J.J. Abrams Officially Closes Sizable WarnerMedia Film, TV Partnership

Abrams and his wife and Bad Robot co-CEO, Katie McGrath, have inked a new five-year, all-encompassing overall deal with WarnerMedia. The agreement — which multiple sources say is worth more in the line of $250 million as opposed to the previously reported $500 million estimate — marks the first time that Abrams has had both his film and TV deals under the same roof. The new pact, which runs through 2024 and is described as “exclusive,” also for the first time includes video games and digital content. Abrams is expected to create original feature films for WarnerMedia. – Lesley Goldberg, Variety » http://thr.cm/kSXCSn