The division oversees Paramount Global's home entertainment and transactional digital distribution activities worldwide.

PHE additionally manages global licensing of studio content and transactional distribution across worldwide digital distribution platforms including online, mobile and portable devices and emerging technologies.

In the United Kingdom and other countries, the Paramount Pictures film library were released on VHS by CIC Video alongside Universal Pictures until 1999, when Universal pulled out of CIC in favour of its then-newly purchased PolyGram Filmed Entertainment's home video division (PolyGram Video which was promptly renamed Universal Pictures UK Ltd), CIC Video would be kept by Paramount and renamed Paramount Home Entertainment UK.

[4] However, the deal expired in July 2020 when Paramount Home Entertainment signed a new UK home entertainment distribution deal with Elevation Sales (a joint venture between StudioCanal UK and Lionsgate UK), as well as signing other home entertainment distribution deals with Koch Media (later Plaion Pictures) for Italy, Divisa Home Video for Spain, ESC Distribution for France and Dutch FilmWorks for Benelux, all starting in January 2021.

[8] Paramount brands the majority of its HD content under the label 'Paramount High Definition' which is seen both on the title box cover and as an in-movie opening.

[12] However, when other studios eventually dropped HD DVD and players for the technology stopped being manufactured, Paramount switched to Blu-ray.