“Today marks an important day for CBS and Viacom, as we unite our complementary assets
help accelerate that progress. I look forward to all we will do together as we build on our ongoing success. And personally, I am pleased to remain focused on CBS’s top priority – continuing our transformation into a global, multiplatform, premium content company.”
of subscription and advertising-supported streaming services. CBS launched CBS All Access and Showtime’s over-the-top (OTT) platforms in 2015. Earlier this year, Viacom acquired Pluto TV, a leading ad-supported VOD service.
’ ouster. The longtime mogul left under a dark cloud after allegations of sexual assault and harassment by more than a dozen women.
The companies’ 96-year-old chairman emeritus, Sumner Redstone, who once ran National Amusements with an iron hand, was succeeded by his daughter, Shari, several years ago and has been in poor health. Shari Redstone spoke out early and often in favor of bringing the companies back together and has also pursued talks with other companies who could, in turn, roll up a combined Viacom and CBS. That may well still be the plan, according to insiders, and rollups of smaller independents such as Lionsgate or MGM also are possibilities.Read more: Deadline Hollywood
This is great news for Star Trek fans! No more brand separation! Yay capitalism... Since everyones new favourite word is “monopoly” are we not going to discuss CBS-Viacoms new “monopoly” of TV channels & numerous different streaming services? Or do we just reserve that word for Disney? Lol Yay 😀
CBS, Viacom in Final Stages of Deal Talks CBS and Viacom are in the final stages of negotiating a deal that would reunite mogul Sumner Redstone’s media empire in the hopes of creating a more formidable competitor to the entertainment industry’s giants.
Is Vice Looking for an Exit Strategy With CBS-Viacom?The millennial media behemoth is struggling, and Nancy Dubuc has been “cozying up” to Shari Redstone . But CBS - Viacom isn’t biting—yet. Is that Joe Elliot, lead man for Def Leppard ? Woah!
CBS and Viacom Boards Haggle Over Price as Merger Talks AccelerateBoard members of CBS and Viacom worked most of the weekend in an effort to reach a long-awaited merger agreement for the two halves of the Redstone media empire. Sources close to the situation said…
CBS and Viacom are finally reunitingCNN News, delivered. Select from our newsletters below and enter your email to subscribe. The DOJ should strike it down Yeah this went so well the first time. I would know. I was there.
CBS, Viacom to reunite as media giants bulk up for streaming CBS and Viacom say they will reunite, bringing together their networks and the Paramount movie studio as traditional media giants challenge streaming companies like Netflix. E Warren comin for you Hopefully sling will have cbs now More competition among them is good for the user.
CBS, Viacom Strike Deal to Recombine Shari Redstone , controlling shareholder of both Viacom and CBS Corp via National Amusements , becomes chairwoman of the combined entity with a forecast $500 million in post-merger cost savings somebody wake up Sumner Shari won! Eat it Moonves🤣 TheDailyShow