Discovery Communications

US content providers create premium video advocacy body

An advocacy body for the premium video industry has launched, bringing together the likes of Discovery Communications, Fox, NBCUniversal, ABC, Turner Broadcasting System and A+E Networks. NBCU parent Comcast, Univision Communications and Disney-ABC Television Group-backed sportscaster ESPN are also attached to the group, The FreeWheel Council for Premium Video (FWC), which video solutions form FreeWheel […]

Discovery forms alliance for Russian distribution

Discovery Communications will continue to distribute its pay TV portfolio in Russia and will develop a regional free-to-air channel, thanks to a new alliance that keeps it in line with new media laws. Discovery has signed an agreement with Russia’s National Media Group to form a new limited liability company, called Media Alliance, which will distribute […]

Discovery in deal with Verizon, outlines MENA ambitions

Discovery Communications is to begin supplying content to an upcoming mobile TV-focused OTT service from US telco Verizon. The deal is for both long- and short-form programming from Discovery’s bouquet of channels, the firm’s president and CEO, David Zaslav, revealed during an earnings call yesterday. “I’m pleased to announce an agreement with Verizon to bring […]

Discovery International hit by currency effects in Q2

Discovery Communications has posted 3% revenue growth for the second quarter, with strong US growth offsetting the negative impact of exchange rate fluctuations on its international business. Overall, Discovery posted revenues of US$1.654 billion for the quarter, up 3% or 11% excluding currency effects. The US business posted revenues of US$814 billion, up 5%. International […]

Discovery makes Euro OTT play

Discovery Communications is launching its Dplay OTT service in three new markets in Europe. The streaming service is already in Norway and will now roll out in Denmark, Italy and Sweden. The new launches for DPlay will take place before the end of the year. The service is programmed with Discovery fare and launches over […]

Discovery ‘exits Ten takeover talks’

Discovery Communications has pulled out of talks to buy Australian commercial channel Network Ten, according to the Australian Financial Review. Discovery had partnered with Australian pay TV platform Foxtel to buy the for-sale broadcaster, whose financial situation is precarious as things stand. Discovery would have held 85.01%, with Foxtel taking just under 15%. However, the AFR reported that […]

Discovery prices senior notes offering at €600 million

Discovery Communications is seeking to raise €600 million through the sale of senior notes, in a process that is expected to close this week.  Discovery said it expects the net proceeds from the notes offering to be roughly €594.2 million after deducting estimated expenses related to the offering. It said it will use the proceeds […]

Liberty Global and Discovery take biggest stake in Formula E

Liberty Global and Discovery Communications are to take stakes in Formula E Holdings, the company set up to manage the new motorsports format. Neither party has stated the size of their investment in Formula E. However, Bloomberg, citing a Liberty Global spokesman, has reported that the investment will give the pair combined the largest stake […]

Fox denies Discovery takeover report

Twenty First Century Fox has moved swiftly to deny reports that its executives have held early-stage takeover talks with Discovery Communications. The US-listed giant, whose assets include the Fox broadcast network, numerous US and international cable channels and a US movie studio, was reported by the Australian Financial Review to have met with Discovery two […]

Discovery plans European OTT expansion

Discovery Communications plans to expand its Nordic over-the-top service Dplay to more European markets this year and grow its online Eurosport Player by taking more sports rights. Announcing the plans of Discovery’s fourth quarter earnings call, company president and CEO David Zaslav also said that Discovery plans to acquire “specialty rights at a low cost” […]