Thursday, 12 November 2009

Paramount Pictures

Paramount Pictures Corporation is a Worldwide American film production and distribution company, located at 5555 Melrose Avenue in Hollywood, California. Founded in 1912 and currently owned by media conglomerate Viacom, it is the world's oldest existing American film studio; it is also the last major film studio still headquartered in the Hollywood district of Los Angeles. Paramount is consistently ranked as one of the top grossing movie studios

Paramount Pictures originate from the early 1900's, and by 1920 had over 2000 screens throughout America. On December 11, 2005, Paramount announced that it had purchased DreamWorks SKG (which was co-founded by former Paramount executive Jeffrey Katzenberg) in a deal worth $1.6 billion. The announcement was made by Brad Grey, chairman and CEO of Paramount Pictures, who noted that enhancing Paramount's pipeline of pictures is a "key strategic objective in restoring Paramount's stature as a leader in filmed entertainment." The agreement doesn't include DreamWorks Animation SKG Inc., the most profitable part of the company that went public the previous year.

I chose this company to review because they have produced some of my favourite thrillers such as Halloween, and produced some very successful films such as the Mission Impossible films, Lara Croft: Tomb Raider, Collateral, Cloverfield, Friday the 13th, G.I Joe: The Rise of Cobra and Paranormal Activity. These films have helped make Paramount Pictures gross revenue which stretches into million of Dollars.

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