Simplify the following text for a Grade 12 native English-speaking person.
Original: Universal is the second longest-lived studio in Hollywood ( Viacom 's Paramount Pictures , Universal 's ownership partner of United International Pictures -- which distributes films by Paramount and Universal worldwide -- is the oldest ) .
Simplified: Universal Pictures is the second-longest-lived Hollywood studio ; Viacom-owned Paramount Pictures is the oldest by a month .