Key Points
Future chief of the newly combined Viacom and CBS Bob Bakish tells CNBC he's not worried about streaming companies like Netflix hurting business. Bakish says streaming players like Netflix are a "growth segment" for Viacom as they supply the video streaming services directly through studio production.
"Every single one of the services that are either in the market today or are announced are doing business with us on an original production basis, so we are in clear demand," Bakish says.
Source: News Formal (newsformal.com)
Viacom expects to have closed a deal to combine with CBS in December, and expand into streaming. equilarinc notes that Viacom CEO Robert Bakish earned $19,955,161 in compensation in 2018. $VIAB execcomp CorpGov Source:
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