Paramount Pictures has announced the launch of a new, in-house animation division, Paramount Animation. With budgets of up to $100 million dollars a film, the studio will target its first release for 2014.
From the press release:
Paramount Animation’s mandate will be the development of the broadest range of family CGI animated films, with a key piece being titles under the label of Viacom’s Nickelodeon, the number one entertainment brand for kids worldwide.
While Paramount has released an array of successful animated films in its history, the company’s first fully owned CGI animated property was “Rango”, released to great acclaim in March 2011. The Western, directed by Gore Verbinski and featuring the voice of Johnny Depp in the title role, has grossed over $240 million worldwide and is the best reviewed animated movie so far this year.