Paramount is a major film studio.
Major film studio . The `` Big Six '' majors , whose operations are based in or around the Los Angeles neighborhood of Hollywood , are all centered in film studios active during Hollywood 's Golden Age of the 1930s and 1940s . In three cases -- 20th Century Fox , Warner Bros. , and Paramount -- the studios were one of the `` Big Five '' majors during that era as well . 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 .