Paramount Television Studios
Paramount Television Studios (formerly known as Paramount Television) is an American television production and distribution company, that is a division of Paramount Pictures, a subsidiary of Paramount Global.
|Formerly||Paramount Television (2013–2020)|
|Predecessors||Paramount Television (first incarnation)|
CBS Paramount Television
|Founded||March 4, 2013|
|Parent||Paramount Pictures (2013–present)|
|Divisions||Paramount Worldwide Television Licensing & Distribution|
It is the successor to the original Paramount Television, as it was transferred to CBS Corporation during its split from Viacom, which retained Paramount Pictures and its motion picture division in 2005. After the spin-off in January 2006, the division was renamed as CBS Paramount Television, and then CBS Television Studios in May 2009, after the three-year agreement for licensing the Paramount trademarks expired.
In March 2013, Paramount returned to television production based on the technological expansion of television via streaming services, making it a vigorous business and Hollywood's growth engine. There was also recognition that severing the television operation from Paramount had given them little to fall back on when films fail, except for studio stage rentals.
On January 14, 2020, Paramount Television was rebranded as Paramount Television Studios, following the closed merger of ViacomCBS (now Paramount Global).