Famous Players-Lasky Corporation was incorporated on 28 June 1916 from the Famous Players-Lasky Film Company, Bosworth, Incorporated, The Oliver Morosco Photoplay Company and Pallas Pictures. Famous Players-Lasky acquired Paramount Pictures Corporation circa September-October 1916.

In what would become a tortuously complex series of intercorporate restructuring from 1916 through 1927, Famous Players-Lasky Corporation was not only a production company, it temporarily also became the official distribution arm for what were previously Paramount lines in circa 1920, and the Paramount name was reduced to nothing more than a brand name for Famous Players-Lasky Corporation. Along the line, Famous Players had created the Famous Players-Mary Pickford Company briefly in 1916, replaced by the Mary Pickford Film Corporation in August 1916, to produce Mary Pickford films, which were distributed by Adolph Zukor-controlled Artcraft Pictures Corporation. In January 1918, Artcraft Pictures became a production brand name for Famous Players-Lasky Corporation. General film distribution was again designated to Paramount Pictures Corporation in the early 1920s. The official production entity for Famous Players-Lasky Corporation was then briefly placed in Paramount Pictures Corporation in early 1927, until the new production entity Paramount Famous Lasky Corporation was created in September 1927.

References: Brownlow-Parade pp. 26, 82, 275, 369, 514.