secwatch / observer

Warner Bros. Discovery, Inc. — fact timeline

Source-grounded facts extracted from Warner Bros. Discovery, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

WBD Warner Bros. Discovery, Inc. JSON
Earnings Releases

Warner Bros. Discovery, Inc. reported the quarter ended June 30, 2023 results: revenue $10,358 million, net income $(1,240) million.

“may exist due to rounding (*) A non-GAAP financial measure; see the section starting on page 12 titled Definitions & Sources for additional details. • Q2 total revenues were $10,358 million. Revenues decreased 4% ex-FX(1)(*), compared to the prior year quarter, on a combined basis(2). • Net loss available to Warner Bros. Discovery, Inc. was $(1,240) million, and”
Governance Changes

Warner Bros. Discovery, Inc.: Amended Bylaws to modernize and comply with universal proxy rules, updating nomination deadlines to 120/90 days and requiring non-white proxy cards for soliciting stockholders (effective 2023-05-09).

“On May 9, 2023, the Board of Directors (the “Board”) of Warner Bros. Discovery, Inc. (the “Company”) approved amendments to the Amended and Restated Bylaws (the “Bylaws”), which became effective immediately upon adoption.”
Earnings Releases

Warner Bros. Discovery, Inc. reported the quarter ended March 31, 2023 results: revenue $10,700 million, net income $(1,069) million.

“• Q1 total revenues were $10,700 million. Revenues decreased 5% ex-FX(1)(*), or decreased 3% ex-FX excluding the impact of the 2022 Winter Olympic Games(2)(*), compared to the prior year quarter, on a combined basis(3). • Net loss available to Warner Bros. Discovery, Inc. was $(1,069) million”
Debt Financings

Warner Bros. Discovery, Inc. incurred senior notes of $1,500,000,000 with U.S. Bank Trust Company, National Association at 6.412% maturing 2026-03-15.

“On March 10, 2023, WarnerMedia Holdings, Inc. (“WMH”), a wholly-owned subsidiary of Warner Bros. Discovery, Inc. (“WBD”), completed its registered offering of $1,500,000,000 aggregate principal amount of its 6.412% Senior Notes due 2026 (the “Senior Notes”).”
Material Agreements

Warner Bros. Discovery, Inc. entered into 6.412% Senior Notes due 2026 Indenture with U.S. Bank Trust Company, National Association valued at $1,500,000,000 aggregate principal amount of 6.412% Senior Notes (effective 2023-03-10).

“On March 10, 2023, WarnerMedia Holdings, Inc. (“WMH”), a wholly-owned subsidiary of Warner Bros. Discovery, Inc. (“WBD”), completed its registered offering of $1,500,000,000 aggregate principal amount of its 6.412% Senior Notes due 2026 (the “Senior Notes”).”
Earnings Releases

Warner Bros. Discovery, Inc. reported the quarter and year ended December 31, 2022 results: revenue $11,008 million, net income $(2,101) million.

“NM - Not meaningful (*) A non-GAAP financial measure; see the section starting on page 13 titled Definitions & Sources for additional details • Q4 total revenues were $11,008 million. Revenues decreased 9% ex-FX(1)(*) compared to the prior year quarter, on a combined basis(2). • Net loss available to Warner Bros. Discovery, Inc. was $(2,101) million, and”

Kenneth W. Lowe was appointed as Director at Warner Bros. Discovery, Inc..

“Kenneth W. Lowe was appointed to fill the vacancy created by Mr. Bennett’s resignation, effective as of April 2, 2023.”

Robert R. Bennett resigned as Director at Warner Bros. Discovery, Inc..

“Robert R. Bennett notified the Warner Bros. Discovery, Inc. (the “Company”) Board of Directors (the “Board”) of his decision to resign from the Company’s Board, effective as of April 1, 2023.”

Robert R. Bennett resigned as Director at Warner Bros. Discovery, Inc..

“On January 4, 2023, Robert R. Bennett notified the Warner Bros. Discovery, Inc. (the “Company”) Board of Directors (the “Board”) of his decision to resign from the Company’s Board, effective as of April 1, 2023.”
Restructurings & Charges

Warner Bros. Discovery, Inc. announced a restructuring with charges of total pre-tax restructuring charges of $4.1 - $5.3 billion.

“The Company now expects to incur total pre-tax restructuring charges of $4.1 - $5.3 billion, which includes $2.8 - $3.5 billion of content impairment and development write-offs.”
Earnings Releases

Warner Bros. Discovery, Inc. reported financial results for third-quarter 2022.

“On November 3, 2022 Warner Bros. Discovery, Inc. (“Warner Bros. Discovery” or the "Company"), released its earnings for the quarter ended September 30, 2022.”

Lori Locke was elected as Executive Vice President, Chief Accounting Officer at Warner Bros. Discovery, Inc..

“Lori Locke Executive Vice President, Chief Accounting Officer”

Savalle Sims was elected as Executive Vice President, General Counsel at Warner Bros. Discovery, Inc..

“Savalle Sims Executive Vice President, General Counsel”

Gerhard Zeiler was elected as President, International at Warner Bros. Discovery, Inc..

“Gerhard Zeiler President, International”

Jean-Briac Perrette was elected as Chief Executive Officer and President, Warner Bros. Discovery Global Streaming and Interactive Entertainment at Warner Bros. Discovery, Inc..

“Jean-Briac Perrette Chief Executive Officer and President, Warner Bros. Discovery Global Streaming and Interactive Entertainment”

David Leavy was elected as Chief Corporate Affairs Officer at Warner Bros. Discovery, Inc..

“David Leavy Chief Corporate Affairs Officer”

Gunnar Wiedenfels was elected as Chief Financial Officer at Warner Bros. Discovery, Inc..

“Gunnar Wiedenfels Chief Financial Officer”

Bruce L. Campbell was elected as Chief Revenue and Strategy Officer at Warner Bros. Discovery, Inc..

“Bruce L. Campbell Chief Revenue and Strategy Officer”

Adria Alpert Romm was elected as Chief People and Culture Officer at Warner Bros. Discovery, Inc..

“Adria Alpert Romm Chief People and Culture Officer”

Geoffrey Y. Yang was elected as Director at Warner Bros. Discovery, Inc..

“David M. Zaslav, Robert R. Bennett, John C. Malone, Paul A. Gould, Steven A. Miron and Steven O. Newhouse, Discovery’s designees pursuant to its rights under the Merger Agreement, and Samuel A. Di Piazza, Jr., Li Haslett Chen, Paula A. Price, Richard W. Fisher, Fazal Merchant, Debra L. Lee and Geoffrey Y. Yang, AT&T’s designees pursuant to its rights under the Merger Agreement, were elected to the Board.”

Debra L. Lee was elected as Director at Warner Bros. Discovery, Inc..

“David M. Zaslav, Robert R. Bennett, John C. Malone, Paul A. Gould, Steven A. Miron and Steven O. Newhouse, Discovery’s designees pursuant to its rights under the Merger Agreement, and Samuel A. Di Piazza, Jr., Li Haslett Chen, Paula A. Price, Richard W. Fisher, Fazal Merchant, Debra L. Lee and Geoffrey Y. Yang, AT&T’s designees pursuant to its rights under the Merger Agreement, were elected to the Board.”

Fazal Merchant was elected as Director at Warner Bros. Discovery, Inc..

“David M. Zaslav, Robert R. Bennett, John C. Malone, Paul A. Gould, Steven A. Miron and Steven O. Newhouse, Discovery’s designees pursuant to its rights under the Merger Agreement, and Samuel A. Di Piazza, Jr., Li Haslett Chen, Paula A. Price, Richard W. Fisher, Fazal Merchant, Debra L. Lee and Geoffrey Y. Yang, AT&T’s designees pursuant to its rights under the Merger Agreement, were elected to the Board.”

Richard W. Fisher was elected as Director at Warner Bros. Discovery, Inc..

“David M. Zaslav, Robert R. Bennett, John C. Malone, Paul A. Gould, Steven A. Miron and Steven O. Newhouse, Discovery’s designees pursuant to its rights under the Merger Agreement, and Samuel A. Di Piazza, Jr., Li Haslett Chen, Paula A. Price, Richard W. Fisher, Fazal Merchant, Debra L. Lee and Geoffrey Y. Yang, AT&T’s designees pursuant to its rights under the Merger Agreement, were elected to the Board.”

Paula A. Price was elected as Director at Warner Bros. Discovery, Inc..

“David M. Zaslav, Robert R. Bennett, John C. Malone, Paul A. Gould, Steven A. Miron and Steven O. Newhouse, Discovery’s designees pursuant to its rights under the Merger Agreement, and Samuel A. Di Piazza, Jr., Li Haslett Chen, Paula A. Price, Richard W. Fisher, Fazal Merchant, Debra L. Lee and Geoffrey Y. Yang, AT&T’s designees pursuant to its rights under the Merger Agreement, were elected to the Board.”

Li Haslett Chen was elected as Director at Warner Bros. Discovery, Inc..

“David M. Zaslav, Robert R. Bennett, John C. Malone, Paul A. Gould, Steven A. Miron and Steven O. Newhouse, Discovery’s designees pursuant to its rights under the Merger Agreement, and Samuel A. Di Piazza, Jr., Li Haslett Chen, Paula A. Price, Richard W. Fisher, Fazal Merchant, Debra L. Lee and Geoffrey Y. Yang, AT&T’s designees pursuant to its rights under the Merger Agreement, were elected to the Board.”

Samuel A. Di Piazza, Jr. was elected as Director at Warner Bros. Discovery, Inc..

“David M. Zaslav, Robert R. Bennett, John C. Malone, Paul A. Gould, Steven A. Miron and Steven O. Newhouse, Discovery’s designees pursuant to its rights under the Merger Agreement, and Samuel A. Di Piazza, Jr., Li Haslett Chen, Paula A. Price, Richard W. Fisher, Fazal Merchant, Debra L. Lee and Geoffrey Y. Yang, AT&T’s designees pursuant to its rights under the Merger Agreement, were elected to the Board.”

Steven O. Newhouse was elected as Director at Warner Bros. Discovery, Inc..

“David M. Zaslav, Robert R. Bennett, John C. Malone, Paul A. Gould, Steven A. Miron and Steven O. Newhouse, Discovery’s designees pursuant to its rights under the Merger Agreement, and Samuel A. Di Piazza, Jr., Li Haslett Chen, Paula A. Price, Richard W. Fisher, Fazal Merchant, Debra L. Lee and Geoffrey Y. Yang, AT&T’s designees pursuant to its rights under the Merger Agreement, were elected to the Board.”

Steven A. Miron was elected as Director at Warner Bros. Discovery, Inc..

“David M. Zaslav, Robert R. Bennett, John C. Malone, Paul A. Gould, Steven A. Miron and Steven O. Newhouse, Discovery’s designees pursuant to its rights under the Merger Agreement, and Samuel A. Di Piazza, Jr., Li Haslett Chen, Paula A. Price, Richard W. Fisher, Fazal Merchant, Debra L. Lee and Geoffrey Y. Yang, AT&T’s designees pursuant to its rights under the Merger Agreement, were elected to the Board.”

Paul A. Gould was elected as Director at Warner Bros. Discovery, Inc..

“David M. Zaslav, Robert R. Bennett, John C. Malone, Paul A. Gould, Steven A. Miron and Steven O. Newhouse, Discovery’s designees pursuant to its rights under the Merger Agreement, and Samuel A. Di Piazza, Jr., Li Haslett Chen, Paula A. Price, Richard W. Fisher, Fazal Merchant, Debra L. Lee and Geoffrey Y. Yang, AT&T’s designees pursuant to its rights under the Merger Agreement, were elected to the Board.”

John C. Malone was elected as Director at Warner Bros. Discovery, Inc..

“David M. Zaslav, Robert R. Bennett, John C. Malone, Paul A. Gould, Steven A. Miron and Steven O. Newhouse, Discovery’s designees pursuant to its rights under the Merger Agreement, and Samuel A. Di Piazza, Jr., Li Haslett Chen, Paula A. Price, Richard W. Fisher, Fazal Merchant, Debra L. Lee and Geoffrey Y. Yang, AT&T’s designees pursuant to its rights under the Merger Agreement, were elected to the Board.”

Robert R. Bennett was elected as Director at Warner Bros. Discovery, Inc..

“David M. Zaslav, Robert R. Bennett, John C. Malone, Paul A. Gould, Steven A. Miron and Steven O. Newhouse, Discovery’s designees pursuant to its rights under the Merger Agreement, and Samuel A. Di Piazza, Jr., Li Haslett Chen, Paula A. Price, Richard W. Fisher, Fazal Merchant, Debra L. Lee and Geoffrey Y. Yang, AT&T’s designees pursuant to its rights under the Merger Agreement, were elected to the Board.”

David M. Zaslav was elected as Director at Warner Bros. Discovery, Inc..

“David M. Zaslav, Robert R. Bennett, John C. Malone, Paul A. Gould, Steven A. Miron and Steven O. Newhouse, Discovery’s designees pursuant to its rights under the Merger Agreement, and Samuel A. Di Piazza, Jr., Li Haslett Chen, Paula A. Price, Richard W. Fisher, Fazal Merchant, Debra L. Lee and Geoffrey Y. Yang, AT&T’s designees pursuant to its rights under the Merger Agreement, were elected to the Board.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.