Discovery Inc. (DISCA, Financial)
With the amount of content available today, Discovery has made it a priority to focus on more niche programming in order to compete in the current streaming market. At the end of September Discovery announced the launch of the Food Network Kitchen, a direct-to-consumer product with live streaming and new interactive cooking instructions each week. Food Network Kitchen will also offer over 800 on-demand classes, online shopping and home delivery and plans to be available through all Amazon, iOS and Android devices. A limited version of Food Network Kitchen is intended to be available for free at the end of October while the full suite of products will be available for $6.99 a month or $59.99 a year. Discovery had nearly $600 million in free cash flow this past quarter.
From Jeff Auxier (Trades, Portfolio)'s third-quarter 2019 commentary.
