California Pictures was originally founded in 1944 by Howard Hughes and Academy Award winner Preston Sturges, and was reincorporated in 2008 by Steven V. Istock. Once based at Paramount Pictures Studios in Hollywood, California Pictures is currently located in Mid-City Wilshire in the iconic E. Clem Wilson Building. The company is focused on distributing and producing great films and television content with dynamic characters, strong and personally identifiable themes and powerful journeys for a worldwide audience. The company also advises various companies and producers on financial architecture which involves structuring debt and equity finance, examining production and project budgets, cash flow, casting selections, packaging, resource allocation and distributor interest in all stages of production and distribution. As an international sales company, California Pictures attends all of the major markets and festivals: Cannes Marche du Filme/Cannes Film Festival European Film Market FILMART MIPCOM AMERICAN FILM MARKET The company also advises various companies and producers on financial architecture. This involves structuring debt and equity finance, examining production and project budgets, cashflow, casting selections, packaging, resource allocation and distributor interest in all stages of production and distribution.