It's due to be the first of its kind in the UK and is set to feature more than 50 rides and attractions, as well as 2,000-seat theatre.
See also: Welcome to Margate's Dreamland
The Paramount theme park, in Dartford, Kent, will feature rides based around the films the company has produced.
Paramount is behind films such as Titanic, the Transformers series, Iron Man and Forrest Gump.
London Resort Company Holdings (LRCH), the group behind the theme park, has recently brought in a group of senior staff to push forward with the project.
They are confident plans will be approved when a development consent order (DCO) is submitted to the government in November, Gloucestershire Live reports.
The theme park will be the first of its kind in the UK, and is being created by film company Paramount
Where will the theme park be?
The huge theme park will be built in Dartford, Kent. It will be the first of its kind in the UK and is expected to open in 2022.
It's estimated that it could attract up to 40,000 visitors per day and will be inspired by Paramount films as well as productions from the BBC and Aardman Animations.
Will tickets be expensive?
A full price ticket for one day's entry is currently estimated to cost £57.
The resort will be divided up into different areas such as Adventure Isle and Land of Legends
What will be at the park?
The 872-acre theme park resort will include rides, rollercoasters, a theatre, retail and food outlets, hotels and a nightclub. They will no doubt be attractions based on Paramount's big releases, including the Transformers franchise.
What about parking and transport links ?
There'll be space for 14,000 cars and ticket packages that will combine travel and entry costs to promote the use of public transport.
The company is also working with railway operators to make sure there's sufficient capacity and is even considering having a boat from central London or Greenwich which will be part of the attraction.
When is building work expected to start?
If the government approves the plans, building work can start as soon as 2019 with the park scheduled to open in 2022 – two years later than their original estimate.
It's estimated that the park could attract up to 40,000 visitors per day - despite hefty £56 ticket
We hear there have been some hurdles so far - have they been overcome?
The project hit the headlines in February when chief executive David Testa resigned after Chinese investment firm SinoFortone raised doubts over their £100m pledge.
But Humphrey Percy, group CEO of the project's parent company Kuwaiti European Holdings, said Testa's departure was "coincidental" and he has simply resigned to "go off and do other things"
Mike Morrison has been hired as the new Chief Financial Officer and in the past has held senior positions at Morgan Stanley and WestLB AG.
He also has a wealth of experience in property, business management and accounting.
Provided the plans are approved by the Government, construction of the park should commence in 2019
Kevin Doyle is the man responsible for successfully submitting the DCO.
Mr Percy said Doyle has been part of delivering some of the largest entertainment projects across the globe, including EuroDisney and the Petronas Towers in Kuala Lumpur.