Paramount Licensing has entered agreements for the development of a Paramount-branded theme park and entertainment facility in Murcia, Spain. The company will not be an investor in the project, but will license intellectual property for its films and will provide conceptual master planning and design services for the project.
"We believe Murcia presents a strong opportunity to bring a Paramount movie park to Europe and we look forward to working together with the Murcia Regional Government and Santa Monica Financial Services to develop this exciting project," says Michael Corcoran, president of Paramount Licensing.
Michael Bartok, executive vice president of recreation, says: "The tourism infrastructure offered within the region of Murcia and the strong support for this project by the Murcia regional government provide ideal conditions to bring world-class entertainment to the people of Spain and its growing number of international visitors."
More details about the project will be announced in the coming months.