Paramount Home Media Distribution (PHMD) (formerly Paramount Home Entertainment, Paramount Home Video and Paramount Video) is the home video distribution arm of Paramount Pictures (a subsidiary of Viacom) founded in 1976.

In October 2012, it was announced that PHMD and Warner Home Video had signed a distribution deal, allowing Warner to gain U.S. and Canadian DVD, Blu-ray, UltraViolet, Flixster, and DVD-manufacturing-on-demand distribution rights to over 600 Paramount titles. The deal came into effect as of January 1, 2013. The deal however, has expired as of 2017 as evidenced by Paramount titles no longer appearing on Warner Home Video's web store. Distribution of the titles included in the Warner deal have since reverted to Paramount.

As Paramount Home Video/Entertainment, PHMD also distributed the Peanuts animated specials and TV series from 1994 until 2007, when Warner Home Video took over distribution.

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