Paramount Pictures recently severed its ties with DreamWorks Animation as the partnership comes to an end at the close of this year. The studio had previously distributed DreamWorks Animation’s films, but now its sights are set on its own animation output. Viacom president and CEO Philippe Dauman announced today (via THR) that a new SpongeBob SquarePants movie will kick off Paramount’s new animation effort with a release targeted for the end of 2014. The SpongeBob SquarePants Movie was released in 2004 to a mediocre response (it grossed $85.4 million domestically and $54.7 million worldwide), but Dauman said today that Nickelodeon “did not have as much of a presence around the world” back then, assuring investors that the outlook for their new SpongeBob movie has bright prospects. Hit the jump for more.