A Paramount-branded theme park and entertainment centre is to open in Murcia, Spain.

While Paramount will not be an investor in the project, it will licence its film IP and provide planning and design services.

"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," said Michael Corcoran, president of Paramount Licensing.

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