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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. [40] [41] [42] 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. [42]
Orion Pictures - other stake acquired by Viacom in 1986, subsequently it sold to Metromedia in 1987; currently owned by Amazon (through Amazon MGM Studios). Rainbow S.p.A. – 30% stake purchased by Viacom in 2011 re-acquired by Iginio Straffi in 2023 Gruppo Iven S.p.A. Colorado Film; Bardel Entertainment; Rainbow CGI; Moviement Talent Agency ...
[48] [49] As part of the re-merger deal, CBS acquired Viacom for up to $15.4 billion. [50] On August 13, 2019, CBS and Viacom agreed to merge into a new entity known as ViacomCBS (now Paramount Global), with Viacom CEO Bob Bakish as president and CEO of the new company and CBS CEO Ianniello as chairman and CEO of CBS and oversee CBS-branded ...
However, on August 7, 2019, both CBS and Viacom delayed their merger announcement as the two companies reported the quarterly earnings, though the talks about the re-merger continues. [80] [81] On August 13, 2019, CBS and Viacom officially announced their merger; CBS would purchase Viacom and change its name to ViacomCBS (now Paramount Global ...
12 Channel originally owned by the first incarnation of Viacom, and earlier with former partner Warner-Amex, and later became part of CBS Corporation following Viacom's split in 2006. Showtime was established in 1976, and The Movie Channel was established in 1973 as Star Channel and relaunched under its current name in 1979.
NBCUniversal Media, LLC (abbreviated as NBCU and doing business as simply NBCUniversal or Comcast NBCUniversal since 2013) is an American multinational mass media and entertainment conglomerate that is a subsidiary of Comcast and is headquartered at 30 Rockefeller Plaza in Midtown Manhattan in New York City.
In 2002, Viacom traded UPN stations KTXH in Houston and WDCA in Washington, D.C. to Fox in exchange for KBHK-TV (now KPYX) in San Francisco, one of the former Chris-Craft stations, resulting in the creation of a duopoly with CBS-owned KPIX. Viacom also bought independent Los Angeles station KCAL-TV in 2002, [33] creating a duopoly with CBS ...