[40], In November 2016, Viacom bought Argentine television network Telefe. Use our free tool to get your score calculated in under 60 seconds. The second merger between Viacom and CBS Corporation, creating the combined company ViacomCBS (now Paramount Global), was announced on August 13, 2019; the merger was completed on December 4, 2019.[11][12][13]. fox news owner rupert murdoch chairman and ceo of global media holding company news corporation, the world's second-largest media conglomerate and its successors news [46], In 2011, Viacom established a shortlived, inhouse development studio known as 345 Games, which was dedicated primarily to developing games based on Comedy Central, MTV and Spike properties.[47]. By May 2019, the re-merger discussions were resumed as per reports by CNBC. MTV Networks was renamed Viacom Media Networks in 2011. [71], On May 23, 2018, Les Moonves stated that he considered the Viacom channels to be an "albatross," and while he favored more content for CBS All Access, he believed that there were better deals for CBS than the Viacom deal, such as Metro-Goldwyn-Mayer, Lionsgate or Sony Pictures. The involvement of Shari Redstone, the owner of National Amusements, instigated conflict between the two companies which led to CBS Corporation suing National Amusements for abusing her power in the company and forcing both CBS and Viacom to make a deal they werent in the favour of. Viacom also owns a number of comic book publishers, including Marvel Comics and Image Comics. By 2018, there were media reports that a re-merger was on the horizon. Sony is one of the oldest companies on this list since it was founded in 1946. Dauman would continue to serve as chairman until September 13. Jordan Levin would leave his position as CEO of AwesomenessTV following the acquisition. [41] In December 2016, the Viacom board appointed Bob Bakish as acting CEO. Privacy & Terms of Use While most people know NBC as just a television station, it also has major stakes in media companies around the world. [83] The complaint contended that almost 160,000 unauthorized clips of Viacom's programming were made available on YouTube and that these clips had collectively been viewed more than 1.5billion times. [35] On February 16, 2022, ViacomCBS was renamed as Paramount Global, and ViacomCBS Domestic Media Networks was renamed Paramount Media Networks.[36]. On May 21, 2007, Viacom entered into a 5050 joint venture with Indian media company Network 18 to form Viacom 18 which would house Viacom's existing channels in India: MTV, VH1 and Nickelodeon as well as Network 18's Bollywood movie business. The previous board of directors of Viacom were George S. Abrams, David Andelman, Joseph Califano, Jr., William Cohen, Philippe Dauman, Alan C. Greenberg, Charles Phillips, Shari Redstone, Sumner Redstone, Frederic Salerno, William Schwartz, and Robert D. Walter. Viacom 18 will pay 9.51 billion Indian rupees ($117 million) for the media rights of the women's Indian Premier League (IPL) for the next five years, the country's cricket board (BCCI) announced . [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. animation studio. The company owns hundreds of national, regional, and local newspapers around the world. Your email address will not be published. Since Shari is now well and truly in charge, she can apply her business plan in different ways. Viacom Inc. had its headquarters located at One Astor Plaza in Midtown Manhattan, New York City, and was the worlds ninth-largest media company in terms of revenue generated. We connect with billions of peoplethrough our studios, networks, streaming services, live events, merchandise, and more. Theyre the ones who get all the money from Viacom and CBS, so its like theyre both owners of the company now. The following is a list of major assets that are owned by Paramount Global. Thats enough money to give every American$1348.39. The division is split into three regional units: Former brands include TMF and VIVA which, along with digital properties Nitrome Limited, Shockwave, Addicting Games, Atom Films and Xfire, have either since merged with other networks, were shut down, or were sold off. His position was soon made permanent and he was also appointed as the president. Google and Viacom later agreed to allow Google to anonymize all the data before handing it over to Viacom. 1 Channel created by Warner-Amex Satellite Entertainment prior to 1984. For instance, there is a company that offers home photography packages to people who want to get the homes that theyve always wanted but never had the chance to get. Cable channels owned by Viacom Media Networks. Channel 5 is a British free-to-air public broadcast television channel launched in 1997. With a hand in television, film, music, and print, Murdoch is perhaps the most successful Australian entrepreneur to build an international empire. 21Channel was originally a division of Warner Communications and the original owner of MTV, and launched on January 1, 1985, in the former space of Turner's short-lived Cable Music Channel. Combined, they make up the lions share of NAs television and film acquisitions. MTV, VH1, CMT and Logo were reorganized into the "Entertainment & Youth Group",[33] with the addition of Comedy Central, Paramount Network, Smithsonian Channel, and TV Land. MTV Networks was renamed Viacom Media Networks in 2011. 666% increase in profit as it launched a turnaround plan, offers double speeds of Google Fiber for less money, they would be the 26th wealthiest country in the world. Sitemap. The spin-off was structured so that CBS Corporation would be the legal successor to the first Viacom, with the second Viacom being an entirely separated company.[4][5][6][7][8]. [82] On December 4, the deal was completed. [35], On January 22, 2014, Viacom established a marketing division, Viacom Velocity.[36]. By August the same year, CBS had acquired Viacom for $15.4 billion as per the re-merger deal. WebFX has been a pleasure to work with on our SEO needs and I look forward to working with them on future projects. And when they cant grow, they buy the smaller businesses that do. If youve been to the beach and bought a couple of towels, the beach towels might seem a bit ridiculous. Here is the list ofcompanies owned by Viacom. [25][26][27][28], In August 2019, Viacom announced that it would merge with CBS Corporation, reuniting the two entities under the new name ViacomCBS. Still, thats only a portion of what NA owns. Viacom owns Paramount Pictures and pay TV channels such as Comedy Central, MTV and BET, while CBS has a broadcast network, television stations, Showtime and a stake in The CW over-the-air network. ", "Viacom Unveils Five-Point Turnaround Plan (MESA)", "Viacom outlines five point turnaround plan", "Viacom Restructure: CMT, TV Land Moved to Kevin Kay's Global Entertainment Group", "Spike President On Channel's Rebranding As The Paramount Network", "Spike To Change Name & Become The Paramount Network In Viacom Rebranding", "Kevin Kay Exits Paramount Network as Viacom Reorganizes Cable Channels", "Viacom Acquires Free Streaming Platform Pluto TV for $340 Million", "Viacom Announces Completion of Pluto TV Acquisition", "Viacom Launching 14 Free Channels on Pluto TV, Sets Broad Digital Originals Slate", "Viacom will debut 15 channels on Pluto TV to bolster its upfront pitch", "Viacom, CBS Set to Merge in Early December", "Viacom-CBS Merger Now Expected to Close in 'Early December', "ViacomCBS shakes up its content leadership teams following merger", Viacom and CBS Announce Content and Digital Leadership, "ViacomCBS Shuffles Oversight of Pop TV, Bellator MMA Amid Post-Merger Restructuring (EXCLUSIVE)", "Michael Fabiani Upped To SVP Communications, Paramount Media Networks & MTV Entertainment Studios", "Smithsonian sells its stake in the Smithsonian Channel", "Virtual MTV Launches Alpha of Browser-Based Experience", "Once Considered a YouTube Rival, MTV Does Away With IFilm.com", "Viacom Makes a Web Video Bet, and Grabs a Piece of Defy Media", "MTV acquires Harmonix for USD $175 million", "A Glimpse Into Harmonix's Punk-Rock Design Process", "Exclusive: Titan Gaming Takes Xfire Off Viacom's Hands", "MTV Latin America Confirms Rock Band Thirty Seconds to Mars to Perform at MTV World Stage Mexico", "MTV Entertainment Studios unveils expansive lineup of 90+ new and returning series across Paramount Media Networks and Paramount+, including MTV, Comedy Central, VH1, CMT, Smithsonian Channel and Paramount Network", "Paramount Network Rebrands, Doubles Down on Movies and Minis (EXCLUSIVE)", "Paramount Movie Network Put On Ice As ViacomCBS Nixes Rebrand Plans For 'Yellowstone' Network", "Sarah Babineau & Keith Cox Promoted To Top Creative Posts At ViacomCBS' Entertainment & Youth Unit, Jonas Larsen Exits", "Second Chance Studios Graduates First Class of Formerly Incarcerated Fellows, Partnering with MTV Entertainment Group to Launch Media Careers", "NICKELODEON ESTABLISHES AVATAR STUDIOS, BRAND-NEW CONTENT DIVISION DEVOTED TO EXPANDING THE WORLD OF AVATAR: LAST AIRBENDER AND THE LEGEND OF KORRA | Nick Press", "Viacom, Hungry For Hits, Gobbles Garfield", "AwesomenessTV Debuts Young Adult Book Publishing Division Awesomeness Ink", "AwesomenessTV Launches Film Division (Exclusive)", "AwesomenessTV signs movie deal with Netflix, launches news brand", "Viacom Acquires VidCon, Boosting Live Event and Digital Businesses", "VidCon 2022 Announces Featured Creators & Free Livestream", France, Wallonia, French-speaking Switzerland, CIS, Ukraine and Georgia (previously Russia and Belarus), https://en.wikipedia.org/w/index.php?title=Paramount_Media_Networks&oldid=1133644543, Cable network groups in the United States, Broadcasting companies of the United States, Short description is different from Wikidata, Articles that may contain original research from March 2020, All articles that may contain original research, Articles needing additional references from November 2019, All articles needing additional references, Articles with multiple maintenance issues, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 3.0, ViacomCBS Domestic Media Networks (20192022), Chris McCarthy (President and CEO, Media Networks), Noggin (TV Channel) (19992009); replaced by the, Paramount Networks Southern Europe, Middle East, and Africa, This page was last edited on 14 January 2023, at 21:09. [15][16] MTV, Comedy Central and Nickelodeon were of most concern to investors as the three account for roughly 50% of Viacom's operating profit, estimated David Bank of RBC Capital Markets. A lot of people think that the majority of your home images are taken from their own homes. These brands include GameSpot, Metacritic, c|net, and 247-Sports. [28] Nickelodeon's American studios have also collaborated with Rainbow on multiple productions, including Winx Club and Club 57. The option of splitting the company into two publicly traded ones was also somewhat influenced by the rivalry between Tom Freston and Les Moonves, the heads of MTV and CBS networks respectively. Either she can go on acquiring small businesses which would eventually increase revenue and reduce competition but would take years, or she can build on the assets that the company still owns including Dreamworks and Paramount Pictures. 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