. But in addition, we want to run this company to drive free cash flow and the ability to monetize a lot of the content that isn't critical to subscriber growth. We took bold decisive action over the last 10 months and the bulk of our restructuring is behind us. And I think I just only add go ahead. [Operator Instructions] I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. And then obviously, with the new product, we just look at some of the features that we're going to be rolling out and some of the improved and enhancements from a performance standpoint in the product at a much higher engagement, which will help both our ad-lite monetization, including, as David mentioned earlier, the fact that we're now putting ads and all the content on HBO Max as opposed to just some of the content on HBO Max, all those will be part of the revenue drivers in addition to obviously having the rights like we talked about before, for all of our sports in the U.S. and news content eventually that could also help us drive further scale and pricing in the years ahead. And the best thing that we have going for us right now is all of that hard work that we did, and it was probably two years of work that we did in 10 months, it's now almost -- it's overwhelmingly behind us. But just as you think about the impact of DC sort of fully realizing the opportunity over the next 5-plus years, what could that mean to Warner Bros. Turning to the total company EBITDA outlook. And later down the road, we're also obviously going to start looking at new market launches, again. And Lord of the Rings, which is a fantastic franchise, Andy Jassy was pushing on it at Amazon with a lot of success, but we own those movie rights. Thanks, Ben. Warner Bros. Television Group has more than 110 shows currently in production across our own platforms as well as third-party broadcast, cable and streaming outlets, including Emmy Winners, Ted Lasso and Abbott Elementary. How much do you feel like is more reflective of some of the underlying trends that just have to do with ratings declines or core cutting and those types of trends? We are also advantaged by the fact that our U.S. networks average 30% of all nightly cable viewers in the key 25 to 54 demo. The dreaded post-merger Warner Bros Discovery layoffs have reached the programming operation overseen by HBO and HBO Max Chief Content Officer Casey Bloys. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. And with that, I am pleased to turn the call over to David. "I was in the movie 'Grown Ups'. So there was 60% that was hardly being viewed. An open casting call has gone out for three actors between the ages of 13 and 16 to play young versions of Newt, Leta, and another character called Sebastian. Well, look, we were laser-focused on building this DC 10-year plan. While every applicant will be considered, only those passing the initial consideration round will be contacted. I'll talk more about that in a minute. I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President of Global Investor Strategy. I'll just take a swing at it, Gunnar, you can follow. Thank you, Jessica. And having some of that content appear on our platform and sell it nonexclusively to others is very economically beneficial. John Oliver in season nine of "Last Week Tonight With John Oliver." Paula Lobo/HBO. First for David, as part of the upcoming D2C relaunch, can you just talk a little bit about how you plan to balance protecting the HBO brand while at the same time, leaning on the HBO premium content to help drive the new service going forward? So I think we're very well positioned. John Oliver poked at HBO's parent company, Warner Bros. Before we start, I'd like to remind you that today's conference call will include forward-looking statements that we make pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. So I think that's something that's really resonating with the creative community that their content is seen, it's curated and it's elevated and that's part of the cultural conversation, both in the theater and on the platform. On the one hand, we have tremendous breadth with live news, live sports, entertainment, nonfiction, a tremendous share and reach. On Location Casting ATLANTA area, GA (SAVANNAH/JEKYL ISLAND) BACKGROUND Casting Notice *Warner Bros FEATURE FILM: "The Color Purple-The Musical' By Kevin P. King - March 10, 2022 684 0 Advertisements On Location Casting ATLANTA area, GA (SAVANNAH/JEKYL ISLAND) BACKGROUND Casting Notice Advertisements And while this is indeed encouraging, we're hesitant to forecast any meaningful near-term revenue improvement. And there's a number of uncertainties as you wouldn't be surprised to hear. And I have no doubt that when the market turns, we're going to be in a very, very good position to capture that upswing as well, especially, as David mentioned, with more inventory on the digital side becoming available here, which last year was sort of a limiting factor for us. Moreover, the exit rate coming out of the fourth quarter lends confidence in continued very strong financial performance thus far in Q1 and into our soon-to-be relaunched D2C offering. Channing is the best example of that. If there is interest in pursuing an application further, the applicant will hear back within 14 days of their original submission. Keep one thing in mind, the entire last year was impacted by this headwind from coming off of Amazon. And why should we need to monetize that in order to drive shareholder value. Warner Bros. TV Group chairman Channing Dungey, in a memo to employees, explains cuts that will lead to the loss of 125 positions (including 43 vacant slots) - 26% of the division's total workforce. Warner Bros. So I was hoping you could just give us your most updated thoughts, so we kind of have that framework for assessing the new product when you rolled out on April 12. 2023 will be a year of building and off we go. The replay can be accessed by phone by dialing +1 877-674-7070 or +1 416-764 . Hello, everyone, and thank you for joining us. To apply for the Fantastic Beasts open casting call, email [emailprotected] with a recent colour photograph, (i.e., taken within the last two months), contact telephone number, your home address and date of birth. Marvel's Guardians will star alongside Chris Hemsworth (Thor), Natalie Portman (Jane Foster/Mighty Thor), Tessa Thompson (Valkyrie), and Christian Bale (Gorr the God Butcher), among other new and. You had 6% growth this quarter, a lot of that from advertising and content, but do you need revenue growth to accelerate in order to deliver that $1 billion? The scatter market overall is very slow, I would say, steady to maybe a little bit better than it was in the fourth quarter. But we'll take you through what that plan is and how we intend to do it on the 12th, but well locked and loaded. This company every year give up the chance for new talents. Again, creating shows that people want to watch. Do your homework, find out if the casting call is legit, find out who the casting director is for the show or movie and make sure everything matches up. So David, as you said, '22 was a year of really heavy lifting and you had challenges really in every division, whether it was film, advertising, CNN, et cetera -- I mean, macro, et cetera, D2C. Webcast. But the other key is that we have the largest TV and motion picture library and we're the biggest producer of quality content in the world. The game was 1 of the most highly anticipated of 2023. Interestingly, the actor cast as the titular character, Austin Butler, isn't the most well known, and audiences will probably know him best as the Manson family member Tex Watson in Once Upon A Time In Hollywood . There are some opportunities that I'm looking at below deck as we say, but none of that would be baked into this leverage guidance. Adjusted EBITDA decreased 7% as revenue declines were partially offset by lower content expenses as well as lower personnel and marketing costs, in part reflecting our cost synergy efforts. Overall, 14% of . Warner Bros. Obviously, successful films will help your Studio segment earnings. The market is -- the macro environment is very challenging. And we hit this year with a full leadership team in place. And it's the same principle with theatrical, perceived value of content increases when there's a great expectancy and excitement. And now we're -- this year, you're going to see us fighting on DC. This is some of the most recognized and beloved storytelling IP in the world, and we're excited to tell even more of those stories. Gunnar? The studio is the flagship producer of live-action feature films within Warner Bros. These are huge numbers, particularly in today's day and age of binge viewing, when there is so much content to choose rooms. I want to follow up on the streaming discussion. Studio Tour Hollywood invites you to celebrate the enduring legacy of the iconic Super-hero on Batman Day, Saturday, September 17, 2022. . Look, the symmetry of the Discovery+ content, which is heavily viewed for hours a day, mostly during the day and infringe against the HBO content, which is watched more, Discovery+ maybe more passively, HBO, more with family, that the more research we do, the more we look at it, the more we think these fit together very well with appealing content to everybody in the family. And we're able to align our networks on a coterminous basis with these distributors. This is in part a function of a successfully executed synergy program and ongoing continuous improvement efforts. Warner Bros. Warner Bros. And so we were able, in many ways, to Monday morning quarterback. 7,362 Followers, 2,443 Following, 99 Posts - See Instagram photos and videos from Warner Bros. We met with 186 of the top leaders in -- for a week in early January. Our strategy is no sub left behind. And together, we are focused on making our businesses better and stronger. And the newest hits, Night Court on NBC and Shrinking on Apple TV. The sequel to Fantastic Beasts and Where to Find Them is slated for release 16 November 2018, and filming begins this summer. Taking a step back here, though, I mean, the reason why -- one of the reasons why we carved out the linear business, the network business is, one, separate segment is to be completely transparent about where those trends are moving. Note that merger and integration-related cash costs totaled nearly $150 million in Q4 and nearly $800 million for the year, in addition to a nearly $350 million headwind from securitization and factoring since the closing of the deal in early April. A full leadership team in place this headwind from coming off of Amazon of 2023 and I I! 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