Friday, March 27, 2009

Paramount extends deal with Abrams

Paramount Pictures has extended its overall deal with J.J. Abrams' Bad Robot Prods., keeping the company on the lot through 2013.

The deal comes as the studio moves into promotional warp speed for the May 8 release of "Star Trek," which Abrams directed and produced.

Abrams and long-time producing partner Bryan Burk set the company at Paramount in July 2006.

Bad Robot is growing into an important supplier of the Paramount film slate. The company's first release was "Cloverfield," which grossed $170 million worldwide. "Star Trek" is the company's second film, and Bad Robot begins production in June on "Morning Glory," the Roger Michel-directed film that stars Harrison Ford and Rachel McAdams to be released in 2010.

"Today's announcement is meaningful to me in many ways," Paramount Pictures Corporation chairman/CEO Brad Grey said. "Bad Robot was one of the first deals we made to help rebuild the studio. J.J. has since become part of the fabric of Paramount, and we look forward to continuing our fruitful creative collaboration for many years to come."

"Bad Robot has had an incredibly fun and productive collaboration with Paramount," Abrams said. "We feel like we're just getting started."

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