{"id":1222,"date":"2012-04-03T12:24:38","date_gmt":"2012-04-03T16:24:38","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=1222"},"modified":"2012-05-23T12:37:57","modified_gmt":"2012-05-23T16:37:57","slug":"viacom","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2012\/04\/03\/viacom\/","title":{"rendered":"Viacom"},"content":{"rendered":"

\"\"<\/a>
\nViacom Media Networks
\n\u00a9 2008-2011 Viacom Inc. All Rights Reserved.<\/p>\n

Profile<\/strong>
\nViacom is the world\u2019s fourth-largest media conglomerate and owns the prestigious Paramount Pictures, MTV, and BET Networks.<\/h6>\n
Executives<\/strong>
\nPhilippe Dauman:\u00a0President and Chief Executive Officer\u00a0<\/span>
\nThomas E. Dooley:\u00a0Chief Operating Officer<\/span>
\nRobert Bakish:\u00a0President and Chief Executive Officer, Viacom International Media James Barge:\u00a0EVP, Chief Financial Officer<\/span>
\nJames Bombassei:\u00a0Senior Vice President, Investor Relations\u00a0<\/span>
\nWade Davis:\u00a0Executive Vice President, Strategy & Corporate Development\u00a0<\/span>
\nCarl D. Folta:\u00a0Executive Vice President, Corporate Communications<\/span>
\nMichael D. Fricklas:\u00a0Executive Vice President, General Counsel and Secretary\u00a0<\/span><\/h6>\n

Timeline<\/strong>
\nJune 4, 1971:<\/span>\u00a0Viacom becomes a spin-off from CBS & is established as a public company.
\n1983:<\/span>\u00a0 Viacom & Warner Communications Inc. become a joint venture.
\n1985:<\/span>\u00a0Viacom acquires 66% of MTV Networks.
\n1986: <\/span>The remaining interest of MTV is purchased for $185,000.
\n1987: MTV expands internationally for MTV Europe. National Amusements Inc. acquires 83% of Viacom.
\n1994:<\/span> Viacom and Paramount Communications Inc. Merge for $9.9 Billion.
\n1996:<\/span> MTV launches MTV2. Nick at Nite launches TV Land.
\n2000:<\/span> Viacom & CBS merge for $39.8 Billion.
\n2001:<\/span> BET Holdings is acquired for $3 Billion.
\n2005:<\/span>\u00a0A new Viacom Inc. changes its name upon separation to CBS Corporation & after trading on the New York Stock Exchange.
\n2006:<\/span> Paramount Pictures acquires DreamWorks LLC.
\n2008:<\/span> Form EPIX, an online video on-demand site, a joint venture with MGM & Lionsgate.
\n2010:<\/span> MTV Networks & Warner Music Group form a partnership.
\n2011:<\/span> Viacom forms Viacom International Media Networks.\u00a0<\/span><\/span><\/span><\/p>\n

Holdings<\/strong><\/p>\n

 BET Networks\r\n ATOM\r\n AddictingGames\r\n CMT\r\n Comedy Central\r\n GameTrailers\r\n Logo\r\n MTV\r\n MTV2\r\n mtvU\r\n Tr3S\r\n NeoPets\r\n Nickelodeon - Nick Jr.\r\n Noggin\r\n Nick at Nite\r\n ParentsConnect\r\n Scratch\r\n ShockWave\r\n Spike\r\n TeenNick\r\n TV Land\r\n VH1\r\n VH1 Classic\r\n Paramount Pictures Corp.\r\n Paramount Pictures\r\n Paramount Vintage\r\n MTV Films\r\n Nickelodeon Movies\r\n Home Entertainment\r\n Viacom International Media Networks<\/pre>\n
Current News<\/strong><\/p>\n
Viacom VS Youtube<\/span><\/p>\n
\"\"<\/a>
Huge Battle! Which side is right?<\/p><\/div>\n
In 2007, Viacom sued YouTube for $1.65 billion over “160,000 unauthorized clips of Viacom’s Entertainment Programming” (Broache). It was over-ruled in 2010 and although YouTube won the case, they still had to agree to take down all the copy-right content and strengthen its video-processing software. This case was deemed the most significant legal challenge over intellectual property rights to YouTube. Now Happening<\/strong>: This year,\u00a0there will be a \u201cSecond Circuit\u201d to the lawsuit due to Viacom having called for an appeal about the first ruling. The US Court of Appeal will provide a new jury that will be able to conclude if YouTube had knowledge of pirated content (NY Times). This might impact the future of the Digital Millennium Copyright Act (DMCA), as it might be\u00a0amended\u00a0(NY Times).<\/p>\n
Paramount Status<\/span><\/p>\n
According to the Paramount Pictures website, 2008 was the best year box-office wise for Viacom’s film industry. They released seven $100 million films in one year and grossed over $3.7 billion. Below were the celebrated films of the year:<\/em><\/span>
\nIRON MAN
\n<\/a>KUNG FU PANDA
\nTROPIC THUNDER
\n<\/a>INDIANA JONES & THE KINGDOM OF THE CRYSTAL SKULL
\n<\/a>THE CURIOUS CASE OF BENJAMIN BUTTON
\n<\/a>EAGLE EYE
\n<\/a>MADAGASCAR: ESCAPE 2 AFRICA
\nKUNG FU PANDA<\/p>\n
Viacom on Internet Piracy<\/span><\/p>\n
In 2011, to combat online piracy, Viacom released a six-minute video propaganda on its website having multiple employees explain how piracy affects hard-working employee jobs. They urge viewers to take action by signing bills such as the Stop Online Piracy Act (SOPA). View the video here<\/a>.<\/span><\/p>\n
Viacom Finances Report 1<\/span><\/p>\n
Viacom reports earnings for First Quarter 2012 and it is found that revenues have increased by 3% and operating incomes increased 7% (NY Times).<\/em><\/span><\/p>\n
Release of Titanic 3-D<\/span><\/p>\n
\"\"<\/a>
Titanic was first released in 1997<\/p><\/div>\n
Titanic, one of the world’s most endeared films, is announced to be released again in in 3-D theaters for audiences world-wide on April 4, 2012. Will people go to watch this 1997 record-breaking box-office hit again? The answer is yes. It has grossed $208 million worldwide. In China the opening release amounted to $67 million. The 3-D film is expected to gross around $300 million for its lifetime.<\/p>\n
 <\/p>\n
2011 Movie Hits<\/span><\/p>\n
Recent 2011 movies like Mission Impossible- Ghost Protocol and Paranormal Activity 3<\/em>\u00a0have done well in the box office, allowing Paramount to keep stable earnings. Transformers: Dark Side of the Moon (2011) was Paramount\u2019s first film in grossing $1 billion.<\/span><\/em><\/p>\n
Nickelodeon Swamped<\/span><\/p>\n
\"\"<\/a>
Nickelodeon Logo<\/p><\/div>\n
On February 2, 2012 ratings for Nickelodeon were down which is surprising since the channel has been a leader within the children target area. The reason why they were so low could attain to: competition from Disney Channel, Netflix or maybe even a change \u201cin the audience sample that the Nielson Company uses to supply ratings (Stelter).\u201d<\/p>\n
Viacom’s New NYC Building<\/span><\/p>\n
\"\"<\/a>
Shot of the Future Viacom Building<\/p><\/div>\n
Viacom will be adding to its presence in NYC. They signed a lease on April 25, 2012 for a 54-story building on 1515 Broadway, which will let them have control of the whole building and put a sign on it. The whole building is about 1.6 million square feet and is a big move considering Downtown Manhattan is \u201cundisputed media capital of the world and a vibrant source of inspiration for Viacom\u2019s innovative and creative employees\u201d (Bagli).<\/span><\/em><\/p>\n
 <\/p>\n
Viacom Vs. Harmonix Systems Inc.<\/span><\/p>\n
\"\"<\/a>
Controversy: Should Viacom have to pay Harmonix?<\/p><\/div>\n
Viacom was forced to pay the Harmonix Music Systems Inc., creators of games like RockBand and GuitarHero, $379 million. This resulted in a 65% loss of income for the past quarter; this claim was made on Feb. 1, 2012.\u00a0Backstory:<\/strong>\u00a0With the increased popularity and sales of GuitarHero, Viacom sought out to buy Harmonix in 2006. But when sales dropped, and it was causing a hit in revenue since it cost more than expected for the plastic guitar parts, Viacom sold the company back to the founders. This led to a spiral of events, which began with founders of Harmonix suing Viacom asking for extra payments that Viacom had not made (phys.org).<\/p>\n
Viacom New Financial Report<\/span><\/p>\n
The Harmonix check has caused Viacom a drop in earnings and a update to this First Quarter 2012 from $610 million last year to $212 million this year (due to needing to pay Harmonix). \u00a0That\u2019s 38 cents per share this year and $1 per share last year.\u00a0<\/span><\/em><\/p>\n
Paramount Cartoon Unit<\/span><\/p>\n
Paramount will be releasing a cartoon unit to step forward in its competition with DreamWorks. They hope to release an animated movie every year starting in 2014 and these will cost around 1 million per movie. However, the company already has established an in-house production unit to start on these projects (NY Times).<\/p>\n
Viacom Study on Tablets<\/span><\/p>\n
A study published on April 21, 2012 by Viacom corp. shows that 15% of consumers are watching full-length TV shows on their Tablet. This is a big percentage and if it keeps increasing, this may lead to a change in the industry.<\/span><\/em><\/p>\n
MTV Upcoming Artists<\/span><\/p>\n
MTV is one of the most influential companies in the music, tv, and even film industries. Just released, their upcoming artists for 2012 include: \u00a0Connor Maynard, King Charles, and Lana del Rey.<\/p>\n
Amazon & Viacom Partner to Stream Instant Video<\/span><\/p>\n
On February 8, 2012 it was announced that Amazon would expand their Instant Streaming Video content for their Amazon Prime members. This new partnership will add 2,000 titles from the following Viacom program channels:\u00a0TV Land, Spike, VH1, BET, CMT and Logo.<\/em><\/span><\/p>\n
Sources<\/strong><\/p>\n
1.\u00a0http:\/\/www.nytimes.com\/2012\/04\/26\/nyregion\/viacom-inc-signs-lease-to-take-over-times-square-building.html?ref=viacominc<\/a><\/p>\n
2. http:\/\/www.nytimes.com\/2012\/02\/03\/business\/media\/viacom-posts-lower-earnings-blaming-ratings-at-nickelodeon.html?ref=viacominc<\/a><\/p>\n
3.\u00a0http:\/\/mediadecoder.blogs.nytimes.com\/2011\/11\/10\/viacom-reports-33-percent-gain-in-profits\/?ref=viacominc<\/a><\/p>\n
4.\u00a0http:\/\/www.nytimes.com\/2011\/07\/07\/business\/media\/paramount-starts-animation-unit.html?ref=viacominc<\/a><\/p>\n
5.\u00a0http:\/\/www.viacom.com\/news\/pages\/default.aspx#1<\/a><\/p>\n
6.\u00a0 http:\/\/www.viacom.com\/news\/Pages\/anti-piracy.html<\/a><\/p>\n
7.\u00a0 http:\/\/www.hollywoodreporter.com\/news\/titanic-box-office-james-cameron-312497<\/a><\/p>\n
8.\u00a0http:\/\/news.cnet.com\/Viacom-sues-Google-over-YouTube-clips\/2100-1030_3-6166668.html?tag=nw.10<\/a><\/p>\n
9.\u00a0http:\/\/www.techdirt.com\/articles\/20111115\/01372816773\/viacom-pass-sopa-spongebob-dies.shtml<\/a><\/p>\n
10.http:\/\/phys.org\/news\/2012-02-viacom-1q-shredded-band.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Viacom Media Networks \u00a9 2008-2011 Viacom Inc. All Rights Reserved. Profile Viacom is the world\u2019s fourth-largest media conglomerate and owns the prestigious Paramount Pictures, MTV, and BET Networks. Executives Philippe Dauman:\u00a0President and Chief Executive Officer\u00a0 Thomas E. Dooley:\u00a0Chief Operating Officer … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":[],"categories":[25],"tags":[142,54,143,141],"_links":{"self":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/1222"}],"collection":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/comments?post=1222"}],"version-history":[{"count":18,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/1222\/revisions"}],"predecessor-version":[{"id":4070,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/1222\/revisions\/4070"}],"wp:attachment":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/media?parent=1222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/categories?post=1222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/tags?post=1222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}