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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 August 13, 2019, CBS and Viacom officially announced their merger; the combined company was to be named ViacomCBS, with Shari Redstone serving as chair. [11] [12] [13] Upon the merger agreement, Viacom and CBS jointly announced that the transaction is expected to close by the end of 2019, pending regulatory and shareholder approvals. [13]
On October 28, 2021, ViacomCBS announced that they had agreed to acquire a majority stake in the Spanish-language content producer TeleColombia & Estudios TeleMexico. [62] On November 30, 2021, ViacomCBS announced that they had agreed to sell the CBS Studio Center to Hackman Capital Partners and Square Mile Capital Management for $1.85 billion ...
CBS Corporation (this is the second incarnation of the company, with the first being a short-lived rename of the Westinghouse Electric Corporation) was an American multinational media company with interests primarily in commercial broadcasting, publishing, and television production.
On Tuesday, ViacomCBS Inc said it would rebrand its expanded CBS All Access streaming service as "Paramount+" in early 2021, as it seeks to compete against rivals including Netflix Inc, Walt ...
Paramount Networks Americas (PNA) [citation needed] (formerly MTV Networks Latin America, Viacom International Media Networks The Americas, then ViacomCBS Networks Americas) is a subsidiary of Paramount Global.
Paramount Consumer Products (formerly Nickelodeon & Viacom Consumer Products, then ViacomCBS Consumer Products) is the retailing and licensing division of Paramount Global. The department is in charge of merchandising for Paramount-owned brands.
Paramount's future looks as uncertain as the ending to a blood and guts horror movie."I will say Paramount as a company is quite impaired at this point," Candle Media co-founder Kevin Mayer told ...