5555 Melrose Ave.
Turn right when you leave Hollywood Forever, then turn right on Van Ness Avenue and right again onto Melrose. Paramount is on the right.
Paramount is the only studio still operating in Hollywood proper, and it has a long and interesting history. Cecil B. DeMille and Jesse Lasky made their first film The Squaw Man in an old horse barn near Sunset and Vine (which has now been moved to Highland Avenue and is the home of the Hollywood Heritage Museum). In 1916, they merged their company with Adolph Zukor's Famous Players Film Company and gained controlling interest in Paramount Pictures Corporation, a film distribution company.
Casual visitors are not allowed inside the studios, but you can take a guided walking tour if you have reservations. Tour are two hours long and you have to walk, so wear comfortable shoes. Among the things you may see include the Bronson Gate which lent its name to an aspiring young actor who needed a stage name, the large wall painted to look like a blue sky with puffy clouds and the sunken parking lot area below it which can be flooded to simulate any large body of water.
Tours are given weekdays only and you can reserve space in them by calling 323-956-1777.
If you want to see a television program being filmed at Paramount, don't contact them directly. Instead, contact Audiences Unlimited, who manage the studio audiences for many production companies.