Warner Bros. Discovery posted a surprise profit and revealed that its streaming service Max had had its best-ever quarter on Thursday, sending its stock higher.The company, which is the parent of the movie studio Warner Bros.

Warner Bros Discovery CEO David Zaslav anticipates a friendlier environment for deal-making under the incoming Trump administration, opening the door to industry consolidation, he said on Thursday.

Warner Bros. Discovery will stay on the court with the NBA in a new settlement that gives the media company a new chance to keep professional basketball in its overall lineup, even as it loses U.S. rights to traditional TV games to rivals.

The NBA and Warner Bros. Discovery have agreed to end all legal disputes, allowing the league to move forward with new media partners Comcast, Disney and Amazon.

The NBA and Warner Bros Discovery are taking their court battle over basketball TV rights out of the courts. While nothing has been filed yet in New York, the Adam Silver-led NBA and the David Zaslav-run WBD have reached a deal to end their months-long legal dispute and spread the wealth around,

The National Basketball Association and Warner Bros. Discovery are taking their court battle over B-ball TV rights out of the courts. While nothing has been filed yet in New York State court system, Adam Silver-led NBA and the David Zaslav-run WBD have reached a deal to end their months-long legal dispute,

Warner Bros. Discovery (NASDAQ:WBD) and the National Basketball Association have agreed to settle their legal dispute over television rights, The Wall Street Journal reported late Saturday, citing people familiar with the matter.