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Paramount Media Networks is the division of Paramount Global that oversees the operations of its television channels and online brands. The division was originally founded as MTV Networks in 1984, named after the MTV cable network. [1] It would be known under this name until 2011; when it would be thereafter known as Viacom Media Networks until ...
Paramount International Networks encompasses certain international versions of their television channels split into three regional hubs: United Kingdom and Australia, Europe, Middle East, Africa and Asia (EMEAA), and the Americas, as well as region-specific networks (such as Channel 5 in the United Kingdom, Network 10 in Australia, Telefe in ...
The deal closed in 2001, with BET Holdings' networks becoming part of MTV Networks; but was eventually placed under BET Networks. In 2005, Robert Johnson retired as CEO, and was replaced with Debra L. Lee. Around the same time, Viacom was looking into splitting into two entities following multiple issues surrounding the company.
The second Viacom operated Viacom Media Networks, through which it controlled approximately 170 networks and reached approximately 700 million subscribers in approximately 160 countries. [9] Viacom's studio assets included Paramount Pictures , MTV Films , and Nickelodeon Animation Studio , as well as a 30% ownership stake in the Rainbow S.p.A ...
[7] [8] The original Viacom became the second CBS Corporation as it kept CBS, Simon & Schuster, [9] and Paramount Network Television (now CBS Studios), among other assets, while MTV Networks, BET Media Group, and Paramount Pictures were spun-off to a sister company under the Viacom name. The second iterations of Viacom and CBS Corporation ...
Viacom's share acquisition 2018–2019 The company also owns Viacom18 Studios . On 31 January 2018, TV18 announced its acquisition of Viacom's majority in the joint venture, taking operational control and leaving Viacom with a minority interest. [ 7 ]
Two weeks later on August 26, Viacom acquired Warner Communications and Warner-Amex's combined 50% ownership interest in Showtime/The Movie Channel, Inc. as well as full ownership of the Warner-Amex and public shareholder interests in MTV Networks for $671.7 million, giving Viacom exclusive ownership of both networks and once again making it ...
On December 31, 2005, American mass media company Viacom split into two companies: the second CBS Corporation, its successor (the first being a short lived rename of Westinghouse Electric) which held the namesake flagship channel CBS, CBS News, CBS Sports, Showtime Networks, UPN (merged with The WB to form the CW, co-owned by Time Warner), Smithsonian Channel, Simon and Schuster, Infinity ...