The first incarnation of Viacom Inc. (an acronym of Video & Audio Communications) was an American media conglomerate. It began as CBS Films, the syndication division of the CBS television network in 1952; it was renamed CBS Enterprises in 1968, renamed Viacom in 1970, and spun off into its own company in 1971.
The second incarnation of Viacom Inc. was an American multinational mass media conglomerate with interests primarily in film and television, which was formed as a spin-off of the original Viacom on December 31, 2005. It was one of two companies that succeeded the original Viacom, alongside CBS Corporation; both were owned by National Amusements, a theater company controlled by businessman Sumner Redstone. The spin-off was structured so that CBS Corporation would be the legal successor to the original Viacom, with the second Viacom being an entirely separated company.
The second merger between Viacom and CBS Corporation, creating the combined company ViacomCBS, was announced on August 13, 2019; the merger was completed on December 4, 2019.
|Current version year||2015|
|Market||NASDAQ: VIA, S&P500|