Company Overview of Paramount Pictures Corporation
Paramount Pictures Corporation engages in the production and distribution of films. The company sells, markets, and distributes digital and television home entertainment content. It offers current and classic movies, as well as interactive gaming applications through digital distribution sites, such as iTunes. The company also provides movie fans with access to share movie clips with friends through VooZoo on Facebook with an opportunity to view film content on mobile phones or to play videogames, and the ability to watch movies on Xbox 360 or Playstation 3 consoles; provides production facilities to film makers and production companies for feature films, television shows, and commercials in...
5555 Melrose Avenue
Los Angeles, CA 90038
Founded in 1912
Key Executives for Paramount Pictures Corporation
Chairman and Chief Executive Officer
Chief Financial Officer and Executive Vice President
President of Paramount Studio Group
President of Home Media Distribution
Compensation as of Fiscal Year 2015.
Paramount Pictures Corporation Key Developments
Appeals Court Affirms Dismissal of Suit against Paramount
Dec 16 15
The U.S. Court of Appeals for the Second Circuit upheld the dismissal of a lawsuit that accused Viacom Inc. unit Paramount Pictures of financing fraud. Appellants, who accused the company of federal securities fraud, common law fraud and unjust enrichment, claimed that the district court erred in finding that Paramount's business strategy with respect to film financing and risk mitigation did not change following their investment in Melrose Investors LLC, according to a Dec. 14 court filing. Melrose is a special purpose vehicle that invested its funds in a slate of movies produced and distributed by Paramount over a two-year period. The appeals court found that the district court's finding that Paramount did not change its business strategy with respect to territorial sales following the Melrose transaction is not erroneous. Stating that the appellants' claims lack merit, the court further stated that the appellants failed to establish the factual premise of their claims, and the district court correctly dismissed the complaint.
Major Viacom Shareholder Wants Alibaba To Buy Stake In Paramount
Dec 3 15
Mario Gabelli is recommending Viacom, Inc. (NasdaqGS:VIAB) sell a piece of its Paramount Pictures Corporation Alibaba Group Holding Limited (NYSE:BABA). Gabelli, who owns 10% of Viacom's voting shares told Financial Times that selling a chunk of Paramount to Alibaba would not only generate needed cash, but also pave the way for more Paramount films in fast-growing China.
Youku Tudou Signs Licensing Deal with Paramount Pictures to Expand Offerings on Subscription Service
Sep 15 15
Youku Tudou Inc. announced that it has entered into a content licensing agreement with Paramount Pictures that will bring more than a hundred top titles from Paramount Picture's film library to Youku Tudou. Popular franchises and titles such as Transformers, Shrek, Star Trek, Mission: Impossible and Forrest Gump will be viewable through Youku Tudou's subscription service and select future Paramount releases will be available through TVOD. Youku Tudou's subscription service currently offers a wide selection of content from both foreign and domestic studios. More licensed content as well as Youku Tudou web-native content will be added on an ongoing basis, continually enriching the value proposition of the company's subscription services. With this agreement, Youku Tudou will boast a library of over 4,000 movie titles that encompass domestic, foreign and original productions.
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