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Shari Redstone

Paramount Chair Shari Redstone to Shareholders: “We Definitely Have the Scale” to Compete

Paramount Global has “what it takes to succeed,” including enough scale, and is pursuing a “disciplined approach to content creation,” non-executive chair Shari Redstone said at the entertainment conglomerate’s annual shareholder meeting on Wednesday. “The past year has been one of growth and success,” she said at the event, which was webcast and was the […]

Paramount Global CEO Bob Bakish’s Pay Dips to $20M in 2021

Paramount Global, the company formerly known as ViacomCBS, disclosed the compensation for president and CEO Bob Bakish and its other top executives Friday, in its third proxy filing since its creation via the recombination of Viacom and CBS Corp. in 2019. The company, which is controlled by Shari Redstone and other members of the Redstone […]

Paramount Goes All-In on Competing With Streaming Giants in Rebrand

Though Paramount+ has yet to reach the subscriber numbers of Netflix, Disney+ and HBO Max, top executives at ViacomCBS are forging ahead with the company’s streaming revolution by relying on more revivals and reboots of nostalgic, fan-favorite IP and sequels of popular projects to draw in viewer interest. The company’s annual investor day presentation on […]

Paramount+ to Stream All Sister Studio Movies Beginning in 2024

Paramount+ will enjoy favored nation status beginning in 2024 in terms of movies made by its sister studio. ViacomCBS chief Bob Bakish announced Tuesday during an earnings call that “Paramount+ will become the streaming home” for all theatrical releases from Paramount Pictures. Presently, Paramount titles appear either on Paramount+ or on Epix during what’s known […]

Shari Redstone Pushes for ViacomCBS to Be Where “You Can Be Your Authentic Self”

Ahead of ViacomCBS’ annual Inclusion Week, chair Shari Redstone told staff in a video message that “we want to be a place where you can be your authentic self and know that your voice is heard.” In the video, shared with employees on Friday, she also said: “With our global reach, our platforms can connect […]

ViacomCBS CEO Calls New Paramount Boss Brian Robbins a “Franchise Builder”

ViacomCBS CEO Bob Bakish on Wednesday shed some more light on the reasoning behind the recent Paramount Pictures executive reshuffle and touted the conglomerate’s multi-faceted movie release strategy. The change was “about creating a studio for the future,” he told the virtual Goldman Sachs Communacopia Conference. “The changes will position Paramount to lean more into […]

ViacomCBS CEO Bob Bakish’s Pay Rises to $39 Million in 2020

The Redstone family-controlled company discloses top executives' compensation in a regulatory filing.

Sumner Redstone, Tenacious Media Mogul, Dies at 97

Sumner Redstone, the hard-charging mogul who parlayed his father’s New England drive-in theater business into a media empire that includes ViacomCBS, has died at age 97.

ViacomCBS Chair Shari Redstone Touts “Significant” Growth Opportunities, Stock Upside

ViacomCBS chair Shari Redstone during the annual shareholder meeting touted the "significant growth opportunities we are moving quickly to capture," while CEO Bob Bakish touted "undeniable momentum in streaming" and "green shoots" in advertising. Both called the stock undervalued and addressed potential further deals.

Job Platform for Creatives Backed by Shari Redstone and Michael Eisner Launches in Beta

Creatively, a platform co-founded by Alice + Olivia CEO Stacey Bendet, Joe Indriolo and Reagan Silber, launched Tuesday in iOS and web in beta.

Redstone Family’s Holding Company Gets Ratings Downgrade on Liquidity Concerns

A day after National Amusements, through which the Redstone family controls ViacomCBS, and its lenders renegotiated a credit line of a subsidiary after a recent technical violation, S&P Global Ratings downgraded the holding company's credit rating.

Redstones’ Holding Company Amends Credit Pact Without Pledging More ViacomCBS Stock

National Amusements, the holding company through which the Redstone family controls ViacomCBS, has amended a credit agreement with its lenders after a recent technical violation. It will not sell stock in ViacomCBS and "does not intend to pledge additional stock of ViacomCBS."