New York: Discovery, Inc. has announced it will host a presentation followed by an investor briefing on Wednesday, December 2, 2020, starting at 12:00 p.m. ET, to discuss its plans to launch a global streaming service, including the overarching strategy for the platform.
The presentation will be held virtually at 12:00 p.m. ET, followed by a separate investor briefing at 1:30 p.m. ET. The webcasts will be available on both the corporate homepage https://corporate.discovery.com/ and the Company’s Investor Relations’ website https://ir.corporate.discovery.com/. Select financial information and replays of both webcasts will also be made available on the Investor Relations’ website.
What is on offer is global streaming service with localized content. The company CEO David Zaslav recently announced that it was putting the finishing touches on bringing an aggregated direct-to-consumer product to the market in the U.S. and enhancing SVOD services in international markets.
He indicated that Discovery was taking a global view on its streaming strategy on the lines of Walt Disney and its streaming service Disney+ offering. The company is planning to target the those who are eager to access its content outside of traditional pay TV.
Discovery, Inc delivers over 8,000 hours of original programming each year and has category leadership across deeply loved content genres around the world. Available in 220 countries and territories and nearly 50 languages, Discovery is a platform innovator, reaching viewers on all screens, including TV Everywhere products such as the GO portfolio of apps; direct-to-consumer streaming services such as Food Network Kitchen and MotorTrend OnDemand; digital-first and social content from Group Nine Media; a landmark natural history and factual content partnership with the BBC; and a strategic alliance with PGA TOUR to create the international home of golf. Discovery’s portfolio of premium brands includes Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, MotorTrend, Animal Planet, Science Channel, and the forthcoming multi-platform JV with Chip and Joanna Gaines, Magnolia Network, as well as OWN: Oprah Winfrey Network in the U.S., Discovery Kids in Latin America, and Eurosport, the leading provider of locally relevant, premium sports and Home of the Olympic Games across Europe.