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,

TNT and TBS will broadcast 13 football games and 15 basketball games annually. But the true benefit is the relationship with Warner Bros. Discovery.

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.