Greg Berlanti Signs New Mega Overall Deal With Warner Bros. Television Group
09.01.2023 - 21:17
/ deadline.com
Warner Bros. is keeping their most prolific TV producer of the last decade in the fold. Greg Berlanti has closed a massive new four-year exclusive overall deal for his Berlanti Productions to remain at the studio for its television operations into the year 2027.
No financial terms are being disclosed but sources indicate that the pact is structured differently than Berlanti’s most recent blockbuster overall deal with Warner Bros. TV Group whose value had been estimated to be more than $300 million and as much as $400 million over six years. That agreement involved the studio buying out Berlanti’s backend on his shows, while the new deal is more of a joint venture with a big potential upside for Berlanti, sources said.
In success, based on the number of series the new deal yields and their profitability, it could be the biggest TV deal ever for Warner Bros. It marks the first re-up for a top TV creative talent since the Discovery merger, with the company’s new leadership sending a signal that, even with the cost-cutting measures, including a slew of write-offs, that have made headlines over the past nine months, they are willing to step up in order to keep the biggest names on their talent roster.
“Greg is a huge talent, and the impact of his prolific and powerful storytelling on Warner Bros. and audiences, and on our culture, is just ‘wow,’” said David Zaslav, CEO of Warner Bros. Discovery. “He began his career with us, and we are incredibly fortunate that he will continue to build and grow our TV studio into the future.”
Under the terms of the deal, Berlanti Productions will continue to develop new television programming to be produced by divisions of the Warner Bros. TV Group for all platforms, including WBD’s HBO
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