Paramount Animation and Nickelodeon Consolidation

Because Warner Bros. Animation and Cartoon Network Studios merged their development and production teams as part of a further restructuring by Warner Bros. Discovery on October 11, 2022, It will be what Paramount Global will deal with.

On July 24, 2024, the Nickelodeon Animation Studio will merge it's development and production teams with Paramount Animation. However, the two studios will remain separate labels with their own distinct output. The merger will not impact their output as labels, as Nickelodeon will continue to focus on television shows, Paramount Animation will be used for theatrical feature films and it's new division, ParaToon Studios, will handle all television shows based on films and direct-to-streaming films.

The production team behind a few cancelled and short-lived shows including Welcome to the Wayne and Glitch Techs will form their own animation studio rather than continuing with Nickelodeon.

Following the death of Angela Lansbury on October 11, 2022, Paramount Global will sell the rights to the Big Nate franchise and library to Amazon to put it under Metro-Goldwyn-Mayer on August 5, 2026, which will produce new Big Nate media. Without Nate Wright's continuous help from Nickelodeon, Paramount can own the rights to The Weinstein Company's film library as well as GoodTimes' library.

Nickelodeon will develop a new series based on Primrose from Jetlag's version of Sleeping Beauty (1995) as a replacement for Big Nate (which MGM will hold as a good thing since they lost their animation studio in 2002 when Paul Sabella and Jonathan Dern left to form their own studio Sabella Dern Entertainment).

Because Paramount Animation did not have an in-house department, Nickelodeon will animate films from said brand. As Verizon will acquire Paramount Global and merge it into Verizon Entertainment, The studio will invent 4D Animation to hurl on the animation types of Traditional and CGI. The first ever 4D Animated film will be an adaptation of William Shakesphere's final tale The Winter's Tale, which Paramount Animation will produce.

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