Discovery heading for the Big Apple in 2019
Discovery Communications, the international media giant, has revealed plans to relocate its global headquarters from Silver Spring, Maryland to New York City in 2019.
Discovery, which was founded in Maryland state in 1985, said the decision has been taken to "take advantage of the proximity to business, investment and production partners in New York."
Planning for the space and location in New York is underway with an anticipated move to a new building by the second half of 2019.
David Zaslav, president and chief executive of Discovery, explained: "The media industry is rapidly evolving, increasingly global, more consumer focused and more multi-platform and Discovery must evolve with it. The decision to move our global headquarters from its founding home is one we do not make lightly.
“We remain unwavering in our support of the Maryland and Greater Washington, DC area and we thank the leadership of the State of Maryland, Montgomery County and, most importantly, our employees for their cooperation and understanding as we make this important next step for the long-term success of Discovery."
New York state governor Andrew Cuomo welcomed the impending move, noting: "With our talented workforce, diverse opportunities and unparalleled commitment to economic development, we have positioned New York at the forefront of the 21st century economy. Discovery's decision to relocate their global headquarters to the Empire State is proof positive of that commitment, and we are proud to welcome one of the world's leading media companies to help drive jobs and growth in New York."
In addition, contingent upon the closing of the company’s acquisition of Scripps Networks Interactive, the international media company, Discovery will establish a national operations headquarters at Scripps’ current campus in Knoxville, Tennessee.
Discovery’s state-of-the-art media distribution facility in Sterling, Virginia, which originates over 80 global feeds, will become a global technology centre, while the company will maintain a Maryland Network Hub to house select network and support functions, "as well as select other functions such as government relations."
Discovery, which owns Eurosport, the pan-European sports broadcaster, has its Northern Europe headquarters in London, while its Asia-Pacific headquarters are in Singapore.