Paramount Records was a recording company founded on the 1910’s. At first, it was no different from other recording companies, aside from its absurdly low quality recording.
But, as J. Mayo Williams, even with no association to the company, began recommending blues artists, Paramount got famous for ‘race records’. Ink Williams, as he was nicknamed, practically and without realising, held the company together.
Paramount was responsible for launching Blind Lemon Jefferson’s records, even though some of them had to be re-recorded at Marsh Laboratories.
As the Great Depression hit, along with many companies, Paramount Records closed down, on 1935. Its recordings and equipment were sold as metal scrap, and there’s even a legend where they threw away unsold recordings on the river, though attempts to find it were unsuccessful.
It was later re-opened on 1942, and reissued old records, and made some new ones, specially important Jazz and Chicago Blues records, including Jelly Roll Morton, a young Louis Armstrong, and more.
Closed down again on 1964, the companies rights were bought by George H. Buck on 1970, and remains until of today. The ‘Paramount Records’ label rights were bought by Paramount Pictures, unassociated.
References: Paramount Records, and in-article links.

