Paramount Pictures: Difference between revisions
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'''Paramount Pictures Corporation''' is an American film and television studio owned by [[Paramount Global]]. It is the second oldest-running film studio in Hollywood (second only to [[Universal Pictures]]), and the only remaining member of the "Big Five" Hollywood studios located within the city limits of Los Angeles. | '''Paramount Pictures Corporation''' is an American film and television studio owned by [[Paramount Global]]. It is the second oldest-running film studio in Hollywood (second only to [[Universal Pictures]]), and the only remaining member of the "Big Five" Hollywood studios located within the city limits of Los Angeles. | ||
Paramount Pictures was founded on May 8, 1914 by Utah theatre owner William Wadsworth Hodkinson, who also conceived the studio's original logo featuring 24 stars encircling a mountain (the number of stars was reduced to 22 in 1967). On June 28, 1916, Paramount combined its operations with the [[Famous Players Film Company]] and the Lasky Feature Play Company (both of which had been founded two years before Paramount itself)<ref>Even though the first incarnation of Paramount Pictures was actually founded exactly two years after Famous Players, Paramount designates the 1912 founding of Famous Players as its official founding date, as it was its earliest predecessor.</ref> to form the '''Famous Players-Lasky Corporation''' | Paramount Pictures was founded on May 8, 1914 by Utah theatre owner William Wadsworth Hodkinson, who also conceived the studio's original logo featuring 24 stars encircling a mountain (the number of stars was reduced to 22 in 1967). On June 28, 1916, Paramount combined its operations with the [[Famous Players Film Company]] and the Lasky Feature Play Company (both of which had been founded two years before Paramount itself)<ref>Even though the first incarnation of Paramount Pictures was actually founded exactly two years after Famous Players, Paramount designates the 1912 founding of Famous Players as its official founding date, as it was its earliest predecessor.</ref> to form the '''Famous Players-Lasky Corporation''', although it continued to use the Paramount Pictures name for its film business. In 1927, the company's legal name was changed to '''Paramount Famous Lasky Corporation'''; in 1930, it was again changed to '''Paramount Publix Corporation'''. In 1935, after the studio re-emerged from bankruptcy, its legal name was changed to '''Paramount Pictures Inc.''' | ||
On January 1, 1950, in the aftermath of the landmark Supreme Court case ''United States v. Paramount Pictures, Inc.'', which forced Hollywood studios to divest themselves of their theater holdings and marked the beginning of the end for the old "studio system", Paramount changed its legal name to '''Paramount Pictures Corporation''' after relinquishing control of the United Paramount Theaters chain. On March 24, 1966, Paramount was acquired by Gulf+Western Industries, which later became [[Paramount Communications]] on June 5, 1989. As part of the acquisition by Gulf+Western, Lucille Ball's [[Desilu Productions]] and its associated studio lot were brought under Paramount's control, and in 1967, Desilu was renamed [[Paramount Television (1967-2006)|Paramount Television]]. | On January 1, 1950, in the aftermath of the landmark Supreme Court case ''United States v. Paramount Pictures, Inc.'', which forced Hollywood studios to divest themselves of their theater holdings and marked the beginning of the end for the old "studio system", Paramount changed its legal name to '''Paramount Pictures Corporation''' after relinquishing control of the United Paramount Theaters chain. On March 24, 1966, Paramount was acquired by Gulf+Western Industries, which later became [[Paramount Communications]] on June 5, 1989. As part of the acquisition by Gulf+Western, Lucille Ball's [[Desilu Productions]] and its associated studio lot were brought under Paramount's control, and in 1967, Desilu was renamed [[Paramount Television (1967-2006)|Paramount Television]]. | ||