It's interestingly ironic that years earlier, ABC would start a record label with infrastructure from the theatre chain Paramount had to sell off, and then in the '70's wind up acquiring the record label Paramount themselves started. I'd spent my childhood wondering if the ABC-Paramount label was tied to Paramount Pictures, and the answer is no AND yes.Funny: Paramount Records existed for years separate of Paramount Pictures, and then they became related. Meanwhile, Columbia Pictures existed separately from Columbia Records (and its parent, the Columbia Broadcasting System), but then in the '90's, without intentional planning, Sony wound up acquiring both the studio and the record label (but not the network).
If you're referring to the '20s - '30s Paramount record label, I thought that was a completely separate entity from Paramount, the film studio, and its later short-lived label.wikipedia.org/wiki/Paramount_Records
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