Quote:
This week’s Tech Insights report looks at Discovery, the soon to be owners of Mediaworks. Discovery is best known for its flagship “Discovery Channel”, with such shows as ‘Man vs Wild’ and ‘Shark Week’.
Discovery has been involved in multiple acquisitions and capital raise events. More than doubling its net debt over the last 5 years. Acquisitions have focused on a range of entertainment providers including Golf Digest, the Oprah Whimpey Network, and Euro Sport. Discovery’s major acquisition to date was their purchase of Scripps Networks Interactive for US$15.4 billion in 2018.
It is interesting to compare the performance of Discovery with other well-known content providers, many of whom have struggled to maintain growth. The obvious exception is Netflix.
We hope you enjoy this week’s Tech Insights, it will be interesting to see how this plays out and what changes Discovery makes at Mediaworks. As always, if you know anyone who would like to be added to the distribution list – please email.