Tag: Warner Media

  • Mafatlal spins a new yarn with Vishesh Verma as comms head

    Mafatlal spins a new yarn with Vishesh Verma as comms head

    MUMBAI: Words are the new power suits, and Arvind Mafatlal Group has just found its tailor-in-chief. The century-old conglomerate, known for weaving enduring business legacies, has appointed Vishesh Verma as group head for corporate communications, effective immediately.

    Armed with more than 20 years of experience across media, marketing, and communications, Verma has stitched together award-winning campaigns for marquee brands. His career includes senior mandates at Viacom18 and Warner Media, where he led strategies that didn’t just look good on paper but translated into sharper brand presence and stronger consumer engagement.

    Now tasked with overseeing the Group’s communications across internal, external, and digital platforms, Verma’s mandate is clear: craft cohesive storytelling, reinforce stakeholder trust, and keep the Mafatlal brand humming across diverse markets. With a reputation for marrying creativity with data-driven precision, he’s expected to ensure that every Mafatlal message not only resonates but also delivers results proof that in today’s boardrooms, a strong narrative is as valuable as a strong balance sheet.

  • Belinda Lui steps down as MPA head – APAC; Urmila Venugopalan to replace her

    Belinda Lui steps down as MPA head – APAC; Urmila Venugopalan to replace her

    MUMBAI: It’s time to say  goodbye to the Motion Picture Association (MPA). Belinda Lui who led the MPA for the past five years as president & managing director for the Asia Pacific has decided to hang up her boots.

    Belinda during her five years did a lot of work to take the Asia Pacific film industry forward  as well as  push Hollywood in the region. According to her during her term, the MPA:

    • Improved cultural exchanges between nations, through expanding access for American films and TV dramas to priority markets like China and achieving 15-20 per cent incremental box office revenue.

    • Fueled local economies and built capacity in markets like Australia, Japan, India, New Zealand and Thailand through competitive film and TV production incentives (up to 40 per cent in tax rebates in Australia alone).

    • Supported thousands of emerging filmmakers from almost 30 countries/territories in the Asia-Pacific through our film grants and LA training programs, with some of those projects going on to win the Academy Award and international Emmy.

    Belinda, who,  through her 30 year career,  worked for companies like Warner Media, Microsoft and Baker McKenzie, has decided to offer her services to companies as an independent non-executive director and spend as much time as she can with her family.

    She is being replaced on 31 January by Urmila Venugopalan , currently executive vice president of strategy & global operations at the MPA.   In her new role, Venugopalan will work on expanding access to local markets and promoting production in new areas, as well other advocacy activities across the region. She also will work with the MPA’s anti-piracy arm, the Alliance for Creativity and Entertainment, or Ace. Venugopalan will retain her duties as the MPA’s corporate board liaison.

    She will be based in Tokyo and report to MPA senior vice president, global policy &  government affairs Gail MacKinnon.

    MPA chairman & CEO Charles Rivkin said in a statement that Venugopalan “is a veteran leader who thrives at the complex intersections of business, public policy, and global affairs.” 

    He said that she “joined the MPA (in 2017) at a time of critical change and helped revitalise and realign its structure and priorities, strengthening our organisation from the inside out. I have full confidence that her deep experience working with every aspect of our global business operations, coupled with her existing corporate board liaison responsibilities, will advance our members’ objectives across the Asia Pacific and beyond.”

    “Venugopalan is a trusted advisor who has earned the respect of colleagues and member companies. Her work has already touched every part of our organization, and she maintains a wide-angle lens on key political and sectoral trends – all while remaining laser-focused on how we can best tell the story of a creative industry that drives local economies, creates jobs, and connects communities everywhere,” said  MacKinnon. “With her at the helm of our APAC operation, I am confident the MPA will achieve even greater impact in the fastest-growing region. I am also grateful to Belinda for her effective stewardship and counsel, which has greatly benefited the MPA and our member studios in the region.”

    “The Asia-Pacific region has already played an important part in the history of our industry – and is set to assume a starring role in the future of great storytelling,” said Venugopalan. “At this critical juncture for the film, television and streaming industries, MPA members are more excited than ever about the vitality of this region – its enthusiastic and engaged audiences, its relentless dynamism, and its immensely talented casts and crews. I look forward to supporting our member studios and their local partners in their collective efforts to fuel local economies and enrich cultures across the region.”

    Before joining the MPA, Venugopalan served as a member of the policy planning staff at the US state department in Washington and as a senior consultant at the Albright Stonebridge group. She holds a bachelor’s degree from McGill University and a master’s degree from the London School of Economics & Political Science.

  • HBO Max and Discovery+ to merge into single streaming platform by 2023

    HBO Max and Discovery+ to merge into single streaming platform by 2023

    Mumbai: On a second-quarter earnings call on Thursday, Warner Bros. Discovery announced the merger of HBO Max and Discovery+. The media conglomerate set a timeline for integrating the two services.

    According to Warner Bros. Discovery CEO and president of global streaming and interactive JB Perrette, who spoke on the company’s Q2 earnings call, HBO Max and Discovery+ will launch in the United States as a single service in the summer of 2023. “At the end of the day, putting all the content together was the only way we saw to make this a viable business,” he said.

    Bringing HBO Max and Discovery+ together is aimed at cutting churn, so “there’s something for everyone in the household,” he added. WBD did not reveal the new brand name for the combined service, nor did executives discuss pricing for the unified stream.

    According to Perrette, Warner Bros. Discovery is initially focused on the ad-supported and ad-free versions of the combined HBO Max-Discovery+ but is also “exploring how to reach customers in the free, ad-supported space” with content that is distinct from what is available on premium VOD services.

    He added that HBO may or may not be included in the name of the unified direct-to-consumer WBD platform; Perrette stated that the company is conducting consumer research on the HBO Max name. “HBO will always be the beacon and the ultimate brand that stands for television quality.”

    The combined HBO Max-Discovery+ service, according to Perrette, will combine the best features of both services. According to him, HBO Max has performance and customer issues but offers a rich set of features, whereas Discovery+ has fewer features but a more robust underlying delivery capability.

    Following the launch of the unified HBO Max-Discovery+ platform in the United States in summer 2023, WBD plans to bring the platform to Latin America in the fall of 2023, Europe in early 2024, Asia-Pacific in mid-2024, and other markets in the fall of 2024.

    WBD’s HBO Max, HBO, and Discovery+ subscribers reached 92.1 million in the second quarter, up 1.7 million from the previous quarter’s 90.4 million. On a pro-forma basis, this is a 22 per cent increase of $75.8 million over the previous year.

    WBD expects to have 130 million global streaming subscribers by 2025 and to generate one billion dollars in earnings before interest, taxes, depreciation, and amortisation from its direct-to-consumer businesses (Ebitda). He shared that the company’s Ebidta losses in the streaming division are expected to peak in 2022, with a long-term margin potential of 20 per cent or higher.

    Currently, HBO Max costs $14.99 per month without ads and $9.99 per month with ads in the United States. Discovery+ costs $6.99 per month without ads and $4.99 per month with ads.

    The company, on 17 May 2021, announced its plans to merge its two flagship streaming platforms, HBO Max from the legacy WarnerMedia (spun off from AT&T) and Discovery+. CFO Gunnar Wiedenfels broadly sketched out a strategy to combine the streamers in March 2022, ahead of the close of the deal forming Warner Bros. Discovery, saying that it would initially sell the pair as a bundle before fully integrating them.

    The merged HBO Max-Discovery+ streaming platform will combine thousands of hours of programming spanning scripted, reality, and documentary content and will resemble a mini-cable TV bundle.

  • Discovery’s acquisition of AT&T’s WarnerMedia biz set to close in mid-2022

    Discovery’s acquisition of AT&T’s WarnerMedia biz set to close in mid-2022

    Mumbai: Discovery’s mega-deal to merge with AT&T’s WarnerMedia business is all set to close in mid-2022, subject to approval by Discovery stockholders and additional closing conditions.

    In the latest development, Discovery has won approval from the European Commission, the executive body of the European Union (EU) to take sole control of WarnerMedia from AT&T in the two companies’ megadeal announced last year. That move comes after Discovery chief David Zaslav said that Europe had granted unconditional anti-trust clearance to the deal.

    “The Commission concluded that the proposed acquisition would raise no competition concerns given that, following the transaction, the combined entity would continue to face sufficient competition from other players,” said the EC, the antitrust enforcer for the European Union. “In addition, the Commission found no competition concerns stemming from the vertical and conglomerate links between the activities of the companies, since the latter would not have the ability nor the incentive to engage in foreclosure practices.”

    Meanwhile, the deal’s “Reverse Morris Trust” structure has also received a favorable rating from the IRS, which means that it should come out tax-free for AT&T shareholders provided they retain the majority stake in the new company as planned.

    In May 2021, AT&T and Discovery had reached a definitive agreement to combine WarnerMedia’s premium entertainment, sports, and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses to create a single company. David Zaslav, president and CEO of Discovery was announced as the future CEO of the proposed new entity, named WarnerBros.Discovery.

    AT&T houses brands like CNN, HBO, Cartoon Network, TBS, TNT, and the Warner Bros. studio. Discovery owns networks such as HGTV, Food Network, TLC, and Animal Planet. Warner Bros. Discovery will bring together leadership teams, content creators, and high-quality series and film libraries in the media business, while accelerating both companies’ plans for leading direct-to-consumer (DTC) streaming services for global consumers.

    The new company will unite complementary and diverse content strengths with broad appeal — WarnerMedia’s robust studios and portfolio of iconic scripted entertainment, animation, news, and sports with Discovery’s global leadership in unscripted and international entertainment and sports.
     

  • More media deals on anvil says Discovery CEO David Zaslav, as streaming war intensifies

    More media deals on anvil says Discovery CEO David Zaslav, as streaming war intensifies

    New Delhi: Emerging fresh from the blockbuster deal that led to Discovery’s merger with AT&T’s WarnerMedia, company’s CEO David Zaslav said that media consolidation will only accelerate from here, and he intends to be a catalyst.

    “We’re not done yet,” Zaslava told reporters on Tuesday, as he reached Sun Valley, Idaho to attend the annual Allen & Co. conference. “The talk of the week is going to be that the industry is going to start consolidating a little bit more.”

    The streaming war is heating up this summer, with a slew of media mergers shaking up the global entertainment industry. In May, AT&T agreed to spin off its media operations with Discovery Inc in May, to create a new global entertainment and media business, named Warner Bros. Discovery to be led by Zaslav. The deal could close in eight months, though it may also take longer, he had earlier said.

    Soon thereafter E-commerce giant Amazon announced its$8.45 billion deal to acquire the film and television company Metro-Goldwyn-Mayer  to earn more big-spending Prime subscribers as it competes with Netflix and Disney Plus.

    “We’re all vying for eyeballs and people’s time, and we’re all telling stories,” Bloomberg quoted Zaslav saying. “I think the Amazon deal with MGM is interesting. It reinforces that we need to be bigger.”

    Zaslav’s key role in getting AT&T’s WarnerMedia to align itself with the network he leads has ensured that stays in charge of the company through at least the end of 2027. His previous employment contract effective till 2023, was extended this June.

    The Sun Valley Conference, from 6 to 10 July, is attended every year by who’s who of the finance, tech and media worlds, holding deliberations on the key media trends. The annual media finance conference hosted and funded by private investment firm Allen and Company could not be held in 2020 due to the pandemic.

    Apple CEO Tim Cook, Facebook founder and CEO Mark Zuckerberg and COO Sheryl Sandberg; Disney chief executive Bob Chapek, Netflix co-CEOs Reed Hastings and Ted Sarandos are other key names who are likely to attend the conference. 

  • Cartoon Network to introduce new tech-savvy superhero Ekans on 27 June

    Cartoon Network to introduce new tech-savvy superhero Ekans on 27 June

    KOLKATA: Cartoon Network, a WarnerMedia Kids channel on Thursday announced the release of its first local sci-fi superhero CGI series, ‘Ekans – Ek Se Badhkar Snake’. The all-new animated series will air on the channel starting 27 June, and thereafter from Monday to Friday, at 11:30am and 7:30pm.

    The series features a 13-year-old street-smart wunderkind, Ekans, who is chosen as ‘the one’ and is gifted a ‘naagmani’ by the world’s most powerful snakes, thanks to his heart of gold and fearless attitude. With extraordinary snake-like powers, the otherwise conventional tech-savvy youngster obtains heightened sensory perceptions, the ability to camouflage, flexibility, and strength to keep humanity safe from the evils of the world. His trendy hi-tech superpower suit with mechanical snakes gives him additional abilities to cleverly outsmart villains. This original IP has a storyline that centres around the lives of Ekans, his genius family, and goofy friend Chiku.

    ‘Ekans – Ek Se Badhkar Snake’, local production by Kolkata-based studio Hi-Tech Animation, joins the existing gamut of successful homegrown IPs by WarnerMedia India such as ‘Dabangg – The Animated Series’ on Cartoon Network; ‘Titoo – Har Jawaab Ka Sawaal Hu’ and ‘Smashing Simmba’ on the companion channel POGO.

    Cartoon Network and POGO South Asia Network head Abhishek Dutta said: “We are thrilled to introduce our first-ever original homegrown superhero. It’s also our first-ever CGI series. ‘Ekans – Ek Se Badhkar Snake’ has a character-verse that is locally relevant and resonates universally. The show not only brings entertaining, action-packed adventures with new-age gadgets but also encourages kids to wholly embrace themselves – just as Ekans does. We’re sure kids and their parents will love the show’s teen protagonist, because of his intelligence, unique superpowers, and his ability to overcome challenges and fears for the greater good.”

    The show’s title track is a collaborative effort of award-winning Indian playback singer Kailash Kher, freestyle rap sensation Parry G, legendary poet and author Gulzar, and music composer Simaab Sen.

    To create excitement and build engagement amongst the audiences, Cartoon Network has also launched a high-impact, 360-degree integrated promotional campaign that celebrates the superhero in every kid. As part of this campaign, the brand has launched an Instagram page @EkansOnCartoonNetwork dedicated to the superhero.

    Cartoon Network will also collaborate with various partners, such as leading digital parenting platform Momspresso and YouTube Kids sensation ‘The Aayu-Pihu Show’, for engaging activities on social media. The promotional efforts for #EkansOnCartoonNetwork also include brand integrations, influencer engagement, branded content opportunities, affiliate marketing, in-app mobile game advertising, and exciting activities on Cartoon Network’s official website and social media pages.

  • Melissa Lim to lead kids’ content acquisitions at WarnerMedia

    KOLKATA: WarnerMedia has appointed Melissa Lim as the new head of content acquisitions and co-productions for its kids’ networks in Asia Pacific, which include POGO, Cartoon Network and Boomerang. She will also advise on licensing content to fuel the growing slate of kids and family programming on the regional streaming service HBO GO in Southeast Asia.

    Lim is currently based in Singapore and reports to Leslie Lee, head of WarnerMedia Kids APAC. Working closely with counterparts in the original production and development team, as well as programming, her key areas of focus will be exploring co-production opportunities and acquiring kids content for the region. For the latter, she will work with colleagues from other WarnerMedia acquisitions teams in the US, EMEA and LatAm.

    “Pinpointing and securing the world’s best third-party animation that sit perfectly alongside our originals is no easy task. I know that Melissa’s experience and passion will ensure we provide our fans a complete on-brand entertainment experience,” said Lee. “Her role is particularly important at a time when our networks are evolving and expanding viewer demos.”

    Melissa’s previous roles include stints at MTV Asia and StarHub, where she spent 13 years gaining invaluable insight into the kids programming world. Most recently, she was managing co-production and acquisitions at Disney for its channels and regional streamer.

  • Warner Media-Discovery merged outfit named Warner Bros.Discovery

    Warner Media-Discovery merged outfit named Warner Bros.Discovery

    MUMBAI: When two well-known media firms fuse, there’s always a big debate about what the new organisation should be called? But the folks at Discovery and AT&T have kept their life simple: they have decided to call the proposed global entertainment outfit being born out of the merger between Hollywood entertainment powerhouse Warner Bros and  the firm founded by John Hendricks as ‘Warner Bros.Discovery.’

    A press release issued by Discovery stated that “The Warner Bros. Discovery name will honor, celebrate and elevate the world’s most-storied creative studio in the world with the high quality, global nonfiction storytelling heritage of Discovery.”

    David Zaslav, President and CEO of Discovery and the future CEO of the proposed Warner Bros. Discovery combined company, unveiled the new name to WarnerMedia employees from the Warner Bros. studio lot in Burbank, CA, where he said:

    “Warner Bros. Discovery will aspire to be the most innovative, exciting and fun place to tell stories in the world – that is what the company will be about.  We love the new company’s name because it represents the combination of Warner Bros.’ fabled hundred year legacy of creative, authentic storytelling and taking bold risks to bring the most amazing stories to life, with Discovery’s global brand that has always stood brightly for integrity, innovation and inspiration. There are so many wonderful, creative and journalistic cultures that will make up the Warner Bros. Discovery family. We believe it will be the best and most exciting place in the world to tell big, important and impactful stories across any genre – and across any platform: film, television and streaming.”

    The initial wordmark for the proposed company includes the iconic line from the Maltese Falcon, “the stuff that dreams are made of,” an additional homage to the rich legacy of Warner Bros. and the focus of what the proposed company will be about.

    In May, AT&T and Discovery reached a definitive agreement to combine WarnerMedia’s premium entertainment, sports and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses to create a single company.

    Warner Bros. Discovery will bring together leadership teams, content creators, and high-quality series and film libraries in the media business, while accelerating both companies’ plans for leading direct-to-consumer (DTC) streaming services for global consumers. The new company will unite complementary and diverse content strengths with broad appeal — WarnerMedia’s robust studios and portfolio of iconic scripted entertainment, animation, news and sports with Discovery’s global leadership in unscripted and international entertainment and sports.

    The “pure play” content company will own one of the deepest libraries in the world with nearly 200,000 hours of iconic programming and will bring together over 100 of the most cherished, popular and trusted brands in the world under one global portfolio, including: HBO, Warner Bros., Discovery, DC, CNN, WB Games, Turner Sports, Cartoon Network, HGTV, Food Network, TNT, TBS, Turner Classic Movies, Wizarding World, Adult Swim, Eurosport, Magnolia, TLC, Animal Planet, ID and many more.
    Warner Bros. Discovery will be able to increase investment and capabilities in original content and programming; create more opportunity for under-represented storytellers and independent creators; serve customers with innovative video experiences and points of engagement; and propel more investment in high-quality, family-friendly nonfiction content, says the press release.

  • AT&T and Discovery agree to merge media assets, form new streaming giant

    AT&T and Discovery agree to merge media assets, form new streaming giant

    KOLKATA: Paving the way for a blockbuster merger and acquisition deal, AT&T and Discovery Inc. have agreed to combine their media assets. The new company formed as part of the deal will be led by Discovery president and CEO David Zaslav. The move will create the world’s second-largest media company by revenue after Disney.

    The combination will be executed through a complex all-stock transaction called the Reverse Morris Trust, under which WarnerMedia will be spun or split off to AT&T’s shareholders via dividend or through an exchange offer or a combination of both and simultaneously combined with Discovery. According to the latest reports, the deal will close in 2022, subject to shareholder and regulatory approvals.

    In connection with the spin-off or split-off of WarnerMedia, AT&T will receive $43 billion (subject to adjustment) in a combination of cash, debt securities and WarnerMedia’s retention of certain debt. 

    AT&T’s shareholders will receive stock representing 71 per cent of the new company; Discovery shareholders will own 29 per cent of the new company. The new company’s Board of Directors will consist of 13 members, seven initially appointed by AT&T, including the chairperson of the board; Discovery will initially appoint six members, including CEO David Zaslav.

    Giving rise to a content powerhouse, the merged entity will bring together brands like HBO, Warner Bros., Discovery, DC Comics, CNN, Cartoon Network, HGTV, Food Network, the Turner Networks, TNT, TBS, Eurosport, Magnolia, TLC, Animal Planet, ID.

    “The new company will compete globally in the fast-growing direct-to-consumer business — bringing compelling content to DTC subscribers across its portfolio, including HBO Max and the recently launched discovery+,” an official statement read.

    More to come…

  • Does the Discovery-AT&T Warner Media merger make sense?

    Does the Discovery-AT&T Warner Media merger make sense?

    MUMBAI: In one word. Yes. At least it gives them a chance in hell to play catch up with the well-muscled and well-entrenched rivals like Netflix, Disney, Amazon Prime Video, and Apple TV in the streaming race. While Netflix announced 208 million subscribers worldwide in its latest financial meet with investors, Disney declared that it had roped in 108 million subs in just a year and a half of its existence.

    As compared to that, Discovery recently disclosed that it had managed to lasso 15 million subscribers to its streaming business, and Warner Media’s HBO Max revealed its sign-ups at 9.7 million. Combining the two – if all subs stay put – gives a total of around 24.7 million. That’s still an ant-like figure compared to the jumbo numbers of Netflix, Disney, and hey even Amazon Prime. Both continued to concentrate on linear TV, and on cable, even as others were laying it out thick on OTT services. Their coming late to the streaming party means they have to work harder to ramp up subs. By teaming up it might be a little easier, but the hard work will need to be put in.

    Netflix – when it launched – did to HBO, what HBO did to other cable TV programmers two to three decades ago. The Reed Hastings-led OTT introduced cutting-edge, well-produced and edited, hard storytelling in its series and gave subscribers something to get glued onto almost every month. At an affordable price too as compared to cable TV’s high rates in the US.

    Can HBO do a Netflix to Netflix in terms of content in the current streaming world? 

    Many think that can be done, but it requires deep pockets as well as a global vision such as that is available aplenty with the Netflix top management. As well as a strong heart to tolerate negative cash flows, take on what some may consider strangulating debt while spending tens of billions of dollars on content, churning out fresh shows o

    Fusing Warner with Discovery will definitely give the two a lot more financial ammo as well content. Both are at the top of their game when it comes to their respective genres. Warner Media has dramas, series, movies in the case of HBO, TNT, TBS, and Warner Bros and kids programming in Cartoon Network; news in CNN, and sports in Turner Sports. Discovery has gold standard factual programming, along with its live sports lineup in Eurosport, real estate shows in HGTV and lifestyle programming in TLC, and food competitions in the Food Network.

    If the merger does see the light of day, the question about who will lead the operation will need to be answered. Warner Media’s Jason Kilar has shown he has the hunger; Discovery boss David Zaslav is no chicken; he’s a mean rooster and is extremely ambitious.  Observers believe that AT&T is likely to call the shots; so Kilar will get a shoo-in as head, while Zaslav will get a very rich golden handshake. Others however point out that the latter has the confidence of media baron John Malone who  controls about 30 per cent of Discovery’s equity and it’s quite likely that his word will carry weight.  This means Zaslav and Kilar might both be accommodated in the new organization.

    Of course, the merger will mean the joint entity  will boast of a neat bundle of offerings for viewers – covering everything from sports to drama to factual to kids to movies to reality. Scale is crucial in streaming service offerings, and that can be achieved by offering the Discovery Warner service at an extremely appealing price, in keeping with what rivals are charging. Discovery Plus has a price tag of $6.99 while HBO Max is available at $15. This is why the latter has remained as a niche offering attracting a thin sliver of viewers as compared to Netflix and Disney.

    In the Indian context, both Discovery and Warner Media, have kind of been left behind in the broadcast sweepstakes as compared to the mainline TV broadcasters and streamers. Both have kids channels, while HBO and WB channels have been wound up in the country. Discovery has its international slate of channels while it also has localised its factual programming. Hence, a merger within India would definitely bring in economies.

    Clearly, all that is in the future. Right now the two companies’ boards and management have to decide whether they are going ahead or not. You can’t forget that there was strong talk that Comcast and AT&T were conversing  for a deal between NBC Universal and Warner Media. But that kind of stalled and did not move ahead. Now, Discovery looks to have beaten NBC Universal to the punch. The days ahead will tell us if it results in a knockout or not.