Warner Bros Discovery (WBD) has reached deals with Roku (ROKU) and Fox Corp’s (FOXA) Tubi to license 2,000 hours of movies and TV series, allowing the streamers to launch Warner Bros-branded free, ad-supported TV, or "FAST," channels, reported Reuters’ Dawn Chmielewski. The deals mark an "evolution of Warner Bros Discovery’s approach to streaming" as it has begun selling movies and TV shows to third parties after having previously reserved the studio’s movies and series for its own HBO Max subscription service, the report noted. Reference Link
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on WBD:
- ROKU, WBD Jump on New Content Deal
- Warner Bros. Discovery price target raised to $20 from $16 at Macquarie
- Warner Bros. Discovery price target raised to $17 from $14 at Morgan Stanley
- HBO renews ‘The Last of Us’ for a second season
- Atlantic sees 80% upside in Warner Bros. Discovery after analyzing merger