Paramount Pictures
Founded in 1912, Paramount Pictures is America's oldest running movie studio, and also one of the largest.
Fast Facts
- Annual revenue (2005): $2.9 billion
- Founder: Adolph Zukor
- Year established: 1912
- Industry: Motion pictures
- Phone: (323) 956-5000
- HQ: Los Angeles, CA
- Chairman/CEO: Brad Grey
- CFO: Mark Badagliacca
- COO: Frederick D. Huntsberry
- Parent Company: Viacom
- Over 1,000 films, including: Titanic, the Indiana Jones series, Braveheart, Forrest Gump, The Ten Commandments, and The Godfather films
Key Dates
- 1912: Zukor founds Famous Players Film Company to distribute Queen Elizabeth
- 1916: Famous Players merges with Jesse L. Laskey Company, production and distribution companies combine into Paramount Pictures
- 1926: Paramount moves into new Hollywood studio
- 1966: Acquired by Gulf+Western Industries
- 1994: Merges with Viacom
- 1997: Titanic becomes highest-grossing film of all time
Failed Financing Deal
According to reports on July 15, 2008, Paramount dropped out of a $450 million deal with Germany's Deutsche Bank. The failure of a deal that would have provided 25 percent of the studio's budget was seen as a symptom of the U.S. credit crunch that began in 2007.1
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