Updated: December 30, 2024

Star Trek began as a joint-production of Norway Productions, owned by Roddenberry, and Desilu, owned by Desi Arnaz and Lucille Ball. The profit-sharing agreement for the series split proceeds between Norway, Desilu ( later Paramount Television ), William Shatner's production company, and the broadcast network, NBC. However, Star Trek lost money during its initial broadcast, and NBC did not expect to recoup its losses by selling the series into syndication, nor did Paramount. With NBC's approval, Paramount offered its share of the series to Roddenberry sometime in 1970. However, Roddenberry could not raise the $150,000 ( equivalent to $1,176,864 in 2023 ) offered by the studio. Paramount would go on to license the series to television syndicators worldwide. NBC's remaining broadcast and distribution rights eventually returned to Paramount and Roddenberry sometime before 1986, which coincided with the development of what would become The Next Generation.

As for Desilu, the studio was acquired by Gulf+Western. It was then reorganized as the television production division of Paramount Pictures, which Gulf+Western had acquired in 1966. Gulf+Western sold its remaining industrial assets in 1989, renaming itself Paramount Communications. Sometime before 1986, Sumner Redstone had acquired a controlling stake of Viacom via his family's theater chain, National Amusements. Viacom was established in 1952 as a division of CBS responsible for syndicating the network's in-house Productions, originally called CBS Films. In 1994, Viacom and Paramount Communications were merged. Viacom then merged with its former parent, CBS Corporation, in 1999. National Amusements and the Redstone family increased their stake in the combined company between 1999 and 2005.