Official financial reports from Warner Bros. Discovery or Charter Communications

Warner Bros. Discovery and Charter Ink Multi-Year Deal Including Max and Discovery+

Sep 12, 2024, 01:15 PM

Warner Bros. Discovery and Charter Communications have signed a multi-year video distribution deal. This agreement includes the renewal of Warner Discovery's cable networks and the inclusion of the ad-supported Max streaming service in certain subscriber tiers at no extra charge. Discovery+ will also join the Charter video bundle. The deal will keep rates for TNT flat while increasing rates overall for the Warner Bros. Discovery portfolio. Charter will market Max and receive a revenue share from the subscriptions it signs up. This agreement sets a template for future deals with other major distributors like Comcast. Charter is the nation’s largest pay-TV distributor.