Latest in Discovery

In the first quarter of apples-to-apples financials since it closed the Scripps Networks Interactive acquisition, Discovery delivered solid advertising gains and beat Wall Street profit forecasts. The company reported total revenue in the second quarter of just shy of $2.9 billion, which met estimates. Excluding a tax…

Chip and Joanna Gaines have issued a teasing video for their new Magnolia Network, which is expected to debut next summer and replace the existing DIY Network in the Discovery empire. The video shows the easy-going couple teasing each other about the story possibilities of the new network, whose offerings remain under…

With its 2017 acquisition of Scripps Networks, Discovery became the dominant player in the unscripted cable market with 19 networks, with all but OWN focused entirely on reality fare. Using its newly found clout, I hear Discovery has put forward a new model for financing its series, and it has the unscripted producing…

Discovery and FuboTV have announced a new, multi-year carriage agreement that will bring 13 Discovery networks to Fubo’s streaming service in the coming weeks. The deal extends the relationship between the companies that dates back before the 2018 acquisition of Scripps Networks Interactive by Discovery. The prior…

Discovery has hired Sky exec Anil Jhingan, who played a key role in the pay-TV company's high-profile acquisitions of its German and Italian operations. The factual giant has hired Jhingan as Executive Vice President of Corporate Development, EMEA & APAC. He was previously Group Director of M&A and International…

The multi-million-dollar deal between Discovery and the BBC to carve up multi-channel broadcaster UKTV has received regulatory approval in the UK. In April, the two companies finally came to an agreement on the future of the Flack broadcaster with Discovery taking control of three channels and BBC Studios acquiring…

Discovery has picked up a documentary about the death of Michael Jackson for a raft of its international territories. The factual giant has taken the rights to Killing Michael Jackson from I Wanna Marry Harry producer Zig Zag Productions in the UK, Italy, Germany and the Nordics. The hour-long doc will mark the tenth…

Discovery is elbowing its way into the week traditionally focused on broadcast upfront presentations, setting May 12, 2020 as the date for its own upfront breakfast event in New York. The Tuesday morning event will occupy a slot that was long held by ESPN until Disney this year added the sports network to its overall…

EXCLUSIVE: Igal Svet is swapping National Geographic for Discovery and is heading to the West Coast to work on the latter's event programming, documentaries, and specials. Svet is moving from the east coast to LA to become Vice President of Production and Development for documentaries and specials at the Discovery…

Extending its push into golf, Discovery has acquired Golf Digest from Condé Nast, with plans to integrate the magazine-based brand into its GolfTV streaming service and partnership with Tiger Woods. The $30 million pickup adds to exclusive carriage in some non-U.S. territories of the PGA Tour, the European Tour, and…

Discovery chief David Zaslav dismissed the notion that Hulu, Netflix or soon-to-arrive subscription services could develop into threats, arguing that the company’s long-established brands will carry the day. Hulu put cooking in the foreground of its NewFronts presentation on Wednesday, unveiling a new destination…

Discovery, reporting financial results on a pro forma basis for the last time after closing the Scripps Networks Interactive deal, posted first-quarter numbers that met Wall Street expectations for revenue and beat them for earnings. Revenue rose 17% (or 21% excluding the impact of foreign currency fluctuations) from…