Arrow, The Flash, Blindspot executive producer Greg Berlanti inks $300 million deal

Today is, clearly, a very good day for Greg Berlanti. The prolific producer, whose credits include the entire Arrowverse on The CW, Blindspot on NBC, The Chilling Adventures of Sabrina at Netflix, and so many more, has inked a new deal to stick with his studio Warner Bros. TV through 2024. The most shocking part of it is the monetary value — according to TVLine, it is worth upwards of $300 million. This is the second-biggest deal ever at the studio, behind only that of Chuck Lorre of The Big Bang Theory / Two and a Half Men fame.

What this deal effectively means is that Berlanti can continue to oversee all of his different shows at the studio, while also continuing to pursue some other projects. (He recently directed the feature film Love, Simon.) Some of his notable past TV series include Everwood, Eli Stone, Political Animals, and The Tomorrow People.)

In a statement confirming the new deal, here is what Berlanti had to say:

“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 … I’m eternally grateful to all of them and to the audiences that have watched our shows. And finally, I’m thankful for the love, guidance and support I get from my husband, my family and my friends, which make moments like this one possible and all the moments in between the real reward.”

This deal, while expensive, is still wonderful news both for Warner Bros. TV and for all of network TV as a whole, especially with other producers like Ryan Murphy and Shonda Rhimes heading over to Netflix. While you always want to have room for new creative voices at any given network, there are also times you want to pair them up with established hit-makers who can either collaborate with them or help to promote them in some capacity. Berlanti has an enormous track record at this point producing hits in a wide array of different genres and with some new shows coming under his production banner, including All American over at The CW, there is potential for many more to come your way.

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