Abrams and his wife and Bad Robot co-CEO, Katie McGrath, have inked a new five-year, all-encompassing overall deal with WarnerMedia. The agreement — which multiple sources say is worth more in the line of $250 million as opposed to the previously reported $500 million estimate — marks the first time that Abrams has had both his film and TV deals under the same roof.
Bad Robot's deal keeps Abrams at the studio he has called home since 2006. With the new contract, Abrams and company will continue to create and develop new projects for WarnerMedia and supervise other producers across film, TV and digital platforms. The deal will also continue to let Bad Robot sell to third-party suppliers — a detail said to be of the utmost importance to Abrams.
Sources say WarnerMedia CEO John Stankey made courting Bad Robot his top priority. In its decision to stay, Bad Robot turned down more lucrative offers from tech companies and were impressed with Stankey and his ability to deliver such a wide-ranging deal. The courting process saw Bad Robot pitch itself to companies such as Disney, Netflix and Apple as a larger consumer brand and seek, with traditional studios, a guaranteed number of releases per year.
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