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Warner Bros. Discovery And Charter Announce Early Renewal Of Distribution Deal Including Max, Discovery+; Beleaguered Stock Pops On News
Warner Bros. Discovery and Charter Communications announced a multi-year distribution partnership that includes Max and Discovery+ tiers for Charter subscribers.
He’ll have some good news to trumpet and needs some after WBD took a massive write-down on its linear television assets and fell short of Wall Street financial forecasts in the second quarter. “This innovative partnership with Charter recognizes the value of our linear content and the investments we’ve made in premium original programming, sports and news, while also significantly expanding the distribution of Max’s ad-supported service to Spectrum’s millions of Select customers,” said WBD CEO David Zaslav. “We did this agreement together nearly a year early to set a framework for the future and to provide more consumers access to our unparalleled content offering while giving the industry more resilience as it evolves.
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