Warner Bros. Discovery and Charter Ink Multi-Year Distribution Deal Including Max and Discovery+ at No Extra Charge

Sep 12, 2024, 05:14 PM

Warner Bros. Discovery and Charter Communications have reached a multi-year distribution agreement that renews their carriage deal nearly a year early. The deal includes the addition of Warner Bros. Discovery's streaming services, Max and Discovery+, to Charter's Spectrum TV Select plan at no extra charge, including the Ad Lite tier of Max. This agreement will keep rates for TNT flat while increasing overall rates for Warner Bros. Discovery's portfolio. Charter will also market Max and receive a revenue share from new subscribers it signs up. The deal sets a template for future agreements with other providers like Comcast. Warner Bros. Discovery CEO David Zaslav announced that the company expects to add more than six million subscribers to the Max streaming service in the third quarter. Both Warner Bros. Discovery and Charter stocks have risen following the news of the deal.