Viacom (Segaverse)
 Viacom's logo since 1986, designed by Chermayeff & Geismar & Haviv | |
 Headquarters of Viacom, the Viacom Building | |
| Viacom | |
Formerly | Viacom Enterprises Ltd. |
| Limited company | |
| Traded as | |
| Industry | |
| Founded | January 30, 1986 in Indianapolis, Indiana, North American Republic |
| Founder | Michael Jackson |
| Headquarters | Viacom Building, , |
Area served | Worldwide |
Key people |
|
| Products | |
| Brands | |
| Revenue |  € 74.4 billion (2018) |
| € 22.32 billion (2018) | |
| € 13.75 billion (2018) | |
| Total assets | € 132 billion (2018) |
| Total equity | € 31 billion (2018) |
Number of employees | 174,566 (2019) |
| Divisions | Viacom Entertainment Sega Sammy Enterprises Post Media Simon and Schuster Books |
| Website | www.viacom.com |
Viacom Enterprises Ltd. (stylized as VI/\CO/\/\, originally an initialism of Visual and Audio Communications) is a North American Republic-based media and publishing conglomerate based in Indianapolis, North American Republic. The company is one of the major media companies of the Segaverse, and is one of the largest, making € 45.8304 billion in net income each year. Viacom is a diversified company, with divisions such as Sega Enterprises, Paramount Pictures, Simon and Schuster Books, and Epic Records.
It was founded on January 30, 1986 by Michael Jackson in order to improve businesses, as well as to gain full creative control over his music. It is currently led by Jackson and Tails.
History[edit | edit source]
Beginnings: 1986-1987[edit | edit source]
In 1983, CBS Corporation shut down its Viacom Syndication Enterprises division due to the FCC allowing networks to create their own syndication divisions. CBS sold the Viacom name to a private investment group named Television City Investments Inc, which was itself sold to United Artists. UA was owned-and-operated by Tracinda Corporation, which belonged to businessman Kirk Kerkorian. Kirk later sold off UA, and as a result Television City, to a new investment group. The group was named Viacom Acquisition L.P., with the limited partners being American pop star Michael Jackson and British businessman Alan Sugar. Sugar immediately sold Viacom to Jackson as soon as United Artists was sold off from Tracinda.
On January 16, 1986, the deal was complete. Alan Sugar immediately sold his stake in the company to Jackson. Jackson stated that he was "forever grateful to own such a company" and that "he would put the company to good use." On January 30, 1986, Jackson founded a new company under the Viacom name: Viacom Enterprises Ltd. This company is the modern Viacom, albeit under a different legal name. In addition, he owned United Artists. Unitec Artists added the a Michael Jackson company byline onto both its print and on-screen logo.
Both CBS and Thorn EMI eyed acquiring this new company, but Jackson shut both deals down.
First expansions: 1987-1995[edit | edit source]
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New acquisitions: 1995-2000[edit | edit source]
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Expansion into technology: 2000-2005[edit | edit source]
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New expansion: 2005-2014[edit | edit source]
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Expansion into telecom: 2014-2017[edit | edit source]
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Recent history: 2017-2019[edit | edit source]
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Split into multiple companies: 2019-present[edit | edit source]
See also[edit | edit source]
List of assets owned by Viacom
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