The Paramount is owned and operated by the Seattle Theatre Group, a 501(c)(3) not-for-profit performing arts organization which also runs the 1,419-seat Moore Theatre in Belltown and the Neptune Theatre in the University District. Initially it was built expressly for showing film and secondarily, vaudeville. As of 2009, the Paramount is operated as a venue for various performing arts, serving its patron base with Broadway theatre, concerts, dance, comedy, family engagements, silent film and jazz. It is one of the busiest theatres in the region.