Paramount Vantage was originally known as but changed to Paramount Classics in 2006. It acts as the specialty film division for Paramount Pictures charged with producing, purchasing, distributing and marketing films, generally those with a more "art house" feel than films made and distributed by its parent company. ,which in turn is part of Viacom. In 2006, the Paramount Vantage brand branched off from Paramount Classics, which was relaunched in 2007 as a distributor of "smaller, review-driven films including foreign-language acquisitions and documentaries."
In 2007, Paramount Vantage co-produced No Country for Old Men and There Will Be Blood with Miramax Films. The partnership paid off when both films were nominated for the Academy Award for Best Picture at the 80th Academy Awards, with the former film winning. The two won a combined six awards, including the Academy Award for Best Actor for Daniel Day-Lewis in Blood and the Academy Award for Best Supporting Actor for Javier Bardem in No Country.
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