Nickelodeon has announced the launch of new division dedicated to creating new series and movies based in the world of Avatar: The Last Airbender and The Legend of Korra. The division will be called Avatar Studios and will be led by original creators and executive producers Michael DiMartino and Bryan Konietzko. Avatar Studios work will debut on Paramount+, Nickelodeon platforms, and unspecified third-party platforms, as well as in cinemas.The first project for Avatar Studios is set to be animated theatrical film. No further details were revealed but the project is scheduled to begin production this year.Its hard to believe its been 19 years since we created Avatar: The Last Airbender, said Konietzko and DiMartino in a joint statement released alongside the announcement. But even after all that time, there are still many stories and time periods in Aangs world that we are eager to bring to life. We are fortunate to have an ever-growing community of passionate fans that enjoys exploring the Avatarverse as much as we do.Were excited to be back at Nickelodeon where Avatar began, doing what we do best in the biggest way possible. We cant wait to build the great teams and productions to make all of this fantasy a reality.Avatar: The Last Airbender originally aired on Nickelodeon for three seasons from 2005 to 2008. The Legend of Korra, set 70 years later in the world of Avatar: The Last Airbender, launched in 2012 and ran for four seasons.Luke is Games Editor at IGN's Sydney office. You can find him on Twitter sporadically @MrLukeReilly.