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.
Read more on deadline.com
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