Paramount has announced that it's setting up a separate division for direct to video sequels, prequels & remakes of it's popular titles which includes few from DreamWorks library as well.

Following the success of American Pie direct to video releases, the studio is considering playing around with Deep Impact & Collateral which were co productions with DreamWorks.

Other Paramount titles include Beverly Hills Cop, Crocodile Dundee, Clueless, Collateral, Coming to America, Days of Thunder, Event Horizon, Face/Off, Forrest Gump, Ghost, Grease, Indecent Proposal, Tomb Raider, Mean Girls, Mission: Impossible, School for Scoundrels, Star Trek, The Addams Family, The Brady Bunch Movie, The Italian Job, The Longest Yard, The School of Rock, and Top Gun.

Source: Paramount"