# 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: 2026-10-20T16:08:24.320631+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 2026-10-20).

### 파라마운트 스카이댄스 (high)  → /paramount-skydance.md
- metric: Amount $78B · closing 2026-10-06 · Aggregate WBD common-stock merger consideration, excluding assumed debt
- note: Skydance completed its WBD acquisition on October 6, 2026. WBD became wholly owned; aggregate common-stock merger consideration was approximately $78 billion.
- [confirms] EBN (KO, news, published 2026-10-12) https://www.ebn.co.kr/news/articleView.html?idxno=1727247: "Paramount Skydance completed the WBD acquisition on October 6 and changed its name to Skydance."
- [confirms] U.S. Securities and Exchange Commission (EN, filing, published 2026-10-06) https://www.sec.gov/Archives/edgar/data/1437107/000119312526415055/d200872d8k.htm: "The merger closed October 6; WBD became a wholly owned subsidiary of SKYD and aggregate share consideration was about $78 billion."
- [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