Even if the film never gets made, it certainly won't be because of this deal, just as Tom Cruise's deal with Warner Bros. wouldn't prevent a possible Top Gun sequel.
That's not how these things work.
It's an overall deal, not exclusivity.
This doesn't affect Swamp Thing or his Star Wars movie whatsoever.
It's not exclusive. He's free to work on prior projects with other studios, if he has prior projects that didn't have a distributor he can go to Paramount with those, new projects he has (or his production company gets) will be...
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