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The Latest Breaking News from DISCA

Discovery Chief Overhauls Leadership After WarnerMedia Acquisition

Discovery, Inc. (NASDAQ:DISCA) CEO David Zaslav picked his lieutenants as senior leaders of the combined group after acquiring WarnerMedia from AT&T Inc (NYSE: T), the Financial Times reports. The $43 billion merger of Warner and Discovery will likely close by April 8. JB Perrette, who has led Discovery's international and streaming businesses, is set to…

Benzinga · Apr 7, 2022

WarnerMedia CEO Departs One Week Before Discovery Merger

AT&T Inc (NYSE:T) WarnerMedia CEO Jason Kilar stepped down before Discovery, Inc (NASDAQ:DISCA) completed the acquisition of WarnerMedia, Variety reports. The transaction will be complete on April 11. The departure was likely as Discovery chief David Zaslav looked to run the combined company, Warner Bros. Discovery. Also Read: AT&T To Spin Off Interest In WarnerMedia…

Benzinga · Apr 5, 2022

Discovery CFO Confirms Merger With WarnerMedia's HBO Max App

Discovery Inc(NASDAQ: DISCA) CFO Gunnar Wiedenfels confirmed its merger with AT&T Inc (NYSE: T) WarnerMedia at the Deutsche Bank 30th Annual Media, Internet, & Telecom Conference, the Verge reports. Wiedenfels looks to bundle the two streaming services (Discovery Plus and HBO Max) into one offering. Wiedenfels believed that combining the two streaming services would better…

Benzinga · Mar 14, 2022

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Disney Explores Cheaper, Ad Supported Tier Of Disney+ Streaming Service

The Walt Disney Co (NYSE:DIS) is launching a cheaper, ad-supported tier of its Disney+ streaming service in the U.S. in late 2022. It also aims to expand internationally in 2023. Disney would be joining the majority of entertainment companies, including AT&T Inc (NYSE:T) WarnerMedia, Discovery Inc (NASDAQ:DISCA), Comcast Corp's (NASDAQ:CMCSA) NBCUniversal, and Paramount Global (NASDAQ:PARA), which have launched ad-supported tiers…

Benzinga · Mar 4, 2022

Will Investors Notice Exciting Sign On Discovery's Chart?

If history is any guide, there may be good fortune ahead for shares of Discovery (NASDAQ:DISCA). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

Benzinga · Mar 3, 2022

Looking Into Discovery's Return On Capital Employed

According to Benzinga Pro data Discovery (NASDAQ:DISCA) posted a 53.81% decrease in earnings from Q3. Sales, however, increased by 1.17% over the previous quarter to $3.19 billion.

Benzinga · Feb 25, 2022

Discovery Stock Falls Post Q4 Results, Clocks 10% Revenue Growth

Discovery Inc (NASDAQ:DISCA) reported fourth-quarter FY21 revenue growth of 10% year-on-year to $3.19 billion, beating the consensus of $3.12 billion. It ended Q4 with 22 million Direct-to-Consumer Subscribers and generated nearly $450 million of Next Generation Revenues. Total U.S. Networks revenues increased 14% Y/Y to $2.03 billion. Total International Networks revenues increased 5%…

Benzinga · Feb 24, 2022

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Here's Why Discovery Shares Are Trading Higher Today

Discovery Inc (NASDAQ:DISCA) (NASDAQ:DISCK) confirmed discussions with BT Group to create a new sports venture in the U.K. by combining its Eurosport business in the U.K. and Ireland with BT Sport. The companies aim for the 50:50 Joint Venture to be operational in 2022, pending a definitive agreement and regulatory approval. The proposed…

Benzinga · Feb 3, 2022

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