James Gunn And Peter Safran’s DC Contracts Expire April 2027 (Report)

UPDATE 4: With DC elevated at Skydance, the DCU could go bigger, if Gunn makes it past this expiration date.

UPDATE 3: Skydance’s official leadership team is out, and Gunn and Safran are on it as Co-Chairmen of DC Studios, with no word on an extension.

UPDATE 2: Gunn says he is already writing his next movie with the Man of Tomorrow assembly cut complete.

UPDATE: Boxoffice Pro’s first forecast projects Clayface to open below Supergirl.

James Gunn and Peter Safran’s contracts as the heads of DC Studios expire in April 2027, according to Bloomberg.

“The contracts of Safran and Gunn expire in April 2027.”

The date comes in Friday’s report on David Ellison’s plans for the merged film business.

Gunn and Safran met with Ellison on Thursday, and the pair are joining the new company.

The merger closes October 6. April 2027 is six months later.

It also lands before Man of Tomorrow. Gunn’s Superman sequel opens July 9, 2027, which means the contracts run out before the movie even hits theaters.

Our September 1 report said Gunn has no new extension, with the current deal expiring in 2027.

Bloomberg just put a month on it.

David Corenswet Superman Fire Scene

Goldberg And Greenstein Take Over Warner Bros. Pictures

Bloomberg confirms the executive shakeup.

Dana Goldberg and Josh Greenstein, who run Paramount Pictures, will oversee Warner Bros. Pictures once the $111 billion deal closes.

Mike De Luca and Pam Abdy will not join the combined company, which is being renamed Skydance. Their Warner Bros. contracts were renewed just last October.

James Gunn, Peter Safran Named Biggest Losers Of 2026 Over Supergirl Flop
Peter Safran and James Gunn

‘Keep Doing What You’re Doing’ Has An End Date

Thursday’s sit-down is the same meeting THR reported, where Ellison told Gunn and Safran to “keep doing what you’re doing” without handing them a new deal.

Bloomberg adds how DC made its case.

Earlier this year, Ellison traveled to the Man of Tomorrow set in Atlanta, where DC presented its strategy to Paramount management, including CFO Dennis Cinelli and chief strategy officer Andy Gordon.

Per Bloomberg, Ellison backed the pair’s DC plan during the meeting.

But backing the plan and extending the contracts are two different things.

Earlier this week, the word was Gunn and Safran keep running DC “at least initially.”

Now “initially” has an expiration date. April 2027.

A Paramount insider says the budget reviews have already started, and Clayface is the first test. It opens October 23.

And insiders say David Corenswet could keep Superman IF Man of Tomorrow makes money (Netflix CEO confirmed Gunn’s Superman underperformed).

So the calendar reads: merger closes October 6, Clayface opens October 23, Gunn and Safran’s contracts expire in April, and Man of Tomorrow opens that July.

About Matt McGloin

Matt McGloin is the editor-in-chief and publisher of Cosmic Book News, the independent entertainment news site he founded in 2008. He covers movies, comics, TV, video games and pop culture and has reported major industry scoops over the years, including revealing the Avengers: Endgame title ahead of its official announcement. Through Cosmic Book News, he helped Marvel Comics promote Guardians of the Galaxy and Nova through exclusive previews, artwork, and interviews, with the site also quoted in solicitations and on comic covers. He also reported on Marvel’s Daredevil: Born Again retooling before it was later confirmed by the trades.

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