“Power” creator Courtney Kemp is giving fans a major series update. The Starz executive has announced plans to put spin-off shows into production.

Kemp hopped on Instagram Thursday (October 25) to break the massive news to “Power” heads.

According to new reports, Kemp has signed a new overall wide-ranging deal with Starz’s parent company Lionsgate.

Deemed as “one-of-a-kind” agreement by Lionsgate itself, the development and production deal launches Kemp and her End of Episode shingle to expand the Power franchise with potential spinoffs among a number of commitments by Starz. Additionally, the compact encompasses other projects for Lionsgate to take to market for Kemp on a multitude of platforms. While officially no one’s offering specific terms for the deal, it is over a three-year period of time, I hear, with a very solid investment from Lionsgate. (Deadline)

Back in May, buzz developed about a potential “Power” spin-off going down with series star Larenz Tate.

theJasmineBRAND exclusively reports, Power is reportedly prepping a spin-off. Sources tell us that the series will star Larenz Tate. Tate joined the series during season 4, playing the recurring role of Councilman Tate. We’re told that Tate will be joined by other Power cast members, but their identity or involvement has not yet been revealed. (the Jasmine BRAND)