Paramount Pictures

Paramount Pictures Corp. was founded by W.W. Hodkinson as a film distributor and provided an outlet for movies. In 1916, Zukor and Lasky acquired Paramount to distribute their films and merged their companies into Famous Players – Laskingy Corporation.
In 1926, the company embarked on an ambitious building program and bought the Paramount Theater in New York City and a number of other theaters in the United States and Europe.
The name of the studio changed to Paramount in 1930 and expanded its film production and theater network. Radio Keith, Orpheum and the RKO Corporation were founded in 1933 and merged the studios of Paramount Pictures, Paramount Theatre Company and Paramount Film Corporation.
In order to promote the connection between radio and film, the company pursued an elaborate advertising campaign with huge radio towers around the globe. West, “one of the many trademark euphemisms for” West, “became a symbol of his efforts to impose strict film censorship in the United States in the 1930s and 1940s.
Paramount teamed up with Warner Brothers as the second-largest movie distributor in the US after Warner Bros. Paramount’s continental sensibility more closely resembled that of the United States than the largest studio in the world.
The 107-year-old studio kicked off the decade with huge box office growth in 2011, and its fortunes grew. But the success of rising star Bing Crosby in the late 70s and early 80s helped put the studio back in the black.
Paramount Pictures couldn’t compete with companies that earned more than $1.5 billion a year, such as Warner Bros. and Sony Pictures Entertainment. Paramount Pictures, the world’s second-largest film studio by box office receipts, grew in 2011 and immediately made up for its losses from the previous year. Could the hunting creatures from “The Dark Knight Rises” and “Star Wars” return in 2012?
The studio had much-needed success in 2011 after veteran Hollywood executives took over to revive Paramount after a long period of flops and losses.
The painting, which cost $17 million to produce and grossed $132 million domestically, has already boosted morale at the Melrose Avenue property. Paramount Pictures Corp. “s profitability has improved, but the film industry is changing rapidly, and there are many questions about its long-term vision.
Paramount’s first-quarter profit was released on May 10 and showed a net loss of $1.5 million, or $0.01 per share, on revenue of $730 million. Viacom Chief Executive Bob Bakish said at the earnings call: “This earnings update marks the ninth consecutive quarter of improvement in Paramount’s operating profit. A filing with the U.S. Securities and Exchange Commission (SEC) on April 30 said Paramount raised $700 million in the first quarter, up from $6.2 million a year ago.
The quarterly profits come as Paramount CEO Jim Gianopulos has taken responsibility for Paramount’s rapidly declining market share in 2017. According to a recent Wall Street Journal report, Paramount has been unable to match Lions Gate Entertainment Corp. at the U.S. box office for the past two years. The New York Times wrote: “Gianopilos deserves credit for putting together one of the most successful first-quarter earnings reports in recent memory.
Del Vecchio warned that Paramount has its own place in an industry where competitors are much larger and increasingly distribute proprietary content created by their competitors through streaming platforms they control. In the mid-to-late 1940s, criticism of Paramount movies became known, but several studios required only a certain studio to appear in their films.
The original studio, which cost a million dollars to build, stood on 26 acres and contained four large sound stages. In 1926, Lasky oversaw the construction of the new Hollywood studio that is now the cornerstone of the Paramount Pictures studio. In the late 1930s, the site underwent one of its biggest expansions, with the addition of a new sound stage and a large auditorium.
However, it was only a year after moving into the current studio that Paramount’s success became apparent.
The studio stepped up marketing as the film began to capture mainstream and audience interest. Paramount approved a $100 million budget for the film, which the studio saw as a significant step up from its previous budget of $50 million. But now the financial outlook for the studios in 2018 should improve and the overall financial position of the company should be better than expected.
At the beginning of the year, Gianopulos and his team took a tour of the major talent agencies. Brian Robbins, known for his work on the upcoming Terminator reboot, has been named head of a new production unit called Paramount Player to produce movies for Viacom’s networks. Godfrey is leading the studio’s upcoming “Terminator” reboot and is also launching projects such as the “Come to America” sequel starring Eddie Murphy.
At a lunch with Gianopulos, David Fincher, head of Paramount Pictures, and his team said they presented the studio’s creative director, John Lasseter, with an original Ang Lee action film starring Will Smith over lunch, Gianoplos said.