Warner Bros. Discovery, Charter announce multi-year distribution partnership

Warner Bros. Discovery (WBD) and Charter Communications (CHTR) announced a groundbreaking, multi-year distribution partnership that re-imagines the future of video by fully integrating linear video and streaming services. With this early renewal, the agreement further evolves the video ecosystem with more value and flexibility in video bundles, deeper libraries and more choice to better align with customers’ current viewing preferences. Charter, the industry leader in customer package flexibility, hybrid direct-to-consumer linear models and soon-to-launch DTC to broadband distribution, has joined forces with WBD, the global leader in premium original programming, film, news and sports. This transformational agreement now provides 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, through a mutually beneficial new arrangement between the two companies. The addition of Max and Discovery+ represents a game-changer for Spectrum’s bundle proposition, which will offer nearly $60 per month of retail DTC value included when added to Disney+, ESPN+, Paramount+, AMC+, BET+ and Vix. Financial terms of the agreement were not disclosed.