Time Warner, which owns HBO and CNN, will also advertise on the service.
The deal comes as television companies look to capture growing digital audiences and rival tech platforms, such as Facebook, add video content.
It boosted shares of both companies, sending Snapchat's stock up almost 2%.
Snapchat started in 2011 as a picture-messaging app and now has more than 150 million daily users.
It became a publicly traded company earlier this year.
The firm has worked with companies, including the BBC, as it broadens the content available.
Its shows typically last for three to five minutes.
Currently one show airs on Snapchat each day. That number is expected to increase to three by the end of the year, according to the company.
Time Warner's contributions will include comedy and scripted drama.
The firm has produced many hit films and TV shows including Wonder Woman and Game of Thrones.
The two-year partnership is valued at about $100m, according to Reuters.

The developments at 1 Undershaft and 22 Bishopsgate were approved by the City of London Corporation earlier this year.
Mr Khan said both would include a free public observation platform.
The 73-storey tower at 1 Undershaft, known as the Trelis, will be 305 metres (1,000ft) high - just five metres shorter than the tip of the Shard.
The Bishopsgate development comes ten years after the ill-fated Pinnacle was granted planning position.
That development was eventually abandoned, leaving a half-finished nine-storey shaft pointing towards the sky after funding dried up four years ago.
City Hall said the new developments would deliver nearly Â£6m in contributions to affordable housing, which the Corporation of London will use to deliver affordable homes on its wider estates across the city.
It will also provide more than Â£14m towards the construction of the Crossrail project.
It said the plans include a significant expansion of public open space on the sites, as well as office accommodation for almost 20,000 workers.
Mr Khan, said: "These two projects represent a significant investment in the heart of London's economy and are a clear sign that the capital is open for business.
"They will be highly-visible signs of London's enduring appeal as a place to invest.
"These new landmark buildings will offer world-class offices and it's great news that the development of the site at 22 Bishopsgate can now proceed, as this has lain unused for almost five years.
"What's more, Londoners and visitors alike should have the opportunity to take in the views from the upper reaches of these new buildings, for free, and I'm really pleased we have been able to secure this as part of the plans."

UnitingCare started to supply older people and adult community healthcare in April, but pulled out of the contract earlier in December.
It was a consortium of Cambridgeshire and Peterborough NHS Foundation Trust and Cambridge University Hospitals NHS Foundation Trust.
NHS England is to commission the investigation.
As reported by the Health Service Journal, NHS England is seeking answers about the circumstances leading up to the termination of the contract.
Lord Prior of Brampton, minister for NHS productivity, said it would also consider how similar contracts "will be managed and assured in the future".
The contract was meant to run for five years, but older people's services have been transferred back to Cambridgeshire and Peterborough Clinical Commissioning Group (CPCCG).
UnitingCare was selected to run the service by CPCCG after a lengthy procurement process and from a shortlist of three organisations.
It said it was not "financially sustainable" to continue with the contract.
Dr Neil Modha, chief clinical officer at CPCCG, said: "The CCG will be conducting an internal review to begin shortly and advice from other parties will form part of the review.
"We will of course work closely with NHS England on any review that they commission. Our current priorities are to ensure continuity of services following the ending of the contract on 3 December."
Labour peer Lord Hunt said he was "very concerned" about the impact the "extraordinary" series of events was having on patients.
"I'm going to be pressing NHS England to make sure the review is made public," he said. "People locally have every right to know what went wrong, who is responsible, and what is going to happen."
What did the £800m five-year contract cover?
Media giant Time Warner will produce shows for audiences on the social media platform Snapchat as part of a new partnership that the two companies announced on Monday.
[NEXT_CONCEPT]
London mayor Sadiq Khan has approved the building of two new skyscrapers for the capital.
[NEXT_CONCEPT]
The collapse of an £800m NHS out-sourcing contract is to reviewed by independent experts.