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However Paramount retains the rights to the studio's pre-2011 back-catalog. DreamWorks Home Entertainment; DreamWorks Television – television production division of DreamWorks. Go Fish Pictures – indie film label, shut down in 2007. Epix – Metro-Goldwyn-Mayer acquired Viacom's stake in the network in 2017
Viacom then purchased Paramount Communications in 1994. In 1999, Viacom made its biggest acquisition to date by announcing plans to merge with its former parent CBS Corporation (the renamed Westinghouse Electric Corporation, which had merged with CBS in 1995). The merger was completed in 2000, resulting in CBS reuniting with its former ...
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.
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.
In 1993, Sumner Redstone's entertainment conglomerate Viacom made a bid for a merger with Paramount Communications; this quickly escalated into a bidding war with Barry Diller's QVC. But Viacom prevailed, ultimately paying $10 billion for the Paramount holdings. Viacom and Paramount had planned to merge as early as 1989. [74]
Viacom described this as a "temporary slimdown" until a new carriage deal with DirecTV was reached. [34] Viacom and DirecTV reached an agreement on July 20 to return the interrupted programming. [35] In 2012 CEO Phillip Dauman began to report Viacom's intentions to bundle past programming and make it available on-demand via services like Hulu. [36]
Why does Paramount now need 3? Sheryl Estrada. May 1, 2024 at 6:57 AM. ... Bakish joined Viacom in 1997 and became CEO in 2016. A merger of Viacom and CBS made him CEO of ViacomCBS in 2019, ...
On August 27, 1985, Warner sold 31% of MTV Networks to Viacom, with Warner also selling 19% of its Showtime/The Movie Channel, Inc. joint to Viacom as well. [5] [6] In November 1985, Viacom announced that it had plans to buy the remaining 69% of MTV Networks from Warner for $326 million, [7] and the acquisition was completed on May 20, 1986. [8]