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method114 said:

Usually game deals and tv deals are done separately I think. Paramount would have no reason to want the game rights to south park.

Paramount as it is now is different than a Paramount integrated within Sony Pictures. Letting Sony Interactive handle their gaming adaptations going forward is something I can see happening. 

Imagine Insomniac with a TMNT/Transformers game. Or how XDEV may leverage these IP's on a worldwide scale.