People/Biz

Discovery sets date for presentation of global streaming service

Now it can be told — well, make that December 2. That’s the day when Discovery Inc. will unveil its plans and “overarching strategy” for its much-anticipated streaming service through a ...
November 19, 2020

Now it can be told — well, make that December 2.

That’s the day when Discovery Inc. will unveil its plans and “overarching strategy” for its much-anticipated streaming service through a virtual presentation and investor briefing.

The presentation is slated for 12:00 p.m. ET, followed by the investor briefing at 1:30 p.m. Both will be hosted on Discovery’s corporate website as well as the company’s investor relations site. Select financial info and replays of both webcasts will also be made available via the investors’ site.

During Discovery Inc.’s Q4 2020 earnings call Nov. 5, president and CEO David Zaslav (pictured) teased the briefing, saying plans for the streamer were now in “clear focus.”

“We’re going to go into real detail, we’re going to do an extensive discussion with full disclosure in early December, which we’re super excited about,” he said. “We’ll take you through — in every category — where we’re going, how we’re going, why we think we’re advantaged, how globally we think we can attack it, who’s helping us. The whole company has been focused on this… Early December, we’ll come out with the whole package and I think you’ll like it very much.”

In response to a question about whether the DTC service will be AVOD or SVOD, or a hybrid approach, he told investors: “Ultimately, we need to get our content in front of everyone everywhere in the world, but we’ll take you through what that balance is and which piece of that we’re going to go at hard. We’ve thought about it a lot.”

Speculation about the upcoming service has been bubbling in the industry and the media for months. As Digiday reported in September, Discovery had posted for several programming openings for their DTC initiative, with positions ranging from SVP of original series to VPs for lifestyle, factual programming and specials and documentaries.

(With files from Jillian Morgan)

About The Author

Menu

Search