Discovery Communications

Discovery reports international gains, profit drop

A strong international performance helped Discovery Communications to post increased revenues, though net income dropped by 13% compared to last year. Announcing its full year and fourth quarter results, Discovery reported Q4 revenues of US$1.67 billion (€1.47 billion). This was up 9%, over the fourth quarter a year ago, led by 17% growth at International […]

Discovery founder Hendricks to launch factual SVoD service

Discovery Communications founder John Hendricks has launched a subscription-on-demand service for factual programming named CuriosityStream. The ad-free platform will go live on March 18, 2015, with a “robust” 800-title-strong library of factual programming from the likes of France’s ZED and Terra Noa, BBC Worldwide, Australia’s Flame Distribution and Japan’s NHK. It will also commission doc […]

Discovery/Foxtel bid among Ten offers

Network Ten in Australia has confirmed it has received “non-binding, conditional proposals” relating to a company takeover – likely including one from Discovery Communications and Foxtel. One of these could result in “change of control of Ten or a refinancing of its existing debt facilities”, the firm said in a note to the Australian Stock […]

Sports lifestyle firm plots MCN push with ex-Discovery exec

Bullseye TV co-founder and former Discovery Communications executive Dee Smith has landed the post of director of content at sports lifestyle group Factory Media, which is pushing into television. UK-based Factory has around 27 lifestyle sports and culture online and print brands, and has employed Smith in part to use these to create a multi-channel […]

Ravn exits in Discovery restructure

Discovery Communication’s Nordic president, Henrik Ravn, is exiting as part of a restructure in Europe. Ravn held the titles of president and CEO of Discovery Nordic and Scandinavian channels business SBS Discovery Media, but will be replaced by long-time Discovery exec Dee Forbes at the end of the year as part of the rejig. He […]

International drives growth at Discovery

International network revenues continue to drive growth at pay TV giant Discovery Communications. The international segment of the company’s third quarter results grew 32% year-on-year, and helped Discovery post overall revenues of US$1.57 billion, up 14% on 2013, despite a 1% fall in US network sales. Furthermore, the US$818 million international networks – which include […]

Rich Ross exits Shine, lands at Discovery

Rich Ross has left Shine amid a restructure at the enlarged production and distribution group and joined Discovery Channel. He will be president of Discovery Channel. Based in LA, Ross will oversee the running of Discovery’s flagship service with responsibility for strategy, production, marketing and the day-to-day running of the channel. Ross will report to Discovery Communications […]

Discovery and Liberty buy All3Media for £550 million

Discovery Communications and Liberty Global have agreed to buy UK-based TV programme maker and distributer All3Media for £550 million (€673 million).  The buyers will form a 50-50 joint venture to acquire All3Media, which is known for shows such as Skins, Midsomer Murders, Ramsay’s Kitchen Nightmares and The Only Way is Essex. Announcing the deal, Discovery […]

European Commission clears Discovery-Eurosport deal

The European Commission has cleared Discovery Communications’ acquisition of sports broadcaster Eurosport in a deal that, Discovery management tells DTVE’s sister title TBI, means revenues from the US-listed company’s international division will now eclipse those from its domestic market. Clearing the deal for Discovery to take control of Eurosport, the Commission said there were no […]

Discovery invests in pet channel DogTV

Discovery Communications has invested in, and formed a strategic partnership with, DogTV – a television network created for dogs.  DogTV says the deal will help to accelerate its growth and bring the channel to more regions and territories. The partnership will also see DogTV collaborate with Discovery-owned network Animal Planet, with the firms claiming they […]