Viacom

Viacom (short for Video & Audio Communications) was an American entertainment company. It started in 1970 as Viacom International, the syndication division of CBS TV (which they once owned). In 2005, Viacom split into two companies: the original company was renamed CBS Corporation, and a new company keeping the Viacom name was created. They own Paramount Pictures, MTV, Nickelodeon, Nick Jr., and others. They formerly owned the movie rental giant Blockbuster Entertainment.

Viacom Inc.
Company typePublic
FateMerged with CBS Corporation
Headquarters
Area served
Worldwide
Key people
Products
Total equityIncrease US$8.520 billion (2019)[1]
OwnerNational Amusements (80% voting power)
Divisions
Subsidiaries
Websitewww.viacom.com (archived Dec 3, 2019)

In 2019, Viacom and CBS were merged together. This created ViacomCBS, a combination of the two companies. The merger was finished on December 4, 2019.[3] They have also launched a streaming service called CBS All Access, which includes their library of movies and TV shows, along with original content.

References

  1. 1.0 1.1 1.2 1.3 1.4 Viacom (November 14, 2019). "VIACOM REPORTS FOURTH QUARTER AND FULL YEAR RESULTS". Press release. Archived from the original on December 3, 2019. https://web.archive.org/web/20191203185848/https://ir.viacom.com/static-files/1a0a61d7-5888-41b1-a8cf-960ef17c9ad9. Retrieved November 19, 2019. 
  2. Viacom. Fortune 500. Retrieved 2020-02-12.
  3. Shivdas, Sanjana. CBS, Viacom complete merger in a win for Shari Redstone. Reuters (December 4, 2019). Retrieved February 11, 2020.