Comcasts Sky and Warner Bros. Discovery have settled a lawsuit over alleged breaches to a 2019 deal for exclusive rights to shows.
Lawyers for both sides on Monday informed the court of an agreement to resolve the case. Terms werent disclosed.
The companies agree to the dismissal of all claims in the action, the filing stated. Every party will bear its own fees and costs.
In a lawsuit filed in September, Sky alleged that WBD is obligated to offer the opportunity to partner on at least four shows per year, including the upcoming Harry Potter series, but fell far short of that mark for nearly the entire duration of the deal.
Instead, WBD largely disregarded the parties agreement and sought to keep the Harry Potter content for itself so that it can be used as the cornerstone of the launch of its Max streaming service in Europe, the complaint stated. Sky sought a court order that would force the David Zaslav-led company to bring it on as a co-producer on the production.
More to come.