Paramount Pictures Corporation (known professionally as Paramount Pictures and often referred to simply as Paramount) is an American film studio, television production company and film distributor based in Hollywood, California that has been a subsidiary of the American media conglomerate Viacom since 1994. Paramount is the fifth oldest surviving film studio in the world, the second oldest in the United States, and the sole member of the "Big Six" film studios, still located in the Los Angeles neighborhood of Hollywood. Paramount is a member of the Motion Picture Association of America (MPAA). In 2014, Paramount Pictures became the first major Hollywood studio to distribute all of its films in digital form only. Paramount is the fifth oldest surviving film studio in the world after the French studios Gaumont Film Company (1895) and Pathé (1896), followed by the Nordisk Film company (1906), and Universal Studios (1912). It is the last major film studio still headquartered in the Hollywood district of Los Angeles.