 The company founded or acquired many film production and exhibition properties; among these were the 2,000-screen theater chain United Paramount Theatres (UPT), newsreel service Paramount News, the Famous Players theater chain in Canada and animation studio Famous Studios.The company became one of the "big five" Hollywood studios.By the 1940s, however, Paramount was the target of several antitrust lawsuits by the federal government, culminating with "U.S. vs. Paramount Pictures, et al."