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Dauman's run as CEO of Viacom had mixed results. Under Dauman's direction, Viacom made some expensive acquisitions, namely the ''Franchise/TeenageMutantNinjaTurtles'' franchise and a 30% stake in the Creator/RainbowSrl studio (the creators of ''WesternAnimation/WinxClub''). These purchases cost the company $60 million and $80 million respectively. Dauman's resentment for digital media and [=YouTube=], and a synergy strategy that was seen as mediocre at best, led to the company falling behind its competitors in expanding their portfolios, causing them to be disproportionately affected by the ongoing "cord-cutting" trend. Notably, a high-profile dispute with [=DirecTV=] in the summer of 2012, which stretched over for a week, caused a viewership crash across all Viacom networks that year. Viacom's intention to move further into animation hit a speed bump after Katzenberg and Creator/DreamWorksAnimation bolted from the firm, and tensions finally reached a boiling point in 2016 when, after several steep drops in the stock market, Sumner's very estranged daughter, Shari Redstone, returned to the picture. Sumner, whose health was increasingly deteriorating, threw Dauman and partner George Abrams off his trust, a move that has incurred a high-profile lawsuit from Dauman; the feud between the two former friends unceremoniously ended Dauman's tenure at Viacom and got the board of directors overhauled in what the press called "a Series/GameOfThrones". This led to company veteran Bob Bakish being promoted to the CEO spot.
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Dauman's run as CEO of Viacom had mixed results. Under Dauman's direction, Viacom made some expensive acquisitions, namely the ''Franchise/TeenageMutantNinjaTurtles'' franchise and a 30% stake in the Creator/RainbowSrl studio (the creators of ''WesternAnimation/WinxClub''). These purchases cost the company $60 million and $80 million respectively. Dauman's resentment for digital media and [=YouTube=], and a synergy strategy that was seen as mediocre at best, led to the company falling behind its competitors in expanding their portfolios, causing them to be disproportionately affected by the ongoing "cord-cutting" trend. Notably, a high-profile dispute with [=DirecTV=] in the summer of 2012, which stretched over for a week, caused a viewership crash across all Viacom networks that year. Viacom's intention to move further into animation hit a speed bump after Katzenberg and Creator/DreamWorksAnimation bolted from the firm, and tensions finally reached a boiling point in 2016 when, after several steep drops in the stock market, Sumner's very estranged daughter, Shari Redstone, returned to the picture. Sumner, whose health was increasingly deteriorating, threw Dauman and partner George Abrams off his trust, a move that has incurred a high-profile lawsuit from Dauman; the feud between the two former friends unceremoniously ended Dauman's tenure at Viacom and got the board of directors overhauled in what the press called "a Series/GameOfThrones". This led to company veteran Bob Bakish (known for his tenure on post-split Viacom's international networks division) being promoted to the CEO spot.
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On August 13, 2019, [[https://www.cnbc.com/amp/2019/08/13/cbs-and-viacom-reach-merger-deal.html an agreement was reached]] in-which Viacom would merge with [=CBS=] Corporation, uniting the two companies for the first time since 2005. Rumors about this had been swirling for years and there had been attempts at a re-merger in the past, but it was the ousting of Les Moonves in 2018 over sexual misconduct allegations that opened the doors to further discussion in June 2019. The deal was officially closed on December 4, 2019, with the combined entity being branded as [=ViacomCBS=]. National Amusements retained majority control of the combined firm.
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On August 13, 2019, [[https://www.cnbc.com/amp/2019/08/13/cbs-and-viacom-reach-merger-deal.html an agreement was reached]] in-which Viacom would merge with [=CBS=] CBS Corporation, uniting the two companies for the first time since 2005. Rumors about this had been swirling for years and there had been attempts at a re-merger in the past, but it was the ousting of Les Moonves in 2018 over sexual misconduct allegations that opened the doors to further discussion in June 2019. The deal was officially closed on December 4, 2019, with the combined entity being branded as [=ViacomCBS=]. National Amusements retained majority control of the combined firm.
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In February of 2022, [=ViacomCBS=] officially rebranded as ''Paramount'' and adopted the iconic name used by the motion picture studio that they own. The legal name of the company is Paramount Global, but the word "Global" is not part of the company's marketing brand. As a result, Paramount Pictures began using its full name from that year onwards. In 2023, Paramount announced that it would sell Simon & Schuster to investment firm KKR & Co. By that year however, [https://deadline.com/2024/04/bob-bakish-set-to-resign-paramount-global-ceo-1235897469/ Shari was unhappy with Bakish's strategic moves, such as the aborted sales of Showtime and BET respectively]. By 2024, Bakish called it quits from Paramount.
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In February of 2022, [=ViacomCBS=] officially rebranded as ''Paramount'' and adopted the iconic name used by the motion picture studio that they own. The legal name of the company is Paramount Global, but the word "Global" is not part of the company's marketing brand. As a result, Paramount Pictures began using its full name from that year onwards. In 2023, Paramount announced that it would sell Simon & Schuster to investment firm KKR & Co. By that year however, [https://deadline.[[https://deadline.com/2024/04/bob-bakish-set-to-resign-paramount-global-ceo-1235897469/ Shari was unhappy with Bakish's later strategic moves, such as the aborted sales of Showtime and BET respectively]. By respectively]] and in 2024, Bakish called it quits from parted ways with Paramount.
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Dauman's run as CEO of Viacom had mixed results. Under Dauman's direction, Viacom made some expensive acquisitions, namely the ''Franchise/TeenageMutantNinjaTurtles'' franchise and a 30% stake in the Creator/RainbowSrl studio (the creators of ''WesternAnimation/WinxClub''). These purchases cost the company $60 million and $80 million respectively. Dauman's resentment for digital media and [=YouTube=], and a synergy strategy that was seen as mediocre at best, led to the company falling behind its competitors in expanding their portfolios, causing them to be disproportionately affected by the ongoing "cord-cutting" trend. Notably, a high-profile dispute with [=DirecTV=] in the summer of 2012, which stretched over for a week, caused a viewership crash across all Viacom networks that year. Viacom's intention to move further into animation hit a speed bump after Katzenberg and Creator/DreamWorksAnimation bolted from the firm, and tensions finally reached a boiling point in 2016 when, after several steep drops in the stock market, Sumner's very estranged daughter, Shari Redstone, returned to the picture. Sumner, whose health was increasingly deteriorating, threw Dauman and partner George Abrams off his trust, a move that has incurred a high-profile lawsuit from Dauman; the feud between the two former friends unceremoniously ended Dauman's tenure at Viacom and got the board of directors overhauled in what the press called "a Series/GameOfThrones".
to:
Dauman's run as CEO of Viacom had mixed results. Under Dauman's direction, Viacom made some expensive acquisitions, namely the ''Franchise/TeenageMutantNinjaTurtles'' franchise and a 30% stake in the Creator/RainbowSrl studio (the creators of ''WesternAnimation/WinxClub''). These purchases cost the company $60 million and $80 million respectively. Dauman's resentment for digital media and [=YouTube=], and a synergy strategy that was seen as mediocre at best, led to the company falling behind its competitors in expanding their portfolios, causing them to be disproportionately affected by the ongoing "cord-cutting" trend. Notably, a high-profile dispute with [=DirecTV=] in the summer of 2012, which stretched over for a week, caused a viewership crash across all Viacom networks that year. Viacom's intention to move further into animation hit a speed bump after Katzenberg and Creator/DreamWorksAnimation bolted from the firm, and tensions finally reached a boiling point in 2016 when, after several steep drops in the stock market, Sumner's very estranged daughter, Shari Redstone, returned to the picture. Sumner, whose health was increasingly deteriorating, threw Dauman and partner George Abrams off his trust, a move that has incurred a high-profile lawsuit from Dauman; the feud between the two former friends unceremoniously ended Dauman's tenure at Viacom and got the board of directors overhauled in what the press called "a Series/GameOfThrones".
Series/GameOfThrones". This led to company veteran Bob Bakish being promoted to the CEO spot.
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In February of 2022, [=ViacomCBS=] officially rebranded as ''Paramount'' and adopted the iconic name used by the motion picture studio that they own. The legal name of the company is Paramount Global, but the word "Global" is not part of the company's marketing brand. As a result, Paramount Pictures began using its full name from that year onwards. In 2023, Paramount announced that it would sell Simon & Schuster to investment firm KKR & Co.
to:
In February of 2022, [=ViacomCBS=] officially rebranded as ''Paramount'' and adopted the iconic name used by the motion picture studio that they own. The legal name of the company is Paramount Global, but the word "Global" is not part of the company's marketing brand. As a result, Paramount Pictures began using its full name from that year onwards. In 2023, Paramount announced that it would sell Simon & Schuster to investment firm KKR & Co. \n By that year however, [https://deadline.com/2024/04/bob-bakish-set-to-resign-paramount-global-ceo-1235897469/ Shari was unhappy with Bakish's strategic moves, such as the aborted sales of Showtime and BET respectively]. By 2024, Bakish called it quits from Paramount.
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*** Creator/ParamountNetwork (previously known as Creator/SpikeTV)
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*** Creator/ParamountNetwork (previously known as Creator/SpikeTV)Creator/SpikeTV (rebranded to Paramount Network in 2018)
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*** Creator/SpikeTV (rebranded as Paramount Network in 2018)
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Later, Viacom got the distribution rights to ''Series/TheCosbyShow'', still a massive hit at the time and a huge potential money maker. The really big purchases came later though after the company fell under the control of theatre magnate Sumner M. Redstone, as Viacom successfully devoured [[Creator/{{Paramount}} Paramount Communications]] in 1994, Blockbuster Video the same year and [[Creator/AaronSpelling Spelling Entertainment Group]] [[note]]which, aside from Spelling's own output, held the rights to a huge back catalog; Spelling had purchased Creator/RepublicPictures (formerly NTA; ''Film/ItsAWonderfulLife'', pre-1973 NBC shows, Paramount's animated shorts, etc.) and Worldvision Enterprises (pre-1973 ABC shows, most of Creator/QuinnMartin's library) in 1994 and 1988, respectively[[/note]] in 1999 (it had already acquired 78% of Spelling via the Blockbuster deal, this to Paramount Television at the time having the rights to the catalogs of the former ABC Films, CBS Films, and NBC Films) and finally its own former parent, CBS, in 2000, though its last major purchase was that of BET in 2001.
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Later, Viacom got the distribution rights to ''Series/TheCosbyShow'', still a massive hit at the time and a huge potential money maker. The really big purchases came later though after the company fell under the control of theatre magnate Sumner M. Redstone, as Viacom successfully devoured [[Creator/{{Paramount}} Paramount Communications]] in 1994, Blockbuster Video the same year and [[Creator/AaronSpelling Spelling Entertainment Group]] [[note]]which, aside from Spelling's own output, held the rights to a huge back catalog; Spelling had purchased Creator/RepublicPictures (formerly NTA; ''Film/ItsAWonderfulLife'', pre-1973 NBC shows, Paramount's animated shorts, etc.) and Worldvision Enterprises (pre-1973 ABC shows, most of Creator/QuinnMartin's library) in 1994 and 1988, respectively[[/note]] in 1999 (it had already acquired 78% of Spelling via the Blockbuster deal, this to Paramount Television at the time having the rights to the catalogs of the former ABC Films, CBS Films, and NBC Films) and finally its own former parent, CBS, CBS Corporation (the final incarnation of the original Westinghouse Electric Corporation, which lasted from 1886 to 1997), in 2000, though its last major purchase was that of BET in 2001.
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* Viacom International Studios (VIS)
** [=TeleColombia=]
** [=TeleColombia=]
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* Viacom Paramount Television International Studios (VIS)
(PTIS)
**[=TeleColombia=]TIS Productions
**
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* Creator/Channel5 (UK terrestrial station)
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* Creator/Channel5 (UK terrestrial station)channel)
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* Creator/{{Miramax}} (49%): co-owned with beIN Media Group
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* Creator/{{Miramax}} (49%): (49%, co-owned with beIN Media GroupGroup)
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[[quoteright:350:https://static.tvtropes.org/pmwiki/pub/images/paramountviacom.jpg [[{{Slogans}} Popular is Paramount]]]]
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[[quoteright:350:https://static.tvtropes.org/pmwiki/pub/images/paramountviacom.jpg [[{{Slogans}} Popular is Paramount]]]]
Paramount.]]]]
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The original Viacom started as CBS's [[UsefulNotes/{{Syndication}} "film sales"]] division in the mid-1950s, founded to sell some of the network's biggest hits into the syndication market. Back then, CBS had a policy of either owning its shows outright or purchasing the distribution rights, making it so that most of CBS's output from 1950 to 1970 ended being syndicated by CBS as well. Creator/{{NBC}} and Creator/{{ABC}} also established their own "film sales" divisions around the same time with the same practices.
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The original Viacom started as CBS's [[UsefulNotes/{{Syndication}} "film sales"]] division in the mid-1950s, founded to sell some of the network's biggest hits into the syndication market. Back then, CBS had a policy of either owning its shows outright or purchasing the distribution rights, making it so that most of CBS's output from 1950 to 1970 ended being syndicated by CBS as well. Creator/{{NBC}} and Creator/{{ABC}} [[Creator/AmericanBroadcastingCompany ABC]] also established their own "film sales" divisions around the same time with the same practices.
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[[quoteright:350:https://static.tvtropes.org/pmwiki/pub/images/paramountviacom.jpg [[{{Slogan}} Popular is Paramount]]]]
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[[quoteright:350:https://static.tvtropes.org/pmwiki/pub/images/paramountviacom.jpg [[{{Slogan}} [[{{Slogans}} Popular is Paramount]]]]
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[[quoteright:350:https://static.tvtropes.org/pmwiki/pub/images/paramountviacom.jpg]]
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[[quoteright:350:https://static.tvtropes.org/pmwiki/pub/images/paramountviacom.jpg]]
jpg [[{{Slogan}} Popular is Paramount]]]]
