Paramount Global
Get Paramount Global essential facts below. View Videos or join the Paramount Global discussion. Add Paramount Global to your PopFlock.com topic list for future reference or share this resource on social media.
Paramount Global

Paramount Global
Paramount
FormerlyViacomCBS Inc. (2019-2022)
TypePublic
ISINUS92556H2067
Industry
Predecessors
FoundedDecember 4, 2019; 3 years ago (2019-12-04)
HeadquartersOne Astor Plaza, Manhattan,
Area served
Worldwide
Key people
Products
Services
RevenueIncrease US$29.72 billion (2022)
Decrease US$5.14 billion (2022)
Decrease US$3.49 billion (2022)
Decrease US$56.96 billion (2022)
Increase US$23.28 billion (2022)
OwnerNational Amusements[a]
Number of employees
Divisions
Subsidiaries
Websitewww.paramount.com
Footnotes / references
[2][3]

Paramount Global[b] (doing business as Paramount)[4] is an American multinational mass media and entertainment conglomerate owned and operated by National Amusements (79.9%) and headquartered at One Astor Plaza in Midtown Manhattan, New York. It was formed on December 4, 2019, as ViacomCBS Inc. through the re-merger of the second incarnation of CBS Corporation and the second incarnation of Viacom[5] (which were split from the original incarnation of Viacom in 2006). On February 16, 2022, during its Q4 earnings presentation, the company announced that it would change its name to Paramount Global.[6]

Paramount's main properties include the namesake Paramount Pictures film and television studio, the CBS Entertainment Group (consisting of the CBS and The CW television networks, television stations, and other CBS-branded assets), media networks (consisting of U.S.-based cable television networks including MTV, Nickelodeon, BET, Comedy Central, VH1, CMT, Paramount Network and Showtime) and the company's streaming services (including Paramount+, Showtime OTT and Pluto TV). It also has a dedicated international division that manages international versions of its pay TV networks, as well as region-specific assets including Argentina's Telefe, Chile's Chilevisión, the United Kingdom's Channel 5, Australia's Network 10 and a 30% stake in the Rainbow S.p.A. studio in Italy.[7]

As of 2019, the company operates over 170 networks and reaches approximately 700 million subscribers in 180 countries.[8]

Background

Original Viacom logo (1990-2005)
CBS Corporation logo (2005-2019)
Spun-off Viacom logo (2005-2019)

Paramount Pictures, CBS, and Viacom each had a history of being associated with one another through a series of various corporate mergers and splits.[9] Paramount Pictures was founded in 1912 as the Famous Players Film Company.[10] CBS was founded in 1927, which Paramount Pictures held a 49 percent ownership stake in from 1929 to 1932.[11][12] In 1952, CBS formed CBS Television Film Sales, a division which handled syndication rights for CBS's library of network owned television series. This division was renamed CBS Films in 1958, and again renamed CBS Enterprises Inc. in January 1968, and finally renamed Viacom (an acronym of Video and Audio Communications) in 1970. In 1971, this syndication division was spun off amid new FCC rules forbidding television networks from owning syndication companies (these rules were eventually abolished completely in 1993).[13] In 1985, Viacom purchased MTV Networks and Showtime/The Movie Channel Inc. from Warner Communications and American Express.[14] In 1986, Viacom was acquired by its present owner, theater operator company National Amusements.

Meanwhile, Paramount Pictures was acquired by Gulf and Western Industries in 1966, which then re-branded itself as Paramount Communications in 1989.[15] 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 merger was completed in 2000, resulting in CBS reuniting with its former syndication division. On January 3, 2006, Viacom was split into two companies: CBS Corporation, the former's corporate successor and the spun-off Viacom company.[16]

History

The evolution of Paramount
1912Paramount Pictures is founded
1927CBS is founded
1929Paramount buys 49% of CBS
1932Paramount sells back shares of CBS
1950Desilu is founded & CBS distributes its television programs
1952CBS creates the CBS Television Film Sales division
1958CBS Television Film Sales renamed as CBS Films
1966Gulf+Western buys Paramount
1968Gulf+Western acquires Desilu and renames it Paramount Television & CBS Films becomes CBS Enterprises
1970CBS Enterprises renamed as Viacom
1971Viacom is spun off from CBS as a separate company
1985Viacom buys full ownership of Showtime & MTV Networks
1986National Amusements buys Viacom
1989Gulf+Western renamed as Paramount Communications
1994Viacom acquires Paramount Communications
1995Westinghouse buys CBS
1997Westinghouse renamed as CBS Corporation
1999Viacom buys CBS Corporation
2001Viacom buys BET Networks
2006Viacom splits into second CBS Corporation and Viacom
2019CBS Corporation and Viacom re-merge to form ViacomCBS
2022ViacomCBS changes its name to Paramount Global

Formation

On September 29, 2016, National Amusements, the parent company of CBS Corporation and Viacom, wrote to Viacom and CBS encouraging the two companies to merge back into one company.[17] On December 12, the deal was called off.[18]

On January 12, 2018, CNBC reported that Viacom had re-entered talks to merge back into CBS Corporation, after the merger of AT&T-Time Warner and Disney's proposed acquisition of most of 21st Century Fox's assets were announced. Viacom and CBS also faced heavy competition from companies such as Netflix and Amazon.[19] Shortly afterward, it was reported that the combined company could be a suitor for acquiring the film studio Lionsgate.[20] Viacom and Lionsgate were both interested in acquiring The Weinstein Company.[21] Following the Weinstein effect, Viacom was listed as one of 22 potential buyers that were interested in acquiring TWC.[21] They lost the bid, and on March 1, 2018, it was announced that Maria Contreras-Sweet would acquire all of TWC's assets for $500 million.[22][23] Lantern Capital would later acquire the studio.

On March 30, 2018, CBS made an all-stock offer slightly below Viacom's market value, insisting that its existing leadership, including long-time chairman and CEO Les Moonves, oversee the re-combined company. Viacom rejected the offer as too low, requesting a $2.8  billion increase and that Bob Bakish be maintained as president and COO under Moonves. These conflicts had resulted from Shari Redstone seeking more control over CBS and its leadership.[24][25]

Eventually, on May 14, 2018, CBS Corporation sued its and Viacom's parent company National Amusements and accused Redstone of abusing her voting power in the company and forcing a merger that was not supported by it or Viacom.[26][27] CBS also accused Redstone of discouraging Verizon Communications from acquiring it, which could have been beneficial to its shareholders.[28]

On May 23, 2018, Les Moonves explained 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. Moonves also considered Bakish a threat because he did not want an ally of Shari Redstone as a board member of the combined company.[29]

On September 9, 2018, Les Moonves exited CBS following multiple accusations of sexual assault. National Amusements agreed to not propose a CBS-Viacom merger for at least two years after the date of the settlement.[30]

On May 30, 2019, CNBC reported that CBS Corporation and Viacom would explore merger discussions in mid-June 2019. CBS's board of directors was revamped with people who were open to merging; the re-merger was made possible with the resignation of Moonves, who had opposed all merger attempts. The talks had started following rumors of CBS acquiring Starz from Lionsgate.[31] Reports said that CBS and Viacom reportedly set August 8 as an informal deadline for reaching an agreement to recombine the two media companies.[32][33] CBS announced to acquire Viacom as part of the re-merger deal for up to $15.4 billion.[34]

On August 2, 2019, it was reported that CBS and Viacom agreed to merge back into one entity, with both companies agreeing on the management team for the merger. Bob Bakish would serve as CEO of the combined company with the president and acting CEO of CBS, Joseph Ianniello, overseeing CBS-branded assets.[35] On August 7, 2019, CBS and Viacom separately reported their quarterly earnings as the talks about the re-merger continued.[36][37]

Initial operations

ViacomCBS logo (2019-2020). Shown here is the initial 2019 version. From 2020-2022, the color words were inverted.
ViacomCBS logo (2020-2022). 2020 variation of the logo, used until the rebranding.

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.[38][39][40] 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.[40] The merger required approval by the Federal Trade Commission.[40]

On October 28, 2019, the merger was approved by National Amusements, which then announced the deal would close in early December; the recombined company trades its shares on Nasdaq under the symbols "VIAC" and "VIACA" after CBS Corporation delisted its shares on the New York Stock Exchange.[41][42]

On November 25, 2019, Viacom and CBS announced the merger would close on December 4 and begin trading on NASDAQ on next day.[43][44] On December 4, 2019, Bakish confirmed that the ViacomCBS merger had closed.[45]

On December 10, 2019, days after the merger, Bakish announced that ViacomCBS would look to divest Black Rock, the building that held CBS's headquarters since 1964. He stated, "Black Rock is not an asset we need to own and we believe that money would be put to better use elsewhere."[46] On December 20, 2019, ViacomCBS agreed to acquire a 49% minority stake in film studio Miramax from beIN Media Group for $379 million. As part of the purchase, Paramount Pictures reached a long-term deal for exclusive distribution rights to its library, and first-look agreements to co-develop new film and television projects based on Miramax-owned properties.[47]

On March 2, 2020, executive vice president Dana McClintock announced that he would depart the company after 27 years in CBS Communications.[48] On March 4, the company announced plans to potentially sell its Simon & Schuster publishing unit, with Bakish arguing that it lacked a "significant connection for our broader business."[49]

On June 19, 2020, Jaime Ondarza, formerly the senior vice president of Turner Broadcasting South Europe and Africa, became the new head of ViacomCBS Networks International for France, Spain, Italy, the Middle East, Greece, and Turkey.[50]

On August 4, 2020, ViacomCBS announced that the company's connected video advertising platform, EyeQ, is set to launch in fall 2020.[51]

On September 14, 2020, ViacomCBS announced an agreement to sell the CBSi owned CNET Media Group to Red Ventures for $500 million. The deal included the eponymous CNET tech site, as well as ZDNet, GameSpot, the TV Guide digital assets, Metacritic, and Chowhound.[52][53] The deal closed on October 30, 2020.[54]

On November 17, 2020, various news outlets had reported that companies such as Vivendi, Bertelsmann's Penguin Random House and News Corp's HarperCollins had considered acquiring Simon & Schuster for as much as $1.7 billion. ViacomCBS had expected the bids to be placed before November 26.[55] On November 25, 2020, Penguin Random House agreed to purchase Simon & Schuster for $2.175 billion;[56] however, the deal was blocked two years later by U.S. federal judge Florence Y. Pan.[57] On August 16, 2021, ViacomCBS announced that they had agreed to sell the CBS Building to the real estate investment and management firm Harbor Group International for $760 million, leasing the space back under a short-term lease.[58] On September 28, 2021, ViacomCBS announced that they had agreed to partner with software and data firm VideoAmp.[59] On October 28, 2021, ViacomCBS announced that they had agreed to acquire a majority stake in the Spanish-language content producer TeleColombia & Estudios TeleMexico.[60] On November 30, 2021, ViacomCBS announced that they had agreed to sell the CBS Studio Center to Hackman Capital Partners and Square Mile Capital Management for $1.85 billion.[61]

On January 5, 2022, The Wall Street Journal reported that WarnerMedia and ViacomCBS were exploring a possible sale of either a majority stake or all of The CW, and that Nexstar Media Group (which became The CW's largest affiliate group when it acquired former WB co-owner Tribune Broadcasting in 2019) was considered a leading bidder.[62] The news led to speculation that, should a sale take place, new ownership could steer the network in a new direction, transforming The CW from a young adult-oriented network into one that featured more unscripted and even national news programming.[63] However, reports also indicated that WarnerMedia and ViacomCBS could include a contractual commitment that would require any new owner to buy new programming from those companies, allowing them to reap some continual revenue through the network.[64] Network president/CEO Mark Pedowitz confirmed talks of a potential sale in a memo to CW staffers, but added that "It's too early to speculate what might happen" and that the network "must continue to do what we do best."[65][66]

Rebranding

On February 15, 2022, during a presentation to investors, ViacomCBS announced that it would change its name to Paramount Global (effectively retiring the Viacom name after 52 years dating back to the original company founded in 1971) beginning the following day; in a memo to staff announcing the change, it was stated that the rebranding was intended to leverage the "iconic global name", and would "reflect who we are, what we aspire to be, and all that we stand for." The company will primarily do business as simply "Paramount".[67] In May 2022, Berkshire Hathaway had acquired a $2.6 billion stake in Paramount.[68]

On August 15 Nexstar confirmed it had "entered into a definitive agreement" to acquire a 75% majority share in The CW; the remaining 25% would be shared equally by Paramount Global (the former ViacomCBS) and Warner Bros. Discovery (the company resulting from Discovery's acquisition of WarnerMedia). Additionally, Nexstar indicated that Mark Pedowitz would remain the network's chairman and CEO and have "responsibility for day-to-day operations. Though no monetary terms were announced, Nexstar reportedly would not pay any cash or stock up front, and would absorb approximately $100 million of network debt.[69][70] As the sale does not entail the transfer of any FCC broadcast licenses (unlike the "Big Four" networks, The CW does not directly own any of its affiliates), no regulatory approvals are required, only customary financial closing conditions expected to be cleared in Nexstar's fiscal third quarter, i.e. by the start of October 2022; as such, Nexstar immediately took operational control of the network on August 15. On October 3, it was officially announced Nexstar closed the deal to acquire the majority ownership of The CW, and that longtime CEO Mark Pedowitz would be stepping down, planning to revive his production company Pine Street Entertainment, Dennis Miller will take his role as president of The CW.[71][72]

Company units

Paramount Global comprises five major units:

Other assets owned by Paramount include Simon & Schuster (book publisher), VidCon (multi-genre online video conference) and Bellator (mixed martial arts promoter). The company also has an undisclosed stake in FuboTV, which acquired in 2020.[76]

Notes

  1. ^ National Amusements owns 79.9% of the voting power, and a 9.7% overall equity interest in the company.[1]
  2. ^ Exact name as shown on the Delaware corporations registry under file no. 2106821.

References

  1. ^ "2021 Proxy Statement". ViacomCBS, Inc. Retrieved 2022.
  2. ^ "SEC Filing - ViacomCBS Inc". ViacomCBS.
  3. ^ "Paramount Global Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. February 15, 2022.
  4. ^ Goldsmith, Jill (February 15, 2022). "ViacomCBS To Rebrand, New Name Is 'Paramount'". Deadline Hollywood. Retrieved 2022.
  5. ^ "CBS and Viacom Reveal December Merger Date". November 25, 2019.
  6. ^ Baccardax, Martin. "ViacomCBS Stock Plunges After Q4 Earnings Miss, Paramount Name Change". TheStreet. Retrieved 2022.
  7. ^ Roxborough, Scott; Brzeski, Patrick (May 24, 2021). "Why Local-Language Adaptations Are the Next Round of Remakes". The Hollywood Reporter. ViacomCBS counts Argentina's Telefe and producer Iginio Straffi's Italian TV shingle Rainbow, in which it has a 30 percent stake, among its global assets.
  8. ^ "ViacomCBS | Company Profile". Vault. Retrieved 2021.
  9. ^ Spencer, Samuel (February 16, 2022). "Did Paramount Buy ViacomCBS? The Reason Behind the Company's Name Change". Newsweek.
  10. ^ Abel, Richard (1994). The Ciné Goes to Town: French Cinema, 1896-1914. University of California Press. p. 10. ISBN 0-520-07936-1.
  11. ^ Laurence Bergreen (1980). Look Now, Pay Later: The Rise of Network Broadcasting. New York City: Doubleday and Co. p. 61. ISBN 978-0-451-61966-2.
  12. ^ Erik Barnouw (1966). A Tower in Babel: A History of Broadcasting in the United States to 1933. New York City: Oxford University Press. p. 261. ISBN 978-0-19-500474-8.
  13. ^ D. Croteau; W. Hoynes (2006). The Business of Media: Corporate Media and the Public Interest. Thousand Oaks, California: Pine Forge Press. pp. 100-101.
  14. ^ Fabrikant, Geraldine (September 17, 1986). "VIACOM CHIEF LEADS GROUP'S BUYOUT BID (Published 1986)". The New York Times. ISSN 0362-4331. Retrieved 2021. In November 1985, Viacom acquired MTV for $326 million in cash and warrants. One-third of MTV was publicly owned; the rest was owned by Warner Communications and the American Express Company. At the same time, Viacom bought the 50 percent of Showtime, the pay television service, that it did not already own for $184 million.{{cite news}}: CS1 maint: url-status (link)
  15. ^ Williams, Linda (April 10, 1989). "Gulf & Western Wants Buyer for Finance Division: Paramount's Parent Plans to Change Name, Focus on Entertainment, Publishing". Los Angeles Times. Archived from the original on June 26, 2013.
  16. ^ "CBS And Viacom Complete Merger". CBS News. Retrieved 2021.
  17. ^ Szalai, George (September 29, 2016). "National Amusements Proposes Viacom, CBS Reunion, Cites "Substantial Synergies"". The Hollywood Reporter. Retrieved 2016.
  18. ^ "Shari Redstone withdraws CBS-Viacom merger proposal". CNBC. December 12, 2016. Retrieved 2016.
  19. ^ Wang, Christine (January 12, 2018). "Viacom, CBS shares surge after report Shari Redstone pursuing merge of companies". CNBC. Retrieved 2018.
  20. ^ Busch, Anita; Chmielewski, Anita (January 17, 2019). "Lionsgate Ripe For Takeover As Amazon, Verizon and CBS-Viacom Emerge As Potential Suitors". Deadline Hollywood. Retrieved 2018.
  21. ^ a b "Weinstein Co Talking to 22 Buyers, $300 Million Expected Price, Bob Weinstein Must Exit". The Wrap. October 26, 2017. Retrieved 2017.
  22. ^ Ryan Faughnder (March 1, 2018). "Former Obama administration official has reached a deal to buy Weinstein Co. assets". Los Angeles Times. Retrieved 2018.
  23. ^ Chmielewski, Dawn (March 2, 2018). "TWC Board, New York AG Confirm Maria Contreras-Sweet Group Has Acquired Weinstein Company Assets". Deadline Hollywood. Retrieved 2018.
  24. ^ "Moonves vs. Redstone: Inside the Poisonous War for Control of CBS and Viacom". The Hollywood Reporter. Retrieved 2018.
  25. ^ Littleton, Cynthia (April 11, 2018). "Could CBS-Viacom Strife Cause Leslie Moonves to Walk Away?". Variety. Retrieved 2018.
  26. ^ "CBS Sues Redstones' Firm in Escalation of Longstanding Fight". Bloomberg L.P. May 14, 2018. Retrieved 2018.
  27. ^ Chmielewski, Dawn C. (May 14, 2018). "National Amusements Fires Back at CBS Suit, Says It's "Outraged" By Allegations". Deadline Hollywood. Retrieved 2018.
  28. ^ Chmielewski, Dawn C. (May 14, 2018). "Verizon Expressed Interest in Acquiring CBS Before Viacom Talks Heated Up". Deadline Hollywood. Retrieved 2018.
  29. ^ Bond, Paul (May 23, 2018). "Behind Leslie Moonves' Crusade to Save CBS From Viacom". The Hollywood Reporter. Retrieved 2022.
  30. ^ Parker, Ryan (September 9, 2018). "Leslie Moonves Exits CBS After Being Accused of Sex Crimes, Violence by More Women". The Hollywood Reporter. Retrieved 2022.
  31. ^ James, Meg (May 30, 2019). "CBS and Viacom merger negotiations expected to resume". Los Angeles Times. Retrieved 2019.
  32. ^ Munson, Ben (July 16, 2019). "CBS, Viacom set early August deadline for re-merger agreement - report". FierceVideo. Retrieved 2019.
  33. ^ Littleton, Synthia (July 19, 2019). "CBS, Viacom Boards Wrestle With Post-Merger Management Decisions, Ending COO Role (EXCLUSIVE)". Variety. Retrieved 2019.
  34. ^ Bond, Paul; Szalai, Georg (July 19, 2019). "Shari Redstone's Vision of a Merged CBS-Viacom Begins to Take Shape". The Hollywood Reporter. Retrieved 2022.
  35. ^ "CBS, Viacom Reach Tentative Deal on Team to Lead Combined Company". The Wall Street Journal. August 2, 2019. Retrieved 2019.
  36. ^ Lafayette, Jon (August 7, 2019). "CBS-Viacom Deal Won't Make Deadline". Broadcasting & Cable. Retrieved 2022.
  37. ^ Bouma, Luke (August 7, 2019). "CBS & Viacom's Merger Announcement is Reportedly Delayed as Talks Continue". Cord Cutters News.
  38. ^ Gasparino, Charles; Moynihan, Lydia (August 13, 2019). "CBS, Viacom agree to merge, forming a $28B entertainment firm". Fox Business. Retrieved 2019.
  39. ^ Szalai, George; Bond, Paul; Vlessing, Etan (August 13, 2019). "CBS, Viacom Strike Deal to Recombine". The Hollywood Reporter. Retrieved 2022.
  40. ^ a b c "CBS and Viacom To Combine" (PDF). CBS. August 12, 2019. Archived from the original (PDF) on August 13, 2019. Retrieved 2019.
  41. ^ Steinberg, Brian (October 28, 2019). "Viacom, CBS Set to Merge in Early December". Variety. Retrieved 2019.
  42. ^ Weprin, Alex (October 29, 2019). "Viacom-CBS Merger Now Expected to Close in 'Early December'". Billboard. Retrieved 2019.
  43. ^ "CBS Corporation and Viacom Inc. Announce Expected Closing Date of Merger". businesswire.com. November 25, 2019. Retrieved 2019.
  44. ^ "CBS and Viacom Reveal December Merger Date - Mark Your Calendars". November 25, 2019.
  45. ^ Weprin, Alex (December 4, 2019). "Bob Bakish's Memo to ViacomCBS Staff: Merger "A Historic Moment"". The Hollywood Reporter. Retrieved 2022.
  46. ^ Weprin, Alex (December 9, 2019). "CBS' Historic New York Headquarters to Be Sold". The Hollywood Reporter. Retrieved 2022.
  47. ^ Szalai, Georg (December 20, 2019). "ViacomCBS to acquire 49 percent stake in Miramax for $375 million". The Hollywood Reporter. Retrieved 2022.
  48. ^ Patten, Dominic (March 2, 2020). "CBS Communications Chief Dana McClintock To Exit This Summer After 27 Years At Company". Deadline. Retrieved 2020.
  49. ^ Baysinger, Tim (March 4, 2020). "ViacomCBS to Sell Publisher Simon and Schuster". TheWrap. Retrieved 2020.
  50. ^ "ViacomCBS hires former Turner exec Jaime Ondarza for Europe role". TBI Vision. June 19, 2020. Retrieved 2020.
  51. ^ Hayes, Dade (August 4, 2020). "ViacomCBS Sets Launch Of EyeQ, A Comprehensive Offering For Advertisers". Deadline Hollywood. Retrieved 2020.
  52. ^ Hayes (September 14, 2020). "Red Ventures acquires CNET Media Group from ViacomCBS for $500M". TechCrunch. Retrieved 2020.
  53. ^ Mullin, Benjamin (September 14, 2020). "WSJ News Exclusive | ViacomCBS to Sell CNET to Red Ventures for $500 Million". The Wall Street Journal. ISSN 0099-9660. Retrieved 2020.
  54. ^ "Red Ventures Announces Closing of Acquisition of CNET Media Group". PR Newswire. October 30, 2020. Retrieved 2020.
  55. ^ Goldsmith, Jill (November 17, 2020). "Simon & Schuster Bids Due by Thanksgiving; News Corp., Bertelsmann, Vivendi Contenders for ViacomCBS Publisher". Deadline. Retrieved 2020.
  56. ^ Whitten, Sarah (November 25, 2020). "ViacomCBS Sells Simon & Schuster to Penguin Random House for $2 billion". CNBC. Retrieved 2020.
  57. ^ Alter, Alexandra; Harris, Elizabeth A. (October 31, 2022). "Judge Blocks a Merger of Big Publishers". The New York Times. ISSN 0362-4331.
  58. ^ Goldsmith, Jill (August 16, 2021). "ViacomCBS Sells Black Rock Building In Midtown Manhattan To Harbor Group For $760 Million". Deadline Hollywood.
  59. ^ Hayes, Dade (September 28, 2021). "ViacomCBS Teams With VideoAmp To Explore Alternative TV Ad Currency". Deadline Hollywood.
  60. ^ Goldsmith, Jill (October 28, 2021). "ViacomCBS Buys Majority Stake In Spanish Content Producer Fox TeleColombia & Estudios TeleMexico". Deadline Hollywood.
  61. ^ Spangler, Todd (November 30, 2021). "ViacomCBS to Sell Iconic CBS Studio Center for $1.85 Billion". Variety.
  62. ^ Flint, Joe (January 5, 2022). "WarnerMedia and ViacomCBS Are Exploring Possible Sale of CW Network". The Wall Street Journal. Retrieved 2022.
  63. ^ Weprin, Alex; Goldberg, Lesley (January 12, 2022). "Will The CW Be a Streaming Wars Casualty?". The Hollywood Reporter. Retrieved 2022.
  64. ^ Farley, Ashley (January 13, 2022). "REPORT: The CW's Potential Sale May Kill Its Original Programming". Comic Book Resources. Retrieved 2022.
  65. ^ Goldberg, Lesley; Weprin, Alex (January 6, 2022). "ViacomCBS and WarnerMedia Exploring Sale of The CW". The Hollywood Reporter. Retrieved 2022.
  66. ^ Andreeva, Nellie (January 6, 2022). "The CW CEO Mark Pedowitz Confirms WarnerMedia & ViacomCBS Exploring "Strategic Opportunities" As Majority Stake In Network Is Shopped With Nexstar Among Suitors" As Majority Stake In Network Is Shopped With Nexstar Among Suitors - Update". Deadline Hollywood. Retrieved 2022.
  67. ^ Littleton, Cynthia (February 15, 2022). "Goodbye Viacom and CBS: ViacomCBS Changes Corporate Name to Paramount". Variety. Retrieved 2022.
  68. ^ Murphy, J. Kim; Littleton, Cynthia (May 16, 2022). "Warren Buffett's Berkshire Hathaway Acquires Small Stake in Paramount Global". Variety.
  69. ^ Hayes, Dade (August 15, 2022). "The CW Will Be A Profitable Network By 2025, With Broader And Cheaper Programming, New Owners At Nexstar Signal". Deadline Hollywood. Retrieved 2022.
  70. ^ Nieto, Phillip (August 15, 2022). "Nexstar Media purchases 75% of CW Network from Warner Bros Discovery and Paramount". Fox Business. Retrieved 2022.
  71. ^ Steinberg, Brian (October 3, 2022). "Mark Pedowitz Will Leave CW Amid Nexstar Acquisition". Variety. Retrieved 2022.
  72. ^ Andreeva, Nellie (October 3, 2022). "Mark Pedowitz's Farewell Message To The CW Staff: "May All Of You Continue To Dare To Defy The Naysayers"". Deadline. Retrieved 2022.
  73. ^ "Le Società italiane del gruppo Viacom" (PDF). Viacom International Media Networks. July 29, 2014. Archived from the original (PDF) on December 7, 2019.
  74. ^ "TV18 to increase stake to 51% in Viacom18, the JV with Viacom Inc". Viacom18. January 31, 2018. Archived from the original on July 13, 2019. Retrieved 2018.
  75. ^ James, Meg (November 10, 2019). "Viacom reorganizes creative team in advance of CBS merger". Los Angeles Times.
  76. ^ Szalai, Georg (December 29, 2020). "How ViacomCBS Has Sharpened Its Focus on Streaming Via Deals". The Hollywood Reporter. Retrieved 2022.{{cite web}}: CS1 maint: url-status (link)

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Paramount_Global
 



 



 
Music Scenes