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Viacom Canada

Viacom Inc.
Public
Traded as
Industry Mass media
Predecessors Viacom (original)
Gulf+Western
Paramount Communications
Founded December 31, 2005; 11 years ago (2005-12-31)
Founder Sumner Redstone
Headquarters One Astor Plaza, Manhattan, New York City, New York, U.S.
Columbia Square, Hollywood, California
, U.S.
Area served
Worldwide
Key people
Sumner Redstone
(Chairman Emeritus)
Thomas J. May
(Chairman)
Robert Bakish
(President and CEO)
Products Cable television, broadcasting, radio, publishing, movies, and web portals
Revenue Decrease US$12.488 billion (2016)
Decrease US$2.526 billion (2016)
Profit Decrease US$1.438 billion (2016)
Total assets Increase US$22.51 billion (2016)
Total equity Increase US$4.54 billion (2016)
Owner National Amusements (80%)
Number of employees
10,580 (2011)
Divisions Viacom Media Networks
Viacom International Media Networks
Subsidiaries Bellator MMA
BET Networks
Defy Media (7%)
Paramount Pictures
Rainbow S.r.l. (30%)
Viacom 18 (50%)
Viacom International
MTV
Nickelodeon
Website www.viacom.com

Viacom Inc. (VY-ə-kom) is an American multinational media conglomerate with interests primarily in cinema and cable television. It is currently the world's sixth largest broadcasting and cable company in terms of revenue—behind Comcast, The Walt Disney Company, Time Warner, 21st Century Fox and CBS Corporation. Voting control of Viacom is held by National Amusements, Inc., a privately owned theater company controlled by the billionaire Sumner Redstone. Redstone also holds – via National Amusements – a controlling stake in CBS Corporation.

The current incarnation of Viacom was created on December 31, 2005 as a spin-off from the original incarnation of Viacom, which was renamed as CBS Corporation after the spin-off. CBS Corporation currently retains control of the over-the-air broadcasting, TV production, subscription pay television (with Showtime Networks) and publishing assets (with Simon & Schuster), which were previously owned by the original Viacom. Predecessor firms of the original Viacom included Gulf+Western (which later became Paramount Communications) and Westinghouse Electric Corporation. Comprising BET Networks, Viacom Media Networks and Paramount Pictures, the current Viacom operates approximately 170 networks, reaching approximately 700 million subscribers in approximately 160 countries.


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