Editing Paramount Pictures (section)

==Investments==
===DreamWorks Pictures===
In 2006, Paramount became the parent of [[DreamWorks Pictures]]. [[Soros Fund Management|Soros Strategic Partners]] and [[RatPac-Dune Entertainment|Dune Entertainment II]] soon afterwards acquired controlling interest in live-action films released through DreamWorks, with the release of ''[[Just like Heaven (2005 film)|Just Like Heaven]]'' on September 16, 2005. The remaining live-action films released until March 2006 remained under direct Paramount control. However, Paramount still owns distribution and other ancillary rights to Soros and Dune films.

On February 8, 2010, Viacom repurchased Soros' controlling stake in DreamWorks' library of films released before 2005 for around $400&nbsp;million.<ref>{{cite news|last=Fixmer|first=Andy|title=Viacom Acquires Soros Stake in Films for $400 Million (Update3)|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5_oOCdFObtM|access-date=February 7, 2013|newspaper=Bloomberg.com|date=February 11, 2010|archive-date=November 5, 2013|archive-url=https://web.archive.org/web/20131105024827/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5_oOCdFObtM|url-status=live}}</ref> Even as DreamWorks switched distribution of live-action films not part of existing franchises to [[Walt Disney Studios Motion Pictures]] and later [[Universal Pictures]], Paramount continues to own the films released before the merger, and the films that Paramount themselves distributed, including [[sequel]] rights such as that of ''[[Little Fockers]]'' (2010), distributed by Paramount and DreamWorks. It was a [[sequel]] to two existing [[DreamWorks Pictures|DreamWorks]] films, ''[[Meet the Parents]]'' (2000) and ''[[Meet the Fockers]]'' (2004). (Paramount only owned the international distribution rights to ''Little Fockers'', whereas [[Universal Pictures]] handled domestic distribution).<ref>{{cite web |title=Box Office Mojo |url=https://www.boxofficemojo.com/movies/?id=meetthefockerssequel.htm |url-status=live |archive-url=https://web.archive.org/web/20111016173318/http://www.boxofficemojo.com/movies/?id=meetthefockerssequel.htm |archive-date=October 16, 2011 |access-date=October 28, 2011 |website=Box Office Mojo}}</ref>

Paramount also owned distribution rights to the [[DreamWorks Animation]] library of films made before 2013, and their previous distribution deal with future DWA titles expired at the end of 2012, with ''[[Rise of the Guardians]]''. [[20th Century Fox]] took over distribution for post-2012 titles beginning with ''[[The Croods]]'' (2013) and ending with ''[[Captain Underpants: The First Epic Movie]]'' (2017).<ref>{{cite web |date=August 20, 2012 |title=Dreamworks Animation to Fox for new 5-Year Distribution Deal |url=https://deadline.com/2012/08/exclusive-dreamworks-animation-to-fox-321701/ |url-status=live |archive-url=https://web.archive.org/web/20120917230609/http://www.deadline.com/2012/08/exclusive-dreamworks-animation-to-fox/ |archive-date=September 17, 2012 |access-date=September 25, 2012 |website=Deadline Hollywood}}</ref> Universal Pictures subsequently took over distribution for DreamWorks Animation's films beginning with ''[[How to Train Your Dragon: The Hidden World]]'' (2019) due to [[NBCUniversal]]'s acquisition of the company in 2016. Paramount's rights to the 1998–2012 DWA library would have expired 16 years after each film's initial theatrical release date,<ref>{{Cite web|url=http://www.dreamworksanimation.com/2013ar/Dreamworks_2013_Annual_Report.pdf|title=2013 Annual Report|archive-url=https://web.archive.org/web/20190412002524/http://www.dreamworksanimation.com/2013ar/Dreamworks_2013_Annual_Report.pdf|archive-date=April 12, 2019}}</ref> but in July 2014, DreamWorks Animation purchased Paramount's distribution rights to the pre-2013 library, with 20th Century Fox distributing the library until January 2018, which Universal then assumed ownership of distribution rights.<ref>{{cite news |first=Alexandra |last=Cheney |url=https://variety.com/2014/biz/news/dreamworks-animation-q2-earnings-fall-short-of-estimates-1201271262/ |title=DreamWorks Animation Q2 Earnings Fall Short of Estimates, SEC Investigation Revealed |work=Variety |date=July 29, 2014 |access-date=August 8, 2015 |archive-date=June 23, 2018 |archive-url=https://web.archive.org/web/20180623141606/https://variety.com/2014/biz/news/dreamworks-animation-q2-earnings-fall-short-of-estimates-1201271262/ |url-status=live }}</ref>

Another asset of the former DreamWorks owned by Paramount is the pre-2008 [[DreamWorks Television]] library, which is currently distributed by Paramount's sister company [[CBS Media Ventures]]; it includes ''[[Spin City]]'', ''[[High Incident]]'', ''[[Freaks and Geeks]]'', ''[[Undeclared]]'' and ''[[On the Lot]]''.

===CBS library===
Independent company Hollywood Classics represents Paramount with the theatrical distribution of all the films produced by the various motion picture divisions of [[CBS]] over the years, as a result of the 2000 Viacom/CBS merger.

Paramount has outright video distribution to the aforementioned CBS library with some exceptions; less-demanded content is usually released manufactured-on-demand by CBS themselves or licensed to [[Visual Entertainment Inc.]] As of the 2019 Viacom/CBS merger, this library now includes the theatrical distribution of [[Terrytoons]] short films on behalf of [[Paramount Animation]], while [[CBS Media Ventures]] owns the television distribution. Until 2009, the video rights to ''[[My Fair Lady (film)|My Fair Lady]]'' were with original theatrical distributor [[Warner Bros.]], under license from CBS (the video license to that film has now reverted to Paramount).