Pair reunify after more than 10 years as separate companiesShari Redstone expected to be named chairwoman of the boardUS media companies CBS and Viacom announced a merger on Tuesday in a bid to strengthen their position as they take on Netflix’s stream…Read more
DreamWorks co-founder Jeffrey Katzenberg’s NewTV venture raises $1bn from Disney, Fox and othersITV has joined major Hollywood studios including Disney and Fox, two major Wall Street banks and the billionaire Walton family in a $1bn (£770m) investment …Read more
Company bosses celebrate ‘perfect match’, but deal could face regulatory hurdles as Republican warns against purchase and Democrats voice skepticism
The US telecoms giant AT&T has agreed to buy Time Warner, the owner of the Harry Potter and Batman film franchises as well as HBO, CNN and Cartoon Network, for $85.4bn (£70bn), creating a new media behemoth that will control both content and its distribution.Read more
Philippe Dauman and George Abrams, a director of the MTV and Comedy Central owner, are suing over their unexpected removal last week from the trust
The power struggle for control of media conglomerate Viacom escalated on Monday with the most trusted aide of the company’s chairman suing his boss, alleging he is being squeezed out of the business by the boss’s daughter.
Philippe Dauman, chief executive of MTV and Comedy Central owner Viacom, and George Abrams, a Viacom director, are suing over their unexpected removal last week from the trust that will control Viacom when its driving force, 93-year-old Sumner Redstone, dies.Read more
The 92-year-old media mogul, who has been rumored to be in poor health, stepped down a day after handing over CBS chairman position to Leslie MoonvesMedia mogul Sumner Redstone relinquished control of his media empire on Thursday amid continuing rumors…Read more
The 92-year-old should be forced to have a brain scan and prove he is fit to run his media empire, documents say, but lawyers reject the accusations as ‘baseless’
Sumner Redstone, the 92-year-old executive chairman of Viacom and CBS, is a “living ghost” and prone to uncontrollable crying fits, according to a lawsuit which questions his ability to run the media companies.
The lawsuit filed by Manuela Herzer, one of the billionaire media mogul’s former girlfriends, asks for Redstone to be submitted to a brain scan and demands that he receive a mental examination to determine whether he can still make decisions for himself.Read more