Viacom

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Viacom Inc.
Public
Traded as
IndustryMass media
FateMerged with CBS Corporation
PredecessorsViacom (1952–2006)
Gulf and Western Industries
Paramount Communications
Warner-Amex Satellite Entertainment
SuccessorViacomCBS
FoundedDecember 31, 2005; 14 years ago (2005-12-31)
FounderSumner Redstone
DefunctDecember 4, 2019; 10 months ago (2019-12-04)
Headquarters
Area served
Worldwide
Key people
Products
RevenueDecrease US$12.838 billion (2019)[1]
Decrease US$2.462 billion (2019)[1]
Decrease US$1.522 billion (2019)[1]
Total assetsDecrease US$23.671 billion (2019)[1]
Total equityIncrease US$8.520 billion (2019)[1]
OwnerNational Amusements (80% voting power)
Number of employees
11,200 (2017)[2]
Divisions
Subsidiaries
Websitewww.viacom.com (archived Dec 3, 2019)

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.

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[change | change source]

  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. https://ir.viacom.com/static-files/1a0a61d7-5888-41b1-a8cf-960ef17c9ad9. Retrieved November 19, 2019. 
  2. "Viacom". Fortune 500.
  3. Shivdas, Sanjana (December 4, 2019). "CBS, Viacom complete merger in a win for Shari Redstone". Reuters. Retrieved February 11, 2020.