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February 13, 2014 AT 11:59 AM
Sacha Baron Cohen has re-upped his first-look deal with Paramount, even as the studio put his latest comedy project into turnaround, only to have it picked up by Sony. According to the Hollywood Reporter, Cohen and his shingle, Four By Two Films, have signed a new pact, this one for three years with a commitment to produce two movies. But Cohen's first film, Grimsby, which he had been developing with Paramount will be released by Sony.