Warner Bros. Discovery Shares Rise After Upgrades on Merger Integration Progress

Elsa Keslassy International Correspondent Don’t expect Warner Bros. Discovery’s French original programming team to follow Netflix and Amazon Prime Video’s trail and chase teen audiences. Vera Peltekian, VP and head of streaming original production for the banner, says the standalone service’s bow in France “is on the roadmap” with a raft of “bold and director-driven Max originals targeting adult audiences in line with what the HBO brand is known for.” Peltekian, who previously worked 15 years at Canal + and played a major role in the pay TV group’s critically acclaimed series such as “The Returned,” “Spiral” and “Savages,” revealed that Warner Bros. Discovery’s first French original will be “The Mythomaniac of the Bataclan,” a four-part series inspired by the true story of a woman who conned her way into a victims’ association and quickly became one of its pillars.

Nick Vivarelli International Correspondent Andrea Scrosati, who is group COO and continental Europe CEO of Fremantle, isn’t too worried about various types of turbulence that are currently creating anxiety in the U.S. media market such as draconian cost cuts being made by juggernaut groups and the impending prospect of a Writers Guild of America strike. Speaking in Italy at a panel titled “Less is More – What to Do When the Streaming Boom is Over” Scrosati noted that the effect of market consolidation in the U.S. and fear due to plunging stock market results that is prompting cost cuts at Disney and Warner Bros. Discovery certainly means that “some of the big buyers are in a conflict.”

Warner Bros. Discovery CEO David Zaslav received $39.3 million as compensation for his work overseeing the newly merged Discovery-Warner Media empire last year. That’s the pay package disclosed in a regulatory filing, which also disclosed 2022 salaries for other top executives.Then-Discovery CEO Zaslav was given a package worth $246 million in 2021, a massive upswing from $37.7 million in 2020 and $45.8 million in 2019.

Jennifer Maas TV Business Writer Warner Bros. Discovery chief David Zaslav’s pay package topped $39 million in 2022, down considerably from the staggering figure he hit in the year prior, thanks to a massive $203 million stock option. In a Wednesday Securities and Exchange Commission filing, WBD stated that president and CEO Zaslav’s exec comp package totaled $39.3 million last year. $3.1 million of that sum was his salary, with the rest being stock awards ($12 million), stock option awards ($1.4 million), non-equity incentive plan comp ($21.8 million) and “all other” compensation ($925,489). While Zaslav’s pay is down considerably from 2021, it’s important to note the reason behind this major dip is an unprecedented $203 million stock option grant that inflated his total 2021 compensation package to a staggering $246.6 million. (To give you a more reasonable idea of what Zaslav’s pay has been in recent years, his 2020 haul was a mere $37.7 million.)

EXCLUSIVE: After months of upheaval following the close last April of WarnerMedia and Discovery’s $43 billion merger, Michael Ouweleen sees a much more settled operating environment taking shape in 2023.

EXCLUSIVE: Howard Swartz, who has overseen hundreds of hours of Shark Week programming, is exiting Warner Bros Discovery to take up a new role at Banijay Americas-owned Stephen David Entertainment.

Brian Steinberg Senior TV Editor Warner Bros. Discovery is giving a league of would-be providers of TV-audience measurement its own appraisal. After tapping Comscore, iSpot.TV and VideoAmp last year to help build a new suite of technologies that will help count viewers across linear, digital and connected television, the big entertainment company is paring down its provider list. Comscore and VideoAmp will serve as partners during Warner Bros. Discovery’s efforts during the industry’s next “upfront” sales session. “Our methodology was quite rigorous,” says Andrea Zapata, the company’s executive vice president and head of ad sales research, measurement and insights, in an interview.

Def Leppard’s Rick Allen is speaking out after being attacked by a 19-year-old spring breaker in Florida last week. 

What’s David Robert Mitchell been up to lately? Well, since “Under The Silver Lake,” not much, but that’s about to change. Deadline reports that Mitchell has his next project lined up at Warner Bros., and the director is teaming up with Anne Hathaway and the Bad Robot crew for a new mystery project.

Jennifer Maas TV Business Writer Warner Bros. Discovery received stock upgrades from two media analyst firms Friday for, among other things, making the decision to tie bonuses for CEO David Zaslav and his team to free cash flow performance. “We threw everything and the kitchen sink at a Downside Case scenario for WBD, and it still delevers to 3x by ’25E,” Wells Fargo analysts wrote in a research note published Friday, in which they upgraded WBD’s stock to “overweight” with a price target increase from $13 to $20 per share. “We now have conviction in FCF to limit downside, while the stock has asymmetric upside.” Meanwhile, Wolfe Research moved WBD from its “peer perform” rating to “outperform” and also upped the price target to $20. (At time of publication Friday, WBD stock was trading at $14.51 per share.)

plug on the project earlier this week due to budget issues. Scarlett Johansson, Penélope Cruz, Michael Fassbender and Owen Wilson were previously in talks for roles in the film which centered on an above-the-line filmmaking duo who reunite on set after falling in and out of love with one another.“Paris Paramount” would have been Meyers’ return to the director’s chair since helming 2015’s “The Intern,” which starred Robert DeNiro and Anne Hathaway.Talent deals with Warner Bros. Discovery would need to be reworked since the cast previously had buy-out deals because their deals were for Netflix.

Just days after parting ways with Netflix, Nancy Meyers next movie has found a new home as sources tell Deadline Warner Bros. is in early talks to acquire the project. Sources stress no deal is done and they are exploratory talks but add there is something to it and discussions have begun on various details about project. Deadline reported on Tuesday that the film was leaving Netflix after the studio pulled the plug due to budget concerns. Meyers moved quickly to take the project out to other studios and Warner Bros. is looking like the front-runner to land the film. Meyers will write and direct the project but what is unknown is if the all-star cast will still be joining. Meyers was in talks with Scarlett Johansson, Penelope Cruz, Owen Wilson and Michael Fassbender to star but given that was the plan when Meyers had a much larger budget it is unknown if those actors stay committed to the project.

Brent Lang Executive Editor Warner Bros. Discovery U.S. Hispanic has partnered with GroupM and Cocina Media on “El Toque de Aarón.” The all-new original seriesfollows celebrity chef Aarón Sánchez and his team as they help Latino restaurants in the Los Angeles area reach new heights. Kimberly Clark’s VivaÒ Paper Towels Brand will be an integrated sponsor, with other GroupM clients featured throughout the series. Sánchez will also act as an executive producer. The six-part series unfolds in Latino restaurants with great potential, ready to seize the opportunity to optimize their business – from devising a more exciting menu to improving the overall aesthetics to streamlining their execution and raising their public profile. Sánchez will help reimagine these restaurants to bring out their true soul, with a revamped menu and a refreshed space. In each 30-minute episode, the culinary wizard will put his personal touch on each menu item, while mentoring each restaurant’s chef and sharing tips and tricks of the trade along the way. Helping to round out the renewals with much-needed renovations are designer Cris Mercado (“HGTV Star; Remodelaciones con Celebridades“) and project manager Ángel Riveros (“Hogar Star”). Complicating matters is the fact that they have only four days to achieve this mission. The clock is ticking.

Elsa Keslassy International Correspondent Warner Bros. Discovery and Amazon Prime Video have set the launch date and pricing for their ‘Warner Pass’ offer in France to March 16. Priced at €9.99 per month, the offer will be available exclusively on Amazon Prime Video Channels in France, and will boast all of HBO programs, along with 12 channels, including Warner TV, Eurosport, Discovery Channel, Cartoon Network and CNN, as well as their associated on-demand services. Subscribers will benefit from a 30-day free trial until April 3. “The launch of Warner Pass exclusively as a Prime Video channel in France is the next step in our journey to become the destination for customers in France to find the best in storytelling, premium entertainment and sports,” said Brigitte Ricou-Bellan, Prime Video French Country Director.

which first reported the news, “in her new role, Imperato Stabile will lead the division responsible for all aspects of the Warner Bros.

Bloomberg reported on Thursday and TheWrap independently confirmed.The name change is meant to signal that the service will not just be HBO Max with Discovery content, nor will HBO Max be ported over to Discovery+. “Max” is the leading contender, though Warner Bros.

Warner Bros. Discovery is continuing its directors program after all.

Charna Flam After the recent decision to reshape its directors’ training program, Warner Bros. Discovery (WBD) announced its new Access Directors Program. WBD has rebranded and expanded the directors’ program to assist and nurture television directors through workshops and shadowing, led by WBD’s Diversity, Equity, and Inclusion (DEI) team. Participants will receive the opportunity to direct a full WBD television episode. In addition to workshops, directors will have the chance to work on WBD shows and participate in a virtual curriculum focused on best practices and equity mindset sessions, with the ability to shadow directors on up to two television episodes (during which participants may receive a small childcare stipend).

Jennifer Maas TV Business Writer Never fear, genre fans: Warner Bros. Discovery is intent on mining as much of its tentpole Warner Bros. IP as possible in the near future, whether that be through its upcoming revamped DC Universe, the newly announced “The Lord of the Rings” movies, or more projects based on J.K. Rowling’s “Harry Potter” franchise amid the success of video game “Hogwarts Legacy.” “DC is an enormous opportunity and two important building blocks are in place now with the leadership team, Peter [Safran] and James [Gunn], and James has been breathing comics for as long as he’s been alive, essentially,” Warner Bros. Discovery CFO Gunnar Wiedenfels said during a panel at Morgan Stanley’s investor conference Wednesday. “A great creative leader here. And the second building block that is in place is the one-company approach, because I think you can only manage a franchise if everything is coordinated and the team is working together extremely well. There’s an enormous level of collaboration and joint decision making around what should work hand in hand across the franchise.”

Nick Vivarelli International Correspondent Middle East satellite and streaming platform OSN Group has extended its relationship with Warner Bros. Discovery forging a new multi-year licensing deal under which it will become the exclusive home for HBO content in the region. In addition to HBO shows, such as “Succession,” the renewed agreement has been expanded to cover additional content and channel offerings from Warner Bros. giving OSN premium access to recent blockbuster movie hits such as “The Batman,” “Dune,” “The Matrix Resurrections,” and “The Suicide Squad.” The deal was announced in Dubai with “Succession” star Brian Cox on hand.