Discovery Ended Q4 With 22 Million Streaming Subscribers, Up By 2M From Previous Quarter
, which underpins this deal and much recent activity in the entertainment sector, comes under increasing scrutiny as a business of high costs and uncertain returns.FuboTV Tops Wall Street Estimates For Q4, Passing 1M Subscribers, But Shares Slip On Outlook For "Softer" Q1In the U.S. advertising sales grew 5% and distribution 17%, primarily driven by the growth of discovery+ and increases in contractual affiliate rates. Internationally, those increases were 10% and 2%.
Subscribers to fully distributed linear networks were down 4% at year end 2021 from the year before. Total subscribers to our linear networks were 8% lower, or 5% lower excluding the impact from the sale of the Great American Country linear network. “2021 was by all measures an exceptional year for our company, in which we achieved significant operational, financial, and strategic objectives,” said Discovery CEO Davis Zaslav, positioning “us well to take advantage of the remarkable opportunities ahead for Warner Bros. Discovery, which we believe will be among the world’s most dynamic media companies.”got a green light from the U.S. Department of Justice earlier this week.
Discovery shareholders are set to vote on the merger to create a new Warner Bros. Discovery at a special virtual meeting March 11, then it’s just the mechanics of AT&T spinning off WarnerMedia. AT&T shareholders will receive about one fourth of a share in the new Warner Bros. for each AT&T share in hand. AT&T stockholders as a group will end up owning 71% of the new company, Discovery shareholders the rest.
The stock is down in premarket trade, but its day when then market is taking ahead of the open after the Russian invasion of Ukraine last night.
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