- 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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