Discovery, Inc.

Founded: 1985 | Founder: John Hendricks | Headquarters: New York, New York, United States | Ticker: WBD

History

Discovery began as a cable educational venture in Maryland, launching the Discovery Channel in 1985 under the leadership of John Hendricks Syndeo Institute Oral History. The company was originally incorporated as Discovery Communications and later rebranded to Discovery, Inc. after completing its acquisition of Scripps Networks Interactive in March 2018, adding lifestyle brands such as HGTV and Food Network to its portfolio Discovery Press Release (Scripps Acquisition).

In 2019 the corporate headquarters moved from Silver Spring, Maryland to a new office in New York City, reflecting the company's growth and strategic shift Washington Post.

Corporate Structure & Brands

Discovery, Inc. operated two primary segments:

–U.S. Networks: 16 national channels including Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, Animal Planet, and Science Channel.
–International Networks: Global versions of many of the same brands plus Magnolia Network, OWN, Eurosport, and Discovery Kids. These brands are listed in the 2021 SEC filing and the 2021 annual report, confirming the breadth of the portfolio SEC Filing and Discovery 2021 Report.

Revenue in 2021 amounted to $7.7 billion from U.S. Networks and $4.5 billion from International Networks, underscoring the company's global reach.

Merger with WarnerMedia

In April 2022, Discovery merged with WarnerMedia, creating Warner Bros. Discovery. The transaction closed with AT&T receiving cash and shares, while Discovery shareholders retained a majority stake. The new entity began trading under the ticker WBD on the Nasdaq. Leadership shifted to CEO David Zaslav, who will oversee the combined portfolio of scripted and unscripted content Warner Bros. Discovery Press Release and Reuters.

Discovery, Inc.

Founded: 1985 | Founder: John Hendricks | Headquarters: New York, New York, United States | Ticker: WBD

History

In 2019 the corporate headquarters moved from Silver Spring, Maryland to a new office in New York City, reflecting the company's growth and strategic shift Washington Post.

Corporate Structure & Brands

Discovery, Inc. operated two primary segments:

–U.S. Networks: 16 national channels including Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, Animal Planet, and Science Channel.
–International Networks: Global versions of many of the same brands plus Magnolia Network, OWN, Eurosport, and Discovery Kids. These brands are listed in the 2021 SEC filing and the 2021 annual report, confirming the breadth of the portfolio SEC Filing and Discovery 2021 Report.

Revenue in 2021 amounted to $7.7 billion from U.S. Networks and $4.5 billion from International Networks, underscoring the company's global reach.

Discovery, Inc.

Discovery, Inc.

History

Corporate Structure & Brands

Merger with WarnerMedia

See Also

Discovery, Inc.

Discovery, Inc.

History

Corporate Structure & Brands

Merger with WarnerMedia

See Also