Warner Bros. Television Group clearly wants to keep super-producer Greg Berlanti happy. Berlanti, the prolific producer currently behind a record 14 live-action scripted shows on the air – including Arrow, The Flash, Riverdale and Supergirl – has just extended his contract with Warner Bros. Television Group in an exclusive multimillion-dollar deal that will keep him at the studio until 2024.
Although Warner Bros. Television Group isn't disclosing the financial terms of the deal, various media outlets are valuing the deal at somewhere between $300 million and $400 million.
“We could not be more excited to extend our partnership with Greg Berlanti, a true giant in the television industry," said Warner Bros. Television Group President and Chief Content Officer Peter Roth in a statement issued by the company. "Greg has been integral to our success since his return in 2011, and we look forward to continuing our collaboration with him and the entire Berlanti Productions team.”
Under the terms of the agreement, Berlanti will continue serving as executive producer of those 14 live-action series playing across six networks. He will also continue to develop original programming for all platforms, including the broadcast networks.
Berlanti said in Warner Bros. Television Group's statement that he is "incredibly grateful" to everyone “at Warner Bros. who has provided me with such a wonderful home to tell stories for many years — and now many years to come."
"A lot has changed about TV since I started working in it 20 years ago, but what hasn’t changed is how blessed I feel to come to work every day, where I work with the most talented, hardest-working company, executives, showrunners, actors, writers, directors, casts and crews in the business,” Berlanti added.
Berlanti Productions series will be produced in association with Warner Bros. Television, Warner Horizon Scripted Television or the Television Group’s digital studio, Blue Ribbon Content. Warner Bros. International Television Distribution will distribute shows globally.