Investing.com — Warner Bros. Discovery (NASDAQ:) shares jumped Monday after the mass media conglomerate agreed to finish its pursuit of broadcasting dwell NBA video games within the US beginning with the 2025-26 season, resolving all authorized disputes with the league.

The media firm had filed a lawsuit in opposition to the NBA in July, alleging the league had not allowed it to train its matching rights on a bundle of dwell video games.

The NBA, as an alternative, selected Disney (NYSE:), Comcast’s NBCUniversal, and Amazon (NASDAQ:) Prime Video as its US media companions for an 11-year deal starting subsequent season. The settlement, which additionally consists of WNBA video games, is valued at roughly $77 billion, in keeping with earlier stories by CNBC.

The settlement, introduced Monday, together with a separate settlement between Warner Bros. Discovery and ESPN, ensures Warner Bros. Discovery stays concerned with some NBA content material by manufacturing collaborations and licensing agreements. Nevertheless, it formally ends Turner Sports activities’ 40-year position as a US broadcaster of dwell NBA video games after this season.

Beneath the phrases of the deal, Warner Bros. Discovery’s TNT Sports activities will retain entry to NBA highlights to be used on its Bleacher Report information platform and its social media channel, Home of Highlights, for the following 11 years.

“Collectively these agreements guarantee followers will proceed to take pleasure in TNT’s Contained in the NBA and create large worth for our total portfolio as we speed up the expansion of TNT Sports activities, Bleacher Report, Home of Highlights and our world sports activities enterprise,” mentioned David Zaslav, CEO of Warner Bros. Discovery.

The settlement additionally grants Warner Bros. Discovery the suitable to license and distribute NBA content material throughout its platforms and consists of dwell recreation rights within the Nordic nations, Poland, and Latin America, excluding Brazil and Mexico.

Furthermore, the settlement extends a partnership between NBA Digital and TNT Sports activities for 5 extra seasons, enabling the NBA to collaborate with Warner Bros. Discovery on “promotion and quite a lot of providers, together with manufacturing, content material growth and gross sales operations providers,” in keeping with a press release.

Whereas the league gained’t pay Warner Bros. Discovery further charges past the settlement’s phrases, the settlement secures the corporate a gentle income stream from its collaboration with the NBA.