Paramount Theatre is a theatre in Boston on Washington Street, between Avery and West Streets.
82-515: The Paramount opened in 1932 as a 1,700-seat, single-screen movie theatre. It was one of the first movie houses in Boston to play talking motion pictures. The theatre was named after its original owner, Paramount Pictures . It closed in 1976 and most of the Art Deco interior decoration was destroyed in the 1980s during the removal of asbestos. In 1984, the building was designated a Boston Landmark by
164-500: A fourth commercial network . Paramount Pictures purchased the Hughes Television Network (HTN) including its satellite time in planning for PTVS in 1976. Paramount sold HTN to Madison Square Garden Corporation in 1979. But Diller believed strongly in the concept, and so took his fourth-network idea with him when he moved to 20th Century Fox in 1984, where Fox's then freshly installed proprietor, Rupert Murdoch
246-583: A 1956 remake of his 1923 film The Ten Commandments . DeMille died in 1959. Like some other studios, Paramount saw little value in its film library and sold 764 of its pre-1950 films to MCA Inc. / EMKA, Ltd. (known today as Universal Television ) in February 1958. By the early 1960s, Paramount's future was doubtful. The high-risk movie business was wobbly; the theater chain was long gone; investments in DuMont and in early pay-television came to nothing; and
328-416: A Lesser God and The Accused . During this period, responsibility for running the studio passed from Eisner and Katzenberg to Frank Mancuso, Sr. (1984) and Ned Tanen (1984) to Stanley R. Jaffe (1991) and Sherry Lansing (1992). More so than most, Paramount's slate of films included many remakes and television spin-offs ; while sometimes commercially successful, there have been few compelling films of
410-467: A Paramount network from 25 years earlier. In 1999, Viacom bought out United Television's interests, and handed responsibility for the start-up network to the newly acquired CBS unit, which Viacom bought in 2000 – an ironic confluence of events as Paramount had once invested in CBS, and Viacom had once been the syndication arm of CBS, as well. During this period the studio acquired some 30 TV stations to support
492-524: A bid for a merger with Paramount Communications; this quickly escalated into a bidding war with Barry Diller 's QVC . But Viacom prevailed, ultimately paying $ 10 billion for the Paramount holdings. Viacom and Paramount had planned to merge as early as 1989. Paramount is the last major film studio located in Hollywood proper. When Paramount moved to its present home in 1927, it was in the heart of
574-700: A five-month battle with QVC , and completed the merger in July. At the time, Paramount's holdings included Paramount Pictures, Madison Square Garden , the New York Rangers , the New York Knicks , and the Simon & Schuster publishing house. The deal had been planned as early as 1989, when the company was still known as Gulf and Western. Though Davis was named a member of the board of National Amusements , which controlled Viacom, he ceased to manage
656-676: A foot in the door at the networks, the newly reincorporated Paramount Television eventually became known as a specialist in half-hour situation comedies. In 1968, Paramount formed Films Distributing Corp to distribute sensitive film product, including Sin With a Stranger , which was one of the first films to receive an X rating in the United States when the MPAA introduced their new rating system . In 1970, Paramount teamed with Universal Pictures to form Cinema International Corporation ,
738-432: A lively history, has been turned into a post-production and music-scoring facility for Warners, known simply as "The Lot". For a time the semi-industrial neighborhood around Paramount was in decline, but has now come back. The recently refurbished studio has come to symbolize Hollywood for many visitors, and its studio tour is a popular attraction. In 1983, Gulf and Western began a restructuring process that would transform
820-412: A movie factory, turning out sixty to seventy pictures a year. Such were the benefits of having a huge theater chain to fill, and of block booking to persuade other chains to go along. In 1933, Mae West would also add greatly to Paramount's success with her suggestive movies She Done Him Wrong and I'm No Angel . However, the sex appeal West gave in these movies would also lead to the enforcement of
902-480: A new company that would distribute films by the two studios outside the United States. Metro-Goldwyn-Mayer would become a partner in the mid-1970s. Both Paramount and CIC entered the video market with Paramount Home Video (now Paramount Home Entertainment ) and CIC Video , respectively. Robert Evans abandoned his position as head of production in 1974; his successor, Richard Sylbert , proved to be too literary and too tasteful for Gulf and Western's Bluhdorn. By 1976,
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#1732800747125984-512: A new, television-trained team was in place headed by Barry Diller and his "Killer-Dillers", as they were called by admirers or "Dillettes" as they were called by detractors. These associates, made up of Michael Eisner , Jeffrey Katzenberg , Dawn Steel and Don Simpson would each go on and head up major movie studios of their own later in their careers. The Paramount specialty was now simpler. " High concept " pictures such as Saturday Night Fever and Grease hit big, hard, and fast all over
1066-719: A second channel, the Sci-Fi Channel (now known as Syfy ), in 1992. As its name implied, it focused on films and television series within the science fiction genre. Much of the initial programming was owned either by Paramount or Universal. Paramount bought one more television station in 1993: Cox Enterprises ' WKBD-TV in Detroit, Michigan, at the time an affiliate of the Fox Broadcasting Company . In February 1994, Viacom acquired 50.1% of Paramount Communications Inc. shares for $ 9.75 billion, following
1148-518: A series of Jack London movies. Paramount was the first successful nationwide distributor; until this time, films were sold on a statewide or regional basis, which had proved costly to film producers. Also, Famous Players and Lasky were privately owned while Paramount was a corporation. In 1916, Zukor engineered a three-way merger of his Famous Players, the Lasky Company, and Paramount. Zukor and Lasky bought Hodkinson out of Paramount, and merged
1230-409: A sound stage for film production classes, a scene shop, several classrooms, a restaurant, and up to a dozen offices for faculty and staff. Design was by Elkus Manfredi Architects , Boston. Acentech Incorporated consulted on the acoustical design of the facility, providing guidance on room acoustics, sound isolation between the stacked spaces on the tight urban site, and mechanical system noise control in
1312-424: A stable of exclusively-contracted film personnel (outside of Eddie Murphy ); this effort proved unsuccessful and studio president Dawn Steel decided to shut down the department on July 30, 1986. In 1987, Paramount Pictures, MGM/UA Communications Co. and Universal Pictures teamed up in order to market feature film and television product to China, a response to the 25-billion admission tickets that were clocked in
1394-475: A stage director with virtually no film experience, Cecil B. DeMille , who would find a suitable site in Hollywood. This place was a rented old horse barn converted into a production facility with an enlarged open-air stage located between Vine Street , Selma Avenue, Argyle Avenue and Sunset Boulevard . It was later known as the Lasky-DeMille Barn . In 1914, their first feature film, The Squaw Man
1476-492: A star on the logo. In 1967, the number of stars was reduced to 22 and their hidden meaning was dropped. In 2014, Paramount Pictures became the first major Hollywood studio to distribute all of its films in digital form only. The company's headquarters and studios are located at 5555 Melrose Avenue, Hollywood, California. The most commerciay successful film franchises from Paramount Pictures include Transformers , Mission: Impossible and Star Trek . Additionally,
1558-558: A stock-swap merger deal between Time and Warner Communications. This caused Time to raise its bid for Warner to $ 14.9 billion in cash and stock. Gulf and Western responded by filing a lawsuit in a Delaware court to block the Time-Warner merger. The court ruled twice in favor of Time, forcing Gulf and Western to drop both the Time acquisition and the lawsuit, and allowing the formation of Time Warner . Paramount used cash acquired from
1640-526: Is an American film production and distribution company and the flagship namesake subsidiary of Paramount Global . It is the sixth-oldest film studio in the world, the second-oldest film studio in the United States (behind Universal Pictures ), and the sole member of the "Big Five" film studios located within the city limits of Los Angeles . In 1916, film producer Adolph Zukor put 24 actors and actresses under contract and honored each with
1722-607: Is the last major film studio still headquartered in the Hollywood district of Los Angeles . Paramount Pictures dates its existence from the 1912 founding date of the Famous Players Film Company . Hungarian-born founder Adolph Zukor , who had been an early investor in nickelodeons , saw that movies appealed mainly to working-class immigrants. With partners Daniel Frohman and Charles Frohman he planned to offer feature-length films that would appeal to
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#17328007471251804-462: The Bankruptcy Act . On June 4, 1935, John E. Otterson became president of the re-emerged and newly renamed Paramount Pictures Inc. Zukor returned to the company and was named production chief but after Barney Balaban was appointed president on July 2, 1936, he was soon replaced by Y. Frank Freeman and symbolically named chairman of the board. On August 28, 1935, Paramount Pictures
1886-629: The Boston Landmarks Commission . In 2002, Millennium Partners agreed to restore the Paramount's facade, marquee, and vertical sign in exchange for city approval of their adjacent Ritz-Carlton Towers project. The city occasionally lighted the sign at night. The city's hopes that the site would be developed by the Cambridge-based American Repertory Theater were not fulfilled. In April 2005, Emerson College announced plans to renovate
1968-702: The Kaufman Astoria Studios , and Hollywood, California ), and became an early investor in radio, acquiring for the corporation a 50% interest in the new Columbia Broadcasting System in 1928 (selling it within a few years; this would not be the last time Paramount and CBS crossed paths). By acquiring the successful Balaban & Katz chain in 1926, Zukor gained the services of Barney Balaban (who would eventually become Paramount's president in 1936), his brother A. J. Balaban (who would eventually supervise all stage production nationwide and produce talkie shorts), and their partner Sam Katz (who would run
2050-614: The Paramount Publix Corporation . Eventually, Zukor shed most of his early partners; the Frohman brothers, Hodkinson and Goldwyn were out by 1917 while Lasky hung on until 1932, when, blamed for the near-collapse of Paramount in the Great Depression years, he was also tossed out. In 1931, to solve the financial problems of the company Zukor hired taxi/rental car magnate John D. Hertz as chairman of
2132-607: The Paramount Stations Group , while KECO was renamed to Paramount Parks . Paramount Television launched Wilshire Court Productions in conjunction with USA Networks, before the latter was renamed NBCUniversal Cable , in 1989. Wilshire Court Productions (named for a side street in Los Angeles) produced television films that aired on the USA Networks, and later for other networks. USA Networks launched
2214-710: The Production Code , as the newly formed organization the Catholic Legion of Decency threatened a boycott if it was not enforced. Paramount cartoons produced by Fleischer Studios continued to be successful, with characters such as Betty Boop and Popeye the Sailor becoming widely successful. One Fleischer series, Screen Songs , featured live-action music stars under contract to Paramount hosting sing-alongs of popular songs. The animation studio would rebound with Popeye , and in 1935, polls showed that Popeye
2296-677: The 13th slasher series, as well as joining forces with Lucasfilm and Steven Spielberg to create the Indiana Jones franchise. Other examples are the Star Trek film series and a string of films starring comedian Eddie Murphy like Trading Places , Coming to America and Beverly Hills Cop and its sequels . While the emphasis was decidedly on the commercial, there were occasional less commercial but more artistic and intellectual efforts like I'm Dancing as Fast as I Can , Atlantic City , Reds , Witness , Children of
2378-543: The FCC that Paramount controlled DuMont. Both DuMont and Paramount Television Network suffered as a result, with neither company able to acquire five O&Os. Meanwhile, CBS, ABC, and NBC had each acquired the maximum of five stations by the mid-1950s. When ABC accepted a merger offer from UPT in 1953, DuMont quickly realized that ABC now had more resources than it could possibly hope to match. It quickly reached an agreement in principle to merge with ABC. However, Paramount vetoed
2460-551: The Golden Age of Hollywood had just ended, even the flagship Paramount Building in Times Square was sold to raise cash, as was KTLA (sold to Gene Autry in 1964 for a then-phenomenal $ 12.5 million). Their only remaining successful property at that point was Dot Records , which Paramount had acquired in 1957, and even its profits started declining by the middle of the 1960s. Founding father Adolph Zukor (born in 1873)
2542-511: The Hedgehog film series. On August 25, 1983, Paramount Studios caught fire. Two or three sound stages and four outdoor sets were destroyed. When Charles Bluhdorn died unexpectedly, his successor Martin Davis dumped all of Gulf and Western's industrial, mining, and sugar-growing subsidiaries and refocused the company, renaming it Paramount Communications in 1989. With the influx of cash from
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2624-677: The Madison Square Garden properties (which also included MSG Network ), a 50% stake in USA Networks (the other 50% was owned by MCA / Universal Pictures ) and Simon & Schuster, Prentice Hall , Pocket Books , Allyn & Bacon , Cineamerica (a joint venture with Warner Communications ), and Canadian cinema chain Famous Players Theatres . That same year, the company launched a $ 12.2 billion hostile bid to acquire Time Inc. in an attempt to end
2706-577: The Paramount Theatre and build a performing arts facility in and around the original building. The $ 77 million project involved the renovation of the building and adjacent parcels of land into a complex containing a 550-seat theater, a Performance Development Center, a student residence hall, a 125-seat black box theater, a 170-seat film screening room, eight rehearsal studios ranging from 700 square feet (65 m) to 1,900 square feet (180 m), six practice rooms for individuals and small groups,
2788-766: The Paramount-Publix theatre chain in New York City from the thirty-five-story Paramount Theatre Building on Times Square ). Balaban and Katz had developed the Wonder Theater concept, first publicized around 1918 in Chicago. The Chicago Theater was created as a very ornate theater and advertised as a "wonder theater". When Publix acquired Balaban, they embarked on a project to expand the wonder theaters, and starting building in New York City in 1927. While Balaban and Public were dominant in Chicago, Loew's
2870-701: The Sunset and Vine lot to the new building. At present, those facilities are still part of the Paramount Pictures headquarters. Zukor hired independent producer B. P. Schulberg , an unerring eye for new talent, to run the new West Coast operations. On April 1, 1927, the company name was changed to Paramount Famous Lasky Corporation . In September 1927, the Paramount Famous Lasky Corporation studio in Astoria (New York City)
2952-524: The UPN network, also acquiring and merging in the assets of Republic Pictures, Spelling Television and Viacom Productions, almost doubling the size of the studio's television library. The television division produced the dominant prime time show for the decade in Frasier , as well as such long running hits as NCIS and Becker and the dominant prime time magazine show Entertainment Tonight. Paramount also gained
3034-726: The West Coast. The Chicago station got a commercial license as WBKB in 1943, but was sold to UPT along with Balaban & Katz in 1948 and was eventually resold to CBS as WBBM-TV . In 1938, Paramount bought a stake in television manufacturer DuMont Laboratories . Through this stake, it became a minority owner of the DuMont Television Network . Paramount also launched its own network, Paramount Television Network , in 1948 through its television unit, Television Productions, Inc. Paramount management planned to acquire additional owned-and-operated stations ("O&Os");
3116-615: The artistic acclaim the Fleischer brothers achieved under their management. In 1940, Paramount agreed to a government-instituted consent decree: block booking and "pre-selling" (the practice of collecting up-front money for films not yet in production) would end. Immediately, Paramount cut back on production, from 71 films to a more modest 19 annually in the war years. Still, with more new stars like Bob Hope , Alan Ladd , Veronica Lake , Paulette Goddard , and Betty Hutton , and with war-time attendance at astronomical numbers, Paramount and
3198-547: The centre of Rome. The logo is a gold shield. After the arrival of the French new wave films, Titanus launched a "youth operation", which gave young film artists a chance to create low-budget films with relative freedom. This had approximately 100 first and second productions for Titanus made between 1960 and 1965. This included films by new directors such as Ermanno Olmi , Elio Petri , Damiano Damiani and Lina Wertmuller . Titanus closed down its production branch in 1964, but
3280-517: The companies were separate, the FCC ruled that Paramount's partial ownership of DuMont meant that DuMont and Paramount were in theory branches of the same company. Since DuMont owned three television stations and Paramount owned two, the federal agency ruled neither network could acquire additional television stations. The FCC requested that Paramount relinquish its stake in DuMont, but Paramount refused. According to television historian William Boddy, "Paramount's checkered antitrust history" helped convince
3362-597: The company applied to the FCC for additional stations in San Francisco, Detroit, and Boston. The FCC, however, denied Paramount's applications. A few years earlier, the federal regulator had placed a five-station cap on all television networks: no network was allowed to own more than five VHF television stations. Paramount was hampered by its minority stake in the DuMont Television Network. Although both DuMont and Paramount executives stated that
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3444-543: The company's subsidiaries. Its sugar plantations in Florida and the Dominican Republic were sold in 1985; the consumer and industrial products branch was sold off that same year. In 1989, Davis renamed the company Paramount Communications Incorporated after its primary asset, Paramount Pictures. In addition to the Paramount film, television, home video, and music publishing divisions, the company continued to own
3526-456: The company. During this time period, Paramount Pictures went under the guidance of Jonathan Dolgen, chairman and Sherry Lansing , president. During their administration over Paramount, the studio had an extremely successful period of films with two of Paramount's ten highest-grossing films being produced during this period. The most successful of these films, Titanic , co-produced with 20th Century Fox and Lightstorm Entertainment , became
3608-518: The company. The company remained under the control of trustees for more than a year in order to restructure the debt and pursue a reorganization plan. On December 3, 1934, the reorganization plan was formally proposed. After prolonged hearings in court, final confirmation was obtained on April 25, 1935, when Federal Judge Alfred C. Coxe Jr. approved the reorganization of the Paramount-Publix Corporation under Section 77-B of
3690-477: The corporation from a bloated conglomerate consisting of subsidiaries from unrelated industries to a more focused entertainment and publishing company. The idea was to aid financial markets in measuring the company's success, which, in turn, would help place better value on its shares. Though its Paramount division did very well in recent years, Gulf and Western's success as a whole was translating poorly with investors. This process eventually led Davis to divest many of
3772-643: The country (as Star Trek: Deep Space Nine and Star Trek: The Next Generation were). Paramount Pictures was not connected to either Paramount Records (1910s–1935) or ABC-Paramount Records (1955–66) until it purchased the rights to use the name (but not the latter's catalog) in the late 1960s. The Paramount name was used for soundtrack albums and some pop re-issues from the Dot Records catalog which Paramount had acquired in 1957. By 1970, Dot had become an all-country label and in 1974, Paramount sold all of its record holdings to ABC Records , which in turn
3854-520: The country in 1986. Worldwide Media Sales, a division of the New York-based Worldwide Media Group had been placed in charge of the undertaking. That year, Paramount Pictures decided to consolidate its distribution operations, closing a number of branch offices that were designed for the studio and relocating staff and major activities in an effort to cut costs and provide for a more efficient centralization; this decision
3936-570: The film community. Since then, former next-door neighbor RKO closed up shop in 1957 (Paramount ultimately absorbed their former lot); Warner Bros. (whose old Sunset Boulevard studio was sold to Paramount in 1949 as a home for KTLA ) moved to Burbank in 1930; Columbia joined Warners in Burbank in 1973 then moved again to Culver City in 1989; and the Pickford-Fairbanks-Goldwyn-United Artists lot, after
4018-511: The finance committee in order to assist vice-president and treasurer Ralph A. Kohn. However, on January 6, 1933, Hertz resigned from his position when it become evident that his measures to lift the company had failed. The over-expansion and use of overvalued Paramount stock for purchases created a $ 21 million debt which led the company into receivership on January 26, 1933, and later filing bankruptcy on March 14, 1933. On April 17, 1933, bankruptcy trustees were appointed and Zukor lost control of
4100-626: The highest-grossing film up to that time, grossing over $ 1.8 billion worldwide. Also during this time, three Paramount Pictures films won the Academy Award for Best Picture; Titanic , Braveheart , and Forrest Gump . Paramount's most important property, however, was Star Trek . Studio executives had begun to call it "the franchise" in the 1980s due to its reliable revenue, and other studios envied its "untouchable and unduplicatable" success. By 1998, Star Trek television shows, movies, books, videotapes, and licensing provided so much of
4182-501: The historic building. The project was completed in early 2010. On March 18, 2010, Emerson College celebrated the grand re-opening of the Paramount Theater with Mayor Thomas Menino . 42°21′13″N 71°03′46″W / 42.353705°N 71.062764°W / 42.353705; -71.062764 Paramount Pictures Paramount Pictures Corporation , commonly known as Paramount Pictures or simply Paramount ,
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#17328007471254264-515: The job for eight years, restoring Paramount's reputation for commercial success with The Odd Couple , Rosemary's Baby , Love Story , The Godfather , Chinatown , and 3 Days of the Condor . Gulf and Western also bought the neighboring Desilu Productions television studio (once the lot of RKO Pictures ) from Lucille Ball in 1967. Using some of Desilu's established shows such as Star Trek , Mission: Impossible , and Mannix as
4346-465: The kind that once made Paramount the industry leader. Around the end of 1981, Paramount Pictures took over fellow Gulf and Western subsidiary Sega from the company's manufacturing division in an effort to get into the video game business. Paramount would go on to sell Sega following the Video Game Crash of 1983 , and the two companies would later work together on the live action/CGI Sonic
4428-668: The late 1920s and the early 1930s, talkies brought in a range of powerful draws: Richard Arlen , Nancy Carroll , Maurice Chevalier , Gary Cooper , Marlene Dietrich , Charles Ruggles , Ruth Chatterton , William Powell , Mae West , Sylvia Sidney , Bing Crosby , Claudette Colbert , the Marx Brothers , W.C. Fields , Fredric March , Jack Oakie , Jeanette MacDonald (whose first two films were shot at Paramount's Astoria, New York , studio), Carole Lombard , George Raft , Miriam Hopkins , Cary Grant and Stuart Erwin , among them. In this period Paramount can truly be described as
4510-470: The loss of the theater chain, Paramount Pictures went into a decline, cutting studio-backed production, releasing its contract players, and making production deals with independents. By the mid-1950s, all the great names were gone; only Cecil B. DeMille , associated with Paramount since 1913, kept making pictures in the grand old style. Despite Paramount's losses, DeMille would, however, give the studio some relief and create his most successful film at Paramount,
4592-616: The middle class by featuring the leading theatrical players of the time (leading to the slogan "Famous Players in Famous Plays"). By mid-1913, Famous Players had completed five films, and Zukor was on his way to success. Its first film was Les Amours de la reine Élisabeth , which starred Sarah Bernhardt . That same year, another aspiring producer, Jesse L. Lasky , opened his Lasky Feature Play Company with money borrowed from his brother-in-law, Samuel Goldfish, later known as Samuel Goldwyn . The Lasky company hired as their first employee
4674-660: The new United Paramount Theaters on December 31, 1949. Leonard Goldenson , who had headed the chain since 1938, remained as the new company's president. The Balaban and Katz theatre division was spun off with UPT; its trademark eventually became the property of the Balaban and Katz Historical Foundation. The foundation later acquired ownership of the Famous Players trademark. Cash-rich and controlling prime downtown real estate, Goldenson began looking for investments. Barred from film-making by prior antitrust rulings, he acquired
4756-565: The offer due to antitrust concerns. For all intents and purposes, this was the end of DuMont, though it lingered on until 1956. In 1951, Paramount bought a stake in International Telemeter , an experimental pay TV service which operated with a coin inserted into a box. The service began operating in Palm Springs, California on November 27, 1953, but due to pressure from the FCC, the service ended on May 15, 1954. With
4838-740: The other integrated studio-theatre combines made more money than ever. At this, the Federal Trade Commission and the Justice Department decided to reopen their case against the five integrated studios. Paramount also had a monopoly over Detroit movie theaters through subsidiary company United Detroit Theaters. This led to the Supreme Court decision United States v. Paramount Pictures, Inc. (1948) holding that movie studios could not also own movie theater chains. This decision broke up Adolph Zukor's creation, with
4920-519: The ownership rights to the Rysher library, after Viacom acquired the rights from Cox Enterprises . Titanus Titanus (also called Titanus Distribuzione ) is an Italian film production and distribution company, founded in 1904 by Gustavo Lombardo (1885–1951). The company's headquarters are located at 28 Via Sommacampagna, Rome and its studios on the Via Tiburtina , 13 km from
5002-558: The production side, Hiram Abrams in charge of distribution, and Zukor making great plans. With only the exhibitor-owned First National as a rival, Famous Players–Lasky and its "Paramount Pictures" soon dominated the business. The fusion was finalized on November 7, 1916. Because Zukor believed in stars, he signed and developed many of the leading early stars, including Mary Pickford , Marguerite Clark , Pauline Frederick , Douglas Fairbanks , Gloria Swanson , Rudolph Valentino , and Wallace Reid . With so many important players, Paramount
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#17328007471255084-461: The sale of Gulf and Western's industrial properties in the mid-1980s, Paramount bought a string of television stations and KECO Entertainment 's theme park operations, renaming them Paramount Parks . These parks included Paramount's Great America , Paramount Canada's Wonderland , Paramount's Carowinds , Paramount's Kings Dominion , and Paramount's Kings Island . In May 1985, Paramount decided to start its own talent department, an attempt to form
5166-693: The sale of Gulf and Western's non-entertainment properties to take over the TVX Broadcast Group chain of television stations (which at that point consisted mainly of large-market stations which TVX had bought from Taft Broadcasting , plus two mid-market stations which TVX owned prior to the Taft purchase), and the KECO Entertainment chain of theme parks from Taft successor Great American Broadcasting. Both of these companies had their names changed to reflect new ownership: TVX became known as
5248-447: The struggling ABC television network in February 1953, leading it first to financial health, and eventually, in the mid-1970s, to first place in the national Nielsen ratings, before selling out to Capital Cities in 1985 (Capital Cities would eventually sell out, in turn, to The Walt Disney Company in 1996). United Paramount Theaters was renamed ABC Theaters in 1965 and was sold to businessman Henry Plitt in 1977. The movie theater chain
5330-480: The studio's library includes many individual films such as The Godfather and Titanic , both of which became the highest-grossing films of all time during their initial releases. Paramount Pictures is a member of the Motion Picture Association (MPA). Paramount is the sixth oldest surviving film studio in the world; after Gaumont Film Company (1895), Pathé (1896), Titanus (1904), Nordisk Film (1906), and Universal Pictures (1912). It
5412-467: The studio's profit that "it is not possible to spend any reasonable amount of time at Paramount and not be aware of [its] presence"; filming for Star Trek: Voyager and Star Trek: Deep Space Nine required up to nine of the largest of the studio's 36 sound stages . In 1995, Viacom and Chris-Craft Industries ' United Television launched United Paramount Network (UPN) with Star Trek: Voyager as its flagship series, fulfilling Barry Diller's plan for
5494-512: The studios' West Coast productions. On January 5, 1926, Lasky reached an agreement to buy the Robert Brunton Studios, a 26-acre facility owned by United Pictures and located at 5451 Marathon Street, for $ 1.0 million (equivalent to $ 13.8 million in 2023). On March 29, the company began an eight-month building program to renovate the existing facilities and erect new ones. On May 8, Lasky finally moved operations from
5576-410: The theater chain being split into a new company, United Paramount Theaters , and effectively brought an end to the classic Hollywood studio system . With the separation of production and exhibition forced by the U.S. Supreme Court, Paramount Pictures Inc. was split in two. Paramount Pictures Corporation was formed to be the production distribution company, with the 1,500-screen theater chain handed to
5658-428: The three companies into one. The new company Lasky and Zukor founded on June 28, Famous Players–Lasky Corporation , although it continued to use the name "Paramount," as well. As a result, it became the largest film company at the time with a value of US$ 12.5 million (equivalent to $ 241.8 million in 2023). The corporation was able to grow quickly, with Lasky and his partners Goldwyn and DeMille running
5740-406: The world, while its fortuitous earlier acquisition of the Star Trek property, which had grown into a cult favorite , enabled Paramount to have a long running science fiction film and television franchise to compete with the outstanding popular success of Star Wars . Diller's television background led him to propose one of his longest-standing ideas to the board: Paramount Television Service ,
5822-598: Was a more interested listener. However, the television division would be playing catch-up for over a decade after Diller's departure in 1984 before launching its own television network – UPN – in 1995. Lasting eleven years before being merged with The WB network to become The CW in 2006, UPN would feature many of the shows it originally produced for other networks, and would take numerous gambles on series such as Star Trek: Voyager and Star Trek: Enterprise that would have otherwise either gone direct-to-cable or become first-run syndication to independent stations across
5904-433: Was able to introduce " block booking ", which meant that an exhibitor who wanted a particular star's films had to buy a year's worth of other Paramount productions. It was this system that gave Paramount a leading position in the 1920s and 1930s, but which led the government to pursue it on antitrust grounds for more than twenty years. By the mid-1920s, the old Lasky-DeMille barn property was not big enough to handle all of
5986-526: Was also one of the first Hollywood studios to release what were known at that time as "talkies", and in 1929, released their first musical, Innocents of Paris . Richard A. Whiting and Leo Robin composed the score for the film; Maurice Chevalier starred and sang the most famous song from the film, " Louise ". The driving force behind Paramount's rise was Zukor. He built a chain of nearly 2,000 screens, ran two production studios (in Astoria, New York , now
6068-429: Was even more popular than Mickey Mouse . After an unsuccessful expansion into feature films, as well as the fact that Max and Dave Fleischer were no longer speaking to one another, Fleischer Studios was acquired by Paramount, which renamed the operation Famous Studios . That incarnation of the animation studio continued cartoon production until 1967, but has been historically dismissed as having largely failed to maintain
6150-585: Was made in response to a change in distribution practices that had occurred among the various major studios. In August 1987, Paramount Overseas Productions declared that the subsidiary would be in service not just for the upcoming film Experts , which was shot on a budget of $ 12 million in Canada , but also for other films filmed there worldwide, including the United Kingdom and Canada . In 1993, Sumner Redstone 's entertainment conglomerate Viacom made
6232-585: Was re-listed on the New York Stock Exchange and when the company was under Balaban's leadership, the studio was successfully relaunched. As always, Paramount films continued to emphasize stars; in the 1920s there were Gloria Swanson , Wallace Reid , Rudolph Valentino , Florence Vidor , Thomas Meighan , Pola Negri , Bebe Daniels , Antonio Moreno , Richard Dix , Esther Ralston , Emil Jannings , George Bancroft , Betty Compson , Clara Bow , Adolphe Menjou , and Charles Buddy Rogers . By
6314-520: Was released. On May 8, 1914, Paramount Pictures Corporation (previously known as Progressive Pictures) was founded by a Utah theatre owner, W. W. Hodkinson , who had bought and merged five smaller firms. On May 15, 1914, Hodkinson signed a five-year contract with the Famous Players Film Company, the Lasky Company and Bosworth, Inc. to distribute their films. Actor, director and producer Hobart Bosworth had started production of
6396-483: Was renamed Plitt Theaters. In 1985, Cineplex Odeon Corporation merged with Plitt. In later years, Paramount's TV division would develop a strong relationship with ABC, providing many hit series to the network. Paramount Pictures had been an early backer of television, launching experimental stations in 1939 in Los Angeles and Chicago. The Los Angeles station eventually became KTLA , the first commercial station on
6478-503: Was sold to MCA (now Universal Music Group ) in 1979. Paramount's successful run of pictures extended into the 1980s and 1990s, generating hits like Airplane! , American Gigolo , Ordinary People , An Officer and a Gentleman , Flashdance , Terms of Endearment , Footloose , Pretty in Pink , Top Gun , Crocodile Dundee , Fatal Attraction , Ghost , the Friday
6560-460: Was still chairman emeritus; he referred to chairman Barney Balaban (born 1888) as "the boy". Such aged leadership was incapable of keeping up with the changing times, and in 1966, a sinking Paramount was sold to Charles Bluhdorn 's industrial conglomerate, Gulf and Western Industries . Bluhdorn immediately put his stamp on the studio, installing a virtually unknown producer named Robert Evans as head of production. Despite some rough times, Evans held
6642-502: Was temporarily closed with the objective of equipping it with the technology for the production of sound films . In the same year, Paramount began releasing Inkwell Imps , animated cartoons produced by Max and Dave Fleischer 's Fleischer Studios in New York City. The Fleischers, veterans in the animation industry, were among the few animation producers capable of challenging the prominence of Walt Disney . The Paramount newsreel series Paramount News ran from 1927 to 1957. Paramount
6724-454: Was the big player in New York City, and did not want the Publix theaters to overshadow theirs. The two companies brokered a non-competition deal for New York City and Chicago, and Loew's took over the New York City area projects, developing five wonder theaters . Publix continued Balaban's wonder theater development in its home area. On April 24, 1930, Paramount-Famous Lasky Corporation became
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