Content ID is a digital fingerprinting system developed by Google which is used to easily identify and manage copyrighted content on YouTube . Videos uploaded to YouTube are compared against audio and video files registered with Content ID by content owners, looking for any matches . Content owners have the choice to have matching content blocked or to monetize it. The system began to be implemented around 2007. By 2016, it had cost $ 60 million to develop and led to around $ 2 billion in payments to copyright holders. By 2018, Google had invested at least $ 100 million into the system.
66-450: Content ID creates an ID File for copyrighted audio and video material, and stores it in a database. When a video is uploaded, it is checked against the database, and flagged as a copyright violation if a match is found. When this occurs, the content owner has the choice of blocking the video to make it unviewable, tracking the viewing statistics of the video, or adding advertisements to the "infringing" video with proceeds automatically going to
132-401: A Hindi entertainment channel and a Hindi movie channel would be housed in this joint venture. On December 19, 2007, Viacom signed a five-year, $ 500 million contract with Microsoft that included content sharing and advertisement. The deal allowed Microsoft to license many shows from Viacom owned cable television and film studios for use on Xbox Live and MSN . The deal also made Viacom
198-401: A portmanteau of Video & Audio Communications), was an American multinational mass media and entertainment conglomerate with interests primarily in film and television . It was established on December 31, 2005, as one of two companies which succeeded the original Viacom , alongside the second CBS Corporation . The controlling shareholder of both companies was National Amusements ,
264-497: A 2015 filing to the US Copyright Office "that Content ID fails to identify upwards of 40 percent of the use of UMPG's compositions on YouTube". Google has countered these assertions by stating that (as of 2016) Content ID detected over 98% of known copyright infringement on YouTube and humans filing removal notices only 2%. In January 2018, a YouTube uploader who created a white noise generator received copyright notices about
330-618: A 30% ownership stake in the Rainbow S.p.A. animation studio. CBS Corporation retained the over-the-air broadcasting, television production, pay television subscription service, and publishing assets, which were previously owned by the first Viacom. The second Viacom was the world's ninth-largest media company in terms of revenue and headquartered at One Astor Plaza in Midtown Manhattan , New York City . Viacom would announce its second merger with CBS Corporation on August 13, 2019. The merger
396-399: A YouTube user disagrees with a decision by Content ID, it is possible to fill in a form disputing the decision. However, this claim is sent directly to the party that owns the supposed copyright, who has the final decision in the matter unless legal action is pursued. If the reporting party denies their claim, the channel receives a strike. If a channel receives three strikes, it is removed from
462-606: A channel's videos that are uploaded by other YouTube users, and no action is taken until the creator chooses to do so. YouTube product manager Fabio Magagna stated that Copyright Match was derived from the Content ID system. In 2021, YouTube recorded nearly 1.5 billion Content ID claims, including 759.5 million by the second half of the year among which 4,840 were copyright owners'. In 2006, YouTube and content protection company Audible Magic signed an agreement to mainly create 'audio identification technology', and precisely, to license
528-649: A co-owner of Rainbow S.p.A. , an Italian television studio best known for the Winx Club franchise. Since the purchase, Viacom's Nickelodeon networks have broadcast Rainbow's shows worldwide. Nickelodeon's American studios have also collaborated with Rainbow on multiple productions, including Winx Club and Club 57 . Later, in October 2011, Viacom purchased a majority stake in Bellator Fighting Championships . Spike TV started to air Bellator in 2013, after
594-428: A dividend. The second Viacom was created by Redstone and headed by Freston. It consisted of BET Networks , MTV Networks, and Paramount Pictures . It started trading on January 3, 2006. In June 2005, Viacom announced its purchase of Neopets , a virtual pet website, along with GameTrailers , GoCityKids, and iFilm . That December, Paramount announced it would acquire DreamWorks Pictures . All indications were that
660-402: A follow-up video, the channel estimated that rights holders had unlawfully claimed over $ 2 billion from 2014 to 2019. On November 6, 2021, Jose Teran of Scottsdale, Arizona and his co-conspirator, Webster Batista, was charged by a federal grand jury of 30 felony counts which include Conspiracy, Wire Fraud, and Transactional Money Laundering. Teran, in pleading guilty, admitted that they created
726-422: A hit in revenue for Viacom and a gain in advertisement revenue for YouTube. The complaint contended that almost 160,000 unauthorized clips of Viacom's programming were made available on YouTube and that these clips had collectively been viewed more than 1.5 billion times. In July 2008, the case generated controversy when District Judge Louis Stanton ruled that YouTube was required to hand over data detailing
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#1732909517669792-527: A letter to Viacom and CBS Corporation , encouraging the two companies to merge back into one company. On December 12, the deal was called off. On January 12, 2018, CNBC reported that Viacom had re-entered talks to merge back into CBS Corporation after the AT&T - Time Warner merger was planned, as well as Disney 's proposed acquisition of most 21st Century Fox assets and heavy competition from companies such as Netflix and Amazon . Shortly afterward, it
858-497: A marketing division, Viacom Velocity. On April 1, 2014, Cable One removed 15 channels owned by Viacom (MTV, VH1, Nickelodeon, and TV Land ) off after the two companies failed to reach an agreement. Channels were replaced with other networks, including BBC America , Sprout , Sundance TV , IFC , Investigation Discovery , TV One , CMP/TV, National Geographic Channel , and TheBlaze . The change has been deemed permanent. On May 1, 2014, Viacom announced it had agreed to take over
924-618: A motion for summary judgment , holding that Google was protected by provisions of the Digital Millennium Copyright Act , notwithstanding evidence of intentional copyright infringement. Viacom announced its intention to appeal the ruling. On April 5, 2012, the ruling was overturned by the United States Court of Appeals for the Second Circuit . Writing for a two-judge panel (because Judge Roger Miner had died while
990-423: A new company named Imagem (now part of Concord Music Publishing ). Sony/ATV Music Publishing overtook Universal Music Publishing as the world's largest music publisher in 2013 after acquiring EMI Music Publishing . On May 7, 2013, UMPG acquired American music publisher Criterion Music Corporation. On January 1, 2015, Jody Gerson was named the chairman and CEO of Universal Music Publishing Group, becoming
1056-489: A new proposal and a request to continue broadcasting 17 of Viacom's television networks (including Nickelodeon, MTV, Logo , and Comedy Central ) during talks, but received no response and thus Viacom ceased transmission to DirecTV's 20 million subscribers. On July 11, in a counter response to DirecTV advising its subscribers to view original programming from the affected networks online, Viacom scaled back access to recent episodes of Viacom-owned program content available to
1122-612: A preferred publisher partner for casual game development and distribution through MSN and Windows . On the advertisement side of the deal, Microsoft's Atlas ad-serving division became the exclusive provider of previously unsold advertising inventory on Viacom owned websites. Also, Microsoft purchased a large amount of advertising on Viacom owned broadcasts and online networks. Finally, Microsoft would also collaborate on promotions and sponsorships for MTV and BET award shows, two Viacom-owned cable networks. On December 4, 2008, Viacom announced layoffs of 850 personnel, or 7% of their workforce. At
1188-678: A record that has not been achieved by any publisher since 2014. On February 27, 2024, TikTok announced that its license to use UMPG's catalogue would expire on March 1. At the beginning of February 2024, Universal Music Group had removed its entire recorded catalogue from the app. UMPG is the music publishing partner of many film/TV studios globally, including Universal Pictures , Warner Bros. Pictures , Lionsgate , MGM , Paramount , Disney Europe (and other territories), Viacom , Amazon , HBO , DreamWorks , DreamWorks Animation , Legendary Pictures , MarVista Entertainment , NBC , and Sesame Workshop , among many others. UMPG administers
1254-522: A theater company headed by businessman Sumner Redstone . The split was structured so that the original Viacom changed its name to CBS Corporation and spun out its cable and film interests as a new Viacom. The second Viacom operated Viacom Media Networks , through which it controlled approximately 170 networks and reached approximately 700 million subscribers in approximately 160 countries. Viacom's studio assets included Paramount Pictures , MTV Films , and Nickelodeon Animation Studio , as well as
1320-443: A third of the monetized views on YouTube. In 2016, Google stated that Content ID had paid out around $ 2 billion to copyright holders (compared to around $ 1 billion by 2014), and had cost $ 60 million to develop. In 2018, YouTube released a feature known as "Copyright Match", which was initially available to channels with more than 100,000 cumulative views. Unlike Content ID, Copyright Match is used to detect and list verbatim copies of
1386-599: A video he uploaded which contained only white noise. In September 2018, a German university professor uploaded videos with several classical music performances for which their copyright had expired, because both the composers were dead long ago, and the performances were not covered anymore by copyright. After he received several copyright violations by YouTube, he could lift the majority of them, but Deutsche Grammophon refused to lift two of them even if their copyright had expired. In December 2018 TheFatRat complained that Content ID gave preference to an obvious scammer who used
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#17329095176691452-709: Is a global music publishing company and is part of the Universal Music Group . Universal Music Publishing has been ranked the #1 music publisher in market share by Billboard for multiple consecutive quarters. The company is home to major songwriters and artists, including Taylor Swift , Bad Bunny , Drake , Kendrick Lamar , The Weeknd , Rosalía , Steve Lacy , Elton John , Adele , SZA , Harry Styles , Post Malone and more. UMPG has recently made historic catalogue acquisitions, including Bob Dylan , Sting , and Neil Diamond . UMPG's catalogue consists of over four million songs, with offices in 40 countries. UMPG
1518-543: The 60,000 title Rondor Music Catalog and also owns or administers a multitude of others including: Interscope and Def Jam Music, WildBrain , Amazon MGM Studios and Metro-Goldwyn-Mayer, All Nations Music, Charlie Daniels , Casa Ricordi , Matraca Berg, DreamWorks Animation, HBO, Paramount Global (excluding CBS and Showtime Networks ), Warner Bros., Sesame Street , Lionsgate, Disney Music Publishing , Forerunner Music, Epitaph Records , Greenwich/Barry , Momentum Publishing, and John Philips. UMPG also owns or administers
1584-454: The British broadcaster Channel 5 from Northern & Shell , the media group owned by the British newspaper publisher Richard Desmond . Viacom becomes the first American media company to take over a British broadcaster with a public service remit. The purchase of Channel 5 closed on September 10, 2014. On October 1, 2014, Suddenlink Communications , removed channels owned by Viacom off after
1650-546: The CBS-branded assets. However, on August 7, 2019, both CBS and Viacom delayed their merger announcement as the two companies reported the quarterly earnings, though the talks about the re-merger continues. On August 13, 2019, CBS and Viacom officially announced their merger; CBS would purchase Viacom and change its name to ViacomCBS (now Paramount Global ). Bakish would become president and CEO of ViacomCBS with Ianniello serving as chairman and CEO of CBS, where he would oversee
1716-450: The CBS-branded assets. Shari Redstone would also serve as chairwoman of the new company. On October 29, 2019, National Amusements approved the re-merger deal and expected to close the deal in early December with the recombined company trading its shares on Nasdaq under the symbols "VIAC" and "VIACA". On December 4, the deal was completed. In February 2007, Viacom sent upwards of 100,000 Digital Millennium Copyright Act takedown notices to
1782-492: The Viacom board appointed Bob Bakish as acting CEO. His appointment as president and CEO was made permanent on December 12, 2016. In November 2017, Viacom announced the opening of a new digital content division named Viacom Digital Studios. The company has hired former AwesomenessTV chief business officer Kelly Day to lead the studio. Day began her duties on November 20. In February 2018, Viacom announced their plans to acquire
1848-410: The Viacom deal, such as Metro-Goldwyn-Mayer (MGM), Lionsgate or Sony Pictures . Moonves also considered Bakish a threat because he did not want an ally of Redstone as a board member of the combined company. On September 9, 2018, Moonves left CBS after being accused by twelve women of sexual assault. National Amusements agreed to not propose a CBS-Viacom merger for at least two years after the date of
1914-834: The Viacom/CBS split, the Viacom board consisted of George S. Abrams, Philippe Dauman, Thomas E. Dooley , Ellen V. Futter , Robert Kraft , Alan Greenberg, Charles Phillips, Sumner Redstone (chairman), Shari Redstone (non-executive vice-chair), Frederic Salerno, and William Schwartz. As of 2010, the Board consisted of George Abrams, Philippe Dauman, Thomas E. Dooley, Alan Greenberg, Robert Kraft , Blythe McGarvie , Bob Bakish , Charles Phillips , Shari E. Redstone, Sumner Redstone , Frederic Salerno, and William Schwartz. More than 400,000 television service subscribers. Universal Music Publishing Group Universal Music Publishing Group ( UMPG )
1980-409: The automated system to claim ownership of his content and thereby steal his revenue. In April 2019, WatchMojo - one of the largest YouTube channels with over 20 million subscribers and 15 billion views with an extensive library of videos that rely on fair use - released a video that relied on its 10-year experiences managing claims and strikes via Content ID to highlight instances of alleged abuse. In
2046-447: The company and forcing a merger that was not supported by CBS or Viacom . CBS also accused Redstone of discouraging Verizon Communications from acquiring it, which could have been beneficial to its shareholders. On May 23, 2018, Les Moonves explained that he considered the Viacom channels to be an "albatross," and while he favored more content for CBS All Access (now Paramount+), he believed that there were better deals for CBS than
Content ID - Misplaced Pages Continue
2112-466: The content owner. Only uploaders who meet specific criteria can use Content ID. These criteria make the use of Content ID without the aid of a major backer difficult, limiting its usage to big corporations in practice. Between 2007 and 2009, companies including Viacom , Mediaset , and the English Premier League filed lawsuits against YouTube, claiming that it has done too little to prevent
2178-558: The continental Europe, the United Kingdom, Israel and Ireland, as well as countries in the Caribbean and Africa. In March 2023, UMPG was ranked No. 1 on Billboard's Publishers Quarterly on the Hot 100 for the third consecutive quarter, which is taken from official Hot 100 chart data. Additionally, the portfolio publisher made history holding more than 30% market share for the past three quarters,
2244-462: The end of the year, Time Warner Cable (along with partner Bright House Networks ) and Viacom's MTV Networks could not come to terms for the renewal of any Viacom channel beyond the end of year. Time Warner Cable's operations include New York City and Los Angeles, with Bright House including the Tampa Bay and Orlando markets, both top-20 markets. This blackout was narrowly avoided when a zero-hour deal
2310-619: The fake music publishing company MediaMuv L.L.C. from which they claimed 50,000 songs and received royalty payments amounting to $ 20,776,517.31 using YouTube's Content ID System. On June 26, 2023, Teran was sentenced to 70 months in prison by Judge Douglas L. Rayes . According to the U. S. Attorney's Office, District of Arizona, the case has been dubbed as "one of the largest music-royalty frauds ever perpetrated." Viacom (2005%E2%80%932019) The second phase of Viacom Inc. ( / ˈ v aɪ ə k ɒ m / VY -ə-kom or / ˈ v iː ə k ɒ m / VEE -ə-kom ;
2376-610: The first woman CEO of a global music company and the first female to run a major music publishing company. Gerson made history as the first publishing executive and first woman to be named Billboard's 'Executive of the Year' for their Power 100 list. She was also named Variety Hitmakers' Executive of the Year in 2019. In December 2015, she was named Executive of the Year by Billboard Magazine in its Women in Music issue. In 2018 Disney Music Publishing and UMPG expanded their business relationship to
2442-613: The games. Since April 2016, videos continue to be monetized while the dispute is in progress, and the money goes to whoever won the dispute. Should the uploader want to monetize the video again, they may remove the disputed audio in the "Video Manager". YouTube has cited the effectiveness of Content ID as one of the reasons why the site's rules were modified in December 2010 to allow some users to upload videos of unlimited length. The music industry has criticized Content ID as inefficient, with Universal Music Publishing Group (UMPG) estimating in
2508-557: The internet video conference VidCon in an effort to reach out to youth audiences (in a similar way to Viacom's Nickelodeon and MTV channels). In the same month, Viacom announced that they would launch an official Viacom streaming service in fall 2018, in another effort by Bakish to revitalize the company. This streaming service would support ads (similar to Hulu) and was expected to include television series from Viacom Media Networks that have not been available on other services, such as Hulu or Amazon Prime Video . Bakish has stated that
2574-540: The music publishing business since 1964, when it acquired Lou Levy 's Leeds Music. In August 2000, UMPG acquired Rondor Music from Herb Alpert and Jerry Moss for roughly $ 400 million. It included former music publishing arms of A&M Records , I.R.S. Records , Stax Records , and Shelter Records , as well as Sea of Tunes . The purchase added 60,000 copyrights to Universal's library. In 2006, Universal Music Publishing Group acquired BMG Music Publishing from Bertelsmann Music Group for €1.63 billion, back then
2640-407: The near future, and a split was seen as a creative solution to the matter of replacing him. It was also intended to provide alternative investments that would be more appealing to investors: one a high cash flow, lower growth company that could afford to pay a substantial dividend and the other a growing company that would have greater investment opportunities and therefore would not be expected to pay
2706-528: The one from Viacom , which alleged that YouTube profited from content that it did not have the right to distribute. The system was initially called "Video Identification" and later became known as Content ID. By 2010, YouTube had "already invested tens of millions of dollars in this technology". In 2011, YouTube described Content ID as "very accurate in finding uploads that look similar to reference files that are of sufficient length and quality to generate an effective ID File". By 2012, Content ID accounted for over
Content ID - Misplaced Pages Continue
2772-400: The platform. Prior to 2016, videos weren't monetized until the dispute was resolved. In December 2013, Google changed the way the system worked (seemingly to cover YouTube in case of lawsuits), leading to numerous content creation copyright notices being sent to YouTube accounts. Those notices led to ad revenues being automatically diverted to third parties, which sometimes had no connection to
2838-472: The re-combined company. Viacom rejected the offer as being too low, requesting an increase of $ 2.8 billion, and requesting that Bob Bakish be maintained as president and COO under Moonves. It was reported that these conflicts had resulted from Shari Redstone seeking more control over CBS and its leadership. Eventually, on May 14, 2018, CBS Corporation sued its and Viacom's parent company National Amusements and accused Redstone of abusing her voting power in
2904-650: The rights to the Ultimate Fighting Championship (UFC) library ended in 2012. On December 1, 2011, the company stopped trading on the New York Stock Exchange (NYSE) and began listing its securities on Nasdaq instead. The stock ticker symbols are the same as that used while the company was on the NYSE. On July 10, 2012, during contract negotiations over raising carrier rates the U.S. satellite TV provider, DirecTV 's executives approached Viacom with
2970-509: The settlement. On May 30, 2019, CNBC reported that CBS and Viacom would explore merger discussions in mid-June 2019. CBS's board of directors was revamped with people who were open to a merger. The re-merger was made possible with the resignation of Moonves (who opposed all attempts for a Viacom merger). The talks had started following rumors of CBS acquiring Starz from Lionsgate. Reports say that CBS and Viacom reportedly set August 8 as an informal deadline for reaching an agreement to recombine
3036-489: The site. On March 18, 2014, the lawsuit was settled after seven years with an undisclosed agreement. In June 2007, YouTube began trials of a system for automatic detection of uploaded videos that infringe copyright. This system uses 'digital fingerprints' of songs or videos to automatically identify their matches. More precisely, it detects the unauthorized use of copyright-protected content. Google CEO Eric Schmidt regarded this system as necessary for resolving lawsuits such as
3102-422: The streaming service would serve as a "complement" to OTT MVPDs , rather than a replacement. In April 2018, Viacom hosted its first presentation at the annual Digital Content NewFronts, where they announced new original content for sites such as Facebook , Twitter , and Snapchat . They also announced the expansion of VidCon to London in 2019 at the same conference. On July 25, 2018, Viacom announced that it
3168-464: The third largest publishing group in the world, making Universal Music the largest music publisher in the world. It included the catalogs of Éditions Durand and Casa Ricordi and former music publishing arms of Benson Records and Zomba . As part of the acquisition of BMG Music Publishing, Universal divested the catalogues of Zomba UK (and the European rights to Zomba USA), Rondor UK, 19 Music and BBC to
3234-746: The trial was pending) of the Second Circuit , Judge José A. Cabranes concluded that "a reasonable jury could find that YouTube had actual knowledge or awareness of specific infringing activity on its website". Eric Goldman , a professor at the Santa Clara University School of Law , expressed concern that the ruling would negatively affect startups , by making them "more hair-trigger on taking down news or content, for fear that failure to do so will be held against them by content providers". On April 18, 2013, Judge Stanton issued another order granting summary judgment in favor of YouTube. An appeal
3300-699: The two companies failed to reach an agreement. Channels were replaced with other networks including Sprout, FXX , Pivot , Uplifting Entertainment , Investigation Discovery, Oprah Winfrey Network , Women's Entertainment , and TheBlaze. On August 20, 2016, a settlement between Sumner and Shari Redstone and Philippe Dauman was reached that would have him resign as chief executive officer and be replaced with Thomas E. Dooley as interim CEO. Dauman would continue to serve as chairman until September 13. On May 25, 2017, Viacom channels returned to Suddenlink after nearly 3 years of absence. In November 2016, Viacom bought Argentine television network Telefe . In December 2016,
3366-407: The two media companies. CBS announced to acquire Viacom as part of the re-merger deal for up to $ 15.4 billion. On August 2, 2019, it was reported that CBS and Viacom agreed to merge back into one entity. Both companies came to an agreement on the management team for its merger with Bakish serving as CEO of the combined company and president and acting CEO of CBS, as Joseph Ianniello oversees
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#17329095176693432-411: The uploading of copyrighted material. Viacom, demanding $ 1 billion in damages, said that it had found more than 150,000 unauthorized clips of its material on YouTube that had been viewed "an astounding 1.5 billion times". During the same court battle, Viacom won a court ruling requiring YouTube to hand over 12 terabytes of data detailing the viewing habits of every user who had watched videos on
3498-493: The use of Audible Magic's own "Content ID" fingerprinting technology. When Google bought YouTube, in November of the same year, the license was transferred to Google. The agreement was terminated in 2009, but in 2014 Google obtained a trademark for its own "Content ID" implementation. Audible Magic sued Google the same year on the basis that they owned the "Content ID" trademark and therefore that Google trademarking their implementation
3564-579: The video-sharing service YouTube for copyright reasons. On February 21, Viacom publicly announced they would be offering free online access to their material through Silicon Valley's distributor Joost . On May 21, 2007, Viacom entered into a 50–50 joint venture with Indian media company Network 18 to form Viacom 18 which would house Viacom's existing channels in India: MTV , VH1 and Nickelodeon as well as Network 18's Bollywood movie business. All future Viacom content for India and new ventures such as
3630-434: The video-sharing site YouTube . Of the 100,000 notices, approximately 60–70 non-infringing videos were removed under the auspices of copyright infringement. On March 13, 2007, Viacom filed a US$ 1 billion legal claim ( Viacom International Inc. v. YouTube, Inc. ) against Google and YouTube alleging massive copyright infringement , alleging that users frequently uploaded copyrighted material to YouTube—enough to cause
3696-450: The viewing habits of every user who had ever watched videos on the site. Judge Stanton rejected Viacom's request for YouTube to hand over the source code of its search engine system, saying that the code was a trade secret . Google and Viacom later agreed to allow Google to anonymize all the data before handing it over to Viacom. On June 23, 2010, Judge Stanton ruled in Google's favor in
3762-410: The websites of its networks. Viacom described this as a "temporary slimdown" until a new carriage deal with DirecTV was reached. Viacom and DirecTV reached an agreement on July 20 to return the interrupted programming. In 2012 CEO Phillip Dauman began to report Viacom's intentions to bundle past programming and make it available on-demand via services like Hulu. On January 22, 2014, Viacom established
3828-788: The whole of DreamWorks—both live-comedy film and television studios, albeit not the DreamWorks archive (which was sold to a group led by George Soros in March 2006) nor the animated unit (which was not part of the deal)—would remain owned by Viacom, even though CBS Corporation acquired Paramount's television studio . In February 2006, Paramount completed the acquisition of DreamWorks. On April 24, Viacom obtained Xfire . In August, Viacom announced that it had acquired Atom Entertainment for $ 200 million. In September, Viacom acquired game developer Harmonix for $ 175 million. In February 2007, Viacom ordered leaked copyrighted video clips be taken off
3894-410: Was a fraud. An independent test in 2009 uploaded multiple versions of the same song to YouTube, and concluded that while the system was "surprisingly resilient" in finding copyright violations in the audio tracks of videos, it was not infallible. The use of Content ID to remove material automatically has led to controversy in some cases, as the videos have not been checked by a human for fair use. If
3960-591: Was begun, but the week before the parties were to appear in the 2nd U.S. Circuit Court of Appeals, a settlement was announced, and it was reported that no money changed hands. Viacom and its alternative name B_Viacom have since taken to removing videos or blocked countries themselves. The previous board of directors of Viacom were George S. Abrams, David Andelman, Joseph Califano, Jr. , William Cohen , Philippe Dauman , Alan C. Greenberg , Charles Phillips , Shari Redstone , Sumner Redstone (deceased), Frederic Salerno, William Schwartz, and Robert D. Walter . Following
4026-402: Was completed on December 4, resulting in the creation of ViacomCBS (now Paramount Global ). In March 2005, the first Viacom announced plans of exploring the option of splitting the company into two publicly traded companies because of a stagnating stock price and the rivalry between Les Moonves and Tom Freston , longtime heads of CBS and MTV Networks , respectively. Also, the company
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#17329095176694092-467: Was facing issues after MTV was banned from producing any more Super Bowl halftime shows after the Super Bowl Halftime Show controversy in 2004. After the departure of Mel Karmazin in 2004, Sumner Redstone , who served as chairman and chief executive officer, decided to split the offices of president and chief operating officer between Moonves and Freston. Redstone was set to retire in
4158-533: Was formerly known as MCA Music Publishing until it merged with PolyGram in 1998 when Seagram acquired PolyGram for $ 10.4 billion. PolyGram's music business was merged into Seagram's MCA Records . The merger was effected in January 1999, forming a new company named Universal Music Group . The merger also included both record labels' music publishers. The PolyGram catalog included Dick James Music , Welk Music , Cedarwood Publishing, and Sweden Music . MCA had been in
4224-472: Was in talks to acquire AwesomenessTV for a fraction of the company's $ 650 million valuation in 2016. Two days later on July 27, Viacom officially acquired the company for $ 25 million. Jordan Levin would leave his position as CEO of AwesomenessTV following the acquisition. In January 2019, it was announced that Viacom has acquired Internet television streaming service, Pluto TV for $ 340 million. On September 29, 2016, National Amusements sent
4290-515: Was reached shortly after midnight on January 1, 2009. On December 7, 2009, Viacom sold its stake in MTV Brasil to Grupo Abril along with rights to the brand. Details on the deal were not disclosed. In February 2011, Hulu and Viacom announced the return of The Daily Show with Jon Stewart and The Colbert Report to Hulu, along with shows from the Viacom library. Nickelodeon 's shows are not part of this deal. Also that month, Viacom became
4356-725: Was reported that the combined company could be a suitor for acquiring the film studio Lionsgate . Viacom and Lionsgate were both interested in acquiring The Weinstein Company (TWC) in the wake of sexual abuse allegations against Harvey Weinstein . Viacom was listed as one of 22 potential buyers that were interested in acquiring TWC. They lost the bid, and on March 1, 2018, it was announced that Maria Contreras-Sweet would acquire all of TWC's assets for $ 500 million. On March 30, 2018, CBS made an all-stock offer slightly below Viacom's market value and insisted that its existing leadership, including long-time chairman and CEO Les Moonves, oversee
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