Time Warner, Snapchat Comply With $One Hundred Million Content Partnership

Time Warner will make shows such as scripted dramas and comedies for the ephemeral messaging and augmented reality platform.
Shares of Snap snapped back to life on Monday after the announcement of a new deal with Time Warner.
Snapchat will also get ads from HBO, Turner and Warner Bros. over the next two years, the companies said in a statement.
Snap shares rose about 3 percent, breaking above $18 a share mid-day Monday.
The number of shows each day on Snapchat will grow from one per day to three per day by the end of this year, the companies said.

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