[33] Viacom and DirecTV reached an agreement on July 20 to return the interrupted programming. [29], Later, in October 2011, Viacom purchased a majority stake in Bellator Fighting Championships. Viacom (short for Video & Audio Communications) was an American entertainment company. Real time Viacom (VIA) stock price quote, stock graph, news & analysis. In 2012 CEO Phillip Dauman began to report Viacom's intentions to bundle past programming and make it available on-demand via services like Hulu. On May 1, 2014, Viacom announced it had agreed to take over the British broadcaster Channel 5 from Northern & Shell, the media group owned by the British newspaper publisher Richard Desmond. On April 18, 2013, Judge Stanton issued another order granting summary judgment in favor of YouTube. [32] On July 11, in a counter response to DirecTV advising its subscribers to view original programming from the affected networks online, Viacom scaled back access to recent episodes of Viacom-owned program content available to the websites of its networks. [14] Redstone was set to retire in the near future, and a split was seen as a creative solution to the matter of replacing him. [73], On May 30, 2019, CNBC reported that CBS and Viacom would explore merger discussions in mid-June 2019. [83] The complaint contended that almost 160,000 unauthorized clips of Viacom's programming were made available on YouTube and that these clips had collectively been viewed more than 1.5 billion times. Ltd. is one of India's fastest growing entertainment networks and a house of iconic brands that offers multi-platform, multi-generational and multi-cultural brand experiences. All rights reserved. Factset: FactSet Research Systems Inc.2018. On April 1, 2014, Cable One removed 15 channels owned by Viacom (MTV, VH1, Nickelodeon, and TV Land) off after the two companies failed to reach an agreement. Bakish will hold his "Bob Live" townhall at noon, joined by Shari Redstone, for a conversation moderated by Norah O'Donnell. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Shari Redstone would also serve as chairwoman of the new company. Viacom - Press Releases. Viacom announced its intention to appeal the ruling. The company has hired former AwesomenessTV chief business officer Kelly Day to lead the studio. In 1999, Viacom acquired the then-parent company of CBS, the former Westinghouse Electric Corporation, which had been renamed CBS Corporation in 1997. ViacomCBS is one of the world’s leading producers of premium entertainment content that connects billions of people in nearly every country in the world. [30], On December 1, 2011, the company stopped trading on the New York Stock Exchange (NYSE) and began listing its securities on Nasdaq instead. [18] In August, Viacom announced that it had acquired Atom Entertainment for $200 million. [47], In the same month, Viacom announced that they would launch an official Viacom streaming service in fall 2018, in another effort by Bakish to revitalize the company. On March 13, 2007, Viacom filed a US$1 billion legal claim (Viacom International Inc. v. YouTube, Inc.) against Google and YouTube alleging massive copyright infringement, alleging that users frequently uploaded copyrighted material to YouTube—enough to cause a hit in revenue for Viacom and a gain in advertisement revenue for YouTube. Lifetime – Viacom sold its stake to co-owners Hearst Communications and Capital Cities/ABC Inc. in 1994; Midwest Sports Channel – acquired by News Corporation in 2000 and renamed Fox Sports Net North; Multi Channel Network – 24.99% stake held by Ten Network Holdings sold to Foxtel on January 1, 2019 The stock ticker symbols are the same as that used while the company was on the NYSE. In June 2005, Viacom announced its purchase of Neopets, a virtual pet website,[16] along with GameTrailers, GoCityKids, and iFilm. [65][66], On March 30, 2018, CBS made an all-stock offer slightly below Viacom's market value and insisted that its existing leadership, including long-time chairman and CEO Les Moonves, oversee the re-combined company. It was one of two companies which succeeded the first Viacom, alongside CBS Corporation; both were owned by National Amusements, a theater company controlled by businessman Sumner Redstone. [82] On December 4, the deal was completed. Viacom, an acronym of Video & Audio Communications, may refer to: Viacom (1952–2006), an American media conglomerate; Viacom (2005–2019), a company spun off from the original Viacom; ViacomCBS, a corporation formed by the merger of CBS Corporation and the second incarnation of Viacom on December 4, 2019 [9] CBS Corporation retained the over-the-air broadcasting, television production, pay television subscription service, and publishing assets, which were previously owned by the first Viacom. [40], In November 2016, Viacom bought Argentine television network Telefe. [79][80], On August 13, CBS and Viacom officially announced their merger; CBS would purchase Viacom and change its name to ViacomCBS. Information and translations of Viacom in the most comprehensive dictionary definitions … When you sign up, you’ll get: Access to our suite of data science apps. Viacom - Form 4 SEC Filings. Nickelodeon's shows are not part of this deal. [72], On September 9, 2018, Moonves left CBS after being accused by twelve women of sexual assault. Controlling stock in the company is owned by a private company called National Amusements. All indications were that the whole of DreamWorks—both live-comedy film and TV studios, albeit not the DreamWorks archive (which was sold to a group led by George Soros in March 2006) nor the animated unit (which was not part of the deal)—would remain owned by Viacom, even though CBS acquired Paramount's television studio. The spin-off was structured so that CBS Corporation would be the legal successor to the first Viacom, with the second Viacom being an entirely separated company.[4][5][6][7][8]. [25], In February 2011, Hulu and Viacom announced the return of The Daily Show with Jon Stewart and The Colbert Report to Hulu, along with shows from the Viacom library. MTV is the world’s premiere youth entertainment brand. [81] On October 29, 2019, National Amusements approved the re-merger deal and expected to close the deal in early December with the recombined company trading its shares on Nasdaq under the symbols "VIAC" and "VIACA". Finally, Microsoft would also collaborate on promotions and sponsorships for MTV and BET award shows, two Viacom-owned cable networks. The second merger between Viacom and CBS Corporation, creating the combined company ViacomCBS, was announced on August 13, 2019; the merger was completed on December 4, 2019.[10][11][12]. An evil money grubbing corporation that wants to take away channels from Time Warner Cable and Brighthouse Networks because they won't increase their customer's rates and charge more. We connect with audiences in the real world through live experiences, huge events, books, toys, games, apps and so much more, giving them ways to engage whenever and wherever they want. [75][76] CBS announced to acquire Viacom as part of the re-merger deal for up to $15.4 billion. [53][54], On July 25, 2018, Viacom announced that it was in talks to acquire AwesomenessTV for a fraction of the company's $650 million valuation in 2016. [39] On May 25, 2017, Viacom channels returned to Suddenlink after nearly 3 years of absence. It was reported that these conflicts had resulted from Shari Redstone seeking more control over CBS and its leadership. Definition of Viacom in the Definitions.net dictionary. Viacommunity is the global umbrella for all of Viacom’s social impact and purpose-driven initiatives. The deal also made Viacom a preferred publisher partner for casual game development and distribution through MSN and Windows. [28] Nickelodeon's American studios have also collaborated with Rainbow on multiple productions, including Winx Club and Club 57. Channels were replaced with other networks, including BBC America, Sprout, Sundance TV, IFC, Investigation Discovery, TV One, CMP/TV, National Geographic Channel, and TheBlaze. ViacomCBS (NASDAQ: VIAC; VIACA) is a global media and entertainment company that creates premium content and experiences for audiences worldwide. Most stock quote data provided by BATS. Updates about new app features and product enhancements. Viacom18 Media Pvt. Dauman will continue to serve as chairman until September 13. New York (CNN Business)A version of this article first appeared in the "Reliable Sources" newsletter. The present form of the corporation dates from 1994 when Viacom Inc., which owned radio and television stations and cable television programming services and systems, acquired the [12], In February 2007, Viacom sent upwards of 100,000 Digital Millennium Copyright Act takedown notices to the video-sharing site YouTube. [88] Writing for a two-judge panel (because Judge Roger Miner had died while the trial was pending) of the Second Circuit, Judge José A. Cabranes concluded that "a reasonable jury could find that YouTube had actual knowledge or awareness of specific infringing activity on its website". The company was founded in 1984 after Warner Communications and American Express decided to divest the basic cable assets of Warner-Amex Satellite Entertainment, renaming it as MTV Networks, Inc. Warner-Amex had originally created and owned Nickelodeon, MTV, VH1 and The Movie Channel.Viacom acquired 66% of the company in 1985 and then acquired the remaining 34% interest … We focus on our consumers, enhancing our existing brands, developing new brands and executing on our multi-platform strategy … [48][49][50][51] Bakish has stated that the streaming service will serve as a "complement" to OTT MVPDs, rather than a replacement. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. I hear that Stephen Colbert, Trevor Noah, Gayle King, Phil Simms, and SpongeBob SquarePants will be joining Redstone and Bakish to ring theNASDAQ opening bell on Thursday morning. Viacom and T-Mobile this month announced a content distribution agreement where Viacom networks will be included in T-Mobile’s upcoming television service. [46] In February 2018, Viacom announced their plans to acquire the internet video conference VidCon in an effort to reach out to youth audiences (in a similar way to Viacom's Nickelodeon and MTV channels). [67][68], 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 CBS or Viacom. Something that's sure to come up: These concerns about "synergies," a/k/a, expected layoffs. Logos and footage are owned by CBS Corporation. [78] However, on August 7, 2019, both CBS and Viacom delayed their merger announcement as the two companies reported the quarterly earnings, though the talks about the re-merger continues. [42] His appointment as president and CEO was made permanent on December 12, 2016. CBS and Viacom, corporate cousins for the past decade, are now one. Viacom Inc., one of the largest and foremost communications and media conglomerates in the United States. On the advertisement side of the deal, Microsoft's Atlas ad-serving division became the exclusive provider of previously unsold advertising inventory on Viacom owned websites. ", "CBS Sues Redstones' Firm in Escalation of Longstanding Fight", "National Amusements Fires Back At CBS Suit, Says It's "Outraged" By Allegations", "Verizon Expressed Interest In Acquiring CBS Before Viacom Talks Heated Up", "Behind Leslie Moonves' Crusade to Save CBS From Viacom", "Leslie Moonves Exits CBS After Being Accused of Sex Crimes, Violence by More Women", "CBS and Viacom merger negotiations expected to resume", "CBS, Viacom set early August deadline for remerger agreement – report", "CBS, Viacom Boards Wrestle With Post-Merger Management Decisions, Ending COO Role (EXCLUSIVE)", "How a Merged CBS-Viacom Could Try to Compete with Hollywood Giants", "CBS, Viacom Reach Tentative Deal on Team to Lead Combined Company", "CBS & Viacom's Merger Announcement is Reportedly Delayed as Talks Continue", "Viacom-CBS Merger Now Expected to Close in 'Early December, "United States District Court for the Southern District of New York –, "Google Told to Turn Over User Data of YouTube", "Google and Viacom reach deal over YouTube user data", "US judge tosses out Viacom copyright suit against YouTube", "Viacom wins reversal in landmark YouTube case", "Granting Defendant YouTube's Renewed Motion for Summary Judgment; Entering Judgement that Defendants are Protected by the Safe-Harbor Provisions of the Digital Millennium Copyright Act, 17 U.S.C. About ViacomCBS. [35], On January 22, 2014, Viacom established a marketing division, Viacom Velocity.[36]. In July 2008, the case generated controversy when District Judge Louis Stanton ruled that YouTube was required to hand over data detailing the viewing habits of every user who had ever watched videos on the site. [87], On April 5, 2012, the ruling was overturned by the United States Court of Appeals for the Second Circuit. What does the future of Viacom look like? Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. sciencecentral@viacom.com Sign up now! [52], In April 2018, Viacom hosted its first presentation at the annual Digital Content NewFronts, where they announced new original content for sites such as Facebook, Twitter, and Snapchat. Viacom described this as a "temporary slimdown" until a new carriage deal with DirecTV was reached. ", "The equity value of the new business is about $25 billion, putting it far behind rivals like Disney, which also has a theme parks business, and NBCUniversal, which is owned by the cable giant Comcast,", "It's been a long and winding road to get here," ViacomCBS CEO Bob Bakish acknowledged to Variety's Cynthia Littleton in, "While the merger is now complete, the new company has work to do yet on Wall Street,", "There's a light at the end of the tunnel," Bakish told her. Bellator Fighting Championships amount of advertising on Viacom owned cable television and film studios for on... Stock ticker symbols are the same conference ) stock price quote, stock graph, &... Motion Pictures and digital media platforms distributor of CBS TV ( which they once ). Viacom Hold, with a public service remit failed to reach an agreement on July 27, Viacom channels to. Former AwesomenessTV chief business officer Kelly Day to lead what is viacom studio also collaborate on promotions sponsorships. 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