Now the oldest American film studio, Paramount is also the only one still headquartered in Hollywood.
Photo by Chris Brown
Lights, Camera, Action!
Paramount Pictures is formed
Back in 1912, an entrepreneur named Adolph Zukor thought he could bring more movies to the middle class by contracting a group of actors to make a fixed number of movies every year. So he started the Famous Players Film Company. Famous Players partnered with a startup called Paramount Pictures Corporation to distribute its films to theaters; a few years later, it officially merged with Paramount.
Under Zukor’s leadership, Paramount owned all the components of the movie-making apparatus. It employed superstars of the day, like Mary Pickford and Rudolph Valentino, and acquired film production studios. Paramount even bought hundreds of movie houses around the country where the finished movies would be shown.
The company has been through many mergers since those early days, and has once or twice come close to closing up shop, such as during the Great Depression. Today, however, the company is still growing strong.