kids encyclopedia robot

Viacom facts for kids

Kids Encyclopedia Facts
Quick facts for kids
Viacom Inc.
Public
Traded as
Industry Mass media
Fate Merged with CBS Corporation
Predecessors Viacom (1952–2006)
Gulf and Western Industries
Paramount Communications
Warner-Amex Satellite Entertainment
Successor ViacomCBS
Founded December 31, 2005; 15 years ago (2005-12-31)
Founder Sumner Redstone
Defunct December 4, 2019; 22 months ago (2019-12-04)
Headquarters
Area served
Worldwide
Key people
Products
Revenue Decrease US$12.838 billion (2019)
Operating income
Decrease US$2.462 billion (2019)
Decrease US$1.522 billion (2019)
Total assets Decrease US$23.671 billion (2019)
Total equity Increase US$8.520 billion (2019)
Owner National Amusements (80% voting power)
Number of employees
11,200 (2017)
Divisions
Subsidiaries

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. They have also launched a streaming service called CBS All Access, which includes their library of movies and TV shows, along with original content.

kids search engine
Viacom Facts for Kids. Kiddle Encyclopedia.