Update: Deadline report that Our Name Is Adam — which is now said to follow “an astronaut who travels back in time and works with his younger self” — will have a home with Paramount and Skydance. The original story can be read below.

There’s some great intuition on my part. When, last night, I wrote about Tom Cruise‘s ever-so-recent attachment to a sci-fi project titled Our Name Is Adam, the presence of producer Mary Parent‘s Disruptor Entertainment led me — and, it should be admitted, several others — to think Paramount Pictures would end up distributing.

Lo and behold, Deadline now claim the studio is working to bring T.S. Nowlin‘s screenplay under their command, going so far as to “[do] everything they can to make the numbers work before their first look expires and others get a shot at it.” Taking that into account, expect this one to come together in the very near future.

And, though previously held close to the chest, Deadline claim Our Name Is Adam Adam happens to be — should this be true, the title makes a whole lot more sense — “a Back to the Future-style tale in which Cruise goes back in time and meets his former self.” That’s still not a huge amount to know, but, sure, I can go with that.

On the other hand, however, Paramount are about to pass on Draft Day, which Ivan Reitman had been expected to direct with Kevin Costner in the lead role. They claim timing is a key issue, as the latter has several things going on about town all while the former is gearing up to direct another Ghostbusters (which is now being called a reboot) next summer; if they can find the time, it may very well happen.

As for now, Draft Day will have to find another home — Alcon Entertainment are a possibility, given their success with another football film, The Blind Side — or maybe even some new people if a) schedules really prove to be enough of an issue and b) someone else really wants to make it. At least Ghostbusters: The New Slimers is getting some life…

With this buy and this drop, do Paramount appear to be making wise picks?