Deadline is reporting that Paramount Pictures has set a three-year first look deal with Will Ferrell and Adam McKay’s Gary Sanchez Productions, along with its sister label Gloria Sanchez Productions led by Jessica Elbaum.
Paramount is currently set to release the Demetri Martin scripted Will under the Gary Sanchez banner, as well as the English language remake of the German comedy Toni Erdmann, starring Kristen Wiig and directed by Lisa Cholodenko, with Gloria Sanchez producing.
Collectively, the Gary Sanchez-Paramount Pictures library has earned over $1 billion at the worldwide box office.
Naturally, Ferrell upped the ante by stating the studio “has been a great home to us over the years. We couldn’t think of a better fit for Gary and Gloria Sanchez.