Warner Bros. Discovery sued the NBA in July, claiming the league failed to allow the media company to use its so-called matching rights on a package of live games.

Warner Bros. and the NBA have reached an agreement that will extend their media partnership an additional 11 years.

Warners gets international games, ESPN lands college games, while the NBA ends legal action and 'Inside the NBA' goes to ESPN and ABC. The NBA and Warner Bros. Discovery have unveiled their post-lawsuit settlement and the gains for both sides from renewing their agreement with an 11-year deal.

Warner Bros Discovery said on Monday it would have access to coveted National Basketball Association content for 11 more years under a legal settlement with the league, sending shares of the media company more than 5% higher.

Warner Bros. Discovery just took care of a very visible issue that had disturbed the market. Find out why WBD stock is a Buy.

The National Basketball Association and Warner Bros. Discovery have reached an agreement that will extend their long-standing media partnership an additional 11 years.

A deal gives the company access to NBA content and rights in parts of Northern Europe and Latin America. Turner will license “Inside the NBA” to ESPN.

Warner Bros Discovery has settled its breach of contract lawsuit against the National Basketball Association (NBA), the Wall Street Journal reported on Saturday, citing people familiar with the matter.