tiers. Certain of the company’s DTC products, including the recent launch of its aggregated discovery+ service in January 2021, provide dual revenue streams.

International Networks

This segment principally consists of national and pan-regional television networks and brands that are delivered across various distribution platforms. This segment generates revenue from operations in virtually various pay-TV markets in the world through an infrastructure that includes operational centers in London, Amsterdam, Paris, New Delhi, Warsaw, and Miami. Global brands include Discovery Channel, Food Network, HGTV, Animal Planet, TLC, ID, Science and MotorTrend (known as Turbo outside of the U.S.), along with brands exclusive to International Networks, including Eurosport, Discovery Kids, DMAX, Discovery Home & Health, and TVN. As of December 31, 2021, International Networks operated distribution feeds in approximately 50 languages with channel feeds customized according to language needs and advertising sales opportunities. International Networks also has FTA and broadcast networks in Europe, and continues to pursue further international expansion.

FTA and broadcast networks generate a significant portion of International Networks' revenue. International Networks has an international distribution platform with approximately 80 networks, with 23 networks distributed in various particular countries or territories across approximately 220 countries and territories worldwide. International Networks pursues distribution across various television platforms based on the specific dynamics of local markets and relevant commercial agreements.

dplay, the company’s real-life entertainment streaming service, is rebranded to its new global streaming service, discovery+. The remainder of the dplay markets, including the U.K., Ireland, the Nordics, Italy, Spain, the Netherlands and Brazil followed in 2021. The company expanded its DTC offerings in 2021 by utilizing its library of local-language content, as well as its portfolio of live sports. Eurosport’s existing streaming service, Eurosport Player, offers localized sports to fans in Europe. This service is expected to continue to be available until discovery+ launches in each market and Eurosport Player's content is integrated onto the service in those markets.

In Germany, the company is a partner with ProSiebenSat.1 Media SE in the streaming joint venture, Joyn, which offers a collection of free and pay TV content, including series, documentaries, media libraries and sports content from ProSiebenSat.1 Media SE, the company, and other content partners, all bundled on one platform.

As of September 2020, the company realigned its International Networks management reporting structure. As a result, Australia and New Zealand, which were previously included in the Europe reporting unit, are included in the Asia-Pacific reporting unit.

Network Brands

As used herein, a ‘subscriber’ is a single household that receives the applicable network from its cable television operator, direct-to-home (DTH) satellite operator, telecommunication service provider, or other television provider, including those who receive the company’s networks from pay-TV providers without charge pursuant to various pricing plans that include free periods and/or free carriage. The term ‘cumulative subscribers’ refers to the sum of the total number of subscribers to each of the company’s networks or content services. The term ‘viewer’ is a single household that receives the signal from one of the company’s networks using the appropriate receiving equipment without a subscription to a pay-TV provider. The company’s brands include the following:

Discovery

Discovery Channel had approximately 81 million subscribers in the U.S. as of December 31, 2021. Discovery Channel had approximately 266 million cumulative subscribers and viewers in international markets as of December 31, 2021.

Discovery Channel creates non-fiction content that informs and entertains its viewers about the world in all its wonder, diversity and amazement. The network offers a mix of production values and cinematography across genres, including science and technology, exploration, adventure, history and behind-the-scenes glimpses at the people, places and organizations that shape and share the company’s world.

In the U.S., Discovery Channel audiences could focus their programming through the Discovery GO app, which features live and on-demand access.

Discovery Channel content is led by various franchises, such as Gold Rush, Street Outlaws, Deadliest Catch, Moonshiners, Expedition Unknown, BattleBots, and Naked & Afraid. It is also known for its blue-chip and natural history specials, such as Serengeti; and is home to Shark Week, the network's annual summer TV event.

Target viewers are adults in the 25 to 54 age range, particularly men.

HGTV

HGTV had approximately 82 million subscribers in the U.S. and approximately 176 million subscribers and viewers in international markets as of December 31, 2021.

HGTV programming content attracts audiences interested specifically in home/lifestyle related topics, including real estate, renovation, restoration, decorating, interior or landscape design and fantasy lifestyles, as well as docu-series and reality competitions focused on those genres.

In the U.S., HGTV audiences could focus their programming through the Discovery GO app, which features live and on-demand access.

Content on HGTV includes Home Town, Home Town Takeover, Flip or Flop, Christina on the Coast, Flipping 101, Love It or List It, Tough Love with Hilary Farr, Celebrity IOU, Property Brothers: Forever Home, Fixer to Fabulous, House Hunters, My Lottery Dream Home, Good Bones, Unsellable Houses, and Rock the Block.

Target viewers are adults with higher incomes in the 25 to 54 age range, particularly women.

Food Network

The company’s primarily distributed ad-supported cable network in the U.S., Food Network had approximately 82 million subscribers in the U.S. and approximately 112 million subscribers and viewers in international markets as of December 31, 2021.

Food Network programming content attracts audiences interested in food-related entertainment, including competition and travel, as well as food-related topics, such as recipes, food preparation, entertaining, and dining out.

In the U.S., Food Network audiences could focus on their favorite programming through the Discovery GO app, which features live and on-demand access, as well as on the Food Network Kitchen app.

Content on Food Network includes primetime series Beat Bobby Flay, BBQ Brawl, Chef Boot Camp, Chopped, Diners, Drive-Ins and Dives, The Great Food Truck Race, Guy’s Grocery Games, Restaurant: Impossible, Worst Cooks in America, and various seasonal baking championships, such as Christmas Cookie Challenge, Halloween Baking Championship, Halloween Wars, Holiday Baking Championship, Holiday Wars, Spring Baking Championship and more, as well as daytime series Barefoot Contessa, Delicious Miss Brown, Girl Meets Farm, Guy's Ranch Kitchen, The Kitchen, The Pioneer Woman, Simply Giada, Trisha’s Southern Kitchen, Tournament of Champions, and Valerie's Home Cooking.

Target viewers are adults with higher incomes in the 25 to 54 age range, particularly women.

TLC

TLC had approximately 80 million subscribers in the U.S. and 5 million subscribers in Canada that are included in the U.S. Networks segment as of December 31, 2021. TLC content had approximately 357 million cumulative subscribers and viewers in international markets as of December 31, 2021, including the Home & Health and Real Time brands.

Offering real-life stories without judgment, TLC shares everyday heart, humor, hope, and human connection with programming genres that include fascinating families, heartwarming transformations, and life's milestone moments.

In the U.S., TLC audiences could focus on their programming through the Discovery GO app, which features live and on-demand access.

Content on TLC includes the 90 Day Fiance franchise, Sister Wives, I Am Jazz, Dr. Pimple Popper, 1,000-lb Sisters, Welcome to Plathville, Doubling Down with the Derricos, I am Shauna Rae, 7 Little Johnstons, My Big Fat Fabulous Life, Little People Big World, Unexpected, I Love a Mama's Boy, My 600-lb Life, and My Feet Are Killing Me.

Target viewers are adults in the 25 to 54 age range, particularly women.

Animal Planet

Animal Planet had approximately 79 million subscribers in the U.S. and approximately 178 million subscribers and viewers in international markets as of December 31, 2021.

Animal Planet creates content that keeps the childhood wonder of animals alive by showcasing their stories and the people that work with them.

In the U.S., Animal Planet audiences could focus on their programming through the Animal Planet GO app, which features live and on-demand access.

Content and talent on Animal Planet include Crikey! It's the Irwins, The Zoo, Mysterious Creatures with Forrest Galante, The Zoo: San Diego, Pit Bulls & Parolees, Dr. Jeff: Rocky Mountain Vet, North Woods Law and Lone Star Law. Animal Planet is also home to Puppy Bowl, an animal adoption event on television.

Target viewers are adults in the 25 to 54 age range.

Investigation Discovery (ID)

ID had approximately 81 million subscribers in the U.S. and approximately 90 million subscribers and viewers in international markets as of December 31, 2021.

ID is a major crime, mystery and suspense network. From investigations to riveting mysteries, ID challenges the company’s everyday understanding of culture, society and the human condition.

In the U.S., ID audiences could focus on their programming through the Discovery GO app, which features live and on-demand access.

ID content includes On the Case with Paula Zahn, American Detective with Lt. Joe Kenda, In Pursuit with John Walsh, Evil Lives Here and Bodycam.

Target viewers are adults in the 25 to 54 age range, particularly women.

Travel Channel

Travel Channel had approximately 79 million subscribers in the U.S. and approximately 46 million subscribers and viewers in international markets as of December 31, 2021.

Travel Channel is for the bold, daring and spontaneous adventurers who embrace the thrill of the unexpected, risk-takers who aren’t afraid of a little mystery.

In the U.S., Travel Channel audiences could focus on their programming through the Discovery GO app which, features live and on-demand access.

Content on Travel Channel includes Ghost Adventures, Destination Fear, Eli Roth Presents: A Ghost Ruined My Life, Expedition Bigfoot, Ghost Brothers: Lights Out, Kindred Spirits, Portals to Hell, and Paranormal Caught on Camera.

Target viewers are adults in the 25 to 54 age range.

MotorTrend

MotorTrend had approximately 75 million subscribers in the U.S. and approximately 152 million subscribers and viewers in international markets, where the brand is known as Turbo, as of December 31, 2021.

Programming on MotorTrend TV and the MotorTrend+ App, a subscription streaming service dedicated to the motoring world, featuring the automotive world.

MotorTrend+ offers approximately 8,000 episodes of automotive series and specials, including the Top Gear America, Top Gear, the Nascar 2020: Under Pressure, Kevin Hart’s Muscle Car Crew, Motor Mythbusters, Wheeler Dealers, Roadkill, Bitchin’ Rides, Iron Resurrection, and Texas Metal.

In the U.S., MotorTrend TV audiences could focus on their MotorTrend programming through the Discovery GO app, which features live and on-demand access and on discovery+, the company’s subscription streaming service.

Target viewers are adults in the 25 to 54 age range, particularly men.

Oprah Winfrey Network (OWN)

OWN had approximately 70 million subscribers in the U.S. as of December 31, 2021.

OWN is a destination for scripted and unscripted programming from storytellers, with series, such as Queen Sugar, Love & Marriage: Huntsville, Ready to Love, and upcoming dramas The Kings of Napa and All Rise.

Target viewers are African-American adults in the 25 to 54 age range, particularly women.

Eurosport

Discovery Sports represents the company’s international portfolio of sports businesses, brands, channels, and platforms.

Eurosport is a household name for live sports entertainment across various platforms, showcasing sporting events with both regional and pan-regional appeal. Viewers in Europe could focus on live-action events, including coverage of cycling's Grand Tours, all four Grand Slam tennis tournaments, as well as various International Ski Federation World Cup and World Championship event during the winter sports season. It reaches various viewers across Europe and Asia via Eurosport 1, Eurosport 2, the network's DTC streaming service, Eurosport Player, ahead of its move to discovery+ in all of its markets, and Eurosport.com, an online sports news and video website reaching approximately 50 million users per month.

As of December 31, 2021, subscribers and viewers for Eurosport 1 included 192 million and Eurosport 2 included 77 million.

Eurosport offers live and on-demand streaming on discovery+ and began integrating Eurosport’s streaming offer in Europe in 2021 and would continue across the continent in step with the continued international roll out of discovery+.

DMAX

DMAX had approximately 138 million subscribers and viewers as of December 31, 2021.

DMAX is a men’s factual entertainment channel in Asia and Europe.

Discovery Kids

Discovery Kids had approximately 104 million subscribers and viewers, according to internal estimates as of December 31, 2021.

Discovery Kids is a major pre-school network of Pay TV in Latin America.

TVN

TVN operates a portfolio of free-to-air and pay-TV lifestyle, entertainment, and news networks in Poland, including TVN, TVN7, TTV, HGTV, TVN24, TVN Style, TVN Turbo, TVN24 BiS, TVN Fabu³a, Travel Channel, Food Network, iTVN and iTVNExtra.

The TVN portfolio, excluding HGTV, Travel Channel and Food Network, had approximately 86 million cumulative subscribers and viewers as of December 31, 2021.

Content Development

The company’s content is sourced from a range of third-party producers, which include various major nonfiction production companies, as well as independent producers and wholly-owned production studios.

The company’s production arrangements fall into three categories, including produced, coproduced and licensed. Produced content includes content that the company engages third parties or wholly-owned production studios to develop and produce. It retains editorial control and owns majority or all of the rights, in exchange for paying all development and production costs. Coproduced content refers to program rights on which the company has collaborated with third parties to finance and develop either because world-wide rights are not available for acquisition or it saves costs by collaborating with third parties. Licensed content includes films or series that have been produced by third parties and where the company does not own the rights. Payments for sports rights made in advance of the event are recognized as prepaid content license assets.

International Networks improves the use of content from the company’s U.S. Networks. The company’s content could be re-edited and updated in a manner to provide topical versions of subject matter that could be utilized worldwide. International Networks executes a localization strategy by offering content from U.S. Networks, customized content and localized schedules via its distribution feeds. While its International Networks segment maximizes the use of content from U.S. Networks, the company also develops local content that is tailored to individual market preferences and licenses the rights to air films, television series and sporting events from third-party producers.

Regulatory Matters

Content networks, such as those owned by the company, are regulated by the Federal Communications Commission, including various regulations that only apply to content networks affiliated with a cable television operator.

The company’s digital services are subject to federal and state regulation in the U.S. relating to the privacy and security of personal information collected from its users, including laws pertaining to the acquisition of personal information from children under 13, such as the federal Children's Online Privacy Protection Act and the federal Controlling the Assault of Non-Solicited Pornography and Marketing Act, and that impose data security and security breach obligations on the company. These laws are continually evolving, with robust new data protection frameworks having been introduced during the past few years in both the U.S. and international markets, such as the California Consumer Privacy Act (CCPA), the E.U. General Data Protection Regulation (GDPR), and Brazil’s General Data Protection Law.

History

Warner Bros. Discovery Inc. was founded in 1985.

Country
Founded:
Data Unavailable
IPO Date:
09/18/2008
ISIN Number:
I_US9344231041

Contact Details

Address:
230 Park Avenue South, New York, New York, 10003, United States
Phone Number
212 548 5555

Key Executives

CEO:
Zaslav, David
CFO
Wiedenfels, Gunnar
COO:
Data Unavailable

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