Viacom (2005–2019)
Viacom's headquarters at One Astor Plaza in New York City | |
Public | |
Traded as |
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Industry | Mass media |
Predecessors | Viacom (1952–2006) Gulf+Western Paramount Communications Warner-Amex Satellite Entertainment |
Founded | December 31, 2005 |
Founder | Sumner Redstone |
Headquarters | |
Area served | Worldwide |
Key people |
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Products | |
Revenue | US$12.943 billion (2018) |
US$2.570 billion (2018) | |
US$1.688 billion (2018) | |
Total assets | US$23.161 billion (2018) |
Total equity | US$7.071 billion (2018) |
Owner | National Amusements (80% voting power) |
Number of employees | 11,200 (2017) |
Divisions | |
Subsidiaries |
The second and current incarnation of Viacom Inc. (/ˈvaɪəkɒm/ VY-ə-kom or /ˈviːəkɒm/ VEE-ə-kom), is an American multinational mass media conglomerate with interests primarily in film and television, which was formed as a spin-off of the original Viacom on December 31, 2005. It is one of two companies which succeeded the original Viacom, alongside CBS Corporation; both are owned by National Amusements, a theater company controlled by businessman Sumner Redstone. The spin-off was structured so that CBS Corporation would be the legal successor to the old Viacom, with the new Viacom being an entirely new company.
The new Viacom comprises Viacom Media Networks and Paramount Pictures, through which it operates approximately 170 networks and reaches approximately 700 million subscribers in approximately 160 countries. CBS Corporation retains the over-the-air broadcasting, television production, pay-TV subscription service, and publishing assets, which were previously owned by the old Viacom. The new Viacom is currently the world's ninth-largest media company in terms of revenue, and is headquartered at One Astor Plaza in Midtown Manhattan, New York City.
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