Sacha Baron Cohen's Grimsby, which was formerly set up at Paramount, has moved to Sony Pictures, with the studio setting a July 31, 2015 release date, where it will go up against Miss Peregrine's Home for Peculiar Children.

It isn't known why the project was moved from Paramount to Sony, especially since Sacha Baron Cohen just renewed his first-look deal at Paramount earlier today, with a three-year commitment that includes at least two movies. Grimsby centers on a British spy, whose brother (Sacha Baron Cohen) is an idiotic soccer hooligan.

Here's what Columbia Pictures president Doug Belgrad had to say about Sacha Baron Cohen.

"Sacha is a uniquely gifted performer with worldwide audience appeal and this concept suits his brilliant comic talents perfectly. Grimsby is an exciting addition to our 2015 summer slate."

Louis Leterrier is directing from a script co-written by Sacha Baron Cohen and Peter Baynham, who previously collaborated on the Oscar-nominated screenplay for Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan as well as 2012's The Dictator. Production is scheduled to begin this summer.

RELATED: Brothers Grimsby Red Band Trailer #2 Is Definitely NSFW

Sacha Baron Cohen most recently starred in Les Miserables, and he had a cameo appearance in Anchorman 2: The Legend Continues. He also signed on last month to play the unidentified villain in Disney's Alice in Wonderland 2.