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.

CNBC’s Alex Sherman confirmed the deal and said that the Inside the NBA talent will remain TNT Sports employees and can be used on future Warner Bros. Discovery sports programs. That means you’ll still see Ernie Johnson and Charles Barkley for March Madness coverage, for example.

Warner Bros. Discovery has ended its lawsuit against the NBA and agreed to license TNT's "Inside the NBA" to Disney, the companies announced on Monday. Why it matters: The deal is a major boost to WBD after what was seen as a brutal loss and precarious future without the NBA.