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Paramount Pictures is a member of the Motion Picture Association (MPA), [5] and is currently one of five live-action film studios of Paramount Motion Picture Group, alongside a 49% stake in Miramax, a 50% stake in United International Pictures, Paramount Players, and a revival of Republic Pictures.
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Most notable among the acquisitions were film studio Paramount Pictures in 1966, [1] television studio Desilu Productions in 1967, arcade and later videogame manufacturer Sega in 1969, book publisher Simon & Schuster in 1975, and a number of music labels including Dot Records (a subsidiary of Paramount at the time of purchase).
Paramount Pictures, CBS, and Viacom each had a history of being associated with one another through a series of various corporate mergers and splits. [10] Paramount Pictures was founded in 1912 as the Famous Players Film Company. [11] CBS was founded in 1927, which Paramount Pictures held a 49 percent ownership stake in from 1929 to 1932.
The current "Big Five" majors (Universal, Paramount, Warner Bros., Disney, and Sony) all originate from film studios that were active during Hollywood's "Golden Age". Four of these were among that original era's "Eight Majors," being that era's original "Big Five" plus its "Little Three," collectively the eight film studios that controlled as much as 96% of the market during the 1930s and 1940s.
Paramount Digital Entertainment, Inc. (formerly known as Paramount Interactive) is a subsidiary of Paramount Pictures that developed and distributed movies and video games digitally via various platforms including online, mobile, virtual reality and portable devices.
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