Paramount Pictures Corporation (also known simply as Paramount) is an American film studio based in Hollywood, California, that has been a subsidiary of the American media conglomerate Viacom since 1994. Paramount is the fifth oldest surviving film studio in the world, the second oldest in the United States, and the sole member of the "Big Six" film studios still located in the Los Angeles neighborhood of Hollywood. In 1916, film producer Adolph Zukor contracted 22 actors and actresses and honored each with a star on the logo. These fortunate few would become the first "movie stars." In 2014, Paramount Pictures became the first major Hollywood studio to distribute all of its films in digital form only. 

Paramount Pictures is a member of the Motion Picture Association of America (MPAA). 

The company's headquarters and studios are located in 5555 Melrose Avenue, Hollywood, California, United States. 

Paramount is the fifth oldest surviving film studio in the world after the French studios Gaumont Film Company (1895) and Pathé (1896), followed by the Nordisk Film company (1906), and Universal Studios (1912). It 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 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.
Are many major film studios in Los Angeles?
 last major film studio still headquartered in the Hollywood district of Los Angeles. 