Garfield has a new owner: Nickelodeon

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Garfield has a new owner: Nickelodeon
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Garfield has a new owner. Viacom has big plans for the lasagna-loving cat, including new merchandise and an animated television show for Nickelodeon.

The media conglomerate announced Tuesday that it's buying Paws Inc., the company that owns the rights to Garfield. Viacom has big plans for the lasagna-loving cat, including new merchandise and an animated television show for its children's cable network Nickelodeon.

Garfield creator Jim Davis will continue to create the syndicated comic strip. Viacom's purchase also includes U.S. Acres, another comic strip created by Davis in the 1980s.Read MoreViacom's acquisition of Garfield shows that it is trying to bolster its lineup of family-friendly content as it faces stiff competition from the kids fare offered by Netflix and Amazon . Viacom's current portfolio of kids shows includes SpongeBob SquarePants, PAW Patrol, and Teenage Mutant Ninja Turtles.

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