Spongebob, “Jump Street” Sequels Coming

Paramount Pictures has announced plans to release a second “SpongeBob SquarePants” movie in late 2014, ten years after the first one says The Hollywood Reporter.

Viacom CEO Philippe Dauman made the announcement today confirming the project as the kickoff to their new animation unit which will produce one animated release a year. The announcement follows in the wake of the Oscar winning success of “Rango”, the studio’s first fully-owned CG animated effort.

An adaptation of Penny Arcade’s science fiction comic “New Kid” is also in the works at the studio with Gary Whitta penning the script.

Meanwhile actor/writer Jonah Hill revealed to E! Online at the Oscars this past weekend that Sony Pictures has given him the go ahead to start writing a follow-up to the about to be released “21 Jump Street” movie.

“We are writing the sequel now… We got [the greenlight] by the studio to start writing the sequel” he tells the network.