James Gunn's DC Studios Contract May Be Up This Year; Mister Terrific TV Series In The Works

James Gunn's DC Studios Contract May Be Up This Year; Mister Terrific TV Series In The Works

As the Supergirl backlash continues, a new report delves into James Gunn and Peter Safran's contracts as DC Studios co-CEOs, while we also have news on plans for a Mister Terrific TV series.

By JoshWilding - Jul 04, 2026 04:07 AM EST
Filed Under: Superman
Source: The Hollywood Reporter

Yesterday, The Hollywood Reporter shared a piece breaking down Supergirl's troubled production. Creative issues besieged the DC Studios movie, and the whole thing has painted a concerning picture of James Gunn's capabilities as the DCU's Kevin Feige.

The trade has shared a few other interesting insights, including the fact that Gunn and fellow co-CEO Peter Safran's contracts are up either at the end of 2026 or 2027 (we're hearing April 2027). It's highly doubtful that either man would be given their marching orders after one box office flop, but we have to believe that a lot is riding on Clayface and Man of Tomorrow succeeding.

The Batman Part II's inevitable success won't help Gunn and Safran, as it's unrelated to their DCU plans and more a Warner Bros. Pictures production than a DC Studios one. Of course, that hasn't stopped Gunn from trying to promote his involvement with the sequel, similar to how he took credit for Super/Man: The Christopher Reeve Story and The Penguin, both of which were developed without him. 

As the trade explains, "Gunn will continue to exercise his ideas, especially his penchant for spotlighting lesser-known side characters." That includes the upcoming DC Crime TV series revolving around Jimmy Olsen—the trade confirms that cameras roll this fall—and a previously unannounced Mister Terrific TV series from Allan Heinberg (The Sandman), who is writing the pilot.

The Superman spin-off is reportedly in active development, joining a list of DCU movies and TV shows on the way before many of those announced by DC Studios at the start of 2023.

"Supergirl’s failure does put a scrutinising spotlight on Gunn, who has positioned himself as the face of the company as no other studio head has before, thanks to his prodigious output on social media and comments in the press about quality control," the report notes, later suggesting that Paramount's planned acquisition of Warner Bros. Discovery could be problematic for the filmmaker.

David Ellison is eager to make Paramount a studio with a successful slate of franchises. He's had no qualms about scrapping projects fans wanted—Teenage Mutant Ninja Turtles spin-off, The Last Ronin, for example—for movies that fit his vision of the future. So, if the DCU doesn't look like a profitable venture, we could be in store for another reboot or a return to standalone DC movies, similar to before the DCEU's launch. 

Ultimately, even that may not be Gunn's biggest challenge. Moviegoers are now far more selective, and C-list superheroes are a hard sell. As one anonymous studio head put it, "Gen Z does not care about superhero movies. That genre belongs to millennials."

About The Author:
JoshWilding
Member Since 3/13/2009
A lifelong comic book fan who grew up on Spider-Man: The Animated Series in the '90s, Josh Wilding has been contributing to ComicBookMovie.com since 2009.

While he's also written for websites like Batman-News, HeyUGuys, and WhatCulture, Josh is CBM's Rotten Tomatoes-approved critic and the site's #1 contributor with nearly two decades of experience covering film and TV news (including interviews with Tom Holland, Chris Pratt, Gary Oldman, Halle Berry, Jon Bernthal, Tom Welling, and hundreds more).

Based in the UK with his wife, Josh is also an avid WWE and Formula 1 fan and writes about those passions on CBM's sister sites, TheRingReport.com and FullThrottleHQ.com. Favourite superhero? Spider-Man. Favourite pro wrestler? CM Punk. Favourite F1 driver? Max Verstappen.
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TheJok3r
TheJok3r - 7/4/2026, 4:15 AM
If Gunn's contract is indeed up in April, then I expect him to get extended until the end of July to see how MOT performs before deciding on whether to let him go or not.
jst5
jst5 - 7/4/2026, 5:35 AM
@TheJok3r - The rumor is something is in the contract that if WB is sold(which all know that's happening) that as soon as the sale is final(being said this month is the month) that from three months after the sale goes final the company(Paramount) or Gunn can end the contract early.

MOT press tour could be a massive mess next year if Lanterns and Clayface go south this year because Gunn might not even be a part of DC at that point.

I have a feeling Clayface make do decent for what it is...and Gunn has zero fingers on that so there is hope there the timing they are putting that out is good too because folks are looking for a good "horror" film during that area....however I have a feeling Lanterns is going to bomb.

There is pretty much zero hype for Lanterns and what does get talked about is never very good about the feel of the show.

I think Paramount will probably just let things play out with MOT and then reboot ..there is no doubts some type of reboot is coming.Probably will start Paramount DC era with Batman and then go from there.....that said Gunn could announce he's leaving way before then ...I'll be thrilled with any route it goes as long as Gunn is done!Hopefully Paramount finally finds someone solid to run DC.

As massive of a Supes fan I am....I'd rather build towards him and not him be what you start DC with.It's been tried twice now(DCEU and DCU) and it hasn't worked either time.So we probably won't be seeing Superman on the big screen for a good while after MOT.
ObserverIO
ObserverIO - 7/4/2026, 11:31 AM
@jst5 - I think Lanterns could actually be good. It has a good writer/showrunner and because it's HBO Gunn doesn't have that much influence or control. Which also means that even if it is good it doesn't necessarily work in his favor.

Same goes for Clayface. It's a co-production with Matt Reeves company and has a lot more in common with his Batman than with the DCU. But it having such a low budget means it probably only needs to make approximately $90M to break even. Unless it's a worse trainwreck than Supergirl, I don't see that being a problem. So it'll probably make money but that doesn't mean that MOT isn't in a whole heap of trouble. It's the third film in the super saga and the first two films have collectively shit the bed worse than Mera.
jst5
jst5 - 7/4/2026, 12:39 PM
@ObserverIO - I have a very hard time seeing Clayface making much at the box even if it's good.I have a lot of doubts about Lanterns though...a lot.
Patient2670
Patient2670 - 7/4/2026, 4:04 PM
@jst5 - RE: Clayface - Don't forget, everybody said that same thing about Joker - which didn't S#!t the bed until the sequel.
jst5
jst5 - 7/4/2026, 10:21 PM
@Patient2670 - Joker is a A list villain with a big name actor attached to it.
Patient2670
Patient2670 - 7/4/2026, 10:48 PM
@jst5 - True. And the reaction was bigger and even more visceral that people didn't want a Joker Movie that didn't involve Batman. I can't say that Clayface will be a blockbuster, but the trailer looked great IMO. I think if it wasn't for Joker 2, Clayface would have had a real chance to profit off the good will from the first one. People may be more skittish now. We'll have to wait and see.
jst5
jst5 - 7/4/2026, 11:48 PM
@Patient2670 - I think the movie is going to be one DC fans like even though Batman won't be in it....but the normal moviegoer won't spend the money to see it and will wait to take the time once it's streaming.That's going to be the issue for Clayface.

The timing can't be at a worst time for Gunn....Supergirl is a box office flop and then the very next box office movie a few months later is a B level Batman villain with no Batman in the movie....major yikes!
Patient2670
Patient2670 - 7/5/2026, 1:03 AM
@jst5 - Yeah, I agree with a lot of what you're saying. But outside the DC fans, Mike Flanagan also has a big following these days, so having his name attached as writer should help some. Especially since it has a smaller budget and won't need to make as much at the BO, in oorder to be successful. I hope word of mouth is good, and the movie's association with Gunn doesn't work against it.

After what just happened with Supergirl, MOT is probably going to take a financial hit. With all the Gunn hate and chatter out there, I'm not sure there's a whole lot of anything he could do to save his job as CEO. And honestly, maybe that's not the worst thing in the world. I like a lot of his movies- and he'll be able to keep working (maybe not at DC), but not everyone is cut out to run a huge studio.

I think people waiting for streaming is becoming a big factor for most movies. The Oddessy will do well in theaters, because it's an IMAX thing as well as Nolan, But even something like Spider Man- which people seem genuinely excited for, might not live up to the haul that the last one made. Same for (and proobably moreso) the next Avengers movie. Probably Batman Part 2 as well.
BlackStar25
BlackStar25 - 7/4/2026, 4:17 AM
I'd prefer a Terrifics movie.

User Comment Image
NotMyDiagnosis
NotMyDiagnosis - 7/4/2026, 4:32 AM
@BlackStar25 - thats right up Gunn's street if we're being honest.
TheVisionary25
TheVisionary25 - 7/4/2026, 11:19 AM
@BlackStar25 - a tv show might be a safer bet given the box office climate right now.
PS118
PS118 - 7/4/2026, 1:20 PM
@BlackStar25 -

Much more likely sense we also have element man
Bucky74
Bucky74 - 7/4/2026, 8:10 PM
@NotMyDiagnosis - Gunn’s Superman was a big disappointment for me but Guy and Terrific should have been arrested because they stole every scene they were in. A Mr. Terrific series would work unlike most of Gunn’s DCU
WingDing11
WingDing11 - 7/4/2026, 4:39 AM
Josh got cucked by James Gunn that’s the only explanation for this obsessive vendetta
ObserverIO
ObserverIO - 7/4/2026, 5:27 AM
@WingDing11 - So it's Josh's fault that all this is happening. Gotcha.
dhlthecobra
dhlthecobra - 7/4/2026, 9:20 AM
@WingDing11 - These articles are everywhere. What the [frick] are you talking about?
bobevanz
bobevanz - 7/4/2026, 11:06 AM
@ObserverIO - what's "all this" lmao two movies and two shows. Don't be so dramatic
ObserverIO
ObserverIO - 7/4/2026, 11:13 AM
@bobevanz - ikr how can it be this bad already so early on.
WingDing11
WingDing11 - 7/4/2026, 12:54 PM
@ObserverIO - Are you blind? This Josh guy is pumping out 15 articles a day trashing Supergirl, did so leading up to its release and did the same thing to Superman, article after article pushing an inaccurate narrative from a clear point of bias. Are you really so easily manipulated by garbage journalism? “All this” ?? Really?
ObserverIO
ObserverIO - 7/4/2026, 1:19 PM
@WingDing11 - Actually his latest article doesn't have Supergirl anywhere in the title, so hah!
https://comicbookmovie.com/dc-studios/how-james-gunn-is-destroying-the-dcu-one-c-list-superhero-at-a-time-a228637
WingDing11
WingDing11 - 7/4/2026, 1:22 PM
@ObserverIO - hah 😂 more specifically he’s just trying to derail the DCU and it reads as some sort of obsessive and jealous vendetta.
Moriakum
Moriakum - 7/4/2026, 4:42 AM
Hell yeah, that’s the projects people want: Mr Terrific, Jimmy Olsen and Clayface. DCU is on fire!
China1975
China1975 - 7/4/2026, 4:52 AM
My big question is, if Gen Z audiences don’t like superhero movies, what do the like? YouTube concepts like Back Rooms, video game films? I’m just curious!
Thing94
Thing94 - 7/4/2026, 5:06 AM
@China1975 - I'm not. They're going to watch superhero films and like it!! Haha
jasonvoorhees
jasonvoorhees - 7/4/2026, 5:19 AM
@China1975 - YouTube, TikTok, Fortnite, Roblox. That what they like.
ObserverIO
ObserverIO - 7/4/2026, 5:31 AM
@China1975 - exactly that yeah. Backrooms, Obsession, low key indie horror movies.

I think superhero movies can win them back though. But they really need to start thinking about Gen Alpha imo. If Marvel reboots hard and if Paramount sorts DC out (probably with a much cleaner reboot) then the golden age will return.
ObserverIO
ObserverIO - 7/4/2026, 5:33 AM
See I say "Win them back" but the problem is that they never had them to begin with. The MCU is too big now it has too much continuity baggage. And the DCU was unfathomable to them from it's first movie.
Urubrodi
Urubrodi - 7/4/2026, 6:17 AM
@China1975 - Well pretty sure there will be a bigger chance of them liking actually good superhero films… otherwise they will naturally give preference to other things that look good
FireGunn
FireGunn - 7/4/2026, 7:13 AM
@jasonvoorhees - Gen Z isn't Gen Alpha
FireGunn
FireGunn - 7/4/2026, 7:13 AM
@China1975 - Obsession and Backrooms success shows what Gen Z likes
dragon316
dragon316 - 7/4/2026, 7:43 AM
@China1975 - you nailed hard and gooood there stupid lazy there slave to phones tablets instead of going out in world you go out what do you see adults on phones waiting in line teens and adults in theaters phones on people on phones waiting in line shopping get hair cut they prefer low quality picture not hd on tablets and phones tv than see theater go out in world
dragon316
dragon316 - 7/4/2026, 7:44 AM
@ObserverIO - how many bad stuff has marvel put out tv shows and movies alike marvel barley hanging on tight rope can fall any second
dragon316
dragon316 - 7/4/2026, 7:45 AM
@jasonvoorhees - stupid short attention span videos last under minute there’s movie they like and low quality they prefer see someone do something stupid have no talent then watch video someone with talent that should billions of views
UltimaRex
UltimaRex - 7/4/2026, 5:10 AM
User Comment Image

See you in 2036.
Urubrodi
Urubrodi - 7/4/2026, 6:19 AM
@UltimaRex - you and the “Reboot Marvel and DC” guy can get quite annoying with these repeated bs
UltimaRex
UltimaRex - 7/4/2026, 6:35 AM
@Urubrodi - YOU DON'T SAY.

"Gunn's getting fired" No.
"Gunn's getting fired" No.
"Gunn's getting fired" No.

Then Josh notices and starts pumping out bs rumours like he doesn't know HOW HOLLYWOOD OPERATES.

"Gunn's getting fired" No."Gunn's getting fired" No."Gunn's getting fired" No."Gunn's getting fired" No."Gunn's getting fired" No."Gunn's getting fired" No."Gunn's getting fired" No."Gunn's getting fired" No...
dragon316
dragon316 - 7/4/2026, 7:46 AM
@UltimaRex - if that was case Kevin be fired after his first bad movie tv show he released
Sector7
Sector7 - 7/4/2026, 9:57 AM
@UltimaRex -
Good Luck...
By The Time The Convergence Starts, Cartoon Network Would've Already Brought Back The DC Animated Universe!!
UltimaRex
UltimaRex - 7/4/2026, 11:22 AM
@Sector7 - good.
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