Investments
39Portfolio Exits
15Partners & Customers
10About Discovery
Discovery, fka Discovery Communications, is the world's number-one nonfiction media company reaching more than 1.5 billion cumulative subscribers in over 170countries. Discovery allows people to explore their world and satisfytheir curiosity through 100-plus worldwide networks, led by DiscoveryChannel, TLC, Animal Planet, Science Channel, Planet Green, InvestigationDiscovery and HD Theater, as well as consumer and educationalproducts and services, and a diversified portfolio of digital mediaservices including HowStuffWorks.
Discovery Headquarter Location
1 Discovery Place
Silver Spring, Maryland, 20910,
United States
240-662-2000
Expert Collections containing Discovery
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Find Discovery in 1 Expert Collection, including Fortune 500 Investor list.
Fortune 500 Investor list
590 items
This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.
Discovery Web Traffic
Discovery Rank
Latest Discovery News
Jun 24, 2022
Partner 24 June 2022 Subscribe Over the past year, Discovery Bank has seen strong deposit growth and considerable traction of its shared-value banking model amongst its client base; the appeal of a full service, shared value, digital bank is reflected in Discovery Bank’s strong growth to over 1 million accounts since its public launch in 2020. The Bank has just announced the milestone of reaching one million accounts and revealed exciting new products, including Vitality Pay as you Gym, the introduction of the Discovery Account – available to clients of the Discovery group and enhanced travel benefits like access to The Lounge, a strategic partnership between Discovery and SAA providing airport lounge access for the Bank’s clients. Hylton Kallner, CEO of Discovery Bank, says: “The Bank has scaled quickly and built a uniquely powerful digital banking and technology capability.” “This is now being deployed as the de facto operating system for the Discovery Group in South Africa.” “Discovery Bank’s digital payments technology, advanced security features and shared value rewards capabilities represent a unique opportunity to deliver new products and digital services to all of our clients.” Discovery Bank has firmly established itself as the leading digital bank in South Africa, operating a full-service branchless bank through its banking app that caters for the full spectrum of the retail market, driving high levels of client engagement, utilisation and value. This value is reflected in the one million accounts being held by over 450 000 clients, with over R11 billion in deposits and R4.5 billion in credit advances today. At its product update briefing with financial advisers today, the Bank announced its latest product enhancements: 1. A more rewarding travel experience with Vitality Travel Vitality Travel was launched in March of this year, offering a single and convenient booking platform that incorporates travel partners, discounts, and other travel services through Discovery Bank. Since its launch, in the short space of four months, Discovery Bank clients are saving on average 31% per flight. With the complete rewards and personalised experiences that Vitality Travel offers, Discovery Bank makes travel as convenient and relaxing as possible for all Discovery clients. The following new benefits are now available for Discovery Bank clients: Access to The Lounge, a partnership between Discovery Bank and SAA, which offers clients an elevated pre-flight experience with upgraded comforts to refuel body and mind, such as premium coffee and drinks, and healthy dining options. The Lounge provides a restful, ambient space where guests can connect, or get connected, ahead of their beautiful adventures. As an introductory offer, clients with Platinum, Black or Purple Discovery Cards can enjoy unlimited use of The Lounge until the end of 2022 at OR Tambo (domestic and international departures), Cape Town and King Shaka airports. In addition to domestic departures at OR tambo and Cape Town airports, Priority Fast Track is now also available at international arrivals at OR Tambo International airport for Discovery Bank Purple Card holders. SAA and CemAir will also join the Vitality Travel flight partner network, complementing Safair, Airlink and LIFT to complete a full offering of discounted flights on all SA domestic and regional flights. The Vitality Travel platform accommodation listings now also gives access to properties listed on Booking.com at their best available rates. 2. Vitality Pay as you Gym Making physical activity more accessible for all Discovery clients, Discovery Bank will offer Vitality Pay as you Gym to all clients, including those with a Discovery Account. It’s easy to use and clients can access more than 170 Virgin Active and Planet Fitness clubs nationwide. Clients simply go to a club, scan the QR code at the entrance, seamlessly pay the access fee of between R75 and R100 (depending on the facility) from either a Discovery Bank transaction account, credit card or using Discovery Miles, and enjoy their workout. As an introductory special offer, Discovery clients can make unlimited use of Vitality Pay as you Gym for free between 20 June and 31 July 2022 and get a free smoothie after their first visit. 3. Discovery Account Discovery clients who don’t already have a Bank account, now have exclusive access to the Discovery Account. It is a fully digital banking account at zero monthly fees, that is easy to activate; clients can access their full Discovery product portfolio in the app and also have access to these benefits: The Vitality Travel booking platform and its unique rewards with a 10% saving on local and international flights (up to 35% for Vitality Health members) on all domestic and regional flights – including Airlink, FlySafair, LIFT, South African Airways and CemAir – as well as on accommodation and car hire. The platform also includes access to properties and the best available rates on Booking.com so that clients can book everything in one place, with the option of paying with Discovery Miles and using the benefits of Vitality Travel servicing. A Discovery Miles Account where clients can track and save the Discovery Miles that they earn across their Discovery products (including their Vitality Health and Vitality Drive benefits). Clients can convert their Miles into cash and they automatically qualify for up to 15% off when they spend Discovery Miles – doubling to up to 30% off on Miles Ð-Day (on the 15th of every month). Discovery Pay, the digital payments capability for real time payments. This includes Health Pay whereby Discovery Health Medical Scheme members can integrate payments for out-of-pocket medical expenses. Members can instantly settle any out-of-pocket expenses at participating GPs, pharmacies, hospitals, pathologists, radiologists, and other healthcare providers directly from a linked Discovery Bank account. “Our first million accounts is an endorsement of our shared-value banking model and provides us with a strong foundation to continue to disrupt the market.” “With all of the new services and capabilities announced today, our goal is to do just this and further enhance our clients’ banking, travel and payments journeys, and enable Discovery Bank as the operating system for all Discovery clients and products.” Kallner concludes. Other notable innovations since launching the Bank in 2019 include: Giving clients control of their interest rates with Dynamic Interest Rates . The Vitality Money programme that helps clients manage their money well and rewards them for it. Discovery Miles, the world’s first shared-value rewards currency that is worth more than cash. On the 15th of every month clients can get up to 40% off when they spend their Discovery Miles at leading retailers across South Africa. Vitality Money Financial Analyser – a state of the art budgeting tool with smart notifications to keep clients on track to meet their money goals. Vitality Travel – giving clients the most rewarding travel platform with discounts on airline tickets, accommodation and car hire across the widest range of partners – all in one place. Discovery Bank is revolutionising banking, combining innovative technology and leading digital capabilities with the Group’s understanding of risk and behaviour change to create a new category of banking centred on shared value. This unique approach is driven by Vitality Money, which measures how well clients manage their money – the better they do, the higher their Vitality Money status and the greater the value they receive, all through a shared-value stack of unprecedented and personalised rewards. Subscribe When the car is out of warranty and motorplan When its nolonger roadworthy After it is paid off When the maintenance costs begin to exceed the car's value When a new model comes out When the mileage exceeds 100,000 kms
Discovery Investments
39 Investments
Discovery has made 39 investments. Their latest investment was in OpenAP as part of their Corporate Minority - V on January 1, 2022.
Discovery Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
1/10/2022 | Corporate Minority - V | OpenAP | Yes | 2 | ||
5/17/2021 | Corporate Minority | Warner Bros. Discovery | Yes | 9 | ||
4/28/2021 | Unattributed | Enduro Sports Organization | Yes | 1 | ||
3/19/2021 | Corporate Minority | |||||
1/24/2021 | Corporate Minority |
Date | 1/10/2022 | 5/17/2021 | 4/28/2021 | 3/19/2021 | 1/24/2021 |
---|---|---|---|---|---|
Round | Corporate Minority - V | Corporate Minority | Unattributed | Corporate Minority | Corporate Minority |
Company | OpenAP | Warner Bros. Discovery | Enduro Sports Organization | ||
Amount | |||||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 2 | 9 | 1 |
Discovery Portfolio Exits
15 Portfolio Exits
Discovery has 15 portfolio exits. Their latest portfolio exit was Group Nine Media on December 14, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
12/14/2021 | Acquired | 5 | |||
2/1/2021 | Acquired - II | 8 | |||
4/28/2020 | Acquired | 10 | |||
Date | 12/14/2021 | 2/1/2021 | 4/28/2020 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired - II | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 5 | 8 | 10 |
Discovery Acquisitions
16 Acquisitions
Discovery acquired 16 companies. Their latest acquisition was Mediaworks - TV Business on September 08, 2020.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
9/8/2020 | Acquired Unit | 1 | ||||
12/17/2019 | Acquired | 1 | ||||
5/13/2019 | Acquired - II | 1 | ||||
3/6/2018 | ||||||
12/5/2017 | Other |
Date | 9/8/2020 | 12/17/2019 | 5/13/2019 | 3/6/2018 | 12/5/2017 |
---|---|---|---|---|---|
Investment Stage | Other | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired Unit | Acquired | Acquired - II | ||
Sources | 1 | 1 | 1 |
Discovery Partners & Customers
10 Partners and customers
Discovery has 10 strategic partners and customers. Discovery recently partnered with Astro Malaysia Holdings on May 5, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
5/5/2022 | Partner | Malaysia | Discovery today announced a partnership with Astro , Malaysia 's leading content and entertainment company , to celebrate Malaysia 's food , culture , and intimate gardens with the premiere of brand-new shows `` Green Crashers '' on HGTV and `` Best.Ever . '' | 1 | |
3/8/2022 | Partner | China | OXFORD , England -- -- Discovery , a ground-breaking peptide discovery company is pleased to announce the commencement of a partnership with WuXi AppTec , a leading global provider of R&D and manufacturing services that enable the global pharmaceutical and healthcare industry . | 3 | |
2/19/2022 | Vendor | United Arab Emirates | Rotana Media Services partners with Fatafeat, part of Discovery Inc. Layla Tamim , Head of Ad Sales and Brand Partnerships MENA , Discovery Communications Inc. said : `` We are excited to be partnering with Rotana Media Services , whose expertise in offering specialized media solutions will help build on Fatafeat 's success in helping clients achieve their advertising goals . | 1 | |
2/15/2022 | Partner | ||||
2/15/2022 | Partner |
Date | 5/5/2022 | 3/8/2022 | 2/19/2022 | 2/15/2022 | 2/15/2022 |
---|---|---|---|---|---|
Type | Partner | Partner | Vendor | Partner | Partner |
Business Partner | |||||
Country | Malaysia | China | United Arab Emirates | ||
News Snippet | Discovery today announced a partnership with Astro , Malaysia 's leading content and entertainment company , to celebrate Malaysia 's food , culture , and intimate gardens with the premiere of brand-new shows `` Green Crashers '' on HGTV and `` Best.Ever . '' | OXFORD , England -- -- Discovery , a ground-breaking peptide discovery company is pleased to announce the commencement of a partnership with WuXi AppTec , a leading global provider of R&D and manufacturing services that enable the global pharmaceutical and healthcare industry . | Rotana Media Services partners with Fatafeat, part of Discovery Inc. Layla Tamim , Head of Ad Sales and Brand Partnerships MENA , Discovery Communications Inc. said : `` We are excited to be partnering with Rotana Media Services , whose expertise in offering specialized media solutions will help build on Fatafeat 's success in helping clients achieve their advertising goals . | ||
Sources | 1 | 3 | 1 |
Discovery Team
81 Team Members
Discovery has 81 team members, including current Executive Vice President, James Gibbons.
Name | Work History | Title | Status |
---|---|---|---|
James Gibbons | Executive Vice President | Current | |
David Macdonald | Youtube, Walt Disney Enterprises, NTT DoCoMo, and Canadian Armed Forces | President | Current |
Allison Page | President | Current | |
Doug Baker | Chief Operating Officer, Executive Vice President | Current | |
Daniel Barnes | Chief Financial Officer | Current |
Name | James Gibbons | David Macdonald | Allison Page | Doug Baker | Daniel Barnes |
---|---|---|---|---|---|
Work History | Youtube, Walt Disney Enterprises, NTT DoCoMo, and Canadian Armed Forces | ||||
Title | Executive Vice President | President | President | Chief Operating Officer, Executive Vice President | Chief Financial Officer |
Status | Current | Current | Current | Current | Current |
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