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 . In 2006 , DreamWorks was acquired by Viacom , Paramount 's corporate parent . Paramount Pictures . 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 .