US v. Paramount separated movie studios from movie theaters.
Sumner Redstone came from a movie theater family and formed modern Paramount by buying Viacom (which was spun out of CBS due to antitrust), Paramount, and then later CBS itself. He was able to buy Paramount as a cinema owner because the government abandoned the rule that you couldn't own both the studio and the theater in the 80s.
The corporate history of Hollywood is long and complicated. Skydance is obviously a big topic this month, but Paramount was owned by the Redstone family's National Amusements theater for as long as many of the adults on this site have been alive.
Sumner Redstone came from a movie theater family and formed modern Paramount by buying Viacom (which was spun out of CBS due to antitrust), Paramount, and then later CBS itself. He was able to buy Paramount as a cinema owner because the government abandoned the rule that you couldn't own both the studio and the theater in the 80s.
The corporate history of Hollywood is long and complicated. Skydance is obviously a big topic this month, but Paramount was owned by the Redstone family's National Amusements theater for as long as many of the adults on this site have been alive.