# Who are Warner Bros. Discovery, Inc.'s customers? Who does Warner Bros. Discovery, Inc. earn revenue from?
Canonical: https://valuechain.wiki/warner-bros-discovery · Facet: customers · Updated: 2026-09-11T19:21:55.44717+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Warner Bros. Discovery, Inc.'s confirmed revenue counterparties include Coupang, Charter Communications, Comcast Corporation. Per the valuechain.wiki graph: 3 revenue edges, backed by 4 dated sources, 0 of them primary filings (as of 2026-09-11).

### 파라마운트 스카이댄스 (high)  → /paramount-skydance.md
- metric: Amount 31 USD/share · merger agreement signed 2026-02-27 · Cash merger consideration per share of WBD common stock offered by Paramount Skydance
- note: Paramount Skydance signed a definitive all-cash agreement to acquire all of WBD. As of September 8, 2026, regulatory clearances had been obtained, but litigation by state attorneys general and the Writers Guild of America was delaying closing.
- [confirms] Paramount Skydance Corporation (EN, ir, published 2026-09-08) https://paramount.gcs-web.com/news-releases/news-release-details/paramount-skydance-moves-protect-against-costs-delay-wbd-merger: "These two lawsuits are the only remaining barrier to closing this transaction."
- [confirms] SEC EDGAR (EN, filing, published 2026-02-27) https://www.sec.gov/Archives/edgar/data/1437107/000143710726000020/wbd-20251231.htm: "WBD will survive as a wholly owned subsidiary of PSKY, with each share receiving $31.00 in cash."
- [confirms] Axios (EN, news, published 2026-02-27) https://www.axios.com/2026/02/27/warner-bros-paramount-netflix: "The bidding war ultimately led to a $31-a-share deal with Paramount."

### Coupang (mid)  → /coupang.md
- note: Coupang Play is WBD's exclusive Korean licensing partner for HBO and Max originals and Warner Bros. films. Partner-specific licensing consideration was not disclosed.
- [confirms] S&P Global Market Intelligence Kagan (EN, research, published 2026-01-13) https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/01/implications-of-the-netflix-warner-bros-discovery-deal-for-the-apac-region: "HBO Max content is available through an exclusive licensing deal with Coupang Play in South Korea."
- [confirms] Coupang Newsroom (KO, news, published 2025-03-11) https://news.coupang.com/archives/51417/: "Coupang Play will exclusively offer HBO and HBO Max original content in Korea beginning March 21."

### 차터 커뮤니케이션스 (mid)  → /charter-communications.md
- note: Charter is a long-term distributor that bundles WBD's linear networks and the ad-supported Max and Discovery+ services into Spectrum packages. Financial terms were not disclosed.
- [confirms] Warner Bros. Discovery (EN, ir, published 2024-09-12) https://ir.wbd.com/news-and-events/financial-news/financial-news-details/2024/WARNER-BROS.-DISCOVERY-AND-CHARTER-COMMUNICATIONS-ANNOUNCE-EARLY-RENEWAL-AGREEMENT-THAT-FURTHER-REIMAGINES-THE-FUTURE-OF-VIDEO--2024-o5KDIfMNzg/default.aspx: "The companies announced a multi-year distribution partnership integrating linear video and streaming services."

### 컴캐스트 (mid)  → /comcast.md
- note: Comcast distributes WBD's linear networks, HBO, and the ad-supported Max and Discovery+ services through Xfinity and Sky. Financial terms were not disclosed.
- [confirms] Comcast Corporation (EN, ir, published 2024-12-09) https://corporate.comcast.com/press/releases/comcast-warner-bros-discovery-multi-year-distribution-xfinity-sky-uk: "The agreements will deliver WBD's content to Xfinity and Sky UK and Ireland customers. Financial terms were not disclosed."

Reverse side: https://valuechain.wiki/warner-bros-discovery/suppliers.md · Ripple: https://valuechain.wiki/warner-bros-discovery/ripple.md

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Full node: https://valuechain.wiki/warner-bros-discovery.md · JSON: https://valuechain.wiki/warner-bros-discovery.json