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Distributed by Viacom Inc.'s Paramount Pictures, "Paranormal Activity 4" took in $30.2 million in its first weekend in theaters in North America, a significant drop from the opening haul of the third film in the franchise, which earned $52.6 million.

DreamWorks Animation has decided not to distribute its own films after its longtime deal with Paramount Pictures expires this fall, and it may strike a new pact with Sony Pictures, according to people close to the negotiations not authorized to speak publicly.

YouTube and Paramount Pictures have reached a deal to make nearly 500 films available to rent online, even while their parent companies continue to feud over a $1 billion lawsuit.

Paramount Pictures has pushed its "Star Trek" sequel back nearly a year, from June 2012 to May 17, 2013.

EXCLUSIVE: Director will star opposite Cruise in Paramount's 'One Shot' thriller -- Werner Herzog has come on as the villain in Paramount's "One Shot" starring Tom Cruise.

Viacom's movie studio, Paramount Pictures, is launching its own animated division to make films with large budgets of up to $100 million each.

The latest "Transformers" sequel might set some revenue records over Fourth of July weekend. "Transformers: Dark of the Moon" has $97.5 million in the bank at the domestic box office since opening Tuesday night. Distributor Paramount estimated Saturday that the movie could top the holiday weekend records held by "Spider-Man 2" and "The Twilight Saga: Eclipse."

J.J. Abrams’ Super 8 opened to a better-than-expected $37 million at the domestic box office after an aggressive 11th hour marketing blitz by Paramount. Including paid previews on Thursday, the period sci-fi pic has earned $38 million in its first four days.

The trailer for “Super 8” launched on Twitter. And now the movie will as well. Paramount announced today that J.J. Abrams’s Spielbergian monster movie will open Thursday, a day earlier than its scheduled midnight Friday release date, on about 300 screens around the country. In partnership with Twitter, the studio is directing people to #Super8Secret, a sponsored hashtag that takes Twitter users to a direct link to buy tickets for the Thursday screenings.

The second big-budget studio release of the summer grossed a solid $66 million, according to an estimate from distributor Paramount Pictures. The 3-D film about a Norse god destroyed the two other films in wide release this weekend, which were both romantic comedies about marriage. "Jumping the Broom," about two families from different backgrounds converging at a wedding, collected a decent $13.7 million. "Something Borrowed," which had a bigger budget and is based on Emily Giffin's bestselling novel of the same name, had a soft $13.2-million take.