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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.
On May 9, 2023, Paramount restructured its U.S. domestic network business. [34] Near the end of 2023, Paramount announced that the mobile apps for Nickelodeon, Nick Jr., MTV, Comedy Central, Paramount Network, and Showtime would cease operations at on January 31, 2024. The reason was to encourage users to sign up for Paramount+.
Telemeter — spun off in 1966 after Gulf+Western bought Paramount; shut down in 1969; Tempo – sold to Frederick Morton Jr. in 2007; TriStar Pictures – joint venture with Time Inc.'s HBO and Columbia Pictures. In 1985, CBS sold a small percent of TriStar to Columbia and HBO.
ViacomCBS will change its corporate name to Paramount as of Feb. 16, calling the move an effort to adopt “an iconic global name” to reflect the conglomerate’s increasingly worldwide focus.
As of Jan. 8, 2024, Paramount Global will rebrand the linear Showtime cable network as Paramount+ With Showtime — the same name as the company’s top-tier streaming package.
Paramount Network is set to rebrand to the Paramount Movie Network as it plots a focus on television movies. The move is the latest change at ViacomCBS following the merger and comes after the ...
According to Paramount Global, the merger will inject significant capital into Paramount, helping to address its debt and enabling investments in new content and technologies. [44] It will support Paramount Global's expansion into other entertainment industries, such as animation, sports and video games, where it currently has less presence.
Meanwhile, the Paramount board’s special committee will review the joint Sony-Apollo offer, floating a $26 billion all-cash buyout premium, after the May 3 expiration of the Skydance negotiating ...