Viacom

Paramount's shares surged nearly 15% on Wednesday after The Wall Street Journal first reported the exclusive negotiations with Skydance

The merger of the Indian media business of Walt Disney with Reliance Industries' Viacom18 will create a "significant dominant player", which might reduce the bargaining power for media buying agencies, the country's advertising industry has said. The Rs 70,000-crore behemoth, created post-merger may enable it to exert greater control over pricing and inventory of media rights and also influence over content, advertising industry leaders said. According to the experts, the merged entity will almost have a monopoly in sports properties as it will collectively control 75-80 per cent of the Indian sports market, in both linear TV and digital platforms and may uptick the rates. The joint venture, which is expected to receive approvals by the first quarter of 2025, will have over 70 channels from Star India and 38 TV channels from Viacom18 in eight languages, along with two large OTT platforms -- Jio Cinema and Hotstar -- and two film studios owned by each of them. "The Star-Viacom merge

Deal also includes 2024 Youth Olympics; will cover India and neighbouring countries

Says the cricket governing body must explain PwC's exit from the auction process

The switch to Paramount, effective on Wednesday, was announced as the company made a presentation to drum up excitement among investors about its future strategy and programming

Redstone, as executive chairman of both Viacom and CBS, had controlled the two companies through privately held National Amusements

In a market overflowing with "edgy" content, where are the "edgy" sitcoms?

Disputants must always try to find, directly or through well-wishers, a way to arrive at a compromise

Viacom shareholders will receive 0.59625 CBS shares for each share they own

Viacom is optimistic about the ad-supported streaming television market, where it plans to work with Pluto TV

Telefonica, Europe's most indebted phone company, has sought to sell assets to raise funds and reduce borrowings

Viacom said last month that Dooley was leaving on November 15 and the company was expected to name an interim CEO

A merger could save $400 million in costs between the two companies and give them greater clout in the consolidating world of television

The court battle for control of Viacom has dragged on for months

Philippe Dauman will stay on as non-executive chairman through September 13

CEO Philippe Dauman interim replacement Thomas Dooley is planning to reach out to investors, setting a new tone for a company that has kept communications minimal

Ending the battle for control over Redstone's $40 billion empire that includes Viacom and CBS

Board's dismissal of a possible route toward a settlement shows how far apart the two sides are in the legal fight for control over Redstone's $40 billion media empire

Creates new position of chief of staff to be held by Narayan Ranjan; Soumen Ray to take over as the new CFO

Viacom was considering selling a "significant" minority stake in Paramount Pictures, its CEO had said last week