Brad Pitt & 'Plan B' Co-Founder Brad Grey Part Ways

Brad Pitt and Paramount CEO Brad Grey will be ending their longstanding business relationship at the end of the year, according to The Hollywood Reporter.

The 49-year-old actor joined forces with Mr. Grey back in 2002 when they formed the production company Plan B, along with his then wife Jennifer Aniston. The company will reportedly head to New Regency after exiting Paramount when its deal ends in 2013.

Tensions were formed between Plan B and Paramount during the troubled production of Brad‘s movie World War Z and there was reportedly a dispute between the two companies when Plan B didn’t offer Paramount an opportunity to finance and distribute 12 Years a Slave.

No word yet on how this will affect the upcoming sequel to World War Z, which just found its director in The Impossible‘s Juan Antonio Bayona. While we don’t know yet if Brad will star in the movie, he is set to be a producer.

Pictured inside: Pitt and Grey together over the years at various events.