DISCB - Discovery, Inc.

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
37.75
+0.49 (+1.32%)
As of 9:31AM EST. Market open.
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Previous Close37.26
Open37.75
Bid34.00 x 1000
Ask41.54 x 900
Day's Range37.75 - 37.75
52 Week Range27.80 - 40.16
Volume129
Avg. Volume142
Market Cap16B
Beta (3Y Monthly)1.64
PE Ratio (TTM)16.97
EPS (TTM)2.22
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est30.00
  • Bloomberg

    Streaming Service Quietly Gathers More Subscribers Than ESPN+

    (Bloomberg) -- Any list of the most-popular online TV services begins with Netflix, Amazon and Hulu. But after those comes an unlikely success story of the streaming revolution: CuriosityStream, a service for kids and adults that’s devoted to subjects like science and nature.CuriosityStream, founded by Discovery Channel creator John Hendricks, has eclipsed 10 million subscribers, the company said Tuesday. That’s more than ESPN+, HBO Now, CBS All Access or the WWE app, and up from just a million last December.Its growth offers a possible blueprint for the many small services pondering their fate now that Walt Disney Co., Apple Inc., Comcast Corp. and AT&T Inc. are spending billions of dollars to compete with Netflix Inc.CuriosityStream has outpaced competitors by embracing a model pioneered by cable TV. Rather than trying to market the service on its own, Hendricks and Chief Executive Officer Clint Stinchcomb have sold it to pay-TV operators who bundle it for their own video and internet customers.“From the beginning, I never wanted to be a niche service,” Hendricks said in an interview. “If you say niche service, people think of a special interest that only appeals to a small segment. We have a universally appealing service.”Hendricks founded CuriosityStream in 2015, shortly after he left Discovery Inc., the media giant that owns TLC, Animal Planet and its namesake TV network. Hendricks started the Discovery Channel in 1985, in the early days of cable TV, and saw an opportunity to build an online business around the same fact-based programming that made Discovery a $21.7 billion company.Stinchcomb, a Discovery veteran, came aboard in June 2017 and became CEO last year.Quantum PhysicsFor CuriosityStream, Hendricks acquired the rights to thousands of episodes of TV about Stephen Hawking, quantum physics and Mars, and commissioned original shows about the history of food and the solar system.But Stinchcomb and Hendricks soon realized their audience would be limited if they tried to take on Netflix and Amazon alone. They saw Netflix making deals with cable operators and concluded being part of a larger bundle could help them, too.“We want to make a service that can take advantage of the full addressable market internationally,” Hendricks said. “The opportunity is limitless.”Customers can now buy CuriosityStream several ways. They can pay $2.99 a month or $19.99 a year for a subscription -- either straight from the company or through third parties such as Amazon.com Inc. and T-Mobile US Inc. Some people get CuriosityStream as part of a corporate membership through their employer.Cable AlliesBut the largest share of customers some through pay-TV services. Altice USA Inc., StarHub Ltd. in Singapore, Mexico’s Totalplay and providers across the Caribbean, India and Africa all pay CuriosityStream a flat fee to include its programming in their packages. Next year, the service will be available in nine Latin American countries through Millicom International Cellular SA.Whether CuriosityStream has settled on the best model for smaller streaming services remains to be seen. The company isn’t profitable yet and remains much smaller than the largest players.In February, CuriosityStream raised $140 million in a private placement to fund its expansion. Its new investors included Blum Capital Ventures and TimesSquare Capital Management.As more services come into the market, they will add programming that competes with CuriosityStream. But the company has already outlived streaming services devoted to niches like classic movies and comedy.“There will be a massive amount of carnage,” Stinchcomb said. “There are at least 250 subscription video services. Some will be shut down for economic reasons, and others because they don’t fit into bigger companies’ broader strategies.”To contact the reporter on this story: Lucas Shaw in Los Angeles at lshaw31@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Even ‘Nice’ Activist Hedge Funds Aren't Miracle Workers
    Bloomberg

    Even ‘Nice’ Activist Hedge Funds Aren't Miracle Workers

    (Bloomberg Opinion) -- Say what you like about outspoken activist hedge fund investors such as Carl Icahn, Bill Ackman, Paul Singer or Dan Loeb but at least you know where they stand. Nowadays it’s more fashionable for activist funds to refrain from public criticism and work constructively behind the scenes to help managers turn around a business.This is fine, but it becomes a problem when one of the “kindly” investor types resigns abruptly from a board seat they’d pushed to obtain, without providing much explanation. Shares in Rolls-Royce Holdings Plc tumbled as much as 5% on Tuesday when Bradley Singer, a representative of Jeffrey Ubben’s ValueAct Capital, said he has stepped down as a director. ValueAct is the British aircraft engine maker’s largest shareholder.After serving almost four years on the board, Singer said the company was now on a “solid path forward.” His praise rang a little hollow, however, because Rolls-Royce’s shares are close to three-year lows. ValueAct didn’t help matters by failing to clarify whether it plans to keep its stake of about 9%.Singer’s departure may in fact signal that there are limits to what activist investors can achieve, even the ones who ask politely.In fairness, Rolls-Royce is a different company to the one ValueAct bought into. Under chief executive Warren East, it has cut costs, slashed jobs and overhauled a famously bureaucratic culture. The company has ramped up production and reduced upfront losses on engine sales (engine makers typically make money in servicing, not selling the equipment). Its struggling commercial marine business has been sold. Mission accomplished? Hardly. Because of engineering problems involving the Trent engines it supplies for Boeing Co.’s 787 Dreamliner, Rolls-Royce is a long way from being “fixed.” The company will have spent 2.4 billion pounds ($3.2 billion) between 2017 and 2023 dealing with the early deterioration of engine blades, a cash outflow the debt-laden manufacturer can ill afford. Standard & Poors cut its long-term credit rating last month to BBB-, one notch above junk.Fixing the Trent engines is partly a logistics issue — making sure customers are inconvenienced as little as possible while their planes are grounded for repairs. But it’s also an engineering challenge: Rolls-Royce designed a new high-pressure turbine blade for the Trent 1000 TEN engine variant only to discover that it didn’t provide the necessary durability.Getting this right is something Singer, a former Goldman Sachs Group Inc. banker and finance director of Discovery Communications Inc., would have had relatively little influence over. Yet after attending scores of board meetings, he should at least have been well-versed in what is ailing Rolls-Royce. His decision to step away isn’t reassuring.To contact the author of this story: Chris Bryant at cbryant32@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Is Discovery, Inc. (DISCA) A Good Stock To Buy?
    Insider Monkey

    Is Discovery, Inc. (DISCA) A Good Stock To Buy?

    Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]

  • HGTV Opens The Doors To The Spectacular HGTV Dream Home 2020 On The Coveted Hilton Head Island, South Carolina
    PR Newswire

    HGTV Opens The Doors To The Spectacular HGTV Dream Home 2020 On The Coveted Hilton Head Island, South Carolina

    HGTV today unveiled the 24th edition of HGTV® Dream Home, a sprawling Southern-style approximately 3,500-square-foot home on the highly sought-after destination Hilton Head Island, South Carolina. HGTV, a member of the Discovery, Inc. family of brands, will award the newly built, fully furnished residence to the grand prize winner, along with a brand new Honda Passport Elite and $250,000 from Rocket Mortgage® by Quicken Loans®, a prize package valued at over $2 million.

  • PR Newswire

    'AKC National Championship Dog Show Presented By Royal Canin' To Air On Animal Planet On New Year's Day

    Bring in the new year with one of the world's largest and most prestigious dog shows, The AKC National Championship Presented by Royal Canin, returns to Animal Planet as a three-hour special on Monday, Jan. 1, 2020 at 6 p.m. ET/PT. An encore of the special will air two hours following the conclusion of the premiere beginning at midnight, and re-airs will be available on AKC.TV.

  • Should You Buy Discovery, Inc. (DISCK)?
    Insider Monkey

    Should You Buy Discovery, Inc. (DISCK)?

    It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]

  • Discovery CEO predicts 'carnage' in streaming wars
    Yahoo Finance

    Discovery CEO predicts 'carnage' in streaming wars

    Apart from its streaming ambitions, the big question about Discovery will be: What might it buy next?

  • PR Newswire

    Discovery CEO Of Global Direct-To-Consumer Peter Faricy to Present At The Wells Fargo TMT Summit

    SILVER SPRING, Md. , Nov. 21, 2019 /PRNewswire/ -- Discovery (Nasdaq: DISCA, DISCB, DISCK) today announced that Peter Faricy , CEO of Global Direct-to-Consumer will present at the Wells Fargo TMT Summit ...

  • Bloomberg

    Everyone Gets Paid in CBS-Viacom Except Shareholders

    (Bloomberg Opinion) -- Is it just me, or does the $100 million “severance” being paid to Joe Ianniello, the acting chief executive officer of CBS Corp., stink to high heaven? For starters, you can make a pretty compelling Elizabeth Warren-esque argument that handing a $100 million “severance” to someone who is not, in fact, leaving the company is exactly why income inequality has become such a hot-button issue.But let’s be old school about this. Let’s focus on the shareholders and how this is their money that’s being handed to Ianniello. It is also an unpleasant reminder of how the father-daughter combo of Sumner and Shari Redstone seemingly can’t resist throwing hundreds of millions of dollars at executives who have not done much for their stockholders.The Redstones, of course, control CBS through their privately held film exhibition company, National Amusements Inc. They also control Viacom Inc., which Sumner Redstone bought for $3.4 billion in 1987. (Viacom acquired CBS in 1999.) Until 2016, Sumner Redstone, now 96, was the executive chairman of both companies, though he had largely disappeared from public view two years earlier amid allegations that he was in serious decline. Shari Redstone, 65, is the vice chairman of both companies.In 2003, when CBS was still part of Viacom — and Sumner Redstone was still in charge — Les Moonves became its CEO, a position he retained when CBS was spun off in late 2005. Between 2007 and 2018, when Moonves was fired for sexual improprieties, the CBS board, led by the Redstones, paid him just shy of $700 million, according to figures compiled by Bloomberg. That’s an average of $63.6 million a year.I happen to think that $63 million a year is an absurd amount to pay a manager to run a company. But even if you accept that entertainment companies pay their executives insane amounts — Discovery Inc. paid its CEO, David Zaslav $129.4 million last year, for crying out loud — it is reasonable to assume that such an outsized paycheck would be justified by outsized performance.Not so. During the Moonves era at CBS, the S&P 500 Index returned an average of 9% a year. CBS returned 8.7% a year. In other words, the Redstones and the CBS board paid hundreds of millions of dollars of its shareholders’ money to a man who could barely keep pace with an index fund. (By comparison, the Walt Disney Co. returned 14.6%, and 21st Century Fox returned 10.5%.)The situation at Viacom is even worse. Remember Philippe Dauman, the former CEO whom Sumner Redstone once called “the wisest man I know”? He ran Viacom for a decade, from 2006 to 2016. According to Equilar, a company that compiles executive compensation figures, his compensation during those 10 years was nearly $500 million — while the stock gained a paltry 2.7% a year on average. You may recall that Dauman wound up in a nasty court fight with the Redstones in 2016, trying to keep his job by contending that Sumner Redstone was no longer mentally competent to make key business decisions. After winning that battle, the Redstones still handed Dauman a parting gift as they pushed him out the door: a $75 million severance package.Which brings us back to Ianniello. Although he has been acting CEO only since Moonves departed late last year, Ianniello has also been the recipient of the Redstones’ largesse: Between 2016 and 2018, as the company’s chief operating officer, his compensation averaged $27 million a year, according to Bloomberg. The stock? It dropped from the low 70s to the mid-40s during those three years. This is what’s known as “pay for pulse.”So why did Shari Redstone feel the need to hand Ianniello an additional $100 million? The reasons are twofold. First, Redstone is recombining Viacom and CBS. She doesn’t want Ianniello to leave — at least not right away — but she also isn’t going to make him the top dog. Second, for legal reasons, she can’t ramrod this deal through by herself, even though she is the controlling shareholder. She needs the CBS board and senior management to support the bid. “You need Joe to get the merger done,” Robin Ferracone, the CEO of executive compensation consulting firm Farient Advisors, told Bloomberg. “So you need to make him indifferent to whether he’s going to lose his job or not.”Yes, $100 million is certainly likely to buy a whole lot of indifference. Then again, $10 million probably could have achieved the same result. And in any case, if Shari Redstone needs $100 million to, er, persuade one of her executives to support her merger plan, maybe that suggests the merger’s success is not exactly a slam dunk.I have a hard time seeing how combining two underperforming media companies with a hodgepodge of assets will create a worthy competitor to powerhouses such as Disney, which rolled out its Disney+ streaming service on Tuesday morning, and AT&T, which next year will bundle its media assets into another streaming entrant, HBO Max. But Shari Redstone wants to combine Viacom and CBS, and with the help of that $100 million, that’s what’s going to happen. When the companies are merged, which is expected to take place next month, the CEO of the combined entity will be Bob Bakish, who is Viacom’s CEO.Since he took over Viacom, Bakish’s compensation has been surprisingly normal, at least by modern CEO standards. According to company filings, he received about $20 million a year in total pay in 2017 and 2018.But fear not. Once the deal is done, Bakish’s pay is set to jump to more than $30 million. I predict that he’ll be in Moonves/Dauman territory in no time. After all, overpaying executives is the Redstone way.To contact the author of this story: Joe Nocera at jnocera3@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Joe Nocera is a Bloomberg Opinion columnist covering business. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. His latest project is the Bloomberg-Wondery podcast "The Shrink Next Door."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • How Liquidity Shortage is Fueling Explosive Stock Swings
    Investopedia

    How Liquidity Shortage is Fueling Explosive Stock Swings

    Goldman Sachs says falling liquidity has boosted volatility during Q3 earnings season. Stocks with low liquidity move 12% more than normal.

  • PR Newswire

    Discovery, Inc. Reports Third Quarter 2019 Results

    SILVER SPRING, Md. , Nov. 7, 2019 /PRNewswire/ -- Discovery, Inc. ("Discovery" or the "Company") (NASDAQ: DISCA, DISCB, DISCK) today reported financial results for the quarter ended ...

  • Benzinga

    Discovery Q3 Earnings Outlook

    Discovery (NASDAQ: DISCA ) releases its next round of earnings this Thursday, November 7. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report. Earnings and Revenue ...

  • 6 Stocks That Can Win the Pay TV Streaming Wars
    Investopedia

    6 Stocks That Can Win the Pay TV Streaming Wars

    Video streaming services are proliferating rapidly, with a growing number of deep pocketed players getting into the game. A shakeout is inevitable.

  • PR Newswire

    Discovery Chief Financial Officer Gunnar Wiedenfels To Present At The Morgan Stanley European Technology, Media & Telecom Conference

    SILVER SPRING, Md. , Oct. 29, 2019 /PRNewswire/ -- Discovery (Nasdaq: DISCA, DISCB, DISCK) today announced that Chief Financial Officer Gunnar Wiedenfels will present at the Morgan Stanley European Technology, ...

  • PR Newswire

    Discovery, Inc. and Comscore Announce Broad Strategic Partnership Across Measurement, Targeting and Segmentation

    NEW YORK, Oct. 28, 2019 /PRNewswire/ -- Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) and Comscore, a trusted partner for planning, transacting and evaluating media, today announced a number of multi-year strategic agreements for the use of Comscore's audience measurement and consumer insights tools, as well as for a deeper partnership that will innovate the next generation of measurement capabilities. The agreements expand the partnership between the two companies and further integrate Comscore's suite of products across Discovery's platforms, including Comscore's TV Essentials (TVE) for advanced advertising, and Comscore's Campaign Ratings (CCR), which offer significant advancement in demonstrating the multi-platform reach of an advertising campaign.

  • PR Newswire

    Chip and Joanna Gaines, Discovery Inc. Announce Magnolia Network's First Original Series Featuring Musical Duo JOHNNYSWIM

    WACO, Texas, Oct. 22, 2019 /PRNewswire/ -- Discovery, Inc.'s joint-venture with Chip and Joanna Gaines today announced the first original series for the couple's upcoming Magnolia network: Home on the Road (WT). The six-episode series will follow husband and wife Abner Ramirez and Amanda Sudano Ramirez as they tour North America with their band JOHNNYSWIM, complete with son Joaquin (4) and daughter Luna (12 months) in tow. "Amanda and Abner are magnetic," said Chip and Joanna Gaines.

  • PR Newswire

    Discovery, Inc.'s Food Network Kitchen Officially Launches in U.S.

    First-ever Live, Interactive Cooking Product to Launch with All-Star Line-up of Live Classes from Top Food Network Chefs and Global Culinary Leaders and Influencers Limited-Time Discounted Price of $47.99 ...

  • Here is What Hedge Funds Think About Discovery, Inc. (DISCA)
    Insider Monkey

    Here is What Hedge Funds Think About Discovery, Inc. (DISCA)

    Is Discovery, Inc. (NASDAQ:DISCA) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. […]

  • 7 Underpriced Stocks With Biggest Upside as Market Stages 4Q Rally
    Investopedia

    7 Underpriced Stocks With Biggest Upside as Market Stages 4Q Rally

    Goldman Sachs names 7 stocks with wide gaps between their current and target prices that could soar.

  • PR Newswire

    From Oscar® Winners Alex Gibney And Steven Spielberg, Discovery en Español's Timely New Series ¿POR QUÉ ODIAMOS? Debuts Globally Sunday, October 13

    From horrific extremes such as the Holocaust or the Rwandan genocide, when hate has fueled mass destruction, to everyday incidents like playground bullying or malicious trolling on social media, hate shapes our lives in myriad ways. Executive produced by filmmaking heavyweights Alex Gibney and Steven Spielberg and directed by Geeta Gandbhir and Sam Pollard (Emmy® winners for "When The Levees Broke: A Requiem in Four Acts"), ¿POR QUÉ ODIAMOS?

  • PR Newswire

    Fastest Growing Colombian Broadcast Network Canal 1 Reaches Content and Commercial Partnership Deal with Discovery Colombia

    MIAMI, Oct. 3, 2019 /PRNewswire/ -- Hemisphere Media Group, Inc. (HMTV) ("Hemisphere" or the "Company"), the only publicly traded pure-play U.S. media company targeting the high growth U.S. Hispanic and Latin American markets with leading broadcast and cable television and digital content platforms, today announced that Canal 1, one of three national broadcast networks in Colombia, has entered into a content and commercial partnership deal with the leader in real-life entertainment, in which some of Discovery's most popular programs will air on Canal 1 during select dayparts throughout the week.

  • PR Newswire

    Discovery To Report Third Quarter 2019 Results On Thursday, November 7

    SILVER SPRING, Md. , Oct. 2, 2019 /PRNewswire/ -- Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) will report its third quarter 2019 results on Thursday, November 7, 2019 , at 7:00 a.m. ET . The Company ...

  • PR Newswire

    Discovery, Inc. Re-imagining the Direct-to-Consumer Experience with First-of-its-kind Product Offering

    Food Network Kitchen to Launch in U.S. in October First-Ever LIVE, Interactive Cooking Platform with Top Food Network Chefs and Global Culinary Leaders 25 LIVE Cooking Classes Each Week, 5 Daily Cooking ...