Done! JJ Abrams and his Bad Robot have signed a five-year deal to run his TV business and place his film business under WarnerMedia's umbrella. The far-reaching pact, which runs until 2024, also includes games and digital content.
The JJ Abrams Sweepstake began last fall, and a number of media conglomerates vied for its services as $ 500 million. By June, WarnerMedia was the frontrunner, thanks largely to the abbreviation Abrams had developed for the Warner Bros TV team over the past 13 years, and the massive financial backing of parent company WarnerMedia. It took a few more months for the deal to be sealed, largely because of the complications associated with the termination of Abrams' Paramount Pictures film pact. Under its Exit Agreement, Bad Robot Will Comply with Paramount's Existing Obligations Abrams and his team teamed with WarnerMedia and Apple, which emerged as a standout competitor, Comcast / NBCUniversal and Sony. The talks slowed down after Abrams, along with 7,000 other WGA members in April, fired his agents at CAA in all areas except directing.
Abrams has a long history with WarnerMedia since Bad Robot joined Warner Bros. TV in 2006, delivering a series of series. Three of the company's most recent shows are in WarnerMedia's HBO, Westworld, Lovecraft and Demimonde the first series that Abrams exclusively created since alias with Premium has also developed Bad Robot's network Both are dying in the end. T The company also has three series on Apple TV + via Warner Bros. TV, which also aggressively pursued the multiple hyphen: the Stephen King adaptation Lisey's story with Julianne Moore; Sara Bareilles & # 39; L ittle Voice; and My fame was that I had such friends, modeled on Jennifer Garner.
Abrams & # 39; Discussions with Apple eventually developed and focused on continuing to work together, not through an overall agreement, as the expectation was that the new WarnerMedia pact would allow Bad Robot to continue to produce for external networks.
Indeed, Bad Robot is being further developed and developed as part of the new WarnerMedia Total Contract Produce new TV projects ̵
Abrams and Bad Robot will produce original films for the Warner Bros. Pictures Group, including Warner Bros. Pictures and New Line Cinema.
In 2018, Bad Robot will be led by Chairman & CEO JJ Abrams and co-CEO Katie McGrath together with Tencent and Warner Bros. Interactive Entertainment set up a division for the development of video games, Bad Robot Games, and the Businesses will continue to work together to develop new wholesale and indie consumer games for mobile devices, PCs and consoles.
"WarnerMedia and AT & T are pleased to partner with our world-class partners and colleagues JJ Abrams and Katie McGrath over the long term," said John Stankey, CEO of WarnerMedia and president and COO of AT & T: We are extremely excited about the potential to deliver remarkable and memorable stories and characters across multiple platforms to audiences around the world.
Stankey honored Peter Roth, President and Chief Content Officer of Warner Bros. TV Group, for developing "a long-standing, mutually beneficial partnership" with Abrams and McGrath.
In the era of giant television businesses, it is easier for established studios to create competitive offerings for productive creators / producers, as they often have the advantage of being able to sweeten their entire deal proposals with advances towards the producer's backend.
This is the second major deal renewal for Warner Bros. TV after Greg Berlanti re-issued $ 400 million last year.
On the film side, Abrams comes from a costly overall contract with Paramount, which pays off with the launch of Cloverfield and the revival of Mission: I mpossible and Star Trek. But it proved difficult for this studio to show its fidelity as a filmmaker. The place where Abrams achieved some of his best results, which is not unusual for A-list filmmakers. He has filmed two Star Wars films for Disney as part of the Paramount deal, of which Star Wars: The Rise of Skywalker debuts on December 20 at the start of the undeniable contest A record year for the studio.
Abrams & # 39; is more of a re-fashioner of becoming a world creator of franchises, and this deal is likely to be an opportunity for him to become the latter. While WarnerMedia does not have Disney and Comcast theme parks, Abrams will have unrestricted access to strong WarnerMedia platforms, including a fledgling streaming service, and it clearly has the potential to make a significant impact on the studio on this deal. 19659010] "Katie, Brian (Weinstein) and myself and the rest of our team at Bad Robot are pleased to call WarnerMedia a new home for our company," said Abrams. "John Stankey has a strong vision for the future of WarnerMedia and is committed to storytelling that connects people around the world. We are excited and pleased to be part of this new chapter under his and Ann Sarnoff's thoughtful leadership. I could talk for hours about the extraordinary Peter Roth and the entire Warner & # 39; s TV group we've worked with for over a decade, and I wanted to work with Toby Emmerich and his team as long as I can remember. I'm grateful for the opportunity to write, produce and direct this incredible business, as well as create films and series with a diverse and extensive collection of inspiring storytellers. We can not wait to get started. "