“Insecure” director and star Issa Rae has signed a multi-year overall deal with WarnerMedia. This pact gives HBO, HBO Max and Warner Bros. Television exclusive rights to Rae’s small-screen projects developed through her media company, Hoorae. The deal also includes a first-look film agreement across WarnerMedia’s Warner Bros. Pictures Group, New Line and HBO Max.
Variety reports that Rae’s deal with WarnerMedia is valued at $40 million for over five years. Rae signed her first overall deal with HBO in 2016 and re-upped the pact in 2018.
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“We have been in business with Issa for more than eight years. We couldn’t be prouder of our collaboration,” Casey Bloys, chief content officer for HBO and HBO Max, said in a statement on Wednesday. “‘Insecure’ was a breakthrough series for HBO, and there is much more on the horizon. This new deal is an opportunity to leverage the strength of WarnerMedia to provide a multitude of platforms for Issa’s formidable talents as a producer and storyteller.”
Rae added: “HBO has been supportive of my work since the very first general meeting I had with Casey in 2012. I’m thrilled to not only spread my creative wings with the network that makes all of my favourite series but also to produce culturally resonant stories with new voices that incite exciting conversations via HOORAE’s expanded relationship with all WarnerMedia platforms.”
Rae’s Hoorae has several projects currently set up with HBO and HBO Max. At HBO, Rae is working on the fifth and final season of “Insecure”. The second season of “A Black Lady Sketch Show” is also in the works.
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