Paramount Considering a Legend of Korra Animated Movie
Variety magazine has recently shed some light on Paramount Pictures’ efforts to ramp up their animation division (probably as a result of losing distrib rights to DreamWorks Animation’s properties). In addition to upcoming projects from Mary Parent and JJ Abrams, the studio is also planning to enrich their pipeline with IPs from their sister company Nickelodeon. While Paramount did not elaborate on the IPs they are considering, Variety put forward a list that includes Dora the Explorer, Monkey Quest and The Legend of Korra.
Paramount’s Animation slate is currently running on empty, with The Spongebob Squarepants Movie 2 the only animated project they have until 2014. Their current plan is to fill in the gaps, especially with summer features slated for 2013.
The effort to expand their animated feature library is backed by Viacom president-CEO Philippe Dauman himself, under to condition that the budgets be limited to $100 million or less, which puts it in line with other Illumination entertainment projects such as Despicable Me ($69 million) and Ice Age ($90 million). It seems Paramount has already learned their lesson with Rango, which only saw a modest $245 million despite being made on a hefty $135 million budget.