CBS and Viacom agree billion-dollar merger to challenge Disney and Netflix

  • Pair reunify after more than 10 years as separate companies
  • Shari Redstone expected to be named chairwoman of the board

US media companies CBS and Viacom announced a merger on Tuesday in a bid to strengthen their position as they take on Netflix’s streaming insurgency and face up to the loss of “cord-cutter” viewers.

Related: Deepfake danger: what a viral clip of Bill Hader morphing into Tom Cruise tells us

Continue reading...

 

From our friends over at the : Business | The Guardian

 

You can see the Full Story: Click Here