Rugrats Wiki
Advertisement
Paramount Global

Paramount Global (formerly known as ViacomCBS) is an American multinational mass media conglomerate based in New York City, United States. The corporation was formed via the merger of CBS Corporation and the second incarnation of Viacom on December 4, 2019, which were created from the split of the first Viacom in 2005. The company has interests in film, television, publishing and digital media.

It is the world's sixth largest broadcasting and cable company in terms of revenue (behind Comcast, The Walt Disney Company, and Warner Bros. Discovery respectively). Voting control of Paramount is held by National Amusements, Inc., a privately owned theater company controlled by the late businessman Sumner Redstone. Redstone also holds, via National Amusements, a controlling stake in CBS Corporation.

ViacomCBS Inc

Until 2022

The company's main assets include the namesake Paramount Pictures film studio, CBS Entertainment Group (consisting of CBS-branded properties including the namesake CBS network, CBS Television Studios, CBS Television Stations, CBS Interactive and a 50% interest in The CW), domestic networks (consisting of U.S.-based basic and premium-tier cable television networks including MTV, Nickelodeon, BET, Comedy Central and Showtime), international networks (consisting of international versions of domestic ViacomCBS networks as well as region-specific networks including Channel 5 in the UK, Network 10 in Australia and Telefe in Argentina), Global Distribution Group (consisting of CBS Television Distribution and CBS Studios International) and publishing company Simon & Schuster.

Viacom Logo

Until 2019

Headquartered at One Astor Plaza in Midtown Manhattan, New York City, the company operates approximately over 170 networks and reaches approximately 700 million subscribers in approximately 160 countries.

Viacom Building

History[]

In 1952, CBS formed CBS Films, a division which handled syndication rights for CBS’ library of television series. This division was renamed CBS Enterprises Inc. in January 1968, and then renamed again to Viacom in 1970. In 1971, this syndication division was spun off amid new FCC rules forbidding television networks from owning syndication companies (the rules were later repealed). In 1986, Viacom was acquired by its present owner, the theater operator company National Amusements. In 1999, Viacom made its biggest acquisition to date by announcing plans to merge with its former parent CBS Corporation (the renamed Westinghouse Electric Corporation, which had merged with CBS in 1995). The merger was completed in 2000, resulting in CBS reuniting with its former syndication division. On January 3, 2006, Viacom was split into two companies: CBS Corporation, the former's corporate successor and the spun-off Viacom company.

Advertisement