Paramountind.com history

In 1967, the lot underwent one of its largest expansions with the purchase of Desilu television studios from Lucille Ball.

In 1970 a deal of far-reaching significance between Paramount and Universal studios was made.

In 1974 Bluhdorn relinquished his position as chairman of the board at Paramount to Barry Diller, a change in leadership that in no way diminished the company’s good fortune.

When Adolph Zukor died in 1976 at the age of 103, after having been chairman emeritus for 12 years, he had lived to see the rebirth of his company.

Paramount Industries, Inc. became an affiliated company of EPCO in 1978 as a distributor of EPCO products as well as related products to the retail customer.

The company started supplying telecom cables to the Department of Telecommunications and in the year 1980 they diversified into manufacturing of power cables.

In 1981, the new champion of box office profits, Raiders of the Lost Ark, raked in worldwide rentals totaling approximately $200 million.

In 1984, Diller moved over to Fox Studios.

The Paramount Story, New York, Crown, 1985.

Janitorial Management Services was founded in 1993 in Tarzana, California

Between Dolgen’s careful accounting and Lansing’s sensibilities, this leadership team oversaw Paramount’s greatest track record with a crowning jewel of Titanic, which hauled in $2.2 billion since its release in 1997.

In 1999, Redstone even went and bought the parent network CBS along with gaining many other assets.

Memorable TV Series (2000-present)

During the year 2001-02 the company started commercial production ar Khushkhera unit in Rajasthan.

The subsidiary company Paramount Wires & Cables Ltd has issued fresh 250000 equity shares of Rs 10 each as on March 31 2002.

Paramount Building Solutions was founded in 2003 in Tempe, Arizona

During the year 2006-07 the company completed their first phase of expansion project.

Also Paramount Gulf FZE UAE ceased to be subsidiary of the company with effect from December 31 2007 upon their winding up with the Ajman Free Zone Authority UAE.The company acquired 25 acres of land opposite to the existing plant of the company located in the Khushkhera Industrial Area Rajasthan.

The said project is expected to be operational by the mid of the financial year 2008-09.The company entered into the vibrant domestic wires market with a range of cables that offer an environmentally friendly Lead Free Zero Halogen Low Smoke option.

These updates include a new post production sound facility built in conjunction with Technicolor (now part of Formosa Group), which opened in December, 2011.

In 2016 Viacom announced that it was negotiating the sale of a 49 percent stake in Paramount Pictures to Wang Jianlin’s Dalian Wanda, a Chinese entertainment conglomerate.

Although the deal was later called off, the studio received a major investment from two Chinese film companies in 2017.