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Paramount Pictures theme park considered by Sun Capital

Osaka-based development and fund management firm Sun Capital Management is exploring plans to develop a rival theme park in Osaka to Universal Studios Japan. the 20km site would include a five star hotel.

Osaka-based development and fund management firm Sun Capital Management is considering plans for a theme park in the western city of Japan based on Paramount Pictures films.

According to a report by Reuters, Sun Capital and its investment arm Osaka Investment Management are considering the development of a 20 kilometer complex that would involve retail and leisure facilities, including a five star hotel.

The development would be themed with Paramount films. Paramount, a unit of media conglomerate Viacom, was responsible for hit films such as Saving Private Ryan and Mission: Impossible.

No funds have been raised for the scheme, Reuters cited a Sun Capital spokesman as saying.

Should the development go ahead, it would provide a rival to the Japan’s Universal Studios which is also in the Osaka area. That theme park purchased by a consortium led by Goldman Sachs earlier this year.