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HBO and Sky have already worked together on big-name series like 'The Young Pope', but now they've announced they're joining forces to make more world-class drama.

The two broadcasters have inked a $250 million-a-year co-production deal to "oversee a development slate of world-class drama series". These will feature "engaging stories with international points of view and casting", according to Sky.

Shows will be greenlit by a panel of executives from both organisations. Within two years, the broadcasters hope to have a consistent output, commissioning at least two drama projects a year. The first shows are already in production, and are expected to air next year.

Expect announcements as to exactly what they are in the coming weeks.

"HBO and Sky have for many years shared a common creative culture and a common vision for the development of high quality drama," said Jeremy Darroch, group CEO of Sky.

"This new venture deepens that relationship, maintains our leadership position in world-class content, provides great opportunities for indies and gives our customers even more opportunity to enjoy brilliant storytelling."

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