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Paramount looks to develop theme park in southeast Spain

MADRID (AP) — U.S. film company Paramount says it is teaming up with officials to develop a branded theme park in the Murcia region on Spain's Mediterranean coast.

Paramount Licensing, which issues permits for the use of Paramount's intellectual property rights, says the company will not invest money in the project but has agreed to provide its products and help with the design.

The company said in a statement Friday it was drawn to Murcia by the enthusiasm of local officials for the project and the growing number of international visitors to the area.

The statement gave no details of the project's estimated cost nor potential investors. Company officials were not immediately available for comment.

The Murcia regional government estimates the project could create some 20,000 jobs.