Robert Downey Jr.’s Production Company Exits Warner Bros. (Exclusive)

Susan Downey and actor husband’s Team Downey part ways with studio after six years

Team Downey Annapurna Richard Linklater

Team Downey — the production company led by actor Robert Downey Jr. and wife Susan Downey — is no longer in a first-look deal at Warner Bros. Pictures, two insiders familiar with the matter told TheWrap.

Team Downey had been set up at the studio since its inception in 2010, but recently left in what one insider described as a mutual parting of ways.

The Downeys remain involved in top priority projects at the studio, per the insider, including a live-action take on the children’s classic “Pinocchio,” and a third installment of the successful Sherlock Holmes film franchise which stars Downey and Jude Law.

In Susan’s case, the move comes after decades working with the Burbank-based studio. She was a key player at Silver Pictures, Joel Silver‘s production company, which spent 25 years in partnership with WB. Silver left the lot in 2010, at which point Susan pivoted to the current family business.

Together, Team Downey and Warner Bros released the 2014 drama “The Judge,” which earned awards buzz for Downey Jr. and co-star Robert Duvall. The film grossed $85 million worldwide.

The company has numerous other projects in development including a reported HBO crime series with “True Detective” creator Nic Pizzolatto, and a previously announced action movie about the true story of the 1945 sinking of the USS Indianapolis, which left its crew members floating in shark-infested waters for five days.

Downey Jr. will also keep his day job as movie star — Marvel’s Iron Man heads to Atlanta, Georgia, to shoot “Avengers: Infinity War” in January.