Three-owner Discovery NZ loses $34m in 2022

Discovery is the owner of Three, Bravo, Rush and Eden. (Image: BusinessDesk)

Tue, 11 Jul 2023

Discovery New Zealand has reported after-tax losses of more than $34 million for the second consecutive year, heaping further pressure on its American parent.The NZ company behind free-to-air television channels Three, Bravo, Rush and Eden lost $34.8m in 2022, according to recently filed accounts, $800,000 more than its post-tax loss in 2021.Discovery NZ is owned by Warner Bros Discovery, the US entertainment giant formed last year through the merger of Discovery and WarnerMedia.The latest accounts reveal the extent of the financial strain...

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