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In his first earnings report since an April merger created one of the largest media companies in the U.S., on Aug. 4 Warner Bros. Discovery (WBD) CEO David Zaslav announced plans to combine HBO Max...
Moody's Investors Service ("Moody's") says Discovery Inc.'s (Discovery or the Company, Discovery Communications, LLC rated Baa3 stable) launch of a global streaming service, Discovery+, is credit ...
Analysts did generally acknowledge that the streaming service will bring significant heft when it launches on January 4. “Given that Discovery did not provide long-term financial targets” on ...
Discovery+ became a sister service to WarnerMedia's HBO Max following their merger in April 2022. HBO Max was relaunched as Max the following year, adding Discovery content to its library. While WBD originally planned to discontinue Discovery+ in favor of Max, the company elected to continue offering Discovery+ because it was still profitable. [3]
On May 13, 2024, the CRTC approved an "exceptional" request from Corus to reduce its mandatory expenditures into programs of national interest (PNI) from 8.5% to 5% of revenue, in order to help offset its loss of Shaw community television expenditures for local news in metropolitan markets (which was reallocated from Corus's Global stations to ...
He also noted that WBD may prioritize launching Discovery+ and HBO Max as a unified platform in markets where Discovery+ has yet to launch, such as another parts of the Asia-Pacific. [24] On March 14, 2022, Discovery CFO Gunnar Wiedenfels—who would assume the same position post-merger—confirmed that such a transition was a long-term goal. [25]
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Discovery, Inc. was an American multinational mass media factual television conglomerate based in New York City.Established in 1982, the company operated a group of factual and lifestyle television brands, such as the namesake Discovery Channel, Animal Planet, Science Channel, and TLC.