“We believe that there’s lots of opportunity to look at scripted content, scripted movies,” Discovery CEO David Zaslav said Thursday at the TCA’s summer press tour. “That area of everything else in quality content, whether it’s Oprah, science, home, food, cars, that’s going to continue to grow, and eventually we’re going to go direct to consumer with some or all of that.”
At the 2018 Devoncroft Summit: The Business of Media Technology, industry thought leaders will debate strategic drivers of media technology spending, including cloud technology, virtualization, transition to IP, 4K/UHD, artificial intelligence/machine learning and media supply chain restructuring.
A Discovery OTT service would enter an increasingly crowded field. Viacom will launch a direct-to-consumer OTT offering built around library content later this year. Viacom CEO Bob Bakish says his company’s OTT service would “complement what we are doing in the MVPD space,” rather than compete with it.
Discovery Communications said Tuesday it has formally closed its $14.6B acquisition of Scripps Networks Interactive, creating a powerhouse of unscripted programming that CEO David Zaslav says will dominate the space it calls “real-life entertainment.”
With Scripps Networks Interactive just days away from the close of a $14.6 billion merger with Discovery Communications, Kathleen Finch is getting a much bigger assignment. On Thursday she was named the chief lifestyle brands officer of the combined company. Her portfolio will now include 11 networks, adding major nets such as ID and TLC to her existing Scripps roster as well as Discovery’s lifestyle digital studio.
Discovery Communications has unveiled its new senior leadership plan for after it finalizes its $14.6 billion acquisition of Scripps Networks Interactive. The big news: Rich Ross, currently group president of Discovery Channel and Science Channel, will be leaving the company.
Discovery says the DOJ had concluded its investigation into the proposed merger, clearing the way for the deal to close.
Discovery Communications said today that the European Commission has cleared its $14.6 billion acquisition of the Food Network and HGTV owner Scripps Network Interactive. The European regulatory body agreed the deal on the condition that Discovery continues to offer third-party distributors the right to broadcast Scripps’ Polish channels TVN24 and/or TVN24 BiS in the country.
Discovery Communications wants a more complete picture of who’s tuning in to watch the Winter Olympics this month, so it’s aggregating data from linear broadcast, digital platforms and social media engagement metrics. Tying TV and digital viewing patterns together has become more of a conundrum as content consumption has shifted online and split across screens.
Discovery Communications will move its headquarters from Washington suburb Silver Spring, Md., where it employs roughly 1,300 people, to New York at the end of next year. The move is contingent on the closing of Discovery’s $14.6 billion acquisition of Scripps Network Interactive, which is headquartered in Knoxville, Tenn. The merged company will maintain the Knoxville campus and Discovery will establish a “national operations headquarters” there.
In a tenuous market for short-form video content, digital video creators might have a new, but old friend: TV networks. Discovery Communications has aired nine original digital series since August on its nine TV Everywhere apps for its TV networks that include Discovery Channel, TLC and Investigation Discovery.
Oprah Winfrey is staying on board as CEO of OWN for the foreseeable future — solidifying a new deal that will retain her as CEO of the Discovery Communications-backed network through at least 2025. Simultaneously, Discovery has paid $70 million to acquire an additional 24.5% stake in OWN from the Winfrey-owned Harpo Inc. That will give Discovery 70% of OWN.
At a special shareholder meeting today in New York, Discovery’s pending $14.6 billion acquisition of Scripps Networks Interactive got overwhelming support.
Discovery’s potential $14.6 billion deal for Scripps Networks will be up against some serious headwinds and risks, according to MoffettNathanson analyst Michael Nathanson. One risk in particular is the sustainability of Scripps’ advertising growth, as 2017 has seen the programmer’s most popular networks flatten out in terms of ratings growth.
Scripps Networks CEO Ken Lowe may emerge from his company’s prospective sale to Discovery Networks with a $91.6 million golden parachute, an SEC filing Thursday revealed. The company’s board unanimously endorsed the golden parachute, David Lieberman reports.
The Wall Street Journal reports that people who are tired of paying for TV sports channels they don’t watch will soon have a new option. Cable channels owned by Discovery Communications, Viacom, AMC Networks, A+E Networks and Scripps Networks Interactive will be part of a new streaming service expected to have a “soft launch” in coming weeks, people familiar with the situation say. Subscriptions will cost less than $20 a month. Journal subscribers can read the full story here.
Discovery Communications CFO Gunnar Weidenfels on Friday touted the company’s $14.6 billion deal to acquire Scripps Networks Interactive, a deal that aims to bring together the two cable networks firms known for non-scripted and lifestyle content by early 2018. “There’s a lot of synergy potential on the cost side,” he told an investor conference.
The agreement with TEN: The Enthusiast Network will combine: linear network Velocity, MotorTrend.com, the Motor Trend YouTube channel, Motor Trend’s OnDemand OTT service and TEN’s complete portfolio of automotive digital, social, live events and original content.
The combined company will have nearly 20% of ad-supported pay-TV viewership in the U.S. It becomes home to five of the top female networks in ad-supported pay-TV with over 20% share of women watching primetime in the U.S. The merged company will deliver more than 7 billion monthly streams.
Discovery Communications is nearing a deal for at least $90 a share to acquire Scripps Networks Interactive, after Viacom’s all-cash bid was rejected, according to multiple reports. The deal would be valued at little more than $12 billion and could be completed next week.
Do consumers view and process ad content differently depending on the platform? Is television more engaging than other viewing platforms? Discovery thinks so, and to prove it commissioned a study on video perceptions with IPSOS that compared and contrasted viewer engagement, usage and intent by television and social platforms. The result proved that TV reigns supreme with engagement and intent.
Viacom Inc. is no longer in the bidding for Scripps Networks Interactive, according to people familiar with the situation, leaving the owner of cable’s Food Network and HGTV to negotiate exclusively with Discovery Communications, the other media company pursuing a tie-up.
Negotiations to acquire media company Scripps Networks Interactive are advanced and a deal could be announced as soon as this month, people familiar with the matter say. Both Discovery Communications and Viacom are vying to buy Scripps, and are likely to fund the deal with a mixture of cash and shares, the people say, asking not to be identified as the details aren’t public. No final decisions have been made and talks may still fall apart, they add.
Discovery Communications today appointed Fred Graver SVP, digital content and social for Discovery Digital. Graver most recently was the global head of TV for Twitter. In his new role, he will oversee the digital network teams across Discovery’s US portfolio to extend the brand’s reach across all digital media platforms. Graver will report to Karen Leever, EVP-GM, digital […]
Shares in cable television programmers Discovery Communications and Scripps Networks Interactive jumped late Tuesday in after-market trading following reports that the two companies were once again trying to merge.
Discovery Communications today appointed Joseph Ambeault SVP, product and technology. He most recently was the executive director, consumer video product management for Verizon Communications. In his new role, he will be responsible for all product, engineering, design and program management efforts across Discovery’s U.S. digital organization. Ambeault will report to Karen Leever, EVP-GM, digital media, Discovery Communications. Ambeault spent […]
Reimagined content from Discovery properties and exclusive Snapchat content highlight the new programming agreement.
A look at the investments and acquisitions by 15 different media companies and social networks broken down by infographics, including Discovery Communications, Disney, Hearst and Tronc.
Discovery Communications has put down $100 million to become a minority shareholder in a new holding company called Group Nine Media.
AT&T and Discovery Communications have announced a multi-year carriage extension that will keep Discovery’s linear channels on AT&T U-verse and the DirecTV satellite TV platform, expand TV Everywhere rights, and offer digital rights for the upcoming DirecTV Now live-streaming service.
A legal battle over accounting practices that has enveloped indie company LMNO Prods. has stirred a hornet’s nest in the tight-knit community of producers of unscripted television. A number of prominent producers are dismayed at Discovery Communications for what they see as ruthlessness in its handling of a lawsuit and federal investigation into allegations of pervasive fraud in LMNO’s business operations going back more than a decade.