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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]
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.
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.
In their last outings as leaders of ViacomCBS, the executive team led by Shari Redstone and Bob Bakish finally started to sound like they have a solid plan to compete in streaming. On the day ...
ViacomCBS today confirmed Paramount+ as the new name for the company’s CBS All Access streaming service. The rebrand, which takes effect in early 2021, had been reported in recent weeks and ...
[27] [28] Announced on November 11, 2019, as part of the re–merger, the Media Networks division was renamed ViacomCBS Domestic Media Networks, and reorganized. MTV, VH1, CMT and Logo were reorganized into the "Entertainment & Youth Group", [ 29 ] with the addition of Comedy Central, Paramount Network, Smithsonian Channel , and TV Land.
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 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.