Film production group Paramount Pictures is understood to be mulling the development of what would become Spain’s largest theme park in the south eastern region of Murcia.
 
According to press reports emerging from the country, the park, which would incorporate a film studio designed to centralise all of Paramount’s production in Europe, would be positioned in direct competition with Disneyland Paris – although with much better weather.
The move comes as something as a surprise, as the filmmaker’s park division previously operated the struggling Terra Mitica in Benidorm. It has been noted, however, that Paramount would enjoy full control of any possible future project, unlike the restraints the group had to contend with in its previous venture.
Spanish minister of culture, Pedro Alberto Cruz, said he had received a letter from Paramount’s licensing division expressing their interest in launching the project. According to Cruz, the 2.5sq.km complex would create 20,000 jobs, increase the number of tourists to the area by three million and require 15,000 hotel rooms.
In Japan, meanwhile, Sun Capital Management Corporation recently announced it was looking to secure JPY145bn ($1.5bn) for its bid to open a Paramount Pictures entertainment complex in Osaka, Japan, as early as 2014.