What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2023-02-24 compared with 2022-02-24 · 73 added, 23 removed, 1 unchanged (99% of the section changed)

We own and lease approximately 2.94 million square feet of building space in 116 locations around the world.

In the U.S., we own and lease approximately 1.46 million square feet of building space at 27 locations representing 398 thousand square feet of owned space and 1.06 million square feet that we lease.

Principal locations in the U.S.

• a Global Headquarters in New York, New York, primarily used for general office space by various business units including Ad Sales, U.S.

Networks, DTC, Corporate functions and Discovery Digital Studios and production space used for U.S.

• two owned offices in Knoxville, Tennessee, used for general office space and for technology support and content production (including studios and production support space), respectively, and one leased warehouse space;

• two leased offices in Los Angeles, California, used for general office space by our U.S.

Networks, U.S.

Ad Sales, Corporate Operations functions, and by our U.S.

Networks, content production functions (including production support space), respectively;

• a planned new office in Bellevue, Washington that will house the DTC business unit once fully completed;

• an owned technical facility in Sterling, Virginia, used to manage all technical aspects of most of our global linear and digital businesses.

• a leased office in Miami, Florida, primarily used for general office space by our International Networks segment;

We also own and lease approximately 1.48 million square feet of building space at 89 locations outside of the U.S., representing 299 thousand square feet of owned space in Poland and 1.18 million square feet that we lease.

In Poland, our TVN business unit has 31 locations including 299 thousand square feet of owned space and 390 thousand square feet that we lease.

The TVN office locations are used for linear and digital news and entertainment content production, including studios, warehouse, production, technology, broadcasting and supporting office space, and are located primarily in Warsaw and Krakow.

Other principal locations outside of the U.S.

include the Office, Production and Playout space in the U.K.

and France, and Office and Production space in New Zealand, Denmark, Norway, Germany, and Italy.

We have undertaken consolidations across the global portfolio, resulting in a reduction of approximately 391 thousand square feet, primarily through consolidation of offices in New York City and we are rationalizing our overall real estate footprint as individual leases expire.

The Company’s headquarters are located in New York City at 230 Park Ave.

The Company owns and leases approximately 21 million square feet of offices;

technical, production and warehouse spaces;

communications facilities;

and other properties in numerous locations in the U.S.

and around the world for its businesses.

Each property is considered to be in good condition, adequate for its purpose, and suitably utilized according to the individual nature and requirements of the relevant operations housed within.

Our policy is to improve and replace property as considered appropriate, to efficiently meet the needs of the individual operations.

Our facility management response to COVID-19 is dynamic and ongoing, with regular adjustments made to ensure our site teams continue to follow guidelines issued by local, national, and regional public and government health authorities.

Our enhanced cleaning and disinfection programs have remained in place since the beginning of the pandemic and we have assessed environmental and building infrastructural components such as air quality, ventilation, and filtration for all of our locations, with remedial actions undertaken where necessary.

The following table sets forth information as of December 31, 2022 with respect to the Company’s principal properties:

Location Principal Use Approximate

Square Footage Type of Ownership;

Expiration Date of Lease

230 Park Ave South Studios, Networks, DTC, & Corporate 360,000 Leased;

Lease expires in 2037.

30 Hudson Yards Studios, Networks, DTC, & Corporate 1,500,000 Leased;

Lease expires in 2034.

The Warner Bros.

Studios Studios 2,600,000 Owned.

Leavesden, UK

Leavesden Studios Studios 1,300,000 Owned.

1050 Techwood Dr.

Studios, Networks, DTC, & Corporate 1,170,000 Owned.

One CNN Center Studios, Networks, & Corporate 1,150,000 Leased;

Lease expires in 2024.

Second Century Tower 1 & 2 Studios & Corporate 800,000 Leased;

Tower 1 lease expires in 2037 & Tower 2 lease expires in 2039.

Location Principal Use Approximate

Square Footage Type of Ownership;

Expiration Date of Lease

Santiago, Chile

Pedro Montt 2354 Studios & Networks 610,000 Owned.

Knoxville, TN

Knoxville Office & Tech Center Studios, Networks, DTC, & Corporate 344,000 Owned.

Culver City, CA

Ivy Station Networks & DTC 244,000 Leased;

Lease expires in 2036.

Warsaw, Poland

TVN Warsaw HQ Studios, Networks, DTC, & Corporate 198,000 Owned.

London, England

Warner House Networks, DTC, & Corporate 135,000 Leased;

Lease expires in 2034.

Buenos Aires, Argentina

599 & 533 Defensa St.

Studios, Networks, DTC, & Corporate 129,000 Owned.

London, England

Old Street Studios, Networks, DTC, & Corporate 116,000 Leased;

Lease expires in 2034.

Paris, France

LaMiral Zac Forum Seine Networks, DTC, & Corporate 116,000 Leased;

Lease expires in 2031.

1099 Stewart Street DTC 112,000 Leased;

Lease expires in 2025.

London, England

Chiswick Park, Bldg.

2 Networks, DTC, & Corporate 102,000 Leased;

Lease expires in 2034.

Washington, DC

820 First St.

Studios & Networks 71,000 Leased;

Lease expires in 2031.

Auckland, New Zealand

2 & 3 Flower St.

Studios, Networks, DTC, & Corporate 57,000 Leased;

Lease expires in 2025.

45580 Terminal Dr.

Studios, Networks, & DTC 54,000 Owned.

Silver Spring, MD

8403 Colesville Rd.

Networks & Corporate 47,000 Leased;

Lease expires in 2030.

1-2-9, Nishi-Shinbashi Networks & DTC 47,000 Leased;

Lease expires in 2028.

Singapore, Singapore

1 Fusionopolis Walk Networks & DTC 40,000 Leased;

Lease expires in 2026.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties