×

Paramount Inks Deal for Theme Park in South Korea

Paramount Pictures has announced a deal to install a studio-branded theme park in an entertainment resort being developed in South Korea. The agreement was struck between Paramount and Mohegan Gaming & Entertainment, which owns the Inspire Integrated Entertainment Resort in the South Korean city of Incheon.

Mohegan has invested KRW 2.8 trillion ($2.4 billion) in the new entertainment resort, which will be built on nearly 1,100 acres of land at the Incheon airport’s International Business Complex. The resort will feature the Paramount theme park and its related entertainment and retail village, a five-star hotel, an arena for K-pop concerts and sports, conference and convention space, and a casino. The theme park would incorporate attractions based on Paramount properties, such as “Mission: Impossible.”

Kevin Suh, Paramount’s EVP of themed entertainment, said that the site would be “one of the first locations for a world-class Paramount-branded theme park” and that the studio expected Inspire to be “one of the world’s premier entertainment destinations.”

“We are pleased to have the major global force in entertainment, Paramount, on our impressive and growing list of strategic partners for Project Inspire,” said Mario Kontomerkos, CEO of Mohegan. “Aligning with highly sought-after and recognized brands with mutual goals is a key component to the creation of the world’s first true integrated entertainment resort.”

Incheon International Airport Corp. estimates that the Inspire resort will create more than 10,000 jobs. Construction is set to start next year, with an official opening targeted for June 2022.

In 2008, Paramount and South Korea’s Daewoo Motor Sales signed a contract to incorporate a Paramount-branded movie theme park in Songdo, near Incheon. But the plan ultimately fell apart because of Daewoo’s financial troubles.

More Film

  • Rita And Tom Hanks Coronavirus

    Tom Hanks and Rita Wilson Return to U.S. After Coronavirus Diagnosis in Australia

    Tom Hanks and Rita Wilson are back home in the U.S. after they revealed they had contracted coronavirus and were quarantined in Australia. Hanks gave an update on Twitter Saturday morning, thanking everyone who had helped them in Australia and assuring people that they are still isolating themselves in the U.S. “Hey, folks…We’re home now [...]

  • Film Comment Magazine Goes on Hiatus

    Film Comment Magazine to Go on Hiatus as Film at Lincoln Center Lays Off Half of Staff

    Many companies are being financially impacted by the coronavirus pandemic, and the Film at Lincoln Center is the latest organization to have to lay off employees and pause some of their operations. On Friday, executive director Lesli Klainberg released a memo announcing that the center had to furlough or lay off about half of its [...]

  • "Birds of Prey" egg sandwich

    'Birds of Prey' Actor Bruno Oliver Recreates Harley Quinn's Famous Sandwich

    When actor Bruno Oliver booked the role of short order cook Sal in “Birds of Prey: (And the Fantabulous Emancipation of One Harley Quinn),” he had no idea how significant Sal and his breakfast sandwich were to the story. “You couldn’t tell from the audition necessarily and as actors, we always worry about our scenes [...]

  • Minyan

    'Minyan': Film Review

    Best known for the unexpectedly soul-shattering San Francisco suicide doc “The Bridge,” indie filmmaker Eric Steel came out and came of age in 1980s New York at a moment just before AIDS devastated the city’s gay community. Such timing must have been surreal, to assume something so liberating about one’s own identity, only to watch [...]

  • Animated Movie 'The Queen's Corgi' Fetches

    Film New Roundup: Animated Movie 'The Queen's Corgi' Fetches North American Distribution

    In today’s film news roundup, “The Queen’s Corgi” finds a home, the Overlook Film Festival is postponed and the California Film Commission adjusts its tax credit rules due to the coronavirus. ACQUISITION Freestyle Digital Media has acquired North American rights to the animated family comedy feature “The Queen’s Corgi,” and plans to make it available on DVD and to [...]

  • APA Logo

    APA Sets Salary Cuts and Furloughs in Wake of Covid-19 Pandemic

    Following in the steps of several agencies dealing with the coronavirus, APA has informed all offices of upcoming salary cuts along with possible suspensions and furloughs for employees due to the pandemic’s economic effect on the industry. APA board of directors will make the largest financial sacrifice. The move has been made to avoid layoffs [...]

More From Our Brands

Access exclusive content