New Paramount Park For Spain

[GADVwow]

Deal for Paramount Park in Spain Signed:

Paramount Pictures said Friday it has reached a deal to open its first theme park in Europe in Spain, the world's third most visited country, which will create thousands of jobs.

In a statement, Paramount Licensing said it "will not be an investor in the project but will licence intellectual property from its vast library of films and provide conceptual master planning and design for the project."

The park will be located in the southeastern region of Murcia on the Mediterranean coast at a yet-to-be disclosed date, it added....
Spanish media reported that Paramount's planned theme park will create some 20,000 jobs and will attract nearly three million tourists each year....

http://www.google.com/hostednews/afp/article/ALeqM5j8EPCv8RlMof-i_7LrwkgBwj01MA

[AV Matt]

I thought Paramount wanted OUT of the theme park business.

[GADVwow]

They are only licensing their intellectual property...no risk of loss here.

And CBS wanted out of the business...this is the Viacom side of the company.