Discovery, Inc., a media company, provides content across various distribution platforms in approximately 50 languages worldwide. It operates in two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, HGTV, Food Network, TLC, Animal Planet, Investigation Discovery, Travel Channel, Science, MotorTrend, Discovery en Español, Discovery Familia, Eurosport, TVN, Discovery Kids, Discovery Family, American Heroes Channel, Destination America, Discovery Life, DIY Network, Cooking Channel, Great American Country, ID, the Oprah Winfrey Network, Eurosport, DMAX, and Discovery Home & Health brands, as well as other regional television networks. Its content spans genres, including survival, natural history, exploration, sports, general entertainment, home, food, travel, heroes, adventure, crime and investigation, health, and kids. The company also operates production studios that develop and produce content; and digital products and Websites. It provides content through various distribution platforms comprising pay-television, free-to-air and broadcast television, authenticated GO applications, digital distribution arrangements, content licensing agreements, and direct-to-consumer subscriptions, as well as various platforms that include brand-aligned Websites, online streaming, mobile devices, video on demand, and broadband channels. The company was founded in 1985 and is headquartered in Silver Spring, Maryland.
IPO Year:
Exchange: NASDAQ
Website: corporate.discovery.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/7/2022 | $34.00 → $45.00 | Neutral → Buy | B of A Securities |
| 11/8/2021 | $33.00 → $40.00 | Neutral → Outperform | Macquarie |
| 11/8/2021 | Neutral → Outperform | Macquarie | |
| 11/1/2021 | $28.00 → $26.00 | Underperform → Market Perform | Bernstein |
| 11/1/2021 | Underperform → Mkt Perform | Bernstein | |
| 10/18/2021 | $35.00 → $30.00 | Equal-Weight | Barclays |
| 9/9/2021 | $30.00 | Neutral | Arete Research |
Former Senior VP of Corporate Communications at Lions Gate Entertainment to further strengthen corporate governance SAN DIEGO, CA / ACCESSWIRE / February 23, 2021 / KULR Technology Group Inc. (OTCQB:KULR) (the "Company" or "KULR"), a leading developer of next-generation thermal management technologies, today announces that Dr. Joanna D. Massey is joining the Company as an independent director. Dr. Massey brings to KULR decades of experience relevant to the Company's near and long-term growth strategies. "I am pleased to welcome Dr. Massey to the KULR team," stated KULR Chief Executive Officer Michael Mo. "She is deeply experienced in corporate social responsibility, reputation management
B of A Securities upgraded Discovery from Neutral to Buy and set a new price target of $45.00 from $34.00 previously
Macquarie upgraded Discovery from Neutral to Outperform and set a new price target of $40.00 from $33.00 previously
Macquarie upgraded Discovery from Neutral to Outperform
Bernstein upgraded Discovery from Underperform to Market Perform and set a new price target of $26.00 from $28.00 previously
Bernstein upgraded Discovery from Underperform to Mkt Perform
Barclays reiterated coverage of Discovery with a rating of Equal-Weight and set a new price target of $30.00 from $35.00 previously
Arete Research initiated coverage of Discovery with a rating of Neutral and set a new price target of $30.00
MoffettNathanson downgraded Discovery from Buy to Neutral and set a new price target of $37.00 from $51.00 previously
Citigroup upgraded Discovery from Neutral to Buy and set a new price target of $44.00 from $40.00 previously
Barclays upgraded Discovery from Underweight to Equal Weight and set a new price target of $35.00 from $34.00 previously
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Nearly four years after fighting a hard battle to acquire WarnerMedia and accelerating its foray into the media business, AT&T (NYSE:T) has gone back to its roots to focus on being a telecommunications company. On April 8, AT&T completed the spin-off of 100% of its interest in WarnerMedia, which owns subscription service HBO Max and film production company Warner Bros., and merged it with Discovery Inc. (NASDAQ:DISCA) to form a mega-streaming platform to better take on giants like Netflix (NASDAQ:NFLX), Apple’s (NASDAQ:AAPL) Apple TV, and Disney+ and Hulu by Walt Disney (NYSE:DIS). Foray into media services AT&T completed its $85.4 billion acquisition of WarnerMedia, formerly Time Warner,
https://thestreamable.com/news/report-hbo-max-passes-disney-plus-hulu-in-us-marketshare
AT&T Inc (NYSE:T) CEO John Stankey saw inflation prompting him to raise prices for some core services while it continues to cut costs after getting out of the media business, the Wall Street Journal reports. Stankey saw a potential economic downturn, making its shares more attractive to investors looking for a business that performs well during such a slowdown. The wireless and broadband company completed the planned separation of its film-and-TV empire into Warner Bros Discovery. AT&T shareholders will get a 71% stake in the new entity, helmed by Discovery, Inc. - Series A (NASDAQ:DISCA) David Zaslav. WSJ noes that AT&T looked to use most of the $39 billion cash from its media sale to
https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20220407-1451476/1451476_attspinwbd5.pdf
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 run the streaming businesses of the combined Warner-Discovery. Also Read: AT&T To Spin Off Interest In WarnerMedia To Its Shareholders, Discovery CFO Confirms Merger With WarnerMedia's HBO Max App Kathleen Finch, another Discovery executive, will run the television channels, including TBS and TNT. Discovery's CFO will hold the equiva
-Reuters
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 To Its Shareholders, Discovery CFO Confirms Merger With WarnerMedia's HBO Max App Kilar became the CEO of WarnerMedia in April 2020, just as it looked to launch the streaming service HBO Max. Kilar's regime saw extensive executive shuffling and layoffs as it looked to reorient itself to fit a more streaming-centric future
-Reuters citing tweet from CNN reporter
A streaming giant is expanding its coverage of sports leagues with a new docuseries set to follow an international sport that could gain in popularity in the U.S. with the additional coverage. What Happened: Netflix Inc (NASDAQ:NFLX) will film a docuseries based on the Tour de France cycling race. The series will be filmed during the 2022 cycling competition and follow eight teams. “We are very proud to unveil new aspects of the emblematic Tour de France. This is a unique opportunity to dive into the stories of its inspiring characters!” said Netflix manager of EMEA unscripted series for France Dolores Emile. Netflix will release the docuseries in eight episodes in the first quarter of 20
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Combination of Discovery and WarnerMedia Creates Warner Bros. Discovery, Global Leader in Entertainment and Streaming Warner Bros. Discovery to Begin Trading on the Nasdaq as "WBD" on Monday, April 11 Today Discovery, Inc. and AT&T Inc.* ((T) announced that they have closed their transaction to combine the WarnerMedia business with Discovery. The combination creates a premier standalone global media and entertainment company, Warner Bros. Discovery, Inc., which will begin trading on the Nasdaq with the start of trading on Monday, April 11, under the new ticker symbol "WBD." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202204080
AT&T expects to close the transaction in April, second quarter dividend on common stock, payable in May, has been set according to previously announced updated dividend policy Today AT&T Inc.* ((T) announced that it has declared a stock dividend to effect the spin-off of 100% of AT&T's interest in WarnerMedia to AT&T's shareholders. The record date for the stock dividend is the close of business on April 5, 2022. This stock dividend is in connection with the previously announced transaction to combine AT&T's WarnerMedia business with Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))). On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-f
Board designees announced in anticipation of the Q2 closing of the Discovery, Inc. and WarnerMedia combination Designees will bring deep media industry expertise, extensive qualifications, and diverse experience Samuel A. Di Piazza to become Board Chair NEW YORK, March 15, 2022 /PRNewswire/ -- Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))) today announced the full slate of director designees for the combined company, Warner Bros. Discovery, Inc. ("WBD"). The directors will be elected and begin serving on the WBD Board effective at the closing of the proposed combination of Discovery, Inc. and WarnerMedia, which is expected to occur early in the second quarter of 2022.
NEW YORK, March 11, 2022 /PRNewswire/ -- Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))) today announced that the Company's stockholders have approved various matters relating to the acquisition of WarnerMedia from AT&T to create Warner Bros. Discovery, Inc., a premier, global entertainment company. The transaction will bring together WarnerMedia's premium entertainment, sports and news assets with Discovery's leading nonfiction and international entertainment and sports businesses. At the Special Meeting of Discovery Stockholders held earlier today, based on estimated prelimin
NEW YORK, March 9, 2022 /PRNewswire/ -- Discovery, Inc. ("Discovery" or the "Company") (NASDAQ:DISCA, DISCB, DISCK))) announced today that Magallanes, Inc. ("Spinco"), a wholly-owned subsidiary of AT&T Inc. ("AT&T"), priced an offering of $30.0 billion aggregate principal amount of senior unsecured notes, comprised of the following tranches (collectively, the "Notes"): $1.75 billion aggregate principal amount of its 3.428% Senior Notes due 2024, $500.0 million aggregate principal amount of its 3.528% Senior Notes due 2024, $1.75 billion aggregate principal amount of its 3.638% Senior Notes due 2025, $500.0 million aggregate principal amount of its 3.788% Senior Notes due 2025, $4.0 billion a
NEW YORK, March 9, 2022 /PRNewswire/ -- Discovery (NASDAQ:DISCA, DISCB, DISCK))) today announced that Chief Financial Officer Gunnar Wiedenfels will present at Deutsche Bank's 30th Annual Media, Internet, & Telecom Conference in Palm Beach, Florida on Monday, March 14, 2022 at 8:05 a.m. ET. A link to the live webcast of the presentation will be available in the "Investor Relations" section of Discovery's website at https://corporate.discovery.com/. There will not be a replay of this presentation. About Discovery:Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))) is a global leader in real life entertainment, serving a passionate audience of superfans around the world with content that inspir
NEW YORK, Feb. 28, 2022 /PRNewswire/ -- Discovery, Inc. today announced its plans to appoint Chris Licht as the new chairman and chief executive officer of CNN Global. The appointment will be effective following the completion of Discovery, Inc.'s acquisition of WarnerMedia, expected in early 2Q. Licht has spent more than 20 years in broadcast news and currently serves as executive vice president of special programming at CBS. He has created, led and strengthened award-winning news and entertainment shows and programming, including "The Late Show with Stephen Colbert," "CBS T
NEW YORK, Feb. 24, 2022 /PRNewswire/ -- Discovery, Inc. ("Discovery" or the "Company") (NASDAQ:DISCA, DISCB, DISCK))) today reported financial results for the quarter and year ended December 31, 2021. David Zaslav, President and Chief Executive Officer of Discovery said, "2021 was by all measures an exceptional year for our company, in which we achieved significant operational, financial, and strategic objectives. We grew our global DTC paying subscribers to 22 million, a tailwind for our strong distribution revenue growth of 11%, while global advertising revenues grew 10% due to continued strength in our key markets and share gains. Additionally, we ended the year with nearly $4 billion of
New paid streaming subscribers for Beijing 2022 exceed PyeongChang 2018 by almost 50% Over 1 billion streaming minutes consumed across discovery+ and Eurosport subscription services Discovery's average linear TV audiences, both free-to-air and Eurosport, remain resilient and in line with PyeongChang 2018, despite an overall 10% reduction in total TV usage since 2018 Over half of new Olympic subscribers also enjoyed discovery+'s entertainment content, meaningfully enhancing subscriber lifetime value LONDON, Feb. 23, 2022 /PRNewswire/ -- Discovery has reported record Olympic Winter Games viewership and engagement on its digital platforms, as the household appeal of discovery+ drove significan
- Total streaming viewers for Beijing 2022 surpassed PyeongChang 2018 after only four days of competition. - New paid streaming subscribers for Beijing 2022 pass those acquired for the entire last Winter Olympic Games. - Eight times more viewers streaming content compared to the same period for PyeongChang 2018. - Eurosport's average linear audiences remain strong and are in line with the last Olympic Winter Games, despite total TV usage being down more than 10 percent since 2018. BEIJING and LONDON, Feb. 14, 2022 /CNW/ -- The opening week of competition at Olympic Winter Games Beijing 2022 has driven massive increases in engagement on discovery+ and Eurosport digital services, as well as
Combination of Discovery and WarnerMedia Creates Warner Bros. Discovery, Global Leader in Entertainment and Streaming Warner Bros. Discovery to Begin Trading on the Nasdaq as "WBD" on Monday, April 11 Today Discovery, Inc. and AT&T Inc.* ((T) announced that they have closed their transaction to combine the WarnerMedia business with Discovery. The combination creates a premier standalone global media and entertainment company, Warner Bros. Discovery, Inc., which will begin trading on the Nasdaq with the start of trading on Monday, April 11, under the new ticker symbol "WBD." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202204080
AT&T expects to close the transaction in April, second quarter dividend on common stock, payable in May, has been set according to previously announced updated dividend policy Today AT&T Inc.* ((T) announced that it has declared a stock dividend to effect the spin-off of 100% of AT&T's interest in WarnerMedia to AT&T's shareholders. The record date for the stock dividend is the close of business on April 5, 2022. This stock dividend is in connection with the previously announced transaction to combine AT&T's WarnerMedia business with Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))). On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-f
NEW YORK, Feb. 24, 2022 /PRNewswire/ -- Discovery, Inc. ("Discovery" or the "Company") (NASDAQ:DISCA, DISCB, DISCK))) today reported financial results for the quarter and year ended December 31, 2021. David Zaslav, President and Chief Executive Officer of Discovery said, "2021 was by all measures an exceptional year for our company, in which we achieved significant operational, financial, and strategic objectives. We grew our global DTC paying subscribers to 22 million, a tailwind for our strong distribution revenue growth of 11%, while global advertising revenues grew 10% due to continued strength in our key markets and share gains. Additionally, we ended the year with nearly $4 billion of
NEW YORK, Feb. 7, 2022 /PRNewswire/ -- Discovery (NASDAQ:DISCA, DISCB, DISCK))) today announced that it will report its fourth-quarter and full year 2021 results on Thursday, February 24, 2022, at 7:00 a.m. ET. The Company will host a conference call at 8:00 a.m. ET that same day to discuss the results. A link to the live audio webcast of the conference call will be available in the "Investor Relations" section of Discovery's website at https://corporate.discovery.com/. A replay of the call will be available approximately two hours after the completion of the call until March 3, 2022. The replay can be accessed by phone by dialing 800-585-8367 or 416-621-4642 using conference ID 9097405. A r
NEW YORK, Dec. 15, 2021 /PRNewswire/ -- SiriusXM and Discovery, Inc. today announced that they are teaming up to create more value and more choice for consumers with subscription offers that deliver the best content from both companies. Eligible new and existing subscribers to SiriusXM's Platinum VIP plan will have the opportunity to activate, courtesy of SiriusXM, a complimentary 12-month subscription to discovery+, the definitive non-fiction, real-life subscription streaming service. Platinum VIP is SiriusXM's newest and most comprehensive subscription tier, and includes ac
NEW YORK, Nov. 3, 2021 /PRNewswire/ -- Discovery, Inc. ("Discovery" or the "Company") (NASDAQ:DISCA, DISCB, DISCK))) today reported financial results for the quarter ended September 30, 2021. David Zaslav, President and Chief Executive Officer of Discovery said, "We made great strides in the quarter operationally, financially and creatively. The team drove solid momentum in our direct-to-consumer business, which we grew to 20 million paid subscribers at quarter end on the strength of our global brands and fan-favorite content, including the Summer Olympic Games and Shark Week. Additionally, we delivered double-digit growth in both advertising and distribution revenues, as we doubled next gen
NEW YORK, Oct. 14, 2021 /PRNewswire/ -- Discovery (NASDAQ:DISCA, DISCB, DISCK))) today announced that it will report its third-quarter 2021 results on Wednesday, November 3, 2021, at 7:00 a.m. ET. The Company will host a conference call at 8:00 a.m. ET that same day to discuss the results. A link to the live audio webcast of the conference call will be available in the "Investor Relations" section of Discovery's website at https://corporate.discovery.com/. A replay of the call will be available approximately two hours after the completion of the call until November 10, 2021. The replay can be accessed by phone by dialing 800-585-8367 or 416-621-4642 using conference ID 2085256. A replay of t
NEW YORK, Aug. 3, 2021 /PRNewswire/ -- Discovery, Inc. ("Discovery" or the "Company") (NASDAQ:DISCA, DISCB, DISCK))) today reported financial results for the quarter ended June 30, 2021. David Zaslav, President and Chief Executive Officer of Discovery said, "Discovery delivered very strong results this quarter as we executed well amidst a recovering global advertising market. Advertising revenue increased in every region of the globe and accelerated throughout the quarter, particularly in our International segment as revenue increased 70%. Indeed, many key markets such as the UK, Italy, Germany, as well as a number of Latam and APAC markets, all demonstrated a marked resurgence and finished
NEW YORK, July 20, 2021 /PRNewswire/ -- Discovery (NASDAQ:DISCA, DISCB, DISCK))) today announced that it will report its second-quarter 2021 results on Tuesday, August 3, 2021, at 7:00 a.m. ET. The Company will host a conference call at 8:00 a.m. ET that same day to discuss the results. A link to the live audio webcast of the conference call will be available in the "Investor Relations" section of Discovery's website at https://corporate.discovery.com/. A replay of the call will be available approximately two hours after the completion of the call until August 10, 2021. The replay can be accessed by phone by dialing 800-585-8367 or 416-621-4642 using conference ID 8782436. A replay of the au
DALLAS, June 7, 2021 /PRNewswire/ -- GAC Media, LLC, a newly-formed group of US-based investors today announced that it has acquired the Great American Country ("GAC") Network from Discovery, Inc. GAC's format includes lifestyle programming and is available in approximately 40 million television households. Contemporaneous with its acquisition of GAC, GAC Media has also acquired RIDE TV, a 24-hour, high-definition television network dedicated to showcasing equestrian sports, culture and lifestyle. Together, GAC and RIDE TV constitute the first two channels in GAC Media's larger effort to revitalize and invest in family-friendly programming that is both timeless and entertaining. Bill Abbo