Discovery, Inc.
American factual media company (1985–2022) / From Wikipedia, the free encyclopedia
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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.
Formerly | Cable Educational Network Inc. (1985–1994) Discovery Communications, LLC (1994–2018) |
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Company type | Public |
Industry | Mass media |
Predecessors | Discovery Holding Company Scripps Networks Interactive |
Founded |
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Founder | John Hendricks |
Defunct | April 8, 2022; 2 years ago (2022-04-08) |
Fate | Merged with WarnerMedia to form Warner Bros. Discovery. |
Successor | Warner Bros. Discovery |
Headquarters | 230 Park Avenue South, New York City, New York , |
Area served | Worldwide |
Key people |
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Products | Factual television |
Revenue | US$10.671 billion (2020) |
US$2.515 billion (2020) | |
US$1.355 billion (2020) | |
Total assets | US$34.087 billion (2020) |
Total equity | US$12.000 billion (2020) |
Number of employees | 9,800 (2020) |
Divisions |
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Subsidiaries |
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Website | corporate.discovery.com (archived November 26, 2018) |
Footnotes / references [1][2][3][4] |
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.