The family show will make its debut in December 2012. Saban is working with a team of producers to bring the project to life including Mike Reiss, the Emmy-winning producer of The Simpsons and writer of Ice Age: Dawn of the Dinosaurs and the upcoming Ice Age: Continental Drift.
Also on board is the Emmy-nominated producing team, Erik Wiese and Cynthia True. Wiese was a writer/director for SpongeBob SquarePants and they both served as co-creators and executive producers of Amy Poehler's The Mighty B on Nickelodeon.
The special will feature an animated Julius as he makes sure his friends have the best holiday ever.
Elie Dekel, president of Saban Brands, commented: "Paul Frank is one of our most unique and beloved properties that reaches children and adults of all ages who continue to share a passion for Julius and his loveable Friends.
"With this holiday special we aim to establish Paul Frank as an entertainment brand with a transmedia approach that will build, enhance and extend brand affinity across our key demos."
Paul Frank produced animated web shorts in 2000, but this is the first time the brand will be seen on TV. Saban Brands and Paul Frank will also be producing new flash-based shorts. Additionally, Saban plans to produce several perennial specials for 2013, including Easter and Halloween.
Ryan Heuser, chief creative officer, Paul Frank, explained: "What started humbly in my garage in the mid 90s is now in the hands of the entertainment industries finest.
"Its incredibly exciting for me to see our cast of characters brought to life for the world to enjoy."