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Snap shares surge on $100 million deal to make shows with Time Warner (SNAP, TWX)

Business Insider Monday, 19 June 2017
Snap shares surge on $100 million deal to make shows with Time Warner (SNAP, TWX)Shares of Snapchat maker Snap Inc. jumped nearly 3% on Monday following the news that the app maker has entered a new agreement to make original shows with Time Warner.

The deal means that Time Warner will pay Snap $100 million to develop shows and advertise in the app over the next two years, according to a person familiar...
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News video: Snapchat is about to add a lot more TV shows

Snapchat is about to add a lot more TV shows 00:52

Time Warner announced today that it signed a two-year deal with Snapchat worth $100 million and plans to bring TV shows and advertising to the app. HBO, Warner Bros. and Turner's cable channels all fall under the Time Warner umbrella, which plans to create at least 10 original shows. Time Warner is...

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