What if Paramount Animation founded in 1921?

Paramount Animation is the animation division and label of Paramount Pictures, founded on July 6, 2011. But hey, at least this AU version can make you imagine if Paramount Animation is, right?

Changes

 * Paramount Animation would be the producers for Nickelodeon animated movies, beginning in 1998 with The Rugrats Movie.
 * Paramount Animation would be owning and making Frozen franchise rather than Disney.
 * Anna and Elsa would not be Disney Princesses, but would be Paramount Princess.