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- Warner Bros. Discovery (NASDAQ:WBD) and Charter Communications (NASDAQ:CHTR) have renewed a multi-year distribution partnership to fully integrate linear video and streaming services, the companies said on Thursday.
- The agreement will provide the premium service of Max (Ad Lite), including all HBO and Max content as well as Discovery+, across all Spectrum TV Select packages at no extra charge to customers, the companies said.
- The long-term agreement also extends Spectrum’s carriage of WBD’s linear network portfolio, including TNT, CNN, Food Network, HGTV, TLC, Discovery, TBS, Adult Swim and Investigation Discovery.
- The deal also establishes Max as a “preferred partner” for Spectrum when marketing and selling DTC apps and bundles to broadband subscribers.
- Spectrum plans for a full deployment of its DTC distribution to broadband customers in 2025, following the 2024 deployment of its DTC inclusion and upgrade offers.
- Spectrum’s DTC distribution plan will include separate pricing, packaging and billing capabilities for DTC video services to broadband customers.
- Financial terms of the agreement were not disclosed.
- WBD +7.4% at $7.45 in early trading; CHRT +2.2% at $334.57.
- Press Release.
