2024-03-05 11:56:31 ET
Warner Bros. Discovery Inc (WBD)
Morgan Stanley 2024 Technology, Media and Telecom Conference
March 04, 2024 6:40 PM ET
Company Participants
Jean-Briac Perrette - President and CEO of Global Streaming & Games
Conference Call Participants
Benjamin Swinburne - Morgan Stanley
Presentation
Benjamin Swinburne
Good afternoon. We're going to get started. A quick disclosure statement. Please note that important disclosures, including my personal holdings disclosures and Morgan Stanley disclosures all appear as a handout available in the registration area and on the Morgan Stanley public website.
I'm Ben Swinburne, Morgan Stanley's Media and Entertainment analyst, and I'm really happy to welcome JB Perrette, the CEO and President of Global Streaming and Games from Warner Bros. Discovery. JB, thanks for coming up.
Jean-Briac Perrette
Great to have you. Great to be here.
Benjamin Swinburne
Absolutely. So we're going to talk streaming and games because that's obviously your area of focus, and there's a lot to unpack there. But I wanted to start off with some maybe a couple of higher-level questions at the Warner Bros. Discovery kind of parent level. So it's almost a 2-year anniversary of the Warner Media and Discovery merger.
And certainly, a lot has transpired at the industry and the company level since that deal was announced, let alone closed. How would you summarize what you and the broader team have been focused on the last couple of years? And how are you feeling about the outlook from here?
Jean-Briac Perrette
Look, when we closed the deal, we said we're really going to focus on 3 key things. And I think we've been hard at work trying to drive those 3 things. At the end of the day, also, this is a -- particularly on the scripted entertainment side, this is a long-cycle business, and so it doesn't -- the ship doesn't turn in 1 quarter or 2 quarters, it takes time....
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Warner Bros. Discovery Inc (WBD) Morgan Stanley 2024 Technology, Media and Telecom Conference (Transcript)