Corus Provides Update On Programming And Trademark Output Arrangements; Informed By Warner Bros. Discovery, That Some Programming & Trademark Output Arrangements Will Not Be Renewed Upon Expiry On Dec 31; Corus Does Not Currently Expect Changes To Programming Of Channels Until 2025
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Corus Entertainment has announced that Warner Bros. Discovery (WBD) will not renew some programming and trademark output arrangements upon their expiry on December 31. Corus does not expect changes to the programming of its channels until 2025.
June 07, 2024 | 9:17 pm
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NEUTRAL IMPACT
Warner Bros. Discovery will not renew some programming and trademark output arrangements with Corus Entertainment upon their expiry on December 31. This decision may impact WBD's content distribution strategy.
The non-renewal of programming and trademark output arrangements with Corus Entertainment could indicate a shift in Warner Bros. Discovery's content distribution strategy. However, the immediate impact on WBD's stock price is likely neutral as the changes will not take effect until the end of the year.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80