Is this the Krusty Krab? No, this is the sound of a brand new "SpongeBob SquarePants" being announced. Paramount and Nickelodeon (like every other studio) are in the business of milking their popular franchises for all the nostalgia they're worth, and there is arguably no bigger Nickelodeon character than SpongeBob SquarePants.

Since the moment it premiered back in 1999, the animated comedy series created by Stephen Hillenburg has been the biggest show in the network's history. In fact, the character recently inspired a new character in the Marvel Cinematic Universe. Now, almost 30 years and 300 episodes later, there's as big a chance of "SpongeBob" going away and stopping as there is a chance the titular sponge stops working at the Krusty Krab.

There have been three "SpongeBob" movies, with the original "The SpongeBob SquarePants Movie" serving as a sort of series finale according to Hillenburg. Following his departure from the show, two new films were released,...