“David and his team have been creative producers on films in some of the most successful action-adventure and science fiction franchises of all time, and we’re thrilled that Skydance movies will feature prominently on the Paramount slate for years to come,” said Jim Gianopulos, Chairman and Chief Executive Officer of Paramount Pictures.
In the agreement, Paramount will have the opportunity to co-finance and distribute the films that Skydance produces and Skydance has the option to co-produce and co-finance certain Paramount feature films.
Skydance Media and Paramount Pictures have extended their production and distribution agreement for the next four years.
In addition, Skydance Media’s new animated division in partnership with Ilion Animation Studios is part of the deal.