AT&T's WarnerMedia announced on Thursday that it is partnering with J.J. Abrams' Bad Robot Pictures.
"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," said John Stankey, WarnerMedia CEO, in a press release.
The companies didn't disclose any financial terms but the exclusive deal could be valued up to $500 million, according to The Hollywood Reporter.
In response to the new partnership, J.J. Abrams said, "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."
Through this collaboration, Bad Robot plans to develop and produce new television projects — including dramas and comedies, longform/event series, digital content and more — for all platforms, including premium/pay and basic cable networks, on-demand/streaming services, and the broadcast networks.
This is a developing story. Check back for updates.