Warner Bros. Discovery strikes distribution deal with Charter

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Warner Bros. Discovery (WBD) pops by nearly 10% after striking a distribution deal with Charter Communication (CHTR) — which owns cable provider Spectrum — that will include Max and Discovery+ streaming packages in exchange for higher fees paid to WBD.

Yahoo Finance senior entertainment reporter Alexandra Canal explains the deal between the media giant and Charter.

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This post was written by Luke Carberry Mogan.