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.The New York Times: Paramount Drops Out of Financing Deal (July 15 2008)