The NBA and Warner Bros. Discovery have agreed to an 11-year partnership that will promote NBA content and accelerate global growth of WBD's TNT Sports Bleacher Report & House of Highlights, ending a month’s long legal battle.

Warner Bros. Discovery sued the NBA in July, claiming the league failed to allow the media company to use its so-called matching rights on a package of live games.

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.