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Viacom then purchased Paramount Communications in 1994. In 1999, Viacom made its biggest acquisition to date by announcing plans to merge with its former parent CBS Corporation (the renamed Westinghouse Electric Corporation, which had merged with CBS in 1995).
The controlling shareholder of both companies was National Amusements, a theater company headed by businessman Sumner Redstone. The split was structured so that the original Viacom changed its name to CBS Corporation and spun out its cable and film interests as a new Viacom. [4][5][6][7][8]
9 Ιουλ 2024 · Discover who really owns Viacom in our in-depth article, exploring its ownership by National Amusements, Inc., and top institutional investors like BlackRock. Learn how the Redstone family's influence and strategic alliances shape the media giant's future.
26 Οκτ 2024 · In 1999 Viacom announced that it would acquire CBS Corporation; the merger was completed the following year. Viacom purchased Black Entertainment Television (BET) in 2001. However, a complicated split of Viacom and CBS took place in 2006, with Viacom retaining only MTV, BET, and Paramount Pictures.
13 Αυγ 2019 · By Claire Atkinson. After three years of negotiations, CBS and Viacom are coming together to form a $30 billion company, controlled by Shari Redstone and cementing her status as possibly the...
4 ημέρες πριν · It was formed in 2019 through the merger of Viacom and CBS and is a subsidiary of National Amusements, Inc. Originally known as ViacomCBS, the company was renamed Paramount Global in 2022. Its primary holdings are in film and television (including streaming services).
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.
