Paramount Pictures and Hasbro, Inc. have announced that they are teaming up to produce and distribute new content based on Hasbro brands and original stories as part of a new five-year deal.
Hasbro and Paramount will collaborate on live action and animated films with Allspark Pictures and Allspark Animation playing an active role alongside Paramount Pictures in development and production. This expands upon an existing relationship between the two companies which has resulted in five “Transformers” films, two “G.I. Joe” films, and the upcoming spin-off “Bumblebee”.
Paramount and Hasbro will partner on financing projects at varying levels of investment, and Paramount will distribute the projects produced during the five year term of this deal worldwide. Paramount and Hasbro will also collaborate on television programming.
Source: Paramount Pictures