Did paramount pictures produce The Hobbit?

No, Paramount Pictures did not produce The Hobbit movies.

The Hobbit films (An Unexpected Journey, The Desolation of Smaug, and The Battle of the Five Armies) were produced by:

* New Line Cinema

* WingNut Films (Peter Jackson's company)

* Metro-Goldwyn-Mayer (MGM)

While Paramount Pictures had a distribution deal with New Line Cinema for a period, they were not involved in the production of the films.