Paramount pictures - Film industries

Paramount pictures corporation is a world wide film industry that focuses on films and television production. Paramount is consistently the number one ranked film industry in the world. he company dates its beginnings to the 1912 founding date of the Famous Players Film Company, one of the companies that merged into Paramount Pictures in 1916. Paramount is the fourth oldest existing film studio in the world behind Universal Studios, Pathé and Gaumont Pictures. Also, it is the last major film studio still headquartered in the Hollywood district of Los Angeles.
Paramount Pictures can trace its beginning to the creation in May 1912 of the Famous Players Film Company. By mid-1913, Famous Players had completed five films.

On December 11, 2005, The Paramount Motion Pictures Group announced that it had purchased DreamWorks SKG (which was co-founded by former Paramount executive Jeffrey Katzenberg) in a deal worth $1.6 billion. Under the deal, Paramount is required to distribute the DreamWorks animated films for a small fee intended only to cover Paramount's out of pocket costs with no profit to the studio, including the Shrek franchise.