Issa Rae is making big money moves! Her hit HBO series “Insecure” is set to premiere it’s fifth and final season later this year, but the young media mogul is on the brink of new and bigger ventures.
Reportedly inking a new 5 year contract with WarnerMedia, this deal allows her to produce a number of new shows and movies under her own media company, Hoorae.
In conversation with Variety, Issa Rae shares that “Horrea already has at least 15 projects in various stages of development with them, so we’d been working with them on the drama side, the unscripted side, and the documentaries side for a couple years now.”
Initially reported by Variety on Wednesday morning, the deal gives HBO, HBO Max and Warner Bros. exclusive rights to Rae’s TV shows. It also includes a first-look film deal for WarnerMedia’s movie brands, including Warner Bros. Pictures Group, HBO Max and New Line Cinema.
“I’m thrilled to not only spread my creative wings with the network that makes all of my favorite series, but also to produce culturally resonant stories with new voices that incite exciting conversations via Hoorae’s expanded relationship with all WarnerMedia platforms,” the 36 year old actress and executive producer recently stated.
Variety estimates the value of deal to be $40 million. We’d say, the future’s looking bright for the young Hollywood star.