Paramount Acquires Worldwide Rights to Reitman and Cody's 'YOUNG ADULT'

Paramount Acquires Worldwide Rights to Reitman and Cody's 'YOUNG ADULT'

The film begins principal photography in NY this month

HOLLYWOOD, Calif., Oct. 7 /PRNewswire/ -- Paramount Pictures has acquired worldwide distribution rights to Mandate Pictures' YOUNG ADULT from Academy Award®-nominated director Jason Reitman and Academy Award®-winning writer Diablo Cody. Academy-Award® winning actress Charlize Theron ("Monster," "The Road") stars alongside Golden Globe nominee Patrick Wilson (Angels in America, the upcoming "Morning Glory") and Patton Oswalt ("Ratatouille").

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The movie will be produced by Academy-Award® nominated producers Lianne Halfon and Russell Smith of Mr. Mudd Productions, Mason Novick, Diablo Cody, Jason Reitman through his film banner Right of Way Films and Denver & Delilah Films. Nathan Kahane, John Malkovich, Helen Estabrook and Steven Rales will executive produce. Mary Lee, Kelli Konop, Brian Bell and Beth Kono will co-produce. Paramount's David Beaubaire, will run point for the studio.

YOUNG ADULT marks the second collaboration for these filmmakers. Reitman, Mr. Mudd, Mandate, Novick and Cody had an enormously successful partnership on JUNO. The film, directed by Reitman and written by Cody, garnered a host of accolades, including an Academy Award® for Best Original Screenplay and three Academy Award® nominations for Best Motion Picture (Lianne Halfon, Mason Novick and Russell Smith, Producers), Best Actress, and Best Director. The $227 million box-office and critical sensation was released by Fox Searchlight in late 2007.

The film also marks the third collaboration for Reitman and Paramount. The studio released his Academy-Award® nominated "Up in the Air"last year. Earning over $160 million world-wide, the movie earned six Academy-Award® nominations, and five Golden Globe nominations, with Reitman taking home the Golden Globe for Best Adapted Screenplay. Reitman next produces the upcoming Paramount Pictures film "Jeff Who Lives At Home," starring Jason Segel and Ed Helms, and directed by Jay and Mark Duplass, to be released in 2011.

"We immediately jumped at the chance to work with Jason again," said Paramount Film Group President Adam Goodman. "He's one of the most talented filmmakers working today and look forward to this next collaboration."

Dan Freedman, SVP of Business and Legal Affairs, negotiated all deals for Mandate Pictures.

ABOUT PARAMOUNT PICTURES CORPORATION

Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Viacom (NYSE: VIA, VIA.B), a leading content company with prominent and respected film, television and digital entertainment brands. The company's labels include Paramount Pictures, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films, and Nickelodeon Movies. PPC operations also include Paramount Digital Entertainment, Paramount Famous Productions, Paramount Home Entertainment, Paramount Pictures International, Paramount Licensing Inc., Paramount Studio Group, and Worldwide Television Distribution.

ABOUT MANDATE PICTURES

Mandate Pictures is a multifaceted film production and financing company with a distinguished reputation and proven track record of success and profitability. Acquired by Lionsgate (NYSE: LGF) in 2007, Mandate continues to operate as an independent brand delivering acclaimed commercial and independent films worldwide. Under President Nathan Kahane, Mandate has carved out a unique position in the film industry, having the creative autonomy and capital to finance, develop, package and produce theatrical films such as the Academy Award®-nominated film, JUNO, directed by Jason Reitman, written by Diablo Cody and starring Ellen Page, Michael Cera, Jennifer Garner and Jason Bateman. Mandate's most recent film THE SWITCH, starring Jennifer Aniston and Jason Bateman, was released by Miramax Films on August 20, 2010; upcoming films include an untitled comedy starring Joseph Gordon-Levitt and Seth Rogen, which will be distributed by Summit Entertainment in 2011.

SOURCE Paramount Pictures Corporation

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CONTACT: Katie Martin Kelley, EVP, Publicity of Paramount Pictures, +1-323-956-2821, KMK@Paramount.com

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