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Related Party Transactions

6 Months Ended

Jun. 30, 2020

RELATED PARTY TRANSACTIONSIn the normal course of business, the Company enters into transactions with related parties. Related parties include entities that share common directorship, such as Liberty Global plc (“Liberty Global”), Liberty Broadband Corporation ("Liberty Broadband") and their subsidiaries and equity method investees (together the “Liberty Group”). Discovery’s Board of Directors includes Mr. Malone, who is Chairman of the Board of Liberty Global and beneficially owns approximately 30% of the aggregate voting power with respect to the election of directors of Liberty Global. Mr. Malone is also Chairman of the Board of Liberty Broadband and beneficially owns approximately 48% of the aggregate voting power with respect to the election of directors of Liberty Broadband. The majority of the revenue earned from the Liberty Group relates to multi-year network distribution arrangements. Related party transactions also include revenues and expenses for content and services provided to or acquired from equity method investees, or minority partners of consolidated subsidiaries.

The table below presents a summary of the transactions with related parties (in millions).


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Revenues and service charges:
Liberty Group	$	203	$	183	$	355	$	351
Equity method investees	47		68		110		142
Other	23		13		45		27
Total revenues and service charges	$	273	$	264	$	510	$	520
Interest income	$	—	$	—	$	—	$	1
Expenses	$	(19)	$	(65)	$	(72)	$	(260)

The table below presents receivables due from and payables due to related parties (in millions).


	June 30, 2020		December 31, 2019
Receivables	$	179	$	156
Payables	$	7	$	18