Pop some champagne for Bad Robot and WarnerMedia, because the two companies will be entwined for the next five years. According to a new report from THR, the studio, run by J.J. Abrams and his wife Katie McGrath, has inked an overall deal with WarnerMedia, which will encompass all of its divisions, including games and digital. This will be the first time Abrams’ film and TV deals will fall under one roof.

While it hasn’t been confirmed, the deal is worth around $250 million, and while that’s a sizable sum, that’s a lot less than the initial $500 million estimate. The pact runs through 2024, and under it, Abrams is expected to create original features, though his previous deals with other studios like Disney will still be honored.

“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,” WarnerMedia CEO John Stankey said. “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. I’d also like to recognize the leadership of Warner Bros. Television Group president and chief content officer Peter Roth, who has known J.J. and Katie for many years and developed opportunities that turned into a long-standing, mutually beneficial partnership, which will now flourish for many years into the future across the entire WarnerMedia and AT&T family.”

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This deal comes on the heels of Bad Robot pitching itself all around Tinsel Town, courting such big companies as Apple. However, Bad Robot apparently wanted to be a part of a larger company with TV and film distribution, and that WarnerMedia ultimately fit the bill better. With HBO Max on the horizon, this will be a good get for the conglomerate, as it will give more original content for their service.

“It is a thrill for Katie, Brian [Weinstein] and me and the rest of our team at Bad Robot to call WarnerMedia our company’s new home,” Abrams said regarding the deal. “John Stankey has a powerful vision for the future of WarnerMedia and is committed to storytelling that connects people around the world. We are excited and gratified to be a part of this new chapter under his and Ann Sarnoff’s thoughtful leadership. I could go on for hours, and probably will, about the extraordinary Peter Roth and the entire Warners television group, with whom we’ve worked for over a decade, and I’ve wanted to collaborate with Toby Emmerich and his team for as long as I can remember. I am grateful for the chance to write, produce and direct work for this incredible company and to help create films and series with a diverse and vast collection of inspiring storytellers. We can’t wait to get started.”

Are you excited to see Abrams solidifying his home at WarnerMedia, especially as the next phase of streaming begins? Let us know down below!

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SOURCE: THR