Discovery, Inc.

Discovery, Inc.
FormerlyCable Educational Network Inc. (1982–1994)
Discovery Communications, LLC (1994–2018)
Company typePublic
IndustryMass media
PredecessorsDiscovery Holding Company
Scripps Networks Interactive
Founded
  • 1982; 42 years ago (1982) (Cable Educational Network)
  • 1994; 30 years ago (1994) (Discovery Communications)
FounderJohn Hendricks[1][citation needed]
DefunctApril 8, 2022; 2 years ago (2022-04-08)
FateMerged with WarnerMedia to form Warner Bros. Discovery.
SuccessorWarner Bros. Discovery
Headquarters230 Park Avenue South,
New York City, New York
,
United States
Area served
Worldwide
Key people
ProductsFactual television
RevenueDecrease US$10.671 billion (2020)
Increase US$2.515 billion (2020)
Decrease US$1.355 billion (2020)
Total assetsIncrease US$34.087 billion (2020)
Total equityIncrease US$12.000 billion (2020)
Number of employees
9,800 (2020)
Divisions
Subsidiaries
Websitecorporate.discovery.com
(archived November 26, 2018)
Footnotes / references
Financials as of December 31, 2019.[2][3][4][5]

Discovery, Inc. was an American multinational mass media factual television conglomerate based in New York City. Established in 1982, the company operated a group of factual and lifestyle television brands, such as the namesake Discovery Channel, Animal Planet, Science Channel, and TLC. In 2018, the company acquired Scripps Networks Interactive, adding networks such as Food Network, HGTV, and Travel Channel to its portfolio. Since the purchase, Discovery described itself as serving members of "passionate" audiences, and also placed a focus on streaming services built around its properties.

Discovery owned or had interests in local versions of its channel brands in international markets, in addition to its other major regional operations such as Eurosport (a pan-European group of sports channels, most prominently the rightsholder of the Olympic Games throughout most of Europe), GolfTV (an international golf-focused streaming service, which is the international digital rightsholder of the PGA Tour), Discovery Communications Nordic (which operates general-interest channels in Norway, Sweden, Denmark and Finland), TVN Group in Poland, and a portfolio of various free-to-air channels in Germany, Italy, New Zealand, and the United Kingdom.

In May 2021, AT&T announced its proposal to merge its media subsidiary WarnerMedia with Discovery, Inc. The transaction was approved by the European Commission in December 2021 and was completed on April 8, 2022, forming Warner Bros. Discovery.

  1. ^ "John S. Hendricks". wvstatemuseumed.wv.gov. Retrieved September 13, 2021.
  2. ^ "Discovery Selects 230 Park Avenue South As New Global Headquarters – Discovery, Inc". corporate.discovery.com. Retrieved June 28, 2022.
  3. ^ "US SEC: 2019 Form 10-K Discovery, Inc". U.S. Securities and Exchange Commission. February 26, 2020. Retrieved January 30, 2021.
  4. ^ "Discovery 10-K 2020". Discovery. Retrieved February 26, 2021.[permanent dead link]
  5. ^ "Discovery Selects 230 Park Avenue South As New Global Headquarters". Discovery. Retrieved September 15, 2021.