Michael Bay has extended his first-look deal with Paramount. The Transformers director has signed a three-year extension, and the deal has also been expanded to include another of his production companies, Bay Films, as well as Platinum Dune.
Bay said he feels like "part of the Paramount family" after working with the studio for the past five years. He signed his original deal in October 2009.
The director added: "There is a synergy there that feels different than any other place in Hollywood.
"From Brad Grey and Rob Moore, where my relationship goes back more than a decade, to my very good friend Adam Goodman, and to Philippe Dauman, who has put so much trust in me, and with the powerful marketing of Josh Greenstein and Megan Colligan, Paramount makes for a very comfortable place to work."
Bay has produced Paramount's upcoming reboot of Teenage Mutant Ninja Turtles, which will be released on August 8 in the US, and October 17 in the UK.
Paramount chairman and CEO Brad Grey, added: "With an ever-growing, worldwide fan base, Michael is truly one of the most inspired and beloved filmmakers of our time."
"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."