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Viacom was a distributor of CBS television series throughout the 1970s and 1980s, and also distributed syndicated television programs. The company went under Sumner Redstone's control in 1987 through his cinema chain company National Amusements. [3]
The second phase of Viacom Inc. (/ ˈ v aɪ ə k ɒ m / ⓘ VY-ə-kom or / ˈ v iː ə k ɒ m / VEE-ə-kom; a portmanteau of Video & Audio Communications), was an American multinational mass media and entertainment conglomerate with interests primarily in film and television.
- What It Will Own
- Why It’S Happening
- What’s Next?
- What Does It Mean For Viewers?
The newly merged company will house a host of valuable media assets. Under CBS Corporation, the larger of the two companies, are the CBS broadcast network, local TV stations, the premium pay-TV channel Showtime, Network Ten in Australia, 50 percent of the CW Network with WarnerMedia, and the book publisher Simon & Schuster. Viacom owns Paramount Pi...
CBS and Viacom will need their greater size to compete with heavyweight rivals such as Netflix — which has 151 million paid subscribers — but also with Amazon, Disney, Hulu and a dizzying array of new entrants such as WarnerMedia's HBO Max and a new streaming service from Comcast’s NBCUniversal. (NBCUniversal is the parent company of NBC News.) The...
The CBS-Viacom merger is the culmination of at least three years of discussions. Earlier talks foundered after the CBS board and Les Moonves, the company's former chief executive officer, initiated a corporate coup, attempting to dilute the power of the Redstone family, which holds the majority of voting shares in Viacom and CBS via National Amusem...
Together, CBS and Viacom will offer a plethora of paid and free streaming services. And while other companies such as Disney have been yanking content from Netflix, CBS and Viacom are eager sellers to their competitors. But the bottom line is shifting ever higher as companies battle for viewers. “The media company of the future, if it wants to be v...
The 2019 merger of CBS Corporation and Viacom was announced on August 13, 2019, and was completed on December 4, 2019. The merger of equals reunited CBS Corporation and Viacom into a single company known as ViacomCBS (today known as Paramount Global) after their separation from the first incarnation of Viacom on December 31, 2005.
Feb 15, 2022 · That’s the new name of ViacomCBS (VIACA), the company announced on Tuesday. The new name will take effect on February 16 as the company celebrates Paramount+ — its streaming service, which ...
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Feb 20, 2020 · With Pluto TV as our free offering and Showtime OTT as our premium pay product, we will expand CBS All Access to serve the broad pay streaming segment. This differentiated service will reaffirm and grow the value of entertainment, news and sports content – through on demand and live experiences – for audiences worldwide.
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Feb 15, 2022 · ViacomCBS has renamed itself Paramount in a nod to the company’s historic moviemaking past — and its streaming future. Chairwoman Shari Redstone announced the name change this week during a...
