Gulf+Western Industries, Inc. acquired control of Paramount on March 24, 1966. The corporation turned its interest toward the new entertainment division, and on June 5, 1989, G+W was renamed Paramount Communications, Inc.
During those years, Paramount created some of the most iconic movies in American cinematic history including ROMEO AND JULIET (1968), which won two Academy Awards®; TRUE GRIT (1969), which starred the legendary John Wayne; THE GODFATHER (1972), which won three Academy Awards and is considered the film that elevated the gangster drama genre; and CHINATOWN (1974), which was directed by Roman Polanski and starred some of Hollywood’s most celebrated talents, Jack Nicholson, Faye Dunaway and John Huston.