Paramount Pictures: Difference between revisions
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Paramount Pictures was founded on May 8, 1914<ref>Even though the first incarnation of Paramount Pictures was actually founded exactly two years after the Famous Players Film Company, Paramount designates the 1912 founding of Famous Players as its official founding date, as it was its earliest predecessor.</ref> 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]] (founded in 1912 by Adolph Zukor) and the Lasky Feature Play Company (founded in 1913 by Jesse L. Lasky) to form the '''Famous Players-Lasky Corporation''', although it continued to use the Paramount Pictures name for its film business. On April 1, 1927, the company's legal name was changed to '''Paramount Famous Lasky Corporation'''; on April 24, 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.''' | Paramount Pictures was founded on May 8, 1914<ref>Even though the first incarnation of Paramount Pictures was actually founded exactly two years after the Famous Players Film Company, Paramount designates the 1912 founding of Famous Players as its official founding date, as it was its earliest predecessor.</ref> 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]] (founded in 1912 by Adolph Zukor) and the Lasky Feature Play Company (founded in 1913 by Jesse L. Lasky) to form the '''Famous Players-Lasky Corporation''', although it continued to use the Paramount Pictures name for its film business. On April 1, 1927, the company's legal name was changed to '''Paramount Famous Lasky Corporation'''; on April 24, 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 movie theater holdings, 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 | 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 movie theater holdings, 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; as part of the acquisition, 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 June 5, 1989, as part of a corporate restructuring, Gulf+Western changed its name to [[Paramount Communications]]. | ||
On March 11, 1994, Paramount Communications was merged with [[Viacom Productions|Viacom]]. On December 31, 2005, Viacom split into two companies: one retaining its original name (inheriting Paramount, MTV Networks and BET Networks) and the other being named CBS Corporation (inheriting Paramount's television production and distribution arms, currently known as [[CBS Studios]], [[CBS Media Ventures]] and [[Paramount Global Content Distribution]], respectively), with both companies owned by [[National Amusements]]. Television rights to Paramount's library are currently handled by [[Trifecta Entertainment & Media]]. On March 4, 2013, Paramount relaunched its [[Paramount Television Studios|Paramount Television]] division (now known as Paramount Television Studios). On August 13, 2019, it was announced that Viacom and CBS would reunite and merge to form ViacomCBS; the merger was completed on December 4 of that year. On February 16, 2022, ViacomCBS was renamed Paramount Global (or simply Paramount), taking its name from the Paramount Pictures studio. | On March 11, 1994, Paramount Communications was merged with [[Viacom Productions|Viacom]]. On December 31, 2005, Viacom split into two companies: one retaining its original name (inheriting Paramount, MTV Networks and BET Networks) and the other being named CBS Corporation (inheriting Paramount's television production and distribution arms, currently known as [[CBS Studios]], [[CBS Media Ventures]] and [[Paramount Global Content Distribution]], respectively), with both companies owned by [[National Amusements]]. Television rights to Paramount's library are currently handled by [[Trifecta Entertainment & Media]]. On March 4, 2013, Paramount relaunched its [[Paramount Television Studios|Paramount Television]] division (now known as Paramount Television Studios). On August 13, 2019, it was announced that Viacom and CBS would reunite and merge to form ViacomCBS; the merger was completed on December 4 of that year. On February 16, 2022, ViacomCBS was renamed Paramount Global (or simply Paramount), taking its name from the Paramount Pictures studio. | ||