A short time after, the film was delayed to early 2015. It was also announced that The SpongeBob Movie: Sponge Out of Water, a standalone sequel to 2004's The SpongeBob SquarePants Movie, would be the studio's first film and would be released in 2014.
In February 2012, Stainton resigned for personal reasons, with Paramount Film Group's president, Adam Goodman, stepping in to directly oversee the studio. In October 2011, Paramount named a former president of Walt Disney Feature Animation, David Stainton, president of Paramount Animation. A key portion of the films would be co-produced with Nickelodeon and they would be cross-promoted at Nickelodeon's theme parks and hotels. The studio would initially produce one animated film a year with a maximum budget of $100 million. In July 2011, in the wake of Rango's success, the high hopes for The Adventures of Tintin, and the departure of DreamWorks Animation upon completion of their distribution contract with Madagascar 3: Europe's Most Wanted and Rise of the Guardians in 2012, Paramount announced the formation of a new animation division. In June of that year, the studio acquired the rights to produce an animated film based on Penny Arcade's 2010 webcomic The New Kid. The success of Rango helped Paramount discover its potential in making successful animated features on its own. The film was critically acclaimed and grossed over $245 million at the box office. On March 4, 2011, the studio released its first in-house animated film, Rango. During this deal, the studio released Barnyard in 2006 and Beowulf in 2007. The following year, Paramount signed a distribution deal with DreamWorks Animation, starting with Over the Hedge and ending with Rise of the Guardians.
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In 2005, Paramount's new CEO Brad Grey considered building an in-house animation division, because he saw family films as the "sweet spot" of the movie business. The studio also released features based on MTV's Beavis and Butt-Head and Comedy Central's South Park.
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Its highest-grossing film to date is The SpongeBob Movie: Sponge Out of Water, which grossed $325.1 million.Īfter the closure of Paramount Cartoon Studios (formerly named Famous Studios) in December 1967, Paramount distributed a few animated films from 1973 to 1992 that were produced by outside studios, including Charlotte's Web, Race for Your Life, Charlie Brown, Bon Voyage, Charlie Brown (and Don't Come Back!!), and Bébé's Kids.įollowing Paramount's merger with Viacom, the studio started releasing several animated films based on Nickelodeon's TV shows, including the Rugrats film trilogy, The SpongeBob SquarePants Movie, and Jimmy Neutron: Boy Genius. įilms produced by Paramount Animation have grossed a total of $604.1 million at the box office. The studio's first film The SpongeBob Movie: Sponge Out of Water was released on February 6, 2015, and its latest release was Rumble on December 15, 2021, with their next release being The Tiger's Apprentice on January 19, 2024.
The division was founded on July 6, 2011, following the box office success of Paramount's own Rango and the end of their distribution deal with DreamWorks Animation in 2012. Paramount Animation is an American animation studio, serving as the animation division and label of Paramount Pictures, a subsidiary of Paramount Global.
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