Directory Inc.

About

The second and current incarnation of Viacom Inc. (/?va??k?m/ VY-?-kom or /?vi??k?m/ VEE-?-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.[3][4][5][6][7] 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.[8] 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. The second merger between Viacom and CBS Corporation, creating the combined company ViacomCBS, was announced on August 13, 2019; the merger is expected to be completed by late 2019.