Paramount is a major film studio.
Major film studio . Of the Big Six , Paramount is the only one still based in Hollywood , and Paramount and Fox are the only ones still located within the Los Angeles city limits , while Disney and Warner Bros. are located in Burbank , Columbia in Culver City , and Universal in the unincorporated area of Universal City . In 2006 , DreamWorks was acquired by Viacom , Paramount 's corporate parent . Paramount Pictures Corporation ( also known as Paramount Pictures and simply Paramount ) is an American film studio based in Hollywood , California , that has been a subsidiary of the American media conglomerate Viacom since 1994 . In 2014 , Paramount Pictures became the first major Hollywood studio to distribute all of its films in digital form only .