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February 08, 2016 8:24 AM ET


Company Overview of Discovery Communications, Inc.

Company Overview

Discovery Communications, Inc. operates as a media company. The company operates through U.S. Networks; International Networks; and Education and Other segments. The company owns and operates television networks under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids. Its content spans genres, including survival, exploration, sports, lifestyle, general entertainment, heroes, adventure, crime and investigation, health, and kids. The company also distributes content across various platforms, such as brand-aligned Website...

One Discovery Place

Silver Spring, MD 20910

United States

6,800 Employees



Key Executives for Discovery Communications, Inc.

Chief Executive Officer, President, Director ,Member of Executive Committee, Chief Executive Officer of Discovery Communications Holding LLC and President of Discovery Communications Holding LLC
Age: 55
Total Annual Compensation: $3.0M
Chief Financial Officer and Senior Executive Vice President
Age: 49
Total Annual Compensation: $1.0M
President of Discovery Networks International
Age: 44
Total Annual Compensation: $992.1K
Chief Development, Distribution & Legal Officer
Age: 48
Total Annual Compensation: $1.2M
Chief Human Resources & Global Diversity Officer
Age: 60
Total Annual Compensation: $730.5K
Compensation as of Fiscal Year 2014.

Discovery Communications, Inc. Key Developments

Discovery Communications, LLC and Discovery Communications, Inc. Enter into Amended and Restated Credit Agreement

On February 4, 2016, Discovery Communications, LLC (DCL), certain wholly-owned subsidiaries of DCL (each a Designated Borrower and, together with DCL, the Borrowers), Discovery Communications, Inc. (Discovery), as Facility Guarantor, the lenders from time to time party thereto (the Lenders) and Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer (in its capacity as administrative agent, the Administrative Agent) entered into the Amended and Restated Credit Agreement, which amended and restated that certain Credit Agreement, dated as of June 20, 2014, among the Borrowers, Discovery, certain of the Lenders and the Administrative Agent.

IMAX and Discovery Communications Forge Global Distribution and Marketing Partnership for IMAX Original Documentary Content

IMAX Corporation announced a distribution and marketing partnership, which provides Discovery Communications' network Discovery Channel with 18 months of exclusive paid global television rights for up to 10 IMAX documentary films to be released through the IMAX Original Film Fund (Fund), following the titles' theatrical release across the IMAX institutional theatre network. The alliance marks IMAX's first television distribution agreement for original content. Under the partnership agreement, Discovery Channel will air IMAX documentaries worldwide following their theatrical IMAX release, and consult on development, production and marketing. The IMAX Original Film Fund was established in 2014 to deliver new educational documentaries for the Company's institutional partners, which include many of the world's most prestigious museums, science centers and aquariums. The Fund will finance an ongoing supply of educational documentaries that push the envelope of traditional documentary filmmaking for a new generation of moviegoers.

Turner Reportedly To Sell Its Russian Assets To Media Alliance

Turner Broadcasting System, Inc. is looking to sell its assets in Russia to Media Alliance, a joint venture between JSC National Media Group and Discovery Communications, Inc. (NasdaqGS:DISC.A), according to several media reports. According to the reports, Media Alliance will distribute Turner’s Cartoon Network, Boomerang and CNN channels in Russia.

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