Factbox: Merged CBS and Viacom aim to join U.S. media big league
(Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) on Tuesday reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire after 13 years apart.
FILE PHOTO: The CBS broadcasting logo is seen outside the CBS Broadcast Center in Manhattan, New York, U.S., July 30, 2018. REUTERS/Shannon Stapleton/File Photo
The deal brings together CBS television network, CBS News, Showtime cable networks with MTV Networks, Nickelodeon, Comedy Central and the Paramount movie studios. Together, the company will own more than 140,000 TV episodes and more than 3,600 film titles.
The new company, ViacomCBS, will compete in an industry that has been reshaped after large-scale deals, including $85 billion purchase of Time Warner by AT&T (T.N) and Walt Disney’s (DIS.N) buyout of Twenty-First Century Fox Inc’s film and television assets.
Here is a list of six major media companies, their CEOs and the assets they own:
Brands: The Walt Disney Studios, ABC Studios, National Geographic, ESPN, Marvel Studios, VICE, Lucasfilm Ltd, Pixar Animation Studios, 20th Century Fox Animations, Fox Family; Disney has plans to offer a bundle of its three streaming services starting in November: Disney+, ESPN+ and Hulu