Tag: Discovery Inc.

Discovery, Inc. is slated to launch the new free-to-air channels eden and Rush on March 21 in New Zealand.

Discovery, Inc. ended 2021 with 22 million paying direct-to-consumer subscribers and full-year revenues of $12.2 billion, a 14 percent gain.

In conversation with author and The New Yorker writer Ken Auletta at the Paley International Council Summit this morning, David Zaslav, the president and CEO of Discovery, Inc., discussed the pending WarnerMedia merger, the importance of scale and IP and finding success in the global streaming landscape.

Discovery and WarnerMedia are merging, with David Zaslav set to lead the combined company.

First-quarter revenues at Discovery, Inc. rose by 4 percent to $2.8 billion, with distribution revenue gains in the U.S. and improved ad revenues internationally.

While total revenues slipped by 4 percent to $2.6 billion in the third quarter at Discovery, Inc., net income rose by 15 percent to $300 million.

New Zealand’s MediaWorks has agreed to sell its TV operations to Discovery, Inc., with the transaction set to be complete by the end of the year.

Overall revenues at Discovery, Inc. fell by 12 percent to $2.5 billion in the second quarter, with net income dropping by 71 percent to $271 million.

Total revenues at Discovery, Inc. were down 1 percent to $2.7 billion, with net income down 2 percent to $377 million.

Discovery Inc. has reported a rise in net income to $262 million for Q3 2019, compared with a year-ago profit of $117 million.