Insecure may be coming to an end after the upcoming fifth season but that doesn’t mean Issa Rae‘s bag is too! The 36-year-old has inked a new five-year overall deal with WarnerMedia giving HBO, HBO Max and Warner Bros. television exclusive rights to her media label Hoorae plus a first-look film deal.
According to Variety, the pact is valued at $40 million.
“HBO has been supportive of my work since the very first general meeting I had with Casey in 2012,” she told The Hollywood Reporter. “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.”
Prior to Insecure‘s 2016 debut, Rae signed a two-year overall deal with the television network. HBO Max Chief Content Officer Casey Bloys expressed his excitement for the continued partnership with The Photograph actress stating, “Insecure was a breakthroughs series for HBO, and there is much more on the horizon. This new deal is an opportunity to leverage the strength of WarnerMedia to provide a multitude of platforms for Issa’s formidable talents as a producer and storyteller.”
As the saying goes, when one door closes another one opens, but Rae acknowledged that although she has no regrets when it comes to Insecure, “there’s an element of knowing I’m going to miss this, and I don’t want to take this for granted.”