Discovery Communications

Discovery invests US$100m in Group Nine Media

Discovery Communications has agreed to invest US$100 million in Group Nine Media – a new holding company consisting of a number of millennial-focused digital assets. The deal sees Discovery take a minority stake in, and enter into a strategic partnership with, the firm. Axel Springer will maintain its investment as the second largest shareholder. New […]

Kaplan exiting, Discovery rejigs international programming

Marjorie Kaplan is leaving Discovery in a rejig that sees UK chief Susanna Dinnage take over running the international content division alongside her existing role in charge of the UK and Ireland Discovery nets. The change means Discovery no longer has a dedicated international content  chief, with an increasing amount of original content coming out […]

Discovery hires finance chief from ProSiebenSat.1

Discovery has hired Gunnar Wiedenfels as CFO, poaching the finance chief from German broadcast giant ProSiebenSat.1. Wiedenfels will join Discovery next April and fill the shoes of Andrew Warren, who had previously announced he was leaving the group. The new CFO will be based in New York and report to Discovery CEO and president David […]

Liberty Global agrees major original drama deal with All3Media

Liberty Global has agreed a major, cross-territory content deal with All3Media, the production company it jointly owns with Discovery Communications. All3Media will make four original drama series for cable platforms owned Liberty, marking the first time Liberty has agreed to a multi-territory deal to create exclusive original programming for its customers. The dramas will come […]

Brexit hits Discovery international business

Discovery Communications has revealed that the Brexit vote has slowed down its international business, but has committed to the UK market. The US firm yesterday reported quarterly and half year results that showed a decline in revenue and profit  from its international division, which accounts for almost half of its overall business. The UK’s decision to […]

Discovery buys into Chinese MCN

Discovery has acquired a stake in VS Media, a Chinese multichannel network business. The MCN offers Chinese consumers locally made entertainment content from a roster of 500 creators. It works with the content creators, giving them studio space, funding, marketing and commercial assistance, and VS Media content now registers about 320 million views a month. […]

Cable Congress: eSports fastest growing phenomenon in sports

The rise of eSports has been the fastest-growing phenomenon ever in sports broadcasting but traditional broadcasters may struggle to tap into this market, Cable Congress attendees heard yesterday. Speaking on a panel titled ‘the future of sports content’, Mike Moriarty, managing director, AMC Networks International – Central Europe, Digital Media Center and UK – described […]

Discovery hedges against Brexit impact

US-listed Discovery Communications has said its programme of currency hedging will insulate it from the financial impact of last week’s Brexit vote. The value of sterling fell sharply in the wake of UK voter’s decision to take the country out of the European Union and huge global media companies including Discovery are hoping they have […]

Discovery strikes Olympic deal with Czech Television

Discovery Communications has signed a deal with Czech public broadcaster Ceska Televize  to make coverage of the 2018 and 2020 Olympic Games available on its sport channel.  This deal will make the 2018 and 2020 Olympic Games available to Czech viewers on both CT Sport and Eurosport. Ceska Televize will sub-license from Discovery Communications free-to-air […]

Discovery staff cuts to cost the firm up to US$60m

Discovery Communications plans to make staff cuts that will cost the cable giant up to US$60 million (€52 million). A filing reveals severance pay and other related costs relating to voluntary buyouts will end in impairments of between US$40 million and US$60 million. An internal memo from CEO David Zaslav outlining a restructuring was circulated […]

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