is a film and television production/distribution studio and ranked as one of the largest film studios founded in 1914 as Famous players film company and in 1914 as paramount pictures. It has distributed various commercially successful film series from Sherk Mission: impossible , the Godfather to Paranormal activity and Friday 13th. And as of 2014 , paramount pictures became the first big Hollywood Studio to distribute all its films in digital-form only and the fourth oldest surviving film studio In the world.
Paramount Pictures had been an early backer of television launching experimental stations in 1939 in LA and Chicago. In 1938, Paramount bought a stake in television manufacturer Du Mont laboratories however by the early 1960s the company's future was doubtful. The high-risk movie business was wobbly: investment in Du Mont and early pay- television came to nothing. However Paramounts sell to Chances Blundorns industrial conglomerate , Gulf + Western industries cooperation installed producer Robert Evans as head of production. And as result slowly saw the restoration of Paramounts reputation for commercial success with Love Story, The Godfather, Chinatown, The odd couple and Rosemary's baby.
Gulf + Western industries also bought the neighbouring Desilu Television studio from Lucille ball in 1967. Using some of Desilu's established shows such as Star Trek, Mission: Impossible and Mannix as a foot in the door at the networks, the newly reincorporated paramount television eventually became known as a specialist in half-hour situation comedies.
Paramounts successful run of pictures extended into generating the 1980s and 1990 hits like Footloose, Pretty In Pink .
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