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NEW YORK -- (BUSINESS WIRE)--Aug. 13, 2019-- CBS Corp. (NYSE: CBS.A, CBS) and Viacom (NASDAQ: VIA, VIAB), two of the world's leading entertainment companies, today announced they have entered into a definitive agreement to combine in an all-stock merger, creating a combined company with more than $28 billion in revenue.
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In 2019, our domestic streaming and digital video business - which includes subscription revenue and digital video advertising - delivered approximately $1.6B billion in revenue, which we expect to grow between 35 to 40 percent this year. Of course, the opportunity is much, much larger. Our go-forward streaming strategy is rooted in the ...
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The 2019 merger of CBS Corporation and Viacom was announced on August 13, 2019, and was completed on December 4, 2019. The merger of equals reunited CBS Corporation and Viacom into a single company known as ViacomCBS (today known as Paramount Global) after their separation from the first incarnation of Viacom on December 31, 2005. Both companies were owned by the theater company National ...
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Aug 13, 2019, 11:59 AM PDT. Shari Redstone controls both Viacom and CBS, and has wanted to merge them for years. Jesse Grant/Getty Images for Viacom. Peter Kafka covers media and technology, and ...
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Viacom owns Paramount Pictures and pay TV channels such as Comedy Central, MTV and BET, while CBS has a broadcast network, television stations, Showtime and a stake in The CW over-the-air network.
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Aug. 13, 2019, 11:12 AM PDT. By Claire Atkinson. After three years of negotiations, CBS and Viacom are coming together to form a $30 billion company, controlled by Shari Redstone and cementing her ...
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The new company will be named ViacomCBS Inc, although CBS shareholders will own 61% and Viacom shareholders will own 39%. It creates a company with roughly a $30 billion market value, which is ...
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CBS Corp. and Viacom are united once again. The merger of the two halves of the Redstone family media empire into ViacomCBS was completed Wednesday, just four months after the boards of CBS and ...
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