WarnerMedia announced on Thursday it had closed a deal with J.J. Abrams and his production company, Bad Robot.
Variety reported that the deal with worth $500 million, while The Hollywood Reporter reported that it’s “worth more in the line of $250 million.” WarnerMedia did not disclose financial terms.
The exclusive deal runs through 2024, in which Bad Robot will develop and produce theatrical movies and TV shows for all of WarnerMedia’s platforms, including its upcoming streaming service, HBO Max.
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WarnerMedia announced on Thursday that it had closed a deal with “Star Wars: The Rise of Skywalker” director J.J. Abrams and his wife Katie McGrath for their production company, Bad Robot, which they are co-CEOs of, to create exclusive content.
Variety reported on Thursday that the deal was worth $500 million, but “insiders say that it could be worth even more if certain performance-related targets are reached.” However, “multiple sources” told The Hollywood Reporter that the deal is “worth more in the line of $250 million as opposed to the previously reported $500 million estimate.”
The search for a home for Bad Robot has been long in the making and the pair were sought by several other …read more
Source:: Businessinsider – Tech