J.J. Abrams' Bad Robot is closing a deal with WarnerMedia.
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The deal is expected to be valued at around $500 million.
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Abrams is currently in post-production on Star Wars: The Rise of Skywalker...
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And is developing a TV series titled Demimonde for HBO.
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It's not clear what this deal could mean for Bad Robot's Cloverfield movie franchise...
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Though they appear to be done making Star Trek films for Paramount.
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As for Abrams: he's just focused on finishing Rise of Skywalker on-schedule right now.
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