When entertainment is paramount, many people turn to Paramount Pictures Corporation. A subsidiary of media firm Viacom, the company produces and distributes films through Paramount Pictures, Paramount Animation, Paramount Classics, Insurge Pictures, MTV Films, Nickelodeon Movies, and Paramount Vantage. It maintains the Paramount Pictures library of some 3,500 films, including classic hits from the Star Trek, Godfather, and Indiana Jones series, and releases about a dozen new titles annually. Paramount Pictures distributes movies on video and DVD through Paramount Home Entertainment. The studio ceased to own DreamWorks in 2008.
The company is part of the Filmed Entertainment segment (which accounts for about 25% of sales) of Viacom.
Paramount is focused on producing and ditributing profitable movies through an annual slate that includes a mix of a few key major-budget movies called "tentpoles" along with smaller, more modest-budget titles. The studio is also capitalizing on distribution agreements with other studios.
Paramount was founded as Famous Players Film Company by Adolph Zukor in 1912; it was acquired by Viacom in 1994.