Paramount, Abrams Extend First-Look Deal

Today J.J. Abrams' Bad Robot production company have announced they have extended their first-look deal with Paramount Pictures through December 2015. The deal means what it sounds like, any movie ideas that Abrams' company is considering making gives Paramount first dibs on it. The deal led to Mission: Impossible 3, Cloverfield, Star Trek, Super 8 and now many more. The extension of the deal doesn't exactly come as a surprise considering the successful string of films that Abrams has produced, written and directed.

Press release:

PARAMOUNT PICTURES & J.J. ABRAMS’ BAD ROBOT EXTEND EXCLUSIVE FIRST-LOOK DEAL
HOLLYWOOD, CA (February 22, 2012) – Paramount Pictures, a unit of Viacom Inc., and Bad Robot Productions jointly today announced an extension of their exclusive, first-look agreement through December 2015.

The prolific production company, whose original first look deal with Paramount began in 2006, is currently shooting the next installment of the studio’s Star Trek franchise. Once again, Abrams is directing and Bad Robot is producing the tent-pole, which will be released in 3D on May 17, 2013.

“J.J. is a unique talent and a captivating storyteller,” said Brad Grey, Chairman and CEO of Paramount Pictures. “J.J., Bryan Burk and the whole Bad Robot team are an integral part of Paramount and we’re proud to continue our collaboration. Their pictures have extraordinary resonance around the world and we’re so pleased Paramount will be their home for years to come.”

“Brad, Rob, Adam and the whole Paramount team have given Bad Robot truly incredible support, a fun and smart collaborative environment and access to the best film distribution people in the business. I couldn’t be happier knowing that Bad Robot features will remain at Paramount,” said Abrams.

Bad Robot’s previous project with Paramount was “Mission: Impossible – Ghost Protocol.” The film, which was produced by Bad Robot, to date has brought in over $600 million in global box office revenue. Bad Robot and Paramount’s creative partnership has resulted in great success over the last 6 years. In addition to the above mentioned films, projects between the companies have included: 2006’s “Mission: Impossible III,” 2008’s “Cloverfield,” 2009’s “Star Trek,” 2010’s “Morning Glory,” and 2011’s “Super 8.”