"Paramount and Hasbro have had a longstanding relationship and we're proud of the success we've enjoyed on the 'Transformers' and 'G.I. Joe' franchises," said Paramount's Brad Grey.
"We're excited to grow our agreement and make even more movies ...
"...based upon these popular and powerful Hasbro characters and their worlds."
"These brands are filled with memorable stories and vivid characters," said Hasbro chairman, president, CEO Brian Goldner, "and this universe creates a framework for how they will become interconnected.
"Extending our partnership with Paramount allows us to continue our long-term strategy and overall vision to build dynamic worlds for all of our brands...
"...and we are thrilled to collaborate with them as we develop these properties."
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