Viacom is one of the most powerful entertainment and media companies in the US. A month later, Sumner Redstone had his other former companion, Manuela Herzer, escorted from his Beverly Park mansion. The all-stock deal is structured as an acquisition of Viacom by CBS. Tesla called her a criminal. Co-Business Editor. Walt Disney Co. shutting down influential Radio Disney after two decades. Jones will become the first Black woman to run a major TV news operation. Business is brisk for the archival company as movies, TV and recording industries dig deeper into their past. Herzer sued, claiming Redstone had lost his mental capacity. She previously wrote for the Miami Herald and the Palm Beach Post. In a statement, Viacom lashed … “We will establish a world-class, multi-platform media organization that is well-positioned for growth in a rapidly transforming industry.”. Former engineer says Tesla forced her out and then libeled her. Viacom (post-2006) owns Paramount Pictures, and the Viacom Media Networks (formerly MTV Networks). It owns household names like Paramount Pictures, Comedy Central, MTV, and others known the world over. The 6 corporations that collectively control U.S. media today are Time Warner, Walt Disney, Viacom, Rupert Murdoch’s News Corp, CBS Corporation and NBC Universal. The two major deals of 2019 in the media space – the acquisition of Fox Studios by Walt Disney and the Viacom-CBS merger – indicate that major … Its related international division is ViacomCBS Networks International. Throughout the 1980s and 1990s, Viacom made several acquisitions, including MTV Networks (former Warner-Amex Satellite Entertainment) and Paramount Communications. So when Dauman proposed selling Paramount to a Chinese company in early 2016, Shari Redstone dug in for a fight. A merger of CBS (NASDAQ:VIAC) and Viacom is reportedly inching ever closer to becoming a reality. Viacom has acquired Los Angeles-based video streaming service Pluto TV for $340 million in cash, both companies confirmed Tuesday. 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. Rashida Jones will replace Phil Griffin as head of MSNBC. Our brands are #1 in key U.S. target demos, including total audience, kids, adults, African-Americans and Hispanics. By Jill Goldsmith. “Even if you wanted to sabotage the company, it would be hard to do more damage than [previous management] did.”. “But she was here, trying to fix these media platforms.”. 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. “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.”. ViacomCBS delivers premium content to important, diverse audiences through television, streaming and digital platforms, studio production, live events, and more. Or vise versa Viacom owns CBS. But it was former Viacom Chief Executive Philippe Dauman’s plan to sell Paramount Pictures that bonded father and daughter. 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. Viacom, which many believe lacks the scale necessary to compete in a merged-up media world, has recently completed bolt-on acquisitions like Vidcon, WhoSay and Awesomeness. That girlfriend, Sydney Holland, left in September 2015. What to know about Hollywood’s newest job, Actors sue union health plan over loss of insurance. Redstone’s handpicked lieutenant, Bob Bakish, will oversee the new ViacomCBS as chief executive. More Stories By Jill She’s suing Stanford. She pushed for the union, believing the two companies would be stronger together during a turbulent time. 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. Blake mccormick owns viacom No, in 2006 CBS and Viacom split into two different companies. https://en.wikipedia.org/wiki/List_of_assets_owned_by_Viacom He overhauled the management of the moribund Paramount and tossed out senior TV executives. In terms of websites, Viacom owns, of course, Nick.com. 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. Investigative reporter Ronan Farrow revealed allegations of several women who accused Moonves of sexual misconduct in the 1980s and 1990s. Some experts say a harm-reduction approach to public health — educating people how to mitigate risk in their activities — would be more effective than all-or-nothing pleas to abstain from contact with other people. Warner Bros.’ 2021 movies: What will debut on HBO Max and in theaters? AT&T chief defends HBO Max after Christopher Nolan calls it the ‘worst’. Jill Goldsmith. Activision Blizzard sued Netflix for poaching its CFO Spencer Neumann in 2018, two years before his fixed contract was scheduled to end. Now, the challenge will be integrating two companies that have been separate for more than a decade. Viacom was owned by CBS. Her fight could be a milestone for employees’ rights. Pandemic is a win and a loss for Hollywood’s background actors. This spring, independent members of CBS’ and Viacom’s boards began discussing a merger. The Redstone family investment firm, National Amusements Inc., controls nearly 80% of CBS’ and Viacom’s voting shares. The Redstones prevailed, and Dauman, who presided over Viacom as its value plummeted, resigned. California coronavirus shutdown will last through Christmas as deaths explode past 20,000. Earlier this decade, two women had ensconced themselves in Sumner Redstone’s life and he lavished them with gifts valued at $150 million. In addition to MTV, Viacom also owns a number of other cable networks including VH1, Comedy Central and Nickelodeon. ViacomCBS Domestic Media Networks Formerly MTV Networks Viacom Media Networks Type Division IndustryEntertainment, cable and satellite television … Just a few years ago, Shari Redstone was on the outs of her family’s far-flung media empire. Talks were ongoing but collapsed when CBS’ management feared that she was trying to remove Moonves’ allies on the board. Copy Link … Hayley Hodson was a ‘dream athlete’ and top student. The following is a list of major assets that are owned by ViacomCBS. 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. 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. Many aren’t buying public officials’ ‘stay-at-home’ message. 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. “It might depend on where the stock goes over the next year or two,” Matthews said. “Shari has been pretty adamant about this combination,” said Daniel A. Lyons, a professor at Boston College Law School. Their strong working relationship ensures that Redstone no longer will be the subject of boardroom resistance. But some on CBS’ board were wary. Viacom and CBS reunite in $12 billion deal, but challenges abound. Sumner Redstone built his empire from a small regional chain of movie theaters. 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. 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. Former Viacom Inc. Chief Financial Officer Wade Davis agreed to buy a majority stake in Univision Communications Inc., a deal that follows years of … The merger highlights a long effort to unite CBS and Viacom as the media companies seek to compete with giants like … Its latest restored treasure: Bee Gees footage. Herzer’s lawsuit plunged National Amusements and Viacom into turmoil. In early 2018, Redstone again tried to get CBS to entertain the Viacom merger. InterStar Releasing (51% controlling stake), Viacom Music – music publisher affiliated with BMI, Simon451 – speculative fiction and fantasy imprint, DreamWorks Distribution, LLC – theatrical distribution arm of DreamWorks Pictures and DreamWorks Animation, DW Funding LLC – library holder of live-action DreamWorks films, Melange Pictures, LLC – library holder of, Wilshire Court Productions – made-for-TV movie division; library sold to CBS Corporation in 2006, George Cheeks (CEO, CBS Entertainment Group), This page was last edited on 9 December 2020, at 16:14. 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. The company's line of business includes the dissemination of visual and textual television programs on a subscription or fee basis. Since reentering her father’s life in late 2015, Redstone has vanquished more than a dozen men whom her father put in power. Her lawsuit against the company is testing the limits of the arbitration agreements that bind millions of American workers. At one point, controlled over 70% of the voting stock of Viacom, which is a subsidiary of National Amusements, his private family-owned company. The elderly mogul was reeling from one of the women’s betrayal and prone to crying spells. The changing economics have created a sense of urgency among major Hollywood studios to fortify themselves by bulking up. L.A. Times’ 101 Best Restaurants Reimagined for 2020, This year’s guide and launch event are presented by City National Bank, Volleyball star Hayley Hodson had it all, until blows to her head changed everything. 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. The deal is subject to regulatory approvals, but the new company is already taking shape. Shari Redstone, who helped engineer the merger, becomes the first chairwoman in Viacom’s history. Within six weeks, Moonves resigned. In late 2016, Bakish was named Viacom’s CEO and he began working to rebuild the company. Hollywood’s Fort Knox is Iron Mountain. Behind the scenes, Redstone was instrumental in refreshing the CBS board by bouncing veterans who were friends of her father’s. The political affiliations of Viacom's board and senior management, however, could undercut the credibility of any action the board may take. Her father, Sumner Redstone, once dismissed her publicly as a lightweight who contributed little to the business. In 1986, Viacom was acquired by its present owner, theater operator company National Amusements. And it still continues its aggressive acquisitions to beat the biggest rivals it has, Time Warner and Walt Disney. Channel 5 is wholly owned by Viacom International Media Networks, a division of Viacom Inc. 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