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Discovery SVOD Services Top 20 Million Subscribers

Discovery Inc. Nov. 3 announced that its branded subscription streaming video services, led by Discovery+, ended the third quarter (Sept. 30) with 20 million subscribers. That’s up 3 million subs from the second quarter, (ended June 30).

Direct-to-consumer brands include Golf TV, Global Cycling Network, Food Network Kitchen and Eurosport Player. Discovery’s high-profile SVOD service launched in January, priced at $4.99 monthly with ads; and $6.99 without. Discovery+ features streaming access to myriad channels, including HGTV, TLC, Discovery, Magnolia Network, Investigation Discovery and Animal Planet, among others.

“We made great strides in the quarter operationally, financially and creatively,” CEO David Zaslav said in a statement.

Discovery in May acquired operational control of WarnerMedia for $43 billion, as part of a minority stake asset purchase from AT&T. The “Warner Bros. Discovery” deal, which includes control of Warner Bros. Pictures, HBO, HBO Max and Turner, is pending regulatory approval.

“We are very excited about our pending merger with WarnerMedia and the opportunity to bring these two companies together, combining iconic and globally cherished franchises and brands, and positioning us to more efficiently drive global scale across the combined portfolio,” he said.

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