Paramount Animation is the animation division and label of Paramount Pictures. The division was founded on July 6, 2011. Its first film, The SpongeBob Movie: Sponge Out of Water was released on February 6, 2015, and its most recent release, Wonder Park, was released on March 15, 2019. Their next release, The SpongeBob Movie: Sponge on the Run will be released on July 31, 2020.