Paramount Pictures Corporation (commonly known as Paramount Pictures or simply Paramount) is a film and television production/distribution studio, consistently ranked as one of the largest (top-grossing) film studios. It is a subsidiary of U.S. conglomerate Viacom, Paramount is a member of the Motion Picture Association of America (MPAA).
One of the largest entertainment and media brands in the world, Paramount Pictures Corporation is responsible for the worldwide production, sales and marketing of films from prestigious and internationally recognized movie labels. The company is responsible for distributing filmed entertainment from Paramount Pictures, Paramount Vantage, Paramount Animation, Insurge Pictures, MTV Films and Nickelodeon Movies.
Paramount Home Media Distribution is the home video distribution division of Paramount Pictures (a subsidiary of Viacom, Inc.) dealing with home video founded in late 1975.
PHMD distributes most of the programming assets owned by Viacom parent National Amusements. This not only includes films by Paramount Pictures themselves, but also the back catalog of DreamWorks (including releases made prior to the Viacom acquisition, and those distributed by Paramount, among other acquisitions), shows from MTV Networks, Nickelodeon, Comedy Central, and BET Networks, and, through CBS Home Entertainment, most of the holdings of Viacom sister company CBS Corporation – this includes the libraries of CBS Television Studios (including predecessor companies like Paramount Television), CBS Theatrical Films (and predecessor companies like Cinema Center Films), and ShowtimeEntertainment. PHMD also has agreements with DreamWorks Animation, PBS, and Hasbro for DVD/Blu-ray distribution of various programs that the former aired, and several films and TV series based on franchises owned by the latter. By-products of the latter deal are the series of films based on theTransformers toy line, and the 2009 film based on the G.I. Joe toy line, G.I. Joe: The Rise of Cobra
Paramount brands the majority of its HD content under the label ‘Paramount High Definition’ which is seen both on the title box cover and as an in-movie opening. Films from Paramount subsidiaries such as Nickelodeon Movies and MTV Films as well as from former sister studio DreamWorks SKG use no special branding, Paramount Vantage (another subsidiary) releases only select titles under the Paramount High Definition banner such as Babel.

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