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.

Warner Bros. Discovery's legal battle with the NBA over the loss of its long-standing rights package has ended, and the resolution is as complicated as you'd expect. Per the Wall Street Journal, WBD settled its breach of contract lawsuit with an agreement that will keep it in business with the NBA for the next decade,