Paramount Pictures has signed Sacha Baron Cohen and his Four By Two Films banner to an exclusive, 3-year first-look deal.

As part of the arrangement, Paramount — which releases “The Dictator” on May 11 — has agreed to partner with Baron Cohen on his next film, and has created a development fund for him to generate projects and find new talent in the U.K. Four By Two Films will be headed by Sir Todd Schulman.

“Sacha is a comic genius,” said Brad Grey, Chairman and CEO of Paramount Pictures.” A wildly talented writer, actor and filmmaker. Beyond that, he is the rare global comedy star. On behalf of all of us at Paramount, we welcome Sacha and look forward to ‘The Dictator’ and many more great pictures for years to come.”

Cohen is repped by WME.