Warner Bros and NBA Agree to 11-Year Media Deal
Nov 18 (Reuters) – Warner Bros Discovery (WBD.O) announced on Monday that it has extended its media partnership with the NBA for an additional 11 years, resolving all disputes related to the league’s recent media agreements. The deal comes after Warner Bros had previously threatened legal action when the NBA rejected its bid for TV broadcasting rights. Following the announcement, Warner’s shares rose 3% in premarket trading.
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