J.J. Abrams, co-creator and exec producer of the WB Network’s much-praised drama “Felicity,” has inked a rich four-year development deal with Disney’s Touchstone TV worth an estimated $16 million.

Deal calls for Abrams to develop comedies and dramas for the studio. “Felicity” producer Imagine TV, which is set up at Disney, may also be involved in some development projects with Abrams.

“J.J. is a gifted writer and producer who has done incredible work for us on ‘Felicity,’ ” said Lloyd Braun, prexy of Buena Vista TV Prods., in announcing the pact. “We are thrilled to have the opportunity to now build a television business with J.J.”

“Felicity,” which Abrams co-created with fellow exec producer Matt Reeves, was one of the most anticipated new shows of this past season, and it marked Abrams’ entry into TV after establishing himself as a feature scribe. Sources say Disney is negotiating an overall deal with Reeves as well.

Most recently, Abrams co-wrote Disney’s 1998 blockbuster “Armageddon.” This summer, Abrams is set to produce a thriller for 20th Century Fox, “Squelch,” which he co-wrote. He’s also producing the indie pic “The Suburbans” with Jennifer Love Hewitt and Ben Stiller.

Abrams’ other producing credits include 1995’s “The Pallbearer,” while writing credits include 1992’s “Forever Young” and 1991’s “Regarding Henry.”

Abrams is repped by Endeavor.