WarnerMedia has finalized its massive film and TV deal with J.J. Abrams and his Bad Robot production company.
The deal gives the media powerhouse exclusive rights to any film, TV show, video game, and streaming content from Abrams’ Bad Robot outfit. WarnerMedia did not disclose financial terms of the deal.
The wide-ranging agreement begins immediately — meaning that Abrams will exit his film deal with Paramount — and runs through at least 2024. Bad Robot will fulfill any existing obligations with Paramount, including the seventh “Mission Impossible” film, and Abrams is directing and producing Disney’s upcoming “Star Wars” film, “The Rise of Skywalker.”
The deal gives WarnerMedia a major producer in its stead while it preps the launch of its streaming service, HBO Max, which will be out next spring. WarnerMedia will give more details about the upcoming service at its investor day on Oct. 29. Bad Robot, run by Abrams and his wife, Katie McGrath, had been at the center of a bidding war that also included Apple and NBCUniversal.
The deal on Thursday extends a relationship with the company that began as a TV development deal with Warner Bros. in 2006.
“WarnerMedia and AT&T are delighted to launch a long-term collaboration with our world-class partners and colleagues J.J. Abrams and Katie McGrath. We are extremely excited about the potential to deliver remarkable and memorable stories and characters across multiple platforms to audiences around the world. J.J., Katie and all of Bad Robot bring extraordinary vision, exquisite filmmaking, and exemplary industry leadership to this endeavor and our company,” said WarnerMedia CEO John Stankey. “Across all forms of content, we are uniquely positioned to offer our creative partners a multitude of platforms to realize their artistic goals and ambitions, and to ensure that their stories have the best possible opportunity to connect with the right audience.”
Bad Robot’s series will continue to be produced in association with Warner Bros. Television, Warner Horizon Scripted Television or WBTVG’s digital studio Blue Ribbon Content, with Warner Bros. International Television Distribution distributing the shows around the globe.
More to come…