HBO Max, the new direct-to-consumer streaming service AT&T Inc.’s WarnerMedia is launching next spring, has struck a deal for streaming rights to reruns of the hit comedy “The Big Bang Theory,” which ended a 12-year run on CBS in May.
Terms of the agreement weren’t disclosed. A person familiar with the deal said the five-year agreement is worth close to $500 million. In addition, WarnerMedia’s cable channel TBS has extended its current deal for reruns of the show, making the total value of the deal in the region of $600...
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