Latest in Discovery

Discovery is the latest big media company to withdraw financial guidance and boost its cash cushion in uncertain times, tapping $500 million of a $2.5 billion revolving credit facility to “maximize flexibility in light of the current uncertainty” surrounding the impact of the coronavirus pandemic on its…

Self-proclaimed market contrarian Smead Capital Management Tuesday touted Discovery, Inc. as a stock to consider for forward looking investors looking beyond the coronavirus pandemic, calling it a company with extensive free cash flow and an abundance of female viewers drawn by shows like 90 Day Fiance. “We see …

Things many be on fire in the war between the survivors and the Whisperers on The Walking Dead, but it got pretty hot Monday also in the ongoing multimillion-dollar profit participation trial pitting AMC against creator Robert Kirkman and other executive producers. "Sometimes counsel has to be held accountable,"…

As coronavirus fears shutter big events left and right, Discovery executives reassured Wall Street  Thursday that all systems were still a go for the Tokyo Olympics at its pan-European broadcast subsidiary Eurosport but that the financial impact of an eventual cancellation would be minimal. The International Olympic…

Stocks took another major hit Thursday but clawed back some losses in crazy trading as a big investment bank predicted profit growth would be all but wiped out this year by the coronavirus and a report indicated the International Monetary Fund may downgrade its forecast for global growth. Goldman Sachs chief U.S…

Discovery has hired Hulu exec Lisa Holme to oversee its direct-to-consumer content strategy. Holme, who was VP, content acquisitions at the digital platform is the latest exec to join the team being put together by Peter Faricy, Discovery's CEO of Global Direct-to-Consumer. Holme joins as Group Senior Vice President…

A number of global launches of HGTV and Food Network helped bolster Discovery Communications' full-year and Q4 financial results. The factual giant saw total revenues in the fourth quarter of 2019 grow by 2% to $2.87B, while total revenues across the year grew by 6% to $11.1B. Net income in the last quarter increased…

EXCLUSIVE: Discovery has promoted Scott Lewers to head up Science Channel after Deadline revealed this week that Marc Etkind had left the network. Lewers has spent the past two years as EVP Multiplatform Content, live production, digital and research teams across Discovery, Science Channel and Animal Planet. He will…

Jakob Mejlhede Andersen has stepped down as CEO of Nordic Entertainment Group's UK division. Mejlhede Andersen was appointed to the role in October 2019, having joined from his role as EVP and Chief Content Officer for NENT Group's Viaplay streaming service. The company is now searching for a new chief executive…

EXCLUSIVE: Marc Etkind has left the Science Channel after more than four years at the helm of the Discovery-owned network. Discovery confirmed Etkind’s departure, which comes after he moved into the role of general manager in September 2015 from Destination America. He was based out of New York. Deadline understands…

Sir David Attenborough will fuse science and nature in A Perfect Planet, a new landmark series for the BBC and Discovery exploring the unique systems that allow planet Earth to thrive. The five-part series, made by Our Planet producer Silverback Films, predated the BBC and Discovery’s 10-year, £300M ($390M) natural…

Discovery has set a launch date for Magnolia, its joint venture between Discovery and Fixer Upper stars Chip and Joanna Gaines. Discovery President and CEO David Zaslav revealed that the home and lifestyle brand will launch on October 4. He made the revelation during his opening remarks at the Winter TCA press…