The long-awaited deal between the two media giants puts some of the biggest brands in entertainment back under one corporate banner. Those brands include CBS' broadcast network, the streaming service CBS All Access, movie studio Paramount and cable networks like Showtime, MTV, Nickelodeon, BET and Comedy Central.Viacom and CBS reunion likely marks first step into new frontierThe all-stock merger creates a company with more than $28 billion in revenue.
"I am really excited to see these two great companies come together so that they can realize the incredible power of their combined assets," Redstone said in a statement on Tuesday."My father once said 'content is king,' and never has that been more true than today."L-R: Shari Redstone, Joe Ianniello and Bob BakishThe deal comes during a volatile period in the media industry.
Yes, merger is one of a corporate strategy to be bigger and bigger enables to win in competition.
Did Fredo get merged as well.
It wasn't long awaited by the consumer.. I could really care less about your channels
Well of course. All the better to spread mega- fake news even further.
So you all can report fake news
Say happy birthday to Fredo for me!
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