According to a joint press release, Paramount Pictures and J.J. Abrams’ Bad Robot Productions have agreed to an extension of their exclusive, first-look agreement through December 2015. The deal looks to be incredibly lucrative for both sides.
“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.”
Bad Robot Productions’ original first look deal with Paramount began in 2006. Since then we have had releases of a variety of successful films and franchise continuations. Considering that grosses on Mission: Impossible – Ghost Protocol are now $670M globally, while those for the Star Trek reboot hit $385M worldwide, it is no surprise that Paramount is excited about the continuation of this deal. Under the previous Paramount deal, Abrams also had made Cloverfield and Super 8, both of which did well at the global box office.
“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.
It is believed that due to the success rate of his films, his exclusivity deal will bring in quite a paycheck for Abrams and his Bad Robot team. Abrams is currently shooting the next installment of the studio’s Star Trek franchise, which he’s producing and directing.