{"id":25442,"date":"2015-09-30T11:45:59","date_gmt":"2015-09-30T15:45:59","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=25442"},"modified":"2015-12-01T17:47:37","modified_gmt":"2015-12-01T22:47:37","slug":"viacom-1","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2015\/09\/30\/viacom-1\/","title":{"rendered":"Viacom"},"content":{"rendered":"
Rachel Roth<\/pre>\n
\"141001_Viacom_logo_640x400\"<\/a>
Viacom Logo [19<\/a>]<\/p><\/div>\n
Viacom<\/p>\n
1515 Broadway – 52nd Floor<\/p>\n
New York, NY 10036<\/p>\n
(212) 846-6700<\/p>\n
http:\/\/www.viacom.com\/<\/a><\/p>\n
Background<\/strong><\/span><\/p>\n
Viacom is an American entertainment company that holds some of the world\u2019s most dominant brands. It connects with its following through television, motion picture and online and mobile platforms.\u00a0 Viacom has 23 major and minor cable television networks and airs in more than 160 countries. Viacom\u2019s most well-known and influential brands include MTV<\/a>, VH1<\/a>, CMT<\/a>, Logo<\/a>, BET<\/a>, Nickelodeon<\/a>, Nick Jr.<\/a>, TVLand<\/a>, Spike<\/a> and Comedy Central<\/a>.\u00a0 Paramount Pictures and Viacom have connected to produce and distribute films together globally. [2<\/a>] [4<\/a>]<\/p>\n
Sumner Redstone<\/a>, Executive Chairman of the Board and Founder, is currently in declining health, but refuses to retire despite his questionable state.\u00a0 Shari Redstone<\/a> is Viacom\u2019s Non-Executive Vice Chair of the Board.\u00a0 President and Chief Executive Officer Philippe Dauman<\/a>, Chief Operating Officer Thomas Dooley<\/a> and Executive Vice President and Chief Financial Officer Wade Davis<\/a> are also influential assets to this company. [3<\/a>] [4<\/a>]<\/p>\n
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Executive Chairman of the Board and Founder, Sumner Redstone [20<\/a>]<\/p><\/div>
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Non-Executive Vice Chairman of the Board, Shari Redstone [21<\/a>]<\/p><\/div>
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President and Chief Executive Officer, Philippe Dauman [22<\/a>]<\/p><\/div>
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Chief Operating Officer, Thomas Dooley [23<\/a>]<\/p><\/div>
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Executive Vice President and Chief Financial Officer, Wade Davis [24<\/a>]<\/p><\/div><\/p>\n
History<\/strong><\/span><\/p>\n
June 4th 1971-<\/strong> Viacom broke away from Columbia Broadcasting System<\/a> Inc. (CBS) and became a public company. [1<\/a>]<\/p>\n
1985-<\/strong> Viacom acquired more than half of MTV Networks<\/a>. [1<\/a>]<\/p>\n
By 1986-<\/strong> Viacom fully owned MTV Networks<\/a>. This was an enormous feat for Viacom, as MTV<\/a> has become one of the company\u2019s leading brands today. [1<\/a>]<\/p>\n
\"mtv-logo-300x245\"<\/a>
MTV Logo [29<\/a>]<\/p><\/div>\n
1994-<\/strong> Viacom had a $9.9 billion merger with Paramount Communications Inc. to produce and distribute films. [1<\/a>]<\/p>\n
1999-<\/strong> Viacom began trading on the New York Stock Exchange<\/a> as a publicly traded company. [1<\/a>]<\/p>\n
2000-<\/strong> $39.8 billion merger with CBS Corporation<\/a>. [1<\/a>]<\/p>\n
2006-<\/strong> Paramount Pictures acquires DreamWorks L.L.C<\/a>. [1<\/a>]<\/p>\n
2010-<\/strong> MTV Networks<\/a> and Warner Music Group<\/a> (WMG) formed a partnership, creating the music dynasty that most people think of today when they refer to MTV<\/a>. [1<\/a>]<\/p>\n
\"warner-music-group\"<\/a>
Warner Music Group Logo [30<\/a>]<\/p><\/div>\n
2011-<\/strong> Viacom formed Viacom International Media Networks (VIMN), bringing MTV Networks International, BET International<\/a> and Paramount television channels under one entertainment umbrella.\u00a0 Today, Viacom\u2019s largest competitors include The Walt Disney Company<\/a>, Time Warner Inc.<\/a> and NBC Universal Media L.L.C<\/a>. [1<\/a>] [5<\/a>]<\/p>\n
Recent News<\/strong><\/span><\/p>\n
Hulu<\/strong><\/p>\n
\"hulu-630x354\"<\/a>
Hulu Logo [25<\/a>]<\/p><\/div>\n
In October 2015, Viacom struck a deal with video on demand streaming service, Hulu, to exclusively stream Viacom shows.\u00a0 Hulu will be the only place that fans can view Comedy Central and MTV content such as \u201cInside Amy Schumer<\/a>,\u201d \u201cBroad City<\/a>,\u201d \u201cDrunk History<\/a>,\u201d \u201cKey & Peele<\/a>,\u201d \u201cFaking It<\/a>\u201d and \u201cFinding Carter<\/a>.\u201d\u00a0 Since the initial deal in October, Viacom has since extended the contract and is planning on adding more exclusive video on demand content.\u00a0 This should be a mutually beneficial move for both Viacom and Hulu, because Viacom will be able to stream their shows online as the viewership of cable television is declining, and Hulu will have exclusive access to Viacom programming. [6<\/a>]<\/p>\n