Hasbro and WBD have most recently renewed their contract through the end of March 2025. Discovery Networks, with Cartoon Network president Michael Ouweleen now overseeing the channel. Discovery brought Discovery Family under the Entertainment Group division of Warner Bros. In 2014, Loesch stepped down, and the network was rebranded as Discovery Family at that time, Discovery began programming the channel's primetime schedule with family-oriented factual programming (including Discovery library programs), while leaving Hasbro responsible for programming its daytime schedule as a minority partner.
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Some of its original programming would include adaptations of Hasbro-owned properties, such as game shows based on its board games, and animated series produced as a part of the toy lines such as My Little Pony, Pound Puppies, and Transformers. The relaunch pivoted the channel towards a general entertainment format, with dayparts targeting preschool, youth, and family audiences respectively. In 2010, Discovery Kids was relaunched as The Hub (later Hub Network) as part of a joint venture with Hasbro led by veteran executive Margaret Loesch. The channel was originally launched by Discovery Communications (later Discovery, Inc.) on Octoas Discovery Kids, a spin-off of Discovery Channel which primarily featured science and nature-themed programming aimed towards a youth audience.
Discovery (WBD) and Hasbro Entertainment. WATCH: Bob Iger's first 100 days after returning as Disney CEO.Discovery Family is an American cable television channel co-owned by Warner Bros. While activist investor Dan Loeb last year pushed for Disney to spin out or sell ESPN, Iger said there are no plans for that.ĭisclosure: Comcast's NBCUniversal is the parent company of CNBC. Pitaro announced Wednesday he's streamlining management underneath him to reduce his number of direct reports. The move may bring ESPN's finances under closer scrutiny during earnings calls. Discovery are also emphasizing licensing content to rival streaming services to increase revenue rather than keep the content exclusive.ĭisney CEO Bob Iger announced a company-wide reorganization last month that made ESPN a standalone division, run by ESPN Chairman Jimmy Pitaro. That's limited competitive pressures and promoted working together.
Media companies have also begun trading in lockstep as streaming growth has slowed. Company executives have emphasized they want investors to prioritize revenue and profit rather than subscriber growth, a trend started by other media companies, including Netflix and Warner Bros. Disney is less focused on gaining streaming subscribers - and eyeballs - at all costs.
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If a customer already subscribes to a given service, ESPN would collect no money and just provide the link as a courtesy, people familiar with the matter said.ĮSPN may also alert users to games that air on linear TV, cementing its new role as the TV guide of live sports, the people said.ĮSPN's willingness to promote other streaming services suggests a strategic shift in the streaming wars. While the business terms of the concept could still change, ESPN has considered a model in which it would take a cut of subscription revenue from a user who signed up for a streaming service through the ESPN app or website, two of the people said. Still, ESPN has broached the idea to the major sports leagues and media companies to gauge their enthusiasm, the people said. The actual media partners haven't yet been determined, and there's no timeline on when such a feature would launch, said the people, who asked not to be named because the discussions are private. That could include national or global streaming services, such as Apple TV+ and Amazon Prime Video, or a regional sports service such as Sinclair's Bally Sports+ or Madison Square Garden Entertainment's MSG+. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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