Comedy shops Gary Sanchez and Gloria Sanchez Productions have signed an overall first look deal with Paramount Pictures, the studio announced Wednesday.

Run by comedian Will Ferrell, Oscar-winning writer and director Adam McKay and producer Jessica Elbaum, the companies are behind hits like the “Anchorman” franchise, “Step Brothers” and indies like Leslye Headland’s “Bachelorette’ and “Sleeping With Other People.” The library has grossed nearly $1 billion at the worldwide box office.

“Adam and Will are among the most influential and innovative comedic minds of our time, and we couldn’t be happier to welcome back the strong partnership that the studio enjoyed with them in the past and will continue to nurture and grow for years to come,” Wyck Godfrey, president of Paramount’s Motion Picture Group, said in a statement.

Also Read: 'Rugrats' Gets Nickelodeon Revival, Live-Action Film From Paramount Players

“We’ve had a lot of success at Paramount in the past. In fact, our very first deal was there many years ago. So, when Jim and Wyck took over and made it clear they were serious about making movies, all kinds of movies, we knew it was time to go back.,” McKay added.

“To say we are excited is an understatement. But I’m going to say it again. WE ARE EXCITED!!! EXCITEMENT!!! Can you feel it???” said Ferrell.

Deal terms give the studio right of refusal on projects for three years. The Sanchez creative team includes producer Kevin Messick (“Ibiza,” “Succession”), Chris Henchy (“The Other Guys,’ “Daddy’s Home”) and Robyn Wholey, with Owen Burke (“Drunk History”) and Betsy Koch in the TV department.

Deadline Hollywood first reported the deal.

10 Best Jabs at Bruce Willis in Comedy Central's Roast, From Demi Moore to Cybill Shepherd (Photos)

Whether it be jokes about his follically challenged head, his so-so music career or his aging-action-hero persona, Bruce Willis took it like a man when he became the latest target of a Comedy Central roast. His ex-wife picked on him, as did his former leading lady and even an NBA star. Here are the best jokes of the night... including a couple by the man of the hour himself.

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“Bruce Willis is what you get if you drain the white part of Dwayne Johnson.” -- "Looper" co-star and roast master Joseph Gordon-Levitt
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“I look at our marriage like 'The Sixth Sense.' You were dead the whole time.” -- ex-wife Demi Moore
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"Hollywood wouldn’t be Hollywood if they didn’t reward a man for aging into mediocrity." ... AND ... “On 'Moonlighting,' I played a former model, which I was, and Bruce played an asshole, which he is." -- "Moonlighting" co-star Cybill Shepherd
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“Bruce and I live in the same town of Bedford. He has a beautiful house and the interior design is amazing. He wanted everything inside to look mid-century modern, except his new wife.” -- Martha Stewart
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“This is a real personal moment for me, to be here roasting my dead cousin’s second-favorite action star. You had an amazing action film career until Jason Statham started balding.” -- Nikki Glaser
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"If you wanted to be humiliated, clearly we both know you could’ve just released another singing album.” -- Kevin Pollak
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“Comedy Central roasts only the best people. Bruce, Donald Trump, that guy from 'Baywatch.'” -- Dom Irrera
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“I can’t wait to see your next project, 'Die Hard 6: Natural Causes.'” -- Jeff Ross
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"You keep making these bomb movies. But guess what? So does Kim Jong Un. But at least Kim is smart enough not to release his." -- Dennis Rodman
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And, of course, Willis punched back: “Joseph played a younger me in 'Looper.' He couldn’t pull it off. There is one actor who successfully played me. It was Demi Moore.”
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“Cybill, it’s so great to be back on TV with you, honey, on another show starring me.” -- Bruce Willis

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“Die Hard” superstar took it like a man when he became the latest target of jokes

Whether it be jokes about his follically challenged head, his so-so music career or his aging-action-hero persona, Bruce Willis took it like a man when he became the latest target of a Comedy Central roast. His ex-wife picked on him, as did his former leading lady and even an NBA star. Here are the best jokes of the night... including a couple by the man of the hour himself.

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