Comcast and Warner Bros Discovery sign deal for Max streaming service in Europe

From Investing.com: 2024-12-09 12:46:25

Warner Bros Discovery signed a deal with Comcast for European launch of Max streaming service, settling a dispute over “Harry Potter” TV series. Comcast will offer Warner Bros Discovery TV networks like TNT and CNN in the U.S. and UK. Comcast’s shares fell 8.4% as it warned of broadband losses. Rates for TNT remain the same, despite increased overall fees. Sky and Warner Bros resolve legal battle over rights to “Harry Potter” series. Max to launch in UK and Ireland by 2026, expanding Comcast’s rights to package ad-supported versions with streaming bundles. Warner Bros Discovery to sell Max directly to customers in Europe. Sky to continue offering HBO shows like “Game of Thrones” and “Succession.” Dana Strong says Sky solidified as “the ultimate TV destination.” Warner Bros aims to use Comcast deal as template for future negotiations with distributors, stabilizing pricing in pay TV market. Warner Bros Discovery values portfolio for U.S. audiences.



Read more at Investing.com: Comcast, Warner Bros Discovery enter multi-year distribution deal By Reuters