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who owns viacom

Shari Redstone tried to nudge CBS to merge with Viacom, but CBS’ then-leader, Leslie Moonves, was worried that Viacom, which was grappling with a falling stock price and an exodus of viewers, would become a drag on CBS. California coronavirus shutdown will last through Christmas as deaths explode past 20,000. Only 7% of the largest U.S. companies in Standard & Poor’s top index have a woman as a board chair, according to Fenwick & West, a Mountain View, Calif., law firm. Its latest restored treasure: Bee Gees footage. (Moonves has denied the allegations.) Media observers wonder whether Redstone will position ViacomCBS Inc. for a sale — or if she will tighten her grip. Viacom and CBS reunite in $12 billion deal, but challenges abound. The merger agreement is a triumph for Redstone, who has overseen the family’s controlling stakes in the two companies since her father’s declining health forced him to relinquish control. In an additional 14% of those S&P 100 firms, a woman was lead director — another key board post. Herzer’s lawsuit plunged National Amusements and Viacom into turmoil. The following is a list of major assets that are owned by ViacomCBS. Throughout the 1980s and 1990s, Viacom made several acquisitions, including MTV Networks (former Warner-Amex Satellite Entertainment) and Paramount Communications. She previously wrote for the Miami Herald and the Palm Beach Post. Jill Goldsmith. Viacom is one of the most powerful entertainment and media companies in the US. Activision Blizzard sues Netflix for poaching CFO Spencer Neumann. Under the nearly $12-billion deal, CBS will absorb the smaller Viacom, which owns such brands as MTV, Nickelodeon, Comedy Central and Paramount Pictures. Who owns the media. Univision Sold To Investment Firm Of Former Viacom CFO Wade Davis. “It’s awesome. CBS and Viacom have agreed to merge. AT&T chief defends HBO Max after Christopher Nolan calls it the ‘worst’. Walt Disney Co. shutting down influential Radio Disney after two decades. Blake mccormick owns viacom No, in 2006 CBS and Viacom split into two different companies. At one point, controlled over 70% of the voting stock of Viacom, which is a subsidiary of National Amusements, his private family-owned company. It wasn’t until the elder Redstone’s health deteriorated that she was able squeeze back into her father’s orbit. ViacomCBS Domestic Media Networks Formerly MTV Networks Viacom Media Networks Type Division IndustryEntertainment, cable and satellite television … Here’s what’s due on the small screen for subscribers. “It might depend on where the stock goes over the next year or two,” Matthews said. Shari Redstone, who is divorced with three children, is the daughter of Sumner Redstone, who owns 80% of the controlling company National Amusements ViacomCBS will be run by Viacom CEO Bob Bakish, with Joseph Ianniello, now the acting CEO of CBS, becoming chairman and CEO of CBS, according to a statement from the company. So when Dauman proposed selling Paramount to a Chinese company in early 2016, Shari Redstone dug in for a fight. Paramount Pictures Corporation (Filmed Entertainment), CBS Entertainment Group (TV Entertainment), Consumer Products, Recreation and Live Events, CBS Studios International and MTV Networks International/Viacom International Media Networks, also owned by CBS Television Studios and CBS Television Distribution, Learn how and when to remove these template messages, Learn how and when to remove this template message, List of broadcast stations owned by CBS Radio, "Sarah Babineau & Keith Cox Promoted To Top Creative Posts At ViacomCBS' Entertainment & Youth Unit, Jonas Larsen Exits", "Viacom, Hungry For Hits, Gobbles Garfield", "Viacom Acquires VidCon, Boosting Live Event and Digital Businesses", "Viacom International Media Networks Buys Majority Stake in Brazil's Porta dos Fundos", "CBS to launch UK channels with Chellomedia", "Straffi's Rainbow: Europe's Largest Animation House Has Growing Pains", "Red Ventures Announces Closing of Acquisition of CNET Media Group", "Blue Ant Media Announces Global Networks Division To Be Led By Ward Platt In Newly Created Role CEO, Global Networks & Kids", "ViacomCBS to Sell Simon & Schuster to Penguin Random House for $2.175 Billion", "Global Publishing Leaders 2016: Simon & Schuster", "Media Companies Join to Extend the Brands of YouTube Stars", "Review aggregator site GameRankings is shutting down", https://en.wikipedia.org/w/index.php?title=List_of_assets_owned_by_ViacomCBS&oldid=993247614, Short description is different from Wikidata, Articles needing additional references from August 2017, All articles needing additional references, Wikipedia articles that are excessively detailed from August 2017, All articles that are excessively detailed, Wikipedia articles with style issues from August 2017, Articles with multiple maintenance issues, Creative Commons Attribution-ShareAlike License, Paramount Studio Group – physical studio and post production, The Studios at Paramount – production facilities & lot, Paramount on Location – production support facilities throughout North America including New York, Vancouver, and Atlanta, Worldwide Technical Operations – archives, restoration and preservation programs, the mastering and distribution fulfillment services, on-lot post production facilities management, Paramount Parks & Resorts – licensing and design for parks and resorts, Paramount Worldwide Television Licensing & Distribution, CBS Educational and Professional Publishing – sold to, CBS Outdoor International – sold to Platinum Equity in 2013, Multi Channel Network – 24.99% stake held by Ten Network Holdings sold to. The Redstones prevailed, and Dauman, who presided over Viacom as its value plummeted, resigned. ViacomCBS delivers premium content to important, diverse audiences through television, streaming and digital platforms, studio production, live events, and more. AT&T Inc. acquired Time Warner Inc., owner of HBO, CNN, TBS and Warner Bros. Disney in March completed its $71.3-billion takeover of much of Rupert Murdoch’s 21st Century Fox. And it still continues its aggressive acquisitions to beat the biggest rivals it has, Time Warner and Walt Disney. Viacom Inc., the media powerhouse that owns CBS and the MTV and Nickelodeon cable TV channels, is paying about $2.3 billion in stock for BET Holdings and will assume $570 million in debt. Shari Redstone, who helped engineer the merger, becomes the first chairwoman in Viacom’s history. While the COVID-19 pandemic has shrunk crew sizes and banned crowd scenes, Hollywood’s new safety rules mean longer jobs for some background actors. Bakish and CBS’ acting chief, Joseph Ianniello, must fuse together two different cultures and navigate the shift to streaming services. This spring, independent members of CBS’ and Viacom’s boards began discussing a merger. The changing economics have created a sense of urgency among major Hollywood studios to fortify themselves by bulking up. The all-stock deal is structured as an acquisition of Viacom by CBS. But within a few months, the court fight in Delaware was eclipsed by a scandal engulfing Moonves, who had run CBS since the 2006 split. A month later, Sumner Redstone had his other former companion, Manuela Herzer, escorted from his Beverly Park mansion. Former Viacom Inc. Chief Financial Officer Wade Davis agreed to buy a majority stake in Univision Communications Inc., a deal that follows years of … Channel 5 is wholly owned by Viacom International Media Networks, a division of Viacom Inc. Viacom International Media Networks is comprised of many of the world’s most popular multimedia entertainment brands, including MTV, Nickelodeon, Comedy Central, BET, Paramount Channel, VH1, VIVA, COLORS and Tr3s: MTV, Musicá y Mas. Meanwhile, the media industry was rapidly consolidating. She halted a plan to sell the storied Melrose Avenue movie studio, Paramount Pictures, and now she has corrected what she long considered a mistake — her father’s separation of CBS and Viacom in 2006. “Shari has definitely proven herself as an effective strategist, someone who is willing to go to whatever lengths she needs to get something done,” said Jordan Matthews, an entertainment attorney with Weinberg Gonser in Los Angeles. Over the years, Shari Redstone would tell her tough-as-nails father that she possessed 80% of his brains, 90% of his passion and 100% of his obsessive personality. A Los Angeles court said Viacom was entitled to an injunction against Netflix’s attempts to pursue the New York-based media giant’s contracted employees. Tensions were so high that he offered her a $1-billion buyout, and she fumed to her son in 2015: “Your grandfather says I will be chair over his dead body.”. The deal would give the oft-criticized BET programming lineup a major boost and provide Viacom-which already owns the urban-oriented broadcaster United Paramount Network-with another avenue to reach the fast-growing African-American population. It owns household names like Paramount Pictures, Comedy Central, MTV, and others known the world over. He invested in programming and made acquisitions to broaden Viacom’s reach. The Redstone family investment firm, National Amusements Inc., controls nearly 80% of CBS’ and Viacom’s voting shares. We need more women in leadership positions.”. Hollywood’s Fort Knox is Iron Mountain. Sumner Redstone built his empire from a small regional chain of movie theaters. Since reentering her father’s life in late 2015, Redstone has vanquished more than a dozen men whom her father put in power. He overhauled the management of the moribund Paramount and tossed out senior TV executives. Today, under the chairman-ship of the 81 year old Redstone, who adamantly sticks on to his position, Viacom is one of the biggest communications network in the whole world. But her path to power, like most things involving the Redstone family, was contentious. In terms of websites, Viacom owns, of course, Nick.com. “But she’s finally out from under her father’s shadow, and I think she’s driven to make a name for herself and prove what else she can do.”. After Viacom purchased Paramount Pictures in 1994, Sumner Redstone hailed the moment as his arrival in the media big leagues. Hayley Hodson was a ‘dream athlete’ and top student. “People underestimated her, but she’s proven that she’s obtained a lot of her father’s characteristics.”. Tuesday’s agreement, he said, “vindicates the strategy that she’s had.”. Activision Blizzard sued Netflix for poaching its CFO Spencer Neumann in 2018, two years before his fixed contract was scheduled to end. “But she was here, trying to fix these media platforms.”. Behind the scenes, Redstone was instrumental in refreshing the CBS board by bouncing veterans who were friends of her father’s. (A judge eventually ruled in favor of Redstone.). But on Tuesday the boards of CBS and Viacom agreed to reunite the two Redstone-controlled companies that were torn apart 13 years ago. A merger of CBS (NASDAQ:VIAC) and Viacom is reportedly inching ever closer to becoming a reality. We have a global reach of more than 4.3 billion subscribers across more than 180 countries. “Viacom’s goal to keep me from providing for my family and lineage will be foiled. The elderly mogul was reeling from one of the women’s betrayal and prone to crying spells. Within six weeks, Moonves resigned. A native of Wyoming, she is a graduate of the University of Colorado and Columbia University. Pandemic is a win and a loss for Hollywood’s background actors. Viacom brands are seen globally in approximately […] At least that is the way it was about five years ago. Talks spanned months and culminated Tuesday with the all-stock deal that the two companies believe will be completed by the end of the year. The company also boasts this summer’s top cable series, “Yellowstone.”, Shari Redstone “could have taken her wealth and gone on her merry way, investing in Facebook or elsewhere, without worrying about the destruction of these iconic enterprises,” Sonnenfeld said. The political affiliations of Viacom's board and senior management, however, could undercut the credibility of any action the board may take. What to know about Hollywood’s newest job, Actors sue union health plan over loss of insurance. Viacom (post-2006) owns Paramount Pictures, and the Viacom Media Networks (formerly MTV Networks). CBS’ independent board members filed suit to strip the Redstones of their voting control. But it was former Viacom Chief Executive Philippe Dauman’s plan to sell Paramount Pictures that bonded father and daughter. More Stories By Jill Instead, he surrounded himself with younger girlfriends and business cronies. Redstone’s handpicked lieutenant, Bob Bakish, will oversee the new ViacomCBS as chief executive. Just a few years ago, Shari Redstone was on the outs of her family’s far-flung media empire. Tesla called her a criminal. Experts say there’s a better way. Its related international division is ViacomCBS Networks International. Their strong working relationship ensures that Redstone no longer will be the subject of boardroom resistance. Her father, Sumner Redstone, once dismissed her publicly as a lightweight who contributed little to the business. Shari Redstone, who divides her time between Boston, Connecticut and Los Angeles, spent weeks assisting her father at his home and successfully defending the case against Herzer. Her fight could be a milestone for employees’ rights. She has been a member of the Company Town team for more than a decade. But some on CBS’ board were wary. Now, the challenge will be integrating two companies that have been separate for more than a decade. In 2005 Viacom International was split into two companies, Viacom and CBS Corp. Redstone was chairman of both the new Viacom and of CBS, controlling a majority of both firms. “We will establish a world-class, multi-platform media organization that is well-positioned for growth in a rapidly transforming industry.”. Through a history of mergers and acquisitions, these companies have … Redstone, as board chair, joins an elite group of women. Former engineer says Tesla forced her out and then libeled her. Viacom has acquired Los Angeles-based video streaming service Pluto TV for $340 million in cash, both companies confirmed Tuesday. “Today marks an important step forward in Viacom… Jones will become the first Black woman to run a major TV news operation. The entertainment industry is facing intense pressure from technology behemoths Walt Disney Co., Netflix Inc., Amazon.com Inc. and Google, which introduced popular alternatives to traditional television. Warner Bros. has decided its 2021 movies will come out concurrently in U.S. theaters and on HBO Max. “Less than a quarter of the S&P 100 companies have a woman as their chair or a lead director, and that puts Shari in a notable position,” said Dawn Belt, a partner and coauthor of Fenwick & West’s Gender Diversity Study. Walt Disney Co. is closing its children’s radio programming station and laying off staff amid a broader restructuring of its operations. Within a few months, she and Sumner Redstone removed Dauman and his ally from the family’s investment firm, which provoked a high-stakes lawsuit. In 1986, Viacom was acquired by its present owner, theater operator company National Amusements. In its most recent fiscal quarter, Viacom hit a milestone when it reported that domestic advertising had increased for the first time in five years. https://en.wikipedia.org/wiki/List_of_assets_owned_by_Viacom Viacom's chairman and chief executive, Sumner Redstone, is a self-described "liberal Democrat" and a prolific donor to Democratic campaigns. Rashida Jones will replace Phil Griffin as head of MSNBC. And they announced that Shari Redstone would become chairwoman of the new entity, ViacomCBS Inc., joining a small number of women overseeing a major U.S. company. Judge supports Viacom’s injunction request in poaching case against Netflix. In early 2018, Redstone again tried to get CBS to entertain the Viacom merger. “There was almost willful destruction of MTV, VH1 and all of those iconic brands,” said Jeffrey Sonnenfeld, a professor at Yale School of Management. Massive corporations dominate the U.S. media landscape. Earlier this decade, two women had ensconced themselves in Sumner Redstone’s life and he lavished them with gifts valued at $150 million. The move follows other lawsuits against Netflix related to executive poaching. Launched in 1995, the website mainly serves as an online portal for Nickelodeon content, offering online … , as board chair, joins an elite group of women market, founded in 2009 capacity. Viacom split into two different companies the Palm Beach post chair, joins an group! Might depend on where the stock goes over the next year or two, said... 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