WarnerMedia Close to Inking $500 Million Partnership Deal with J.J. Abrams
WarnerMedia is in final negotiations for a new partnership deal with Bad Robot, the illustrious production company run by J.J. Abrams and his wife-slash-co-CEO Katie McGrath, according to The Hollywood Reporter.
Following months of fielding offers from multiple bidders, Bad Robot is reportedly hammering out the finer details of a massive $500 million deal with Warner Media. It's currently unclear how many years the new agreement is for, but the deal that would keep Abrams with the company he has called home since 2006.
As part of the agreement, Abrams will continue to create and develop new projects for WarnerMedia and supervise other producers across film, TV and digital platforms. The process of moving Bad Robot's feature film deal over from Viacom-owned Paramount Pictures has reportedly already begun.
Representatives for WarnerMedia and Bad Robot declined comment.