27 Facts About Paramount Pictures

1. In 2014, Paramount Pictures became the first major Hollywood studio to distribute all of its films in digital form only.

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2. Paramount Pictures is a member of the Motion Picture Association.

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3. Paramount Pictures 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.

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4. In 1940, Paramount Pictures agreed to a government-instituted consent decree: block booking and "pre-selling" would end.

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5. In 1938, Paramount Pictures bought a stake in television manufacturer DuMont Laboratories.

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6. Since DuMont owned three television stations and Paramount Pictures owned two, the federal agency ruled neither network could acquire additional television stations.

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7. In 1951, Paramount Pictures bought a stake in International Telemeter, an experimental pay TV service which operated with a coin inserted into a box.

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8. Such aged leadership was incapable of keeping up with the changing times, and in 1966, a sinking Paramount Pictures was sold to Charles Bluhdorn's industrial conglomerate, Gulf + Western Industries Corporation.

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9. In 1968, Paramount Pictures formed Films Distributing Corp to distribute sensitive film product, including Sin With a Stranger, which was one of the first films to receive an X rating in the United States when the MPAA introduced their new rating system.

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10. In 1970, Paramount Pictures teamed with Universal Studios to form Cinema International Corporation, a new company that would distribute films by the two studios outside the United States.

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11. Paramount Pictures purchased the Hughes Television Network including its satellite time in planning for PTVS in 1976.

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12. In May 1985, Paramount Pictures decided to start its own talent department, establishing which its feature directors could draw, which the studio decided to shut down on July 30, 1986, by then-studio president Dawn Steel.

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13. That year, Paramount Pictures decided to consolidate its distribution operations, that closing a number of branch offices that was designed for the studio and relocating staff and major activities in an effort to cut costs and provide for a more efficient centralization, which was a response in a change to the distribution practices by working out cities where exhibitors had offices.

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14. When Paramount Pictures moved to its present home in 1927, it was in the heart of the film community.

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15. Paramount Pictures used cash acquired from the sale of Gulf and Western's non-entertainment properties to take over the TVX Broadcast Group chain of television stations, and the KECO Entertainment chain of theme parks from Taft successor Great American Broadcasting.

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16. Paramount Pictures bought one more television station in 1993: Cox Enterprises' WKBD-TV in Detroit, Michigan, at the time an affiliate of the Fox Broadcasting Company.

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17. Paramount Pictures gained the ownership rights to the Rysher library, after Viacom acquired the rights from Cox Enterprises.

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18. In early 2008, Paramount Pictures partnered with Los Angeles-based developer FanRocket to make short scenes taken from its film library available to users on Facebook.

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19. In December 2013, Walt Disney Studios gained Paramount Pictures's remaining distribution and marketing rights to future Indiana Jones films.

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20. On March 27, 2017, Jim Gianopulos was named as a chairman and CEO of Paramount Pictures, replacing Brad Grey.

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21. In June 2017, Paramount Pictures signed a deal with 20th Century Fox for distribution of its films in Italy, which took effect on September.

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22. On December 7, 2017, it was reported that Paramount Pictures sold the international distribution rights of Annihilation to Netflix.

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23. On November 16, 2018, Paramount Pictures signed a multi-picture film deal with Netflix as part of Viacom's growth strategy, making Paramount Pictures the first major film studio to do so.

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24. In January 2022, Paramount Pictures acquired the rights to Tomi Adeyemi's young adult fantasy novel Children of Blood and Bone from Lucasfilm.

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25. Paramount Pictures 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.

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26. In March 2012, Paramount Pictures licensed their name and logo to a luxury hotel investment group which subsequently named the company Paramount Pictures Hotels and Resorts.

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27. Paramount Pictures saw this as a bargain since the fleeting movie studio saw very little value in its library of old films at the time.

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