SANTA MONICA, Calif.--(BUSINESS WIRE)--May 30, 2018--
Paramount Players, a division of Viacom’s [NASDAQ: VIAB, VIA] Paramount
Pictures Corporation and JAKKS Pacific, Inc. [NASDAQ: JAKK] today
announced plans for the studio to acquire the feature film rights to
CREEPY CRAWLERS™, the iconic toy brand owned by JAKKS Pacific.
Neal H. Moritz will produce with Marc Gurvitz. Toby Ascher and Stephen
Berman will serve as executive producers.
Ali Bell and Royce Reeves-Darby will be overseeing for Paramount Players.
Production of the film is subject to the conclusion of definitive
production agreements among the parties.
“Creepy Crawlers has been an iconic brand since the 1960’s and we are
honored to work with Neal Moritz, Paramount Players, and the
Nickelodeon-Viacom Family in bringing it to life on the big screen,”
said Stephen Berman, Chairman & CEO, JAKKS Pacific. “We, and the studio,
envision the property to be developed into a family adventure film in
the vein of Jumanji.”
About Paramount Pictures Corporation
Paramount Pictures Corporation (PPC), a global producer and distributor
of filmed entertainment, is a unit of Viacom (NASDAQ: VIAB, VIA), a
leading content company with prominent and respected film, television
and digital entertainment brands. Paramount controls a collection of
some of the most powerful brands in filmed entertainment, including
Paramount Pictures, Paramount Animation, Paramount Television, Paramount
Players, MTV Films, and Nickelodeon Movies. PPC operations also include
Paramount Home Media Distribution, Paramount Pictures International,
Paramount Licensing Inc., and Paramount Studio Group.
About JAKKS Pacific, Inc.
JAKKS Pacific, Inc. (NASDAQ: JAKK) is a leading designer, manufacturer
and marketer of toys and consumer products sold throughout the world,
with its headquarters in Santa Monica, California. JAKKS Pacific’s
popular proprietary brands include BIG-FIGS™, XPV®, Max Tow™, Disguise®,
Moose Mountain®, Funnoodle®, Maui®, Kids Only!®; a wide range of
entertainment-inspired products featuring premier licensed properties;
and C’est Moi™, a youth skincare and make-up brand. Through JAKKS Cares,
the company’s commitment to philanthropy, JAKKS is helping to make a
positive impact on the lives of children. Visit us at www.jakks.com and
follow us on Instagram (@jakkstoys),
and Facebook (JAKKS
©2018 JAKKS Pacific, Inc. All rights reserved.
Forward Looking Statements
This press release may contain “forward-looking statements” (within the
meaning of the Private Securities Litigation Reform Act of 1995) that
are based on current expectations, estimates and projections about JAKKS
Pacific's business based partly on assumptions made by its management.
These statements are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may differ materially from what
is expressed or forecasted in such statements due to numerous factors,
including, but not limited to, those described above, changes in demand
for JAKKS' products, product mix, the timing of customer orders and
deliveries, the impact of competitive products and pricing, and
difficulties with integrating acquired businesses. The “forward-looking
statements” contained herein speak only as of the date on which they are
made, and JAKKS undertakes no obligation to update any of them to
reflect events or circumstances after the date of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180530005139/en/
Source: JAKKS Pacific, Inc.
Vice President, Communications
Sean McGowan, (949) 574-3860