Warner Bros. shares Discovery increases as it adds more A24 films to its lineup

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  • Warner Bros. Discovery and A24 have signed a new deal to give the entertainment giant exclusive access to the independent filmmaker's titles on HBO, Max and Cinemax.
  • Subscribers will be able to watch new releases and those from the A24 library, making a total of more than 100 A24 titles.
  • Although the companies did not disclose financial terms or the precise length of the multi-year deal, the news helped boost Warner Bros. . Discovery Shares.

Warner Bros. Discovery (WBD) announced that it has entered into a new multi-year agreement with A24 to make the independent studio's films available exclusively on WBD's HBO, Max and Cinemax platforms.

The agreement with WBD includes A24 offerings such as "Priscilla," "Dream scenario" and “The Iron Claw.”

Additionally, WBD said the two companies have extended their licensing agreement to offer A24's library of films to HBO and Max. She said that with the new and existing library offerings, its subscribers would have access to more than 100 A24 titles.

This decision is based on the experience of both entertainment companies. 2022 deal to stream A24 movies on Max, then known as HBO Max.

Royce Battleman, Vice President executive of content acquisitions at WBD, said the continued relationship with A24 “adds incredible value to the HBO and Max proposition.”

Neither the financial conditions nor the duration of the pact has been disclosed.

The news contributed to the #39;Warner Bros. Stock Sending Discovery up 0.5% on the day.


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Source: investopedia.com

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