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Discovery Ended 2021 With 22 Million OTT Video Subs, Including Discovery+

Discovery Feb. 24 announced it ended fiscal 2021 (Dec. 31) with 22 million direct-to-consumer subscribers, which includes upstart SVOD service Discovery+ and Eurosport.com, an increase of 2 million subscribers since the end of Q3 (ended Sept. 30, 2021).

Discovery, which is home to HGTV and the Magnolia Network, is awaiting regulatory approval of its $43 billion minority stake/operational control acquisition of WarnerMedia from AT&T, which includes Warner Bros., HBO and Turner. Discovery shareholders will vote on the move on March 11.

As previously disclosed, Discovery said the broadcast of the 2022 Olympic Winter Games from Beijing produced strong results across Discovery’s European television network and streaming products, including Discovery+, which saw an increased number of new paid streaming subscribers, the total of which exceeded PyeongChang 2018 by almost 50%. Additionally, well over half of all new Olympics subscribers engaged with discovery+’s entertainment content, which includes most U.S.-based do-it-yourself programs.

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“2021 was by all measures an exceptional year for our company, in which we achieved significant operational, financial and strategic objectives,” CEO David Zaslav said in a statement. “All of which position us well to take advantage of the remarkable opportunities ahead for Warner Bros. Discovery, which we believe will be among the world’s most dynamic media companies.”

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