After a partnership deal, Paramount Pictures and Hasbro Inc. have decided to produce and distribute content-based films on Hasbro brands and original stories.
The two companies will collaborate on live-action and animated films with Hasbro’s Allspark Pictures and will work with Paramount Pictures for development and production.
The two will finance the projects at varying levels of investment while Paramount will distribute the projects produced during the five-year term of the deal worldwide.
Paramount and Hasbro will also work together for TV programming.
Earlier, Hasbro has partnered with Paramount on five Transformers movies to date and two G.I. Joe films. The first Transformers spin-of titled Bumblebee, is slated for release early next year.