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Stock impact report

NBA, Warner Bros. Discovery agree to settle lawsuit over live game rights [MSNBC.com]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: MSNBC.com
In this articleNBA Commissioner Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho.David Grogan | CNBCWarner Bros. Discoverysued the NBA in JulyThe league selected three media partners —DisneyComcast'sAmazonThe settlement with Warner Bros. Discovery, announced Monday, as well as a separate agreement between Warner Bros. Discovery and ESPN, will keep the company in the mix with some NBA content, production partnerships and licensing deals. However, it officially ends Turner ' 40-year relationship with the NBA as a carrier of live games in the U.S. after this season.Turner has had an NBA package since 1984, with games airing on cable network TNT since 1988. The NBA decided to move away from Warner Bros. Discovery as a media partner forseveral reasonsDisney and Comcast have broadcast networks to showcase NBA games, and Amazon's package is exclusively streaming.The terms of the settlement grant Warner Bros. Discovery's TNT free access to highl Show less Read more
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