Platinum Dunes + Paramount

Posted on Oct 7, 2009

From Variety:

Paramount Pictures has signed a first-look producing deal with Platinum Dunes, the genre division run by Michael Bay, Brad Fuller and Andrew Form.

While Bay is well established at the studio on the high end with the “Transformers” franchise, Platinum Dunes puts him and his partners in position to be the go-to guys for low-budget fright fare.

“We offer a valuable service to the studio, especially with all this turmoil going on in the business right now, in that we do things cheaply, and we’ve had a lot of success with it,” Bay told Daily Variety. “Through the first two ‘Transformers’ films, I’ve gotten to know the studio very well, and I’ve got a good rhythm with them. I’m excited about this.”

The pact marks the first term deal given by Adam Goodman since he became president of the Paramount Pictures Film Group.

“What makes us so excited to have Platinum Dunes here at Paramount is how Michael, Brad and Andrew carved out an important niche for themselves over the past few years,” Goodman said. “They have consistently created excitingly commercial movies that have proven to be a formidable force at the box office. We look forward to a long and productive partnership with them.”