Deadline:

JJ Abrams and his Bad Robot are in final talks for him to keep his TV business and move his film business under the WarnerMedia umbrella. There had been rampant speculation that he would end up there or with Apple, with WarnerMedia emerging as a frontrunner over the past couple of weeks as the shorthand he had developed with the Warner Bros TV gang, and a massive financial commitment has won the most coveted overall deal that had been in play. Expectations were that the deal would fall in the $500 million range.

Bad Robot is not without their misses in their hits, but if anyone can deliver on that amount of money, it’s JJ Abrams.