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.

He may have his hands in half a dozen TV projects, and Zach Quinto may want to quit acting, but that isn’t stopping J.J. Abrams from continuing in his reimagined world of Star Trek with a second film.

First, Abrams announces that he wants She’s Out of My League starlet Alice Eve to have a juicy role in the upcoming sequel. This is the first hard confirmation of new casting news, seeing as the deal with Benicio del Toro has yet to solidify. From Variety.

As is common with Abrams, secrecy has surrounded the pic since the helmer officially announced he would be back — including which characters the new actors will play. Sources say Eve’s character is new to the “Star Trek” universe, unlike del Toro, would insiders believe will be playing someone familiar to Trekkies.

As if that isn’t juicy enough for all you diehards out there, an official date has also been announced, which will make it hard for actors like Quinto to continue to drag their heals.