According to the New York Times, Paramount is launching its own in-house animation unit with plans to “release one animated feature a year starting in 2014.” Paramount currently distributes DreamWorks’ movies, including such blockbusters as Kung Fu Panda 2, but that deal, originally made for seven years, expires at the end of 2012. By establishing their own animation unit, Paramount may be signaling their intent not to continue working with DreamWorks long-term. According to an anonymous source, “Paramount is said to have told DreamWorks that it was not interested in working together beyond then unless DreamWorks agreed to pay a higher distribution fee” than the current 8% of box-office take. Plus, Paramount is part of Viacom, which also owns Nickelodeon, and there are hints that they will be creating films based on their brands, which include SpongeBob SquarePants and The Fairly OddParents.
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