Brad Pitt signs production deal with Paramount Pictures

Brad Pitt decided to move Plan B film production company from Warners Bros to Paramount Pictures, after Pitt's former manager Brad Grey was named chairman and CEO of Paramount Pictures.

Grey, who has also produced a number of TV series, said: "It's been no secret that I've wanted Plan B to have a home at Paramount. It's especially gratifying to be bringing Brad and my old friends and colleagues from Plan B over as one of our first major production deals for the studio."

"Having great respect for Brad's vision, we're excited for this opportunity to continue building our company in partnership with him and his team at Paramount," said Pitt.

Jennifer Aniston, Brad's ex wife, is no longer a parter at Plan B company, but will continue to get involved in the projects. Plan B is currently developing "True Story" and "Glass Castle".