G.I. Joe: Valor vs. Venom is a direct-to-video CGI animated movie and sequel to "". It was released in 2004 by Reel FX Creative Studios and distributed by Paramount Home Entertainment. Like "Spy Troops", the film was written around the theme of the toys released that year. In this case, it was Valor vs. Venom which introduced a new villain group, Cobra's V-Troops.

Can we draw the following conclusion?
G.I. Joe: Valor vs. Venom was the first CGI movie distributed by Paramount Home Entertainment.
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