The studio produced good films, they won the very first Academy Award for Wings in 1929. It was also right in the middle of the Depression and no one had money to spend at the movies so Paramount did go bankrupt. The Depression had a devastating effect on everyone including Paramount; but within a few years , the studio was Producing quality films again.
By the 1960’s a young actor Robert Evans became a studio head that saved the picture making company again. He approved films to be made like Love Story, and The Godfather and with just those two topics made more money than the studio has ever seen. So, what is to be learned here . People want love stories and stories about strong gutsy families. Can we recreate themes like that in our own households?