Warner Bros. Discovery has settled its breach of contract lawsuit against the National Basketball Association, an agreement that will keep the company in business with the league for at least the next decade,

After months of concern about the future of Inside the NBA, the beloved television program will reportedly live to see another day. The Wall Street Journal's

The new media deal, which is worth nearly $80 billion over the next 11 years, grants broadcast rights to ESPN, NBCUniversal and Amazon.com. In its lawsuit, Warner Bros. Discovery claims the NBA violated a matching-rights clause with TNT in favor of the new arrangement with Amazon Prime Video.

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,

Warner Bros. Discovery shows promise despite revenue declines and debt concerns, with strong content revenues and growth in streaming. See more on WBD here.

The lawsuit, filed in July by Warner Bros. Discovery and its sports division, Turner Broadcasting System, stemmed from the NBA awarding broadcasting rights to Disney’s ESPN, Comcast-owned NBCUniversal, and Amazon.com in an 11-year deal valued at $77 billion.

Warner Bros, Discovery and the NBA have settled a contentious legal dispute concerning broadcasting rights, marking a significant shift in their long-standing partnership. Under the terms of the new agreement,

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.

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.