Michael Bay Extends First-Look Deal at Paramount
Michael Bay has extended a first-look deal with Paramount for three additional years, the studio said on Thursday. The agreement includes Platinum Dunes, Bay's production company, and Bay Films.
"Over the years I have become part of the Paramount family," said the director in a statement. "There is a synergy there that feels different than any other place in Hollywood."
Bay's fourth entry in the lucrative Transformers series, Age of Extinction, recently became the highest-grossing movie in China's history, where it crossed the $300 million mark over the weekend. The director's reboot of the Teenage Mutant Ninja Turtles for Paramount is set to open in U.S. theaters on Aug. 8.
"With an ever-growing, worldwide fan base, Michael is truly one of the most inspired and beloved filmmakers of our time," said Paramount CEO and chairman Brad Grey in the statement. "We take great pride in the fact that Michael is part of the Paramount family and we look forward to growing our productive and successful partnership."