Nickelodeon Movies Upcoming Brand New "SpongeBob SquarePants" Movie Sequel To Be Animated Using CGI

According to Seeking Alpha, Thomas E. Dooley, who is the chief operating officer of Viacom, announced during Viacom's Fiscal Year Second Quarter 2012 Earnings Release Teleconference on Thursday 3rd May 2012 that Nickelodeon Movies and Paramount Pictures' upcoming brand new "SpongeBob SquarePants" movie, which is expected to be released in movie theater's in the USA in late (Fall (Autumn)/Winter) 2014, will be made using CGI-animation (animated using computer-generated imagery):

[...] Paramount is developing a Nickelodeon branded live-action movie based on the Teenage Mutant Ninja Turtles franchise, which is scheduled to hit theaters in December of 2013 in conjunction with the significant consumer product initiative. In addition, the studio is working on a CGI-animated SpongeBob movie [...]