Some exciting news for fans of slasher films. It was announced earlier today by The Hollywood Reporter that Paramount Pictures had purchased the licensing to the Friday the 13th Franchise.

When Paramount and Warner Bros. teamed up on Christopher Nolan’s latest movie project, Interstellar, in January, some wondered how Warners made its way on board a project set up at a rival studio.

Now, months later, The Hollywood Reporter has learned more about the price that Warners had to pay in exchange for half the Nolan project. The cast of characters includes Friday the 13th villain Jason Voorhees as well as the foul-mouthed kids from South Park.

Warners, which released Nolan’s megagrossing Batman movies and maintains an overall deal with his Syncopy label, wanted in on Interstellar so badly it gave Paramount its rights to co-finance the next Friday the 13th horror film as well as its portion of a future South Park movie. Also part of the deal was an agreement to let Paramount co-finance a to-be-determined A-list Warners property.

The original Friday was made in 1980 by producer Sean Cunningham with investments from Boston theater owners. Paramount got domestic distribution rights; Warners had international. Eventually, the rights reverted back to Cunningham, who took them to New Line Cinema in the 1990s as part of an attempt to jumpstart a Freddy vs. Jason movie (with the villain from A Nightmare on Elm Street). That process took more than 10 years, and in the meantime, New Line made two other Friday the 13th movies.

When it came time for New Line, now part of Warner Bros., to develop a Friday remake/reboot, it was revealed that Paramount had certain rights to the original and had to be brought in as 50-50 partners. Michael Bay’s Platinum Dunes ended up producing 2009’s Friday the 13th, which grossed a respectable $91 million for Paramount and Warners on a budget of less than $20 million.

Efforts to launch a sequel to the rebooted Friday as well as a second South Park movie were complicated due to both studios having a share in them. So Warners decided to sacrifice Jason and Cartman for a deal on Nolan’s Interstellar, thus maintaining its relationship with the filmmaker and snagging a piece of what could be another Inception.

However, there is a catch: Sources say Paramount only enjoys the rights for both titles for the next five years and has that amount of time to make follow-up movies.

source: THR