Paramount Pictures

Paramount Pictures is an American film production and distribution studioand the main namesake division of Paramount Global. It is the fifth oldest film studio in the world, the second oldest film studio in the United States (behind Universal Pictures), and the sole member of the "Big Five" film studios still located in the city limits of Los Angeles.

In 1916, film producer Adolph Zukor put 24 actors and actresses under contract and honored each with a star on the logo. In 1967, the number of stars was reduced to 22 and their hidden meaning was dropped. In 2014, Paramount Pictures became the first major Hollywood studio to distribute all of its films in digital form only. The company's headquarters and studios are located at 5555 Melrose Avenue, Hollywood, California.

Paramount Pictures is a member of the Motion Picture Association (MPA).

Famous Players Film Company
Paramount is the fifth oldest surviving film studio in the world; after the French studios Gaumont Film Company (1895) and Pathé (1896), Titanus (1904), followed by the Nordisk Film company (1906), and Universal Studios (1912). It is the last major film studio still headquartered in the Hollywood district of Los Angeles.

Paramount Pictures dates its existence from the 1912 founding date of the Famous Players Film Company. Hungarian-born founder Adolph Zukor, who had been an early investor in nickelodeons, saw that movies appealed mainly to working-class immigrants. With partners Daniel Frohman and Charles Frohman he planned to offer feature-length films that would appeal to the middle class by featuring the leading theatrical players of the time (leading to the slogan "Famous Players in Famous Plays"). By mid-1913, Famous Players had completed five films, and Zukor was on his way to success. Its first film was Les Amours de la reine Élisabeth, which starred Sarah Bernhardt.

That same year, another aspiring producer, Jesse L. Lasky, opened his Lasky Feature Play Company with money borrowed from his brother-in-law, Samuel Goldfish, later known as Samuel Goldwyn. The Lasky company hired as their first employee a stage director with virtually no film experience, Cecil B. DeMille, who would find a suitable site in Hollywood. This place was a rented old horse barn converted into a production facility with an enlarged open-air stage located between Vine Street, Selma Avenue, Argyle Avenue and Sunset Boulevard. It was later known as the Lasky-DeMille Barn. In 1914, their first feature film, The Squaw Man was released.On May 8, 1914, Paramount Pictures Corporation (previously known as Progressive Pictures) was founded by a Utah theatre owner, W. W. Hodkinson, who had bought and merged five smaller firms. On May 15, 1914, Hodkinson signed a five-year contract with the Famous Players Film Company, the Lasky Company and Bosworth, Inc. to distribute their films. Actor, director and producer Hobart Bosworth had started production of a series of Jack London movies. Paramount was the first successful nationwide distributor; until this time, films were sold on a statewide or regional basis which had proved costly to film producers. Also, Famous Players and Lasky were privately owned while Paramount was a corporation.

Famous Players-Lasky
In 1916, Zukor engineered a three-way merger of his Famous Players, the Lasky Company, and Paramount. Zukor and Lasky bought Hodkinson out of Paramount, and merged the three companies into one. The new company Lasky and Zukor founded on June 28, Famous Players-Lasky Corporation, although it continued to use the name "Paramount" as well. As a result, it became he largest film company at the time with a value of $12.5 million. The corporation was able to grow quickly, with Lasky and his partners Goldwyn and DeMille running the production side, Hiram Abrams in charge of distribution, and Zukor making great plans. With only the exhibitor-owned First National as a rival, Famous Players-Lasky and its "Paramount Pictures" soon dominated the business. The fusion was finalized on November 7, 1916.Because Zukor believed in stars, he signed and developed many of the leading early stars, including Mary Pickford, Marguerite Clark, Pauline Frederick, Douglas Fairbanks, Gloria Swanson, Rudolph Valentino, and Wallace Reid. With so many important players, Paramount was able to introduce "block booking", which meant that an exhibitor who wanted a particular star's films had to buy a year's worth of other Paramount productions. It was this system that gave Paramount a leading position in the 1920s and 1930s, but which led the government to pursue it on antitrust grounds for more than twenty years.

By the mid-1920s, the old Lasky-DeMille barn property was not big enough to handle all of the studios' West Coast productions. In January 5, 1926 Lasky reached an agreement to buy the Robert Brunton Studios, a 26-acre facility owned by United Pictures and located at 5451 Marathon Street, for US$1 million. On March 29, the company began an eight-month building program to renovate the existing facilities and erect new ones. On May 8, Lasky finally moved operations from the Sunset and Vine lot to the new building. At present, those facilities are still part of the Paramount Pictures headquarters. Zukor hired independent producer B. P. Schulberg, an unerring eye for new talent, to run the new West Coast operations.

On April 1, 1927, the company name was changed to Paramount Famous Lasky Corporation. In September 1927, the Paramount Famous Lasky Corporation studio in Astoria (New York City) was temporarily closed with the objective of equipping it with the technology for the production of sound films. In the same year, Paramount began releasing Inkwell Imps, animated cartoons produced by Max and Dave Fleischer's Fleischer Studios in New York City. The Fleischers, veterans in the animation industry, were among the few animation producers capable of challenging the prominence of Walt Disney. The Paramount newsreel series Paramount News ran from 1927 to 1957. Paramount was also one of the first Hollywood studios to release what were known at that time as "talkies", and in 1929, released their first musical, Innocents of Paris. Richard A. Whiting and Leo Robin composed the score for the film; Maurice Chevalier starred and sang the most famous song from the film, "Louise".

Publix, Balaban and Katz, Loew's competition and wonder theaters
The driving force behind Paramount's rise was Zukor. He built a chain of nearly 2,000 screens, ran two production studios (in Astoria, New York, now the Kaufman Astoria Studios, and Hollywood, California), and became an early investor in radio, acquiring for the corporation a 50% interest in the new Columbia Broadcasting System in 1928 (selling it within a few years; this would not be the last time Paramount and CBS crossed paths).

By acquiring the successful Balaban & Katz chain in 1926, Zukor gained the services of Barney Balaban (who would eventually become Paramount's president in 1936), his brother A. J. Balaban (who would eventually supervise all stage production nationwide and produce talkie shorts), and their partner Sam Katz (who would run the Paramount-Publix theatre chain in New York City from the thirty-five-story Paramount Theatre Building on Times Square).

Balaban and Katz had developed the Wonder Theater concept, first publicized around 1918 in Chicago. The Chicago Theater was created as a very ornate theater and advertised as a "wonder theater". When Publix acquired Balaban, they embarked on a project to expand the wonder theaters, and starting building in New York City in 1927. While Balaban and Public were dominant in Chicago, Loew's was the big player in New York City, and did not want the Publix theaters to overshadow theirs. The two companies brokered a non-competition deal for New York City and Chicago, and Loew's took over the New York City area projects, developing five wonder theaters. Publix continued Balaban's wonder theater development in its home area.

On April 24, 1930, Paramount-Famous Lasky Corporation became the Paramount Publix Corporation.

1920s and 1931–40: Receivership and reorganization
Eventually, Zukor shed most of his early partners; the Frohman brothers, Hodkinson and Goldwyn were out by 1917 while Lasky hung on until 1932, when, blamed for the near-collapse of Paramount in the Great Depression years, he too was tossed out. In 1931, to solve the financial problems of the company Zukor hired John D. Hertz as chairman of the finance committee in order to assist vice-president and treasurer Ralph A. Kohn. However, on January 6, 1933 Hertz resigned from his position when it become evident that his measures to lift the company had failed. The over-expansion and use of overvalued Paramount stock for purchases created a $21 million debt which led the company into receivership on January 26, 1933 and later filing bankruptcy on March 14, 1933. On April 17, 1933, bankruptcy trustees were appointed and Zukor lost control of the company. The company was under the control of trustees for more than a year in order to restructure the debt and pursue a reorganization plan. On December 3, 1934, the reorganization plan was formally proposed. After prolonged hearings in court, final confirmation was obtained on April 25, 1935, when Federal Judge Alfred C. Coxe Jr. approved the reorganization of the Paramount-Publix Corporation under Section 77-B of the Bankruptcy Act.

On June 4, 1935 John E. Otterson became president of the re-emerged and newly renamed Paramount Pictures Inc. Zukor returned and was named production chief but after Barney Balaban was appointed president on July 2, 1936, he was soon replaced by Y. Frank Freeman and symbolically named chairman of the board. On August 28, 1935, Paramount Pictures was re-listed on the New York Stock Exchange and when Balaban leaded the company, he was able to successfully relaunch the studio.As always, Paramount films continued to emphasize stars; in the 1920s there were Gloria Swanson, Wallace Reid, Rudolph Valentino, Florence Vidor, Thomas Meighan, Pola Negri, Bebe Daniels, Antonio Moreno, Richard Dix, Esther Ralston, Emil Jannings, George Bancroft, Betty Compson, Clara Bow, Adolphe Menjou, and Charles Buddy Rogers. By the late 1920s and the early 1930s, talkies brought in a range of powerful draws: Richard Arlen, Nancy Carroll, Maurice Chevalier, Gary Cooper, Marlene Dietrich, Charles Ruggles, Ruth Chatterton, William Powell, Mae West, Sylvia Sidney, Bing Crosby, Claudette Colbert, the Marx Brothers, W.C. Fields, Fredric March, Jack Oakie, Jeanette MacDonald (whose first two films were shot at Paramount's Astoria, New York, studio), Carole Lombard, George Raft, Miriam Hopkins, Cary Grant and Stuart Erwin, among them. In this period Paramount can truly be described as a movie factory, turning out sixty to seventy pictures a year. Such were the benefits of having a huge theater chain to fill, and of block booking to persuade other chains to go along. In 1933, Mae West would also add greatly to Paramount's success with her suggestive movies She Done Him Wrong and I'm No Angel. However, the sex appeal West gave in these movies would also lead to the enforcement of the Production Code, as the newly formed organization the Catholic Legion of Decency threatened a boycott if it was not enforced. Paramount cartoons produced by Fleischer Studios continued to be successful, with characters such as Betty Boop and Popeye the Sailor becoming widely successful. One Fleischer series, Screen Songs, featured live-action music stars under contract to Paramount hosting sing-alongs of popular songs. The animation studio would rebound with Popeye, and in 1935, polls showed that Popeye was even more popular than Mickey Mouse. After an unsuccessful expansion into feature films, as well as the fact that Max and Dave Fleischer were no longer speaking to one another, Fleischer Studios was acquired by Paramount, which renamed the operation Famous Studios. That incarnation of the animation studio continued cartoon production until 1967, but has been historically dismissed as having largely failed to maintain the artistic acclaim the Fleischer brothers achieved under their management.

1941-50: United States v. Paramount Pictures, Inc.
In 1940, Paramount agreed to a government-instituted consent decree: block booking and "pre-selling" (the practice of collecting up-front money for films not yet in production) would end. Immediately, Paramount cut back on production, from 71 films to a more modest 19 annually in the war years. Still, with more new stars like Bob Hope, Alan Ladd, Veronica Lake, Paulette Goddard, and Betty Hutton, and with war-time attendance at astronomical numbers, Paramount and the other integrated studio-theatre combines made more money than ever. At this, the Federal Trade Commission and the Justice Department decided to reopen their case against the five integrated studios. Paramount also had a monopoly over Detroit movie theaters through subsidiary company United Detroit Theaters. This led to the Supreme Court decision United States v. Paramount Pictures, Inc. (1948) holding that movie studios could not also own movie theater chains. This decision broke up Adolph Zukor's creation, with the theater chain being split into a new company, United Paramount Theaters, and effectively brought an end to the classic Hollywood studio system.

DreamWorks Pictures
In 2006, Paramount became the parent of DreamWorks Pictures. Soros Strategic Partners and Dune Entertainment II soon afterwards acquired controlling interest in live-action films released through DreamWorks, with the release of Just Like Heaven on September 16, 2005. The remaining live-action films released until March 2006 remained under direct Paramount control. However, Paramount still owns distribution and other ancillary rights to Soros and Dune films.

On February 8, 2010, Viacom repurchased Soros' controlling stake in DreamWorks' library of films released before 2005 for around $400 million. Even as DreamWorks switched distribution of live-action films not part of existing franchises to Walt Disney Studios Motion Pictures and later Universal Studios, Paramount continues to own the films released before the merger, and the films that Paramount themselves distributed, including sequel rights such as that of Little Fockers (2011), distributed by Paramount and DreamWorks. It was a sequel to two existing DreamWorks films, Meet the Parents (2000) and Meet the Fockers (2004). Paramount only owned the international distribution rights to Little Fockers, whereas Universal Studios handled domestic distribution).

Paramount owned distribution rights to the DreamWorks Animation library of films made before 2013, and their previous distribution deal with future DWA titles expired at the end of 2012, with Rise of the Guardians. 20th Century Fox took over distribution on post-2012 titles beginning with The Croods (2013) and ended with Captain Underpants: The First Epic Movie (2017) with Universal Pictures taking over distribution for DreamWorks Animation with NBCUniversal's acquisition of DreamWorks Animation in 2016, starting in 2019 with the release of How to Train Your Dragon: The Hidden World, though Paramount's rights to pre-2013 DreamWorks Animation films would've expired 16 years after each film's initial theatrical release date. However, in July 2014, DreamWorks Animation purchased Paramount's distribution rights to the pre-2013 library, with 20th Century Fox distributing the library until January 2018, which Universal then assumed ownership of distribution rights.

Another asset of the former DreamWorks owned by Paramount, is the pre-2008 DreamWorks Television library, distributed through Paramount Worldwide Television Licensing & Distribution, the library includes Spin City, High Incident, Freaks and Geeks, Undeclared and On the Lot, the DreamWorks Television library was distributed by the old Paramount Television years before.

CBS library
Independent company Hollywood Classics now represents Paramount with the theatrical distribution of all the films produced by the various motion picture divisions of CBS over the years, as a result of the Viacom/CBS merger.

Paramount (via CBS Home Entertainment) has outright video distribution to the aforementioned CBS library with few exceptions-for example, the original Twilight Zone DVDs are handled by Image Entertainment. Until 2009, the video rights to My Fair Lady were with original theatrical distributor Warner Bros., under license from CBS (the video license to that film has now reverted to CBS Home Entertainment under Paramount).

The CBS-produced/owned films, unlike other films in Paramount's library, are still distributed by CBS Television Distribution on TV, and not by Trifecta Entertainment & Media, because CBS (or a subdivision) is the copyright holder for these films.

Divisions

 * Paramount Pictures
 * Paramount Licensing, Inc.
 * Paramount Digital Entertainment
 * Paramount Pictures International
 * Paramount Studio Group – physical studio and post production
 * The Studios at Paramount – production facilities & lot
 * Paramount on Location – production support facilities throughout North America including New York, Vancouver, and Atlanta
 * Worldwide Technical Operations – archives, restoration and preservation programs, the mastering and distribution fulfillment services, on-lot post production facilities management
 * Paramount Parks & Resorts, licensing and design for parks and resorts
 * Paramount Animation (2011–present)
 * Paramount Players (June 2017–) (Paramount Television branded labels):
 * MTV Films
 * Nickelodeon Movies
 * Comedy Central Films
 * BET Films
 * Paramount Music

Joint ventures

 * United International Pictures (co-owned with Comcast's Universal Pictures)
 * Miramax (co-owned with beIN Media Group)
 * Miramax Television
 * Miramax Family
 * Miramax Animation
 * Rede Telecine

Former divisions, subsidiaries, and joint ventures

 * Paramount Television (original) (now CBS Television Studios)
 * Big Ticket Television (semi-in-name-only since 2006; currently produces Judge Judy and Hot Bench)
 * Spelling Television (in-name-only since 2006)
 * Viacom Productions (folded into PNT in 2004)
 * Wilshire Court Productions (shut down in 2003)
 * Paramount Domestic Television (now CBS Television Distribution)
 * Folded Viacom Enterprises in 1995 and Rysher Entertainment and Worldvision Enterprises in 1999
 * RTV News, Inc., producer of Real TV and Maximum Exposure
 * United Paramount Network (UPN) – formerly a joint venture with United Television, now part of the CBS/Time Warner joint venture The CW Television Network
 * Paramount Stations Group (now CBS Television Stations)
 * USA Networks (also including the Sci-Fi Channel) – Paramount owned a stake starting in 1982, 50% owner (with Universal Studios) from 1987 until 1997, when Paramount/Viacom sold their stake to Universal (now part of NBCUniversal)
 * Paramount International Television (now CBS Studios International)
 * Paramount Famous Productions – direct-to-video division
 * Paramount Parks (Purchased by Cedar Fair Entertainment Company in 2006)
 * Paramount Classics/Paramount Vantage
 * DW Studios, LLC (also DW Pictures) – defunct, holding film library and rights, principal officers left to recreate DreamWorks as an independent company
 * DW Funding LLC – DreamWorks live-action library (pre-09/16/2005; DW Funding, LLC) sold to Soros Strategic Partners and Dune Entertainment II and purchased back in 2010
 * Paramount Theatres Limited - Founded 1930 in the United Kingdom with the opening of a cinema in Manchester. Several Paramount Theatres had opened or had been acquired in the United Kingdom during the 1930s before being sold to the Rank Organisation's, Odeon Cinemas chain in 1939.
 * Epix – 49.76% owner (with Metro-Goldwyn-Mayer and Lionsgate) from 2009 until 2017, when Paramount/Viacom and Lionsgate sold their stake to MGM
 * Insurge Pictures – micro-budget film division (March 2010 – 2015)
 * Republic Pictures

Other interests
In March 2012, Paramount licensed their name and logo to a luxury hotel investment group which subsequently named the company Paramount Hotels and Resorts. The investors plan to build 50 hotels throughout the world based on the themes of Hollywood and the California lifestyle. Among the features are private screening rooms and the Paramount library available in the hotel rooms. On April 2013, Paramount Hotels and Dubai-based DAMAC Properties announced the building of the first resort: "DAMAC Towers by Paramount."

Film library
A few years after the ruling of the United States v. Paramount Pictures, Inc. case in 1948, Music Corporation of America (MCA) approached Paramount offering $50 million for 750 sound feature films released prior to December 1, 1949 with payment to be spread over a period of several years. Paramount saw this as a bargain since the fleeting movie studio saw very little value in its library of old films at the time. To address any anti-trust concerns, MCA set up EMKA, Ltd. as a dummy corporation to sell these films to television. EMKA's/Universal Television’s library includes the five Paramount Marx Brothers films, most of the Bob Hope–Bing Crosby Road to... pictures, and other classics such as Trouble in Paradise, Shanghai Express, She Done Him Wrong, Sullivan's Travels, The Palm Beach Story, For Whom the Bell Tolls, Double Imdemnity, The Lost Weekend, and The Heiress.

The studio has produced many critically acclaimed films such as Titanic, Footloose, Breakfast at Tiffany's, Braveheart, Ghost, The Truman Show, Mean Girls, Psycho, Rocketman, The Curious Case of Benjamin Button, Days of Thunder, Rosemary's Baby, Nebraska, Sunset Boulevard, Forrest Gump, Super 8, Coming to America, World War Z, Babel, The Conversation, The Fighter, Interstellar, Team America, Terms of Endearment, and A Quiet Place; as well as commercially successful franchises and/or properties such as: the Godfather films, Star Trek, Mission: Impossible, SpongeBob SquarePants, the Grease films, the Top Gun films, The Italian Job, the Transformers films, the Teenage Mutant Ninja Turtles films, the Tomb Raider films, the Friday the 13th films, the Cloverfield films, the G.I. Joe films, the Beverly Hills Cop films, the Terminator films, the Pet Sematary films, the Without a Paddle films, Jackass, the Odd Couple films, South Park, the Crocodile Dundee films, the Charolette's Web films, the Wayne's World films, Beavis & Butthead, Jimmy Neutron, the War of the Worlds films, the Naked Gun films, the Anchorman films, Dora the Explorer, the Addams Family films, Rugrats, the Zoolander films, Æon Flux, the Ring films, the Bad News Bears films, The Wild Thornberrys, and the Paranormal Activity films; as well as the first four films of the Marvel Cinematic Universe, the Indiana Jones films, and various DreamWorks Animation properties (such as Shrek, the Madagascar sequels, the first two Kung Fu Panda films, and the first How to Train Your Dragon) before both studios were respectively acquired by Disney (via Marvel Studios and Lucasfilm) and Universal Studios.

Controversy
On July 31, 2018, Paramount was targeted by the National Hispanic Media Coalition and the National Latino Media Council, which have both claimed that the studio has the worst track record of hiring Latino and Hispanic talent both in front of and behind the camera (the last Paramount film directed by a Spanish director was Rings in 2017). In response to the controversy, Paramount released the statement: "We recently met with NHMC in a good faith effort to see how we could partner as we further drive Paramount's culture of diversity, inclusion, and belonging. Under our new leadership team, we continue to make progress — including ensuring representation in front of and behind the camera in upcoming films such as Dora the Explorer, Instant Family, Bumblebee, and Limited Partners – and welcome the opportunity to build and strengthen relationships with the Latino creative community further."

The NHMC protested at the Paramount Pictures lot on August 25. More than 60 protesters attended, while chanting "Latinos excluded, time to be included!". NHMC president and CEO Alex Nogales vowed to continue the boycott until the studio signed a memorandum of understanding.

On October 17, the NHMC protested at the Paramount film lot for the second time in two months, with 75 protesters attending. The leaders delivered a petition signed by 12,307 people and addressed it to Jim Gianopulos.