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Paramount, Skydance Media extend production deal

Skydance Media extended its global movie production agreement with Viacom Inc.'s Paramount Pictures for an additional four years.

The partnership will see Skydance and Paramount co-producing new movies in the "Top Gun," "World War Z" and "Mission Impossible" franchises, along with the relaunch of the "Terminator" series, with the rumored involvement of director James Cameron, according to an Aug. 7 Variety report.

The two production houses will also collaborate for Sam Raimi-directed thriller "Bermuda Triangle," and action-adventure "Gemini Man." The deal reportedly also covers animated movies, including comedy "Luck" and fantasy "Split," which Paramount will distribute.

Further, Skydance will get to co-finance and co-produce certain Paramount projects, with Paramount having the option to co-finance and globally distribute Skydance movies.