Discovery Revenue, Subs Rise with Olympics, Discovery Plus

In Q2 of this year, Discovery Communications’ revenue rose 21 percent year-over-year to $3.06 billion, with earnings per share at $1.01, exceeding Wall Street predictions of $2.97 billion in revenue and 85 cents earnings. The company also revealed that, at the end of Q2, it had 17 million direct-to-consumer customers that increased to 18 million last Tuesday after airing the Olympics in Europe. Its Q2 U.S. ad revenue also rose 12 percent year-over-year while international ad revenue skyrocketed 70 percent, ahead of 2019 levels. Continue reading Discovery Revenue, Subs Rise with Olympics, Discovery Plus

Streaming Service to Debut Without Pricey Sports Channels

Discovery Communications, Viacom, AMC Networks, A+E Networks and Scripps Networks Interactive are joining forces to create a new streaming service catering to people who don’t want sports in their streaming TV bundles. According to sources, the service will have a soft launch in the next few weeks, cost less than $20 per month, and offer nonfiction, lifestyle, children’s and scripted drama programs from the channels owned by these networks. Media outlets have discussed a bundle without sports for some time. Continue reading Streaming Service to Debut Without Pricey Sports Channels

Discovery to Purchase Scripps Networks in $14.6 Billion Deal

Discovery Communications announced it is acquiring Scripps Networks Interactive in a cash-and-stock deal valued at $14.6 billion — or $90 a share (the final deal is expected to be valued around $11.9 billion when including the assumption of $2.7 billion of Scripps’ net debt). The combined company, which will bring together cable properties representing nearly 20 percent of ad-supported pay-TV audiences in the United States, plans to produce 8,000 hours of original programming per year and 7 billion short-form video streams monthly. Continue reading Discovery to Purchase Scripps Networks in $14.6 Billion Deal

Discovery Moves TV and Business Systems Into AWS Cloud

By the end of 2017, Discovery Communications will have shifted the processing of all its U.S. TV programs and 80 percent of its business systems from its own data centers to the public cloud. Last week, the company distributed Discovery Life and Destination America, among the smallest of its 13 U.S. channels, via Amazon Web Services. By doing so, Discovery is moving away from its reliance on pricey satellite networks and enabling more flexible programming, says the company chief technology officer John Honeycutt. Continue reading Discovery Moves TV and Business Systems Into AWS Cloud

Discovery’s Snapchat, Amazon Channels to Extend Franchises

As the annual upfront ad sales season begins, Discovery Communications has made it clear it plans on a path to growth through international expansion and digital content for Snapchat and similar platforms. The company recently inked a deal to develop shows for Snapchat’s Discover platform and will also add a Snapchat channel to its sport network Eurosport. It plans Winter Olympics content for the latter outlet. Discovery also is starting a wedding-oriented Amazon channel that takes off from the “Say Yes” franchise. Continue reading Discovery’s Snapchat, Amazon Channels to Extend Franchises

MGM Television Is the First Major Studio to Ink Deal with Snap

MGM Television became the first major studio to ink a deal with Snap Inc. to create original short-form programming for its Discover platform; there were no details on the exact nature of the upcoming shows or when they would premiere. The deal marks the latest in Snap’s many media partnerships, which include ABC, NBC, ESPN, the NFL, Turner, the BBC, Vice Media, A+E Networks and Discovery Communications. MGM also recently made a co-production pact with Jukin Media to produce competition shows using user-generated content. Continue reading MGM Television Is the First Major Studio to Ink Deal with Snap

AT&T Reveals Details About DirecTV Now Streaming Service

AT&T filled in details about its streaming service DirecTV Now, which goes on sale this week for between $35 and $70 a month. Four tiers of service range from 60 channels to 120 channels, delivered to Web browsers, mobile phones and streaming devices, including Amazon’s Fire TV stick and Apple TV. AT&T is currently offering a promotional deal of a 100-channel package, which will be priced at $60/month, for $35/month. The company, which bought DirecTV for $50 billion last year, will continue to sell its satellite service. Continue reading AT&T Reveals Details About DirecTV Now Streaming Service

Discovery Invests $100 Million in Digital Content Conglomerate

To expand its social media presence, Discovery Communications invested $100 million in Group Nine Media, a new holding company composed of NowThis, The DoDo, Thrillist, Discovery’s digital network Seeker and digital production company SourceFed Studios. In two years, Discovery will be able to buy a controlling stake in Group Nine. German media company Axel Springer will continue to be the second-largest shareholder. NowThis, The DoDo and Thrillist are said to be valued at $400 million, for a total deal value of $550 million. Continue reading Discovery Invests $100 Million in Digital Content Conglomerate

Sony Plans Launch of PlayStation Vue Cloud-Based TV Service

Sony unveiled PlayStation Vue yesterday, its cloud-based TV service that will soft launch this month with about 75 channels. The service will offer live TV and on-demand content without the need for a cable or satellite subscription, but viewers will initially need a PS3 or PS4 console. Users can also save favorite shows to the cloud. During the initial test rollout, consumers will have access to channels from CBS, Discovery Communications, Fox, NBCUniversal, Scripps Networks and Viacom. Continue reading Sony Plans Launch of PlayStation Vue Cloud-Based TV Service

Discovery Programming to be Available via Online Streaming

Time Warner Cable and Discovery Communications have reached an agreement that will allow the cable company’s subscribers to watch shows from the Discovery Channel and Animal Planet online. Discovery had previously been holding out on letting its shows be streamed because it wanted better ratings measurement for viewers on mobile devices. Now that Nielsen will soon make that data available, Discovery says it is on board. Continue reading Discovery Programming to be Available via Online Streaming

Discovery Launches Online Science and Adventure Network

Discovery is launching its first online video network today in an attempt to attract largely young, male viewers who are becoming more challenging to reach through traditional TV. Called TestTube, the new online network will initially offer 15 original short-form shows that focus on science and adventure, available for free via YouTube, Xbox and TestTube’s website. The network was developed with online video producer Revision3, which Discovery acquired last year. Continue reading Discovery Launches Online Science and Adventure Network