×
You will be redirected back to your article in seconds

Skydance Extends Deal With Paramount Pictures

New deal extends current deal through 2018

After co-financing three films that made more than $300 million worldwide in 2013, David Ellison’s Skydance Productions has closed a deal to reup with Paramount Pictures.

The new deal will extend the current one, which was scheduled to run out in 2014, through 2018.

Skydance has had a successful partnership with Paramount since it signed a co-financing deal with the studio in 2010. Since then, some of Paramount’s biggest hits have been from films it has co-financed with Skydance, including “True Grit” which grossed $250 million worldwide, “Mission: Impossible – Ghost Protocol,” which grossed more than $690 million worldwide and “Jack Reacher,” which made more than $200 million worldwide.

The company is not just helping on the financing end, but is also getting involved on the development side, similar to the way Legendary Entertainment was when it was at Warner Bros. (This past year, Warner Bros. and Sony had tried to woo Skydance over to their lots).

As part of the agreement, Skydance will continue to have the option to co-finance and co-produce certain Paramount properties. Paramount, in turn, will have first rights on all Skydance projects in development, with the opportunity to co-finance and distribute movies that the company produces.

“Our partnership with David and Skydance has been tremendously successful,” said Paramount Pictures Chairman and CEO Brad Grey. “We are very pleased to extend our relationship and look forward to many more successful years ahead.”

A big part of the extension happening now may have had to do with the three films Skydance co-financed in 2013, and their success rates. Skydance co-financed “G.I. Joe: Retaliation,” “Star Trek Into Darkness” and “World War Z” (pictured) with Paramount. All have performed well at the worldwide box office, with ‘G.I. Joe’ making more than $370 million, ‘Star Trek’ making more than $450 million and “World War Z” making more than $400 million.

The total production spending by Skydance is expected to range between $200 million and $250 million annually.

“Over the past three years Brad Grey, Rob Moore, and Adam Goodman have generously integrated Skydance into their amazing Paramount team,” said Ellison. “Extending our relationship with Paramount is the ideal creative fit to expand our business and produce elevated event entertainment for a worldwide audience.”

Paramount and Skydance’s next co-production, “Jack Ryan” will bow on Dec. 25. The two are also working on the next installment in the “Terminator” franchise, which Ellison is co-producing with his sister Megan and her Annapurna Pictures banner.

More Film

  • UGC Distribution Closes on Mariano Cohn’s

    Ventana Sur: UGC Distribution Closes Market Hit ‘4 x 4’ (EXCLUSIVE)

    BUENOS AIRES — UGC Distribution has beaten out all other suitors to clinch what had became by Friday morning the most anticipated deal of this year’s Ventana Sur market: All rights to France on Argentine Mariano Cohn’s “4 x 4,” sold by Latido Films and distributed throughout Argentina by Disney. After mounting speculation about which [...]

  • Aquaman 2018

    Film News Roundup: 'Aquaman' Hits $152 Million at International Box Office

    In today’s film news roundup, “Aquaman” has already grossed more than $150 million outside the U.S., Michael Masini joins “Birds of Prey,” and Freestyle buys the documentary “Shamanic Trekker.” BOX OFFICE Warner Bros.’ tentpole “Aquaman” has taken in $152 million overseas in 36 markets, with $135 million of that from China, where it opened on [...]

  • 'Winter's Night' Review: Enigmatic, Offbeat Korean

    Tallinn Film Review: 'Winter's Night'

    There are thousands of films about love’s beginning, and a great many about love’s end. But far fewer deal with a relationship’s late-middle: the spreading, sluggish delta of coupledom when decades of familiarity, if they have not bred contempt, at least threaten irritation. “Winter’s Night,” Jang Woo-jin’s playfully melancholic third feature, after the acclaimed “A [...]

  • Tomasz Kot UTA

    UTA Signs ‘Cold War’ Star Tomasz Kot (EXCLUSIVE)

    UTA has signed “Cold War” star Tomasz Kot. He has appeared in more than 30 films and 26 plays as well as dozens of television series. Most recently, Kot has received award-season buzz for his starring role as Wiktor in Pawel Pawlikowski’s feature “Cold War” for Amazon. The project has earned him a nomination for [...]

  • Kenneth Branagh's 'All Is True' Opening

    Kenneth Branagh's 'All Is True' Opening Palm Springs Film Festival

    The 30th annual Palm Springs International Film Festival will open on Jan. 3 with historical drama “All Is True,” starring Kenneth Branagh, Judi Dench, and Ian McKellen. Branagh, who will be in attendance at the opening night screening, directed from Ben Elton’s script about the little-known period in the final years of William Shakespeare. Branagh [...]

  • Actor and Activist Rodney Kageyama Dies

    Actor and Activist Rodney Kageyama Dies at 77

    Actor, activist and influentials member of the Japanese American community, Rodney Kageyama, died in his sleep Dec. 9. He was 77. The SAG member was known for roles in “Karate Kid IV” with Hillary Swank, Ron Howard’s film “Gung Ho” and the spinoff sitcom, and the TV movie “Hiroshima: Out of the Ashes” with Max [...]

  • Most Popular Films 2018: The Best

    9 Holiday Gift Ideas Inspired by This Year's Most Popular Films

    From superheroes to super nannies, 2018 was a year full of memorable characters — and memorable movies. Whether you’re a big film buff, an avid follower of a popular franchise, or have a couple movie fans in your life, here are nine gifts that capture the fun of some of this year’s biggest films. 1. [...]

More From Our Brands

Access exclusive content