Michael Bay has been working with Paramount Studios for the past few years with his massive Transformers franchise, so its no surprise that the director has decided to take their relationship to the next level. According to Variety, Paramount has signed a first look deal with Bay’s production company, Platinum Dunes.
Platinum Dunes is known for producing the latest in low budget horror flicks such as The Unborn, and the upcoming reboot of A Nightmare on Elm Street. With the current state of the industry, Paramount sees this deal as a cheap way to make profitable films. This is the first major business deal to be established by Adam Goodman, the new president of 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.”
Platinum Dunes has already established itself in the horror genre, and next they plan to expand into the thriller field. A few projects already on the horizon include The Butcherhouse Chronicles, a thriller that is being likened to The Breakfast Club in a haunted house and Property of the State, a thriller about a young white-collar criminal whose attempt to straighten out his life is imperiled by an obsessive and menacing parole officer.
Platinum Dunes’ films always come off as campy to me, and I mean campy in a bad way. The only film of theirs that I’m actually excited to see is the new Nightmare on Elm Street. Other than that these pending projects don’t sound that promising.
What do you think of Michael Bay teaming with Paramount?