Design: The design shows an eagle perched on the lid of a phonograph machine. The image was changed in 1920 to show the same bird atop a globe. The 'bat-wing' shape of the upper part of the outer border mimicks the Victor label, as does the pudgy typeface used for the Paramount name.
History: Paramount (unrelated to the movie distribution company, though songs from movies seem to have been featured) had its beginnings in 1917. The label states that this is a vertical-cut product; Paramount switched to lateral-cut technology in the summer of 1919.