“Unsure” creator Issa Rae has just signed an agreement to produce new shows and movies for WarnerMedia

Actress and executive producer Hoorae, 36, has signed a new five-year contract with WarnerMedia, which also owns CNN, to produce a series of new shows and movies, according to an HBO statement released Wednesday.

Variety, which first reported the news on Wednesday morning, estimates that the value of the transaction is 40 million dollars.
"Uncertain" star Issa Rae has just signed a new five-year deal with HBO's parent company, WarnerMedia.

WarnerMedia declined to comment on Rae’s compensation, but the company says “Insecure” was a “series of discoveries” for the network. The woman-centered African-American drama tells the story of Rae’s often funny career and romantic misfortunes in Los Angeles. The show won four Emmy Award nominations and a 2018 Peabody Entertainment Award from its HBO debut in October 2016.

“This new business is an opportunity to harness the power of WarnerMedia to provide a wealth of platforms for Issa’s formidable talent as a producer and storyteller,” Casey Bloys, content director for HBO and HBO Max, said in a statement .

The deal grants HBO, HBO Max and Warner Bros. exclusive rights to Rae’s TV shows. It also includes a first-ever movie offering for WarnerMedia movie brands, including Warner Bros. Pictures Group, HBO Max and New Line Cinema.

Rae was discovered by HBO after producing her 2011 web series “The Misadventures of Awkward Black Girl” before creating “Insecure”. She said HBO has supported her work since she first met Bloys in 2012.

“I’m excited to spread not only my creative wings with the network that makes all my favorite series, but also to produce culturally resonant stories with new voices that incite interesting conversations through Hoorae’s extended relationship with all WarnerMedia platforms.” Rae said in a statement.

Rae and HBO signed a two-year general contract for “Insecure” in 2016, before the show began in October of that year.

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