Paramount Pictures has come on board to co-produce the MGM action movie “Hercules” starring Dwayne Johnson.
Helmed by Brett Ratner and based on the Radical Studio’s graphic novel “Hercules: The Thracian Wars,” the pic is a revisionist take on the classic myth set in a grounded world where the supernatural does not exist.
The studio has grown fond of the WME and The Garcia Companies-repped Johnson with “Hercules” marking the third project the studio and Johnson have worked on in the last year.
Other projects include Michael Bay’s “Pain and Gain” starring Mark Wahlberg and “G.I. Joe: Retaliation,” both of which are slated to bow next year.
MGM emerged in December 2010 from a pre-packaged bankruptcy and secured a distribution and co-financing partnership with Sony Pictures Entertainment, which includes the films “Carrie,” “The Girl With the Dragon Tattoo,” “21 Jump Street” and “Skyfall.”
Warner Bros. is partnered with MGM on the three upcoming “Hobbit” films, with WB assuming MGM’s share of producing costs in exchange for taking over the international and homevid distribution of the films from MGM. The Lion is partnered with Paramount on “G.I. Joe: Retaliation” and “Hansel and Gretel: Witch Hunters.”