Warner Bros. Discovery reaches an agreement for Comcast Corp. to continue carrying its cable channels, including HBO, TNT, CNN and Animal Planet.
Warner Bros. Discovery has taken steps to strengthen its economic footing with a major channel distribution deal. The company announced Monday that it had reached an agreement for cable giant Comcast Corp. to continue carrying Warner Bros. Discovery's linear cable channels, including HBO, TNT, HGTV, Food Network, CNN and Animal Planet. The deal also expands Comcast's ability to offer Warner Bros. Discovery's streaming services, Max and Discovery+, in the U.S.
The company's stock price swooned and the company laid off thousands of workers. Theatrical movies from Warner Bros. misfired, providing more incentive for top executives to prioritize TV distribution to maintain the company's revenue picture. Comcast and Warner Bros. Discovery didn't release financial terms of the new pact on Monday. “Through these agreements, we will bring Warner Bros.
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