Discovery, Inc. is an American multinational mass media factual television conglomerate based in New York City. Established in 1985, the company primarily operates 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, Asian Food Network, HGTV, and Travel Channel to its portfolio. Since the purchase, Discovery has described itself as serving members of "passionate" audiences, and has also placed a larger focus on streaming services built around its properties, such as Discovery+.
|Formerly||Discovery Communications (1994–2018)|
|Predecessor||Discovery Holding Company|
Scripps Networks Interactive
|Founder||John S. Hendricks|
230 Park Avenue South, New York City, New York,
|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)|
|Owner||John S. Hendricks (69%)|
Advance Publications (31%)
Number of employees
|Footnotes / references|
Discovery also owns or has 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 that it had proposed a merger between Discovery, Inc. and its media subsidiary WarnerMedia, which would be spun off into a new publicly-traded company to be known as Warner Bros. Discovery. The transaction was approved by the European Commission in December 2021 and it is expected to be completed in mid-2022.