Viacom

Viacom Inc.

Viacom's headquarters at One Astor Plaza in New York City
Company type	Public
Traded as	NASDAQ: VIA (Class A) NASDAQ: VIAB (Class B) S&P 500 Component (VIAB) Russell 1000 Component (VIA, VIAB)
Industry	Mass media
Predecessors	Viacom (1952–2006) Gulf and Western Industries Paramount Communications Warner-Amex Satellite Entertainment
Founded	December 31, 2005; 19 years ago (2005-12-31)
Founder	Sumner Redstone
Defunct	December 4, 2019; 5 years ago (2019-12-04)
Fate	Merged with CBS Corporation
Successor	ViacomCBS
Headquarters	One Astor Plaza, Manhattan, New York City, New York, U.S.
Area served	Worldwide
Key people	Sumner Redstone (chairman emeritus) Thomas J. May (chairman) Robert Bakish (president and CEO)
Products	Cable television radio publishing motion pictures games podcasts web portals
Revenue	US$12.838 billion (2019)[1]
Operating income	US$2.462 billion (2019)[1]
Net income	US$1.522 billion (2019)[1]
Total assets	US$23.671 billion (2019)[1]
Total equity	US$8.520 billion (2019)[1]
Owner	National Amusements (80% voting power)
Number of employees	11,200 (2017)[2]
Divisions	Viacom Media Networks Viacom International Media Networks
Subsidiaries	Viacom International Viacom 18 (49%) Rainbow S.r.l. (30%) Bellator MMA Entertainment One WhoSay VidCon AwesomenessTV Paramount Pictures Pluto TV Paws, Inc.
Website	www.viacom.com (archived Dec 3, 2019)

Viacom (short for Video & Audio Communications) was an American entertainment company. It started in 1970 as Viacom International, the syndication division of CBS TV (which they once owned). In 2005, Viacom split into two companies: the original company was renamed CBS Corporation, and a new company keeping the Viacom name was created. They own Paramount Pictures, MTV, Nickelodeon, Nick Jr., and others. They formerly owned the movie rental giant Blockbuster Entertainment.

In 2019, Viacom and CBS were merged together. This created ViacomCBS, a combination of the two companies. The merger was finished on December 4, 2019.^[3] They have also launched a streaming service called CBS All Access, which includes their library of movies and TV shows, along with original content.

1. ↑ ^{1.0 1.1 1.2 1.3 1.4} "VIACOM REPORTS FOURTH QUARTER AND FULL YEAR RESULTS" (Press release). New York, NY: Viacom. November 14, 2019. Archived from the original on December 3, 2019. Retrieved November 19, 2019.
2. ↑ "Viacom". Fortune 500. Archived from the original on 2020-04-27. Retrieved 2020-02-12.
3. ↑ Shivdas, Sanjana (December 4, 2019). "CBS, Viacom complete merger in a win for Shari Redstone". Reuters. Retrieved February 11, 2020.