Paramount Pictures is one of the five major American film studios as of 2010. Located in the Hollywood area of Los Angeles, just north east of Beverly Hills, the studio used to be a subsidiary of Viacom but now it is currently a subsidiary of Viacom and National Amusements, Inc.. It used to be the distributor for Terrytoons, until it was sold to Viacom, owner of Paramount Pictures. Today, all of Terrytoons are owned by CBS Films.