Shopping on line can be easy, simple and save you lots of money. It can also take a lot of your time, frustrate you, and result in unwanted purchases. Now the same can be said for regular high street shopping, but with the vast opportunity presented by the Internet it will pay you to spend a few minutes reading this and understanding how to better optimize your Viacom shopping experience:
1. Compare - without doubt the biggest advantage that the Viacom offers shoppers today is the ability to compare thousands of Viacom at a time. This is a great thing, but not necessarily all the time! Too much can be daunting at times so take advantage of the great comparison sites and where possible let them do the hard work for you.
2. Research - if it has been said it will be on the internet. Ignorance is no longer a justifiable reason for buying the wrong thing. Take the time to research in detail everything that you could possible want to know about
3. Testimonials - don't know anybody that has bought a Viacom? Wrong! If the Viacom is good the internet will let you know. Use the Internet as a friend and get testimonials before you buy.
4. Questions - Got a question about Viacom then search the Forums, FAQ's, Blogs etc. Don't be afraid to ask .....
5. Reputation - Never heard of the company selling Viacom? Don't worry, no reason why you should know every company in the world, but you know someone that does! Use the internet to find out what people are saying about Viacom and build up a picture of their reputation for sales, returns, customer service, delivery etc.
6. Returns - still worried that even after all of the above your Viacom wont be what you want? Check out the returns policy. There is so much competition now that someone, somewhere is bound to offer the terms that you are comfortable with.
7. Feedback - happy with your Viacom then let people know, after all you are depending on others people input in your buying decision, so why not give a little back.
8. Security - check for the yellow padlock on the Viacom site before you buy, and the s after http:/ /i.e. https:// = a secure site
9. Contact - got a question about Viacom, or want to leave a comment then check out the sites contact page. Reputable companies have them and respond.
10. Payment - ready to pay for your Viacom, then use your credit card or PayPal! Be aware of companies that don't accept them, there may be genuine reasons but given the huge amount of choice you have when buying online there is no reason at all not to buy via credit card or PayPal.
This page is about the post-2005 Viacom. For the company known as Viacom prior to 2006 (and now known as CBS Corporation), see Viacom (1971-2005).
{{Infobox_Company | company_name = Viacom, Inc. |
company_logo = ] |
company_type = Public company ([New York Stock Exchange: [http://www.nyse.com/about/listed/lcddata.html?ticker=VIAB VIAB, http://www.nyse.com/about/listed/lcddata.html?ticker=VNV VNV)|
company_slogan = |
foundation = Although Viacom was originally founded in 1971 (split from the original CBS Corporation), it was reincorporated in , and the current Viacom was spun off (re-founded) from CBS Corporation (which is, formally, the 1986 Viacom renamed) on January 1 [.|
location = [New York, New York, [USA|
key_people = [Sumner Redstone, Chairman (through [National Amusements, owns a controlling amount of voting shares)[Philippe Dauman, President & CEO|
parent = [National Amusements; the company owns a controlling amount of voting share (through [New Viacom Corporation) |
num_employees = 9,500 (2006) |
industry = [Cable TV, [Film|
products = [MTV, [Nickelodeon (TV channel), [Black Entertainment Television, [#Assets|
revenue = {{profit-->$9.609 Billion United States dollar (2005)[http://www.viacom.com/2006/pdf/Viacom10KMar2006.PDF|
net_income = {{profit-->$1.256 Billion [United States dollar (2005)|
homepage = http://www.viacom.com/ www.viacom.com
-->'Viacom
() () is an United States media conglomerate with various worldwide interests in cable television and satellite television networks (MTV Networks and Black Entertainment Television), and movie production and distribution (the Paramount Pictures and DreamWorks movie studios). Sumner Redstone is the Chairman and, through National Amusements, the majority shareholder.The new Viacom is considered to be the "high-growth" side of the much larger former Viacom. The former Viacom was renamed
CBS Corporation, from which this firm was split off on
December 31,
2005. CBS, not Viacom, retains control of the over-the-air broadcasting, TV production, and publishing assets formerly owned by the larger company. However, National Amusements remains the common majority shareholder of both firms.
History
In March 2005, the Viacom (1971-2005) (now known as CBS Corporation) announced plans of looking into splitting the company into two publicly traded companies. The company was not only dealing with a stagnating stock price, but also the rivalry between
Leslie Moonves and Tom Freston, longtime heads of CBS and MTV Networks respectively.
After the departure of
Mel Karmazin in 2004, 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 the near future, and a split would be a creative solution to the matter of replacing him.
The split was approved by Viacom's board June 14,
2005, approved
December 31,
2005, and effectively undid the Viacom/CBS merger of 1999. The original Viacom changed its name to
CBS Corporation and is headed by Moonves. It now includes Viacom's "slow growth businesses", namely
CBS,
The CW (formerly
The WB Television Network and
UPN), CBS Radio,
Simon & Schuster, CBS Outdoor, Showtime,
CBS Records,
CBS Paramount Television and most television production assets.
These, according to some analysts, were suffocating the growth of the MTV Networks cable businesses (the split was structured such that CBS Corporation is actually the company previously known as Viacom). At the time of the split, CBS Corporation was also given control of Paramount Parks. CBS sold Paramount Parks to
amusement parks management company
Cedar Fair, L.P. on
June 30,
2006.
A new company, the present Viacom, was also spun-off and was headed by Freston. It is comprised of MTV Networks, BET Networks, Paramount's movie studio, and Paramount Pictures' home entertainment operations. These businesses are categorized as the high-growth businesses (MTV Networks and BET Networks in particular), and if they were split into a separate company, it could infuse new capital to allow for future acquisitions and expansion.
Sumner Redstone still controls 71 percent of the voting stock of both companies and is the chairman of both companies.
2005
In June, Viacom announced its purchase of
Neopets, a virtual pet website. That December, Paramount announced it would acquire
DreamWorks. All indications are that the whole of DreamWorks - both live-action film and TV studios, albeit not the DreamWorks archive - which was sold to a group led by George Soros in March 2006 - (nor the
DreamWorks Animation, which was not part of the deal) will remain owned by Viacom, even though CBS acquired Paramount's own TV studio.
2006
On
February 1, Paramount completed its long-awaited acquisition of DreamWorks. As of April 24, Viacom has obtained
Xfire. In August, just hours before announcing its most recent quarterly earnings, Viacom announced that it had acquired Atom Entertainment for $200 million. In September, Viacom acquired game developer
Harmonix for $175 million dollars.
2007
In February, Viacom ordered leaked copyrighted video clips be taken off of the videosharing service YouTube due to claims of noncompensation for the violation of their own copyright. On February 21, Viacom publicly announced they would be offering free online access to their own material through Silicon Valley's distributor Joost thanks to a thorough content licensing deal.
On
May 21, Viacom entered into a 50-50 joint venture with Indian media company Global Broadcast News to form
Viacom-18 which will house Viacom's existing channels in India - MTV, VH1 and Nick as well as Network 18's Bollywood movie business. All future Viacom content for India and new ventures such as a
Hindi entertainment channel and a Hindi movie channel would be housed in this JV.
Copyright complaints against YouTube
In February 2007, Viacom sent upwards of 100,000
DMCA takedown notices to the video-sharing site
YouTube, alleging large-scale copyright infringement. Of the 100,000, approximately 70,000 non-infringing videos were erroneously removed under the auspices of copyright infringement. Media Companies Blast YouTube for Anti-Piracy Policy.
On March 13,
2007, Viacom filed a US $1 billion
lawsuit against
Google and
YouTube alleging massive
copyright infringement, alleging that users frequently uploaded copyrighted material to YouTube - enough to cause a hit in revenue for Viacom and a gain in advertisement revenue for YouTube. Text of complaint
The complaint contends that almost 160,000 unauthorized clips of Viacom’s programming have been available on YouTube and that these clips had been viewed more than 1.5 billion times.
Viacom International
As with the old Viacom, the current company owns Viacom International, which is the formal owner of copyrights associated with Viacom's corporate website and its cable networks. This division now owns the rights to a majority of
Elvis Presley films made for Paramount Pictures, such as
Blue Hawaii and
King Creole.
It also continues to focus on its own in-house productions made for its various networks (MTV, VH1, Nickelodeon, etc.) – these programs include
Dora the Explorer,
Wow! Wow! Wubbzy!,
LazyTown,
SpongeBob SquarePants,
Catscratch,
The Hills and
Behind The Music.
Corporate governance
The previous
board of directors of Viacom were
George Abrams, Vincent Erazo, David Andelman, Joseph A. Califano, Jr., William Cohen,
Philippe Dauman,
Alan Greenberg, Charles Phillips, Shari Redstone,
Sumner Redstone,
Frederic Salerno, William Schwartz, and
Robert D. Walter.
Following the Viacom/CBS split, the Viacom board consisted of George Abrams, Philippe Dauman,
Thomas E. Dooley, Tom Freston, 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 September 5,
2006 Tom Freston has resigned from the company. He is replaced by Philippe P. Dauman.
Assets
This is a summary of the main Viacom divisions. For detailed assets see List of assets owned by Viacom.
- Film Production and Distribution: Viacom International, Paramount Pictures, DreamWorks, Republic Pictures, MTV Films, Nickelodeon Movies, Go Fish Pictures
- Television Networks: Entertainment: Comedy Central, Logo (TV channel), Black Entertainment Television, Spike (TV channel), TVLand, Nick-at-Nite Children's Entertainment: Nickelodeon (TV channel), Noggin (TV channel), The N, Nick Jr., TEENick Music: MTV, VH1, MTV2, Country Music Television, MHD (TV network)
- Television Production and Television Distribution: DreamWorks Television
- Video Gaming: Xfire, Harmonix, GameTrailers, Neopets
Footnote
See also
External links
- Viacom website
- Ketupa.net - Viacom
- Viacom information by Hoover's
- Viacom profile by Yahoo!
- Split documentation - SEC filing on Form S-4 from October 5 2005 describing the split.
This page is about the post-2005 Viacom. For the company known as Viacom prior to 2006 (and now known as CBS Corporation), see Viacom (1971-2005).
{{Infobox_Company | company_name = Viacom, Inc. |
company_logo = ] |
company_type = Public company ([New York Stock Exchange: [http://www.nyse.com/about/listed/lcddata.html?ticker=VIAB VIAB, http://www.nyse.com/about/listed/lcddata.html?ticker=VNV VNV)|
company_slogan = |
foundation = Although Viacom was originally founded in 1971 (split from the original CBS Corporation), it was reincorporated in , and the current Viacom was spun off (re-founded) from CBS Corporation (which is, formally, the 1986 Viacom renamed) on January 1 [.|
location = [New York, New York, [USA|
key_people = [Sumner Redstone, Chairman (through [National Amusements, owns a controlling amount of voting shares)[Philippe Dauman, President & CEO|
parent = [National Amusements; the company owns a controlling amount of voting share (through [New Viacom Corporation) |
num_employees = 9,500 (2006) |
industry = [Cable TV, [Film|
products = [MTV, [Nickelodeon (TV channel), [Black Entertainment Television, [#Assets|
revenue = {{profit-->$9.609 Billion United States dollar (2005)[http://www.viacom.com/2006/pdf/Viacom10KMar2006.PDF|
net_income = {{profit-->$1.256 Billion [United States dollar (2005)|
homepage = http://www.viacom.com/ www.viacom.com
-->'Viacom
() () is an United States media conglomerate with various worldwide interests in cable television and satellite television networks (MTV Networks and Black Entertainment Television), and movie production and distribution (the Paramount Pictures and DreamWorks movie studios). Sumner Redstone is the Chairman and, through National Amusements, the majority shareholder.The new Viacom is considered to be the "high-growth" side of the much larger former Viacom. The former Viacom was renamed CBS Corporation, from which this firm was split off on December 31,
2005. CBS, not Viacom, retains control of the over-the-air broadcasting, TV production, and publishing assets formerly owned by the larger company. However, National Amusements remains the common majority shareholder of both firms.
History
In March 2005, the
Viacom (1971-2005) (now known as CBS Corporation) announced plans of looking into splitting the company into two publicly traded companies. The company was not only dealing with a stagnating stock price, but also the rivalry between Leslie Moonves and Tom Freston, longtime heads of
CBS and MTV Networks respectively.
After the departure of
Mel Karmazin in 2004, 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 the near future, and a split would be a creative solution to the matter of replacing him.
The split was approved by Viacom's board June 14,
2005, approved
December 31, 2005, and effectively undid the Viacom/CBS merger of 1999. The original Viacom changed its name to
CBS Corporation and is headed by Moonves. It now includes Viacom's "slow growth businesses", namely
CBS,
The CW (formerly
The WB Television Network and UPN), CBS Radio, Simon & Schuster,
CBS Outdoor, Showtime, CBS Records,
CBS Paramount Television and most television production assets.
These, according to some analysts, were suffocating the growth of the MTV Networks cable businesses (the split was structured such that CBS Corporation is actually the company previously known as Viacom). At the time of the split, CBS Corporation was also given control of Paramount Parks. CBS sold Paramount Parks to amusement parks management company
Cedar Fair, L.P. on June 30, 2006.
A new company, the present Viacom, was also spun-off and was headed by Freston. It is comprised of MTV Networks, BET Networks, Paramount's movie studio, and Paramount Pictures' home entertainment operations. These businesses are categorized as the high-growth businesses (MTV Networks and BET Networks in particular), and if they were split into a separate company, it could infuse new capital to allow for future acquisitions and expansion.
Sumner Redstone still controls 71 percent of the voting stock of both companies and is the chairman of both companies.
2005
In June, Viacom announced its purchase of Neopets, a virtual pet website. That December, Paramount announced it would acquire
DreamWorks. All indications are that the whole of DreamWorks - both live-action film and TV studios, albeit not the DreamWorks archive - which was sold to a group led by George Soros in March 2006 - (nor the
DreamWorks Animation, which was not part of the deal) will remain owned by Viacom, even though CBS acquired Paramount's own TV studio.
2006
On
February 1, Paramount completed its long-awaited acquisition of DreamWorks. As of April 24, Viacom has obtained Xfire. In August, just hours before announcing its most recent quarterly earnings, Viacom announced that it had acquired Atom Entertainment for $200 million. In September, Viacom acquired game developer Harmonix for $175 million dollars.
2007
In February, Viacom ordered leaked copyrighted video clips be taken off of the videosharing service YouTube due to claims of noncompensation for the violation of their own copyright. On
February 21, Viacom publicly announced they would be offering free online access to their own material through Silicon Valley's distributor
Joost thanks to a thorough content licensing deal.
On
May 21, Viacom entered into a 50-50 joint venture with Indian media company Global Broadcast News to form Viacom-18 which will house Viacom's existing channels in India - MTV, VH1 and Nick as well as
Network 18's
Bollywood movie business. All future Viacom content for India and new ventures such as a
Hindi entertainment channel and a Hindi movie channel would be housed in this JV.
Copyright complaints against YouTube
In February 2007, Viacom sent upwards of 100,000 DMCA takedown notices to the video-sharing site
YouTube, alleging large-scale copyright infringement. Of the 100,000, approximately 70,000 non-infringing videos were erroneously removed under the auspices of copyright infringement. Media Companies Blast YouTube for Anti-Piracy Policy.
On March 13, 2007, Viacom filed a US $1 billion lawsuit against
Google and
YouTube alleging massive copyright infringement, alleging that users frequently uploaded copyrighted material to
YouTube - enough to cause a hit in revenue for Viacom and a gain in advertisement revenue for
YouTube. Text of complaint
The complaint contends that almost 160,000 unauthorized clips of Viacom’s programming have been available on YouTube and that these clips had been viewed more than 1.5 billion times.
Viacom International
As with the old Viacom, the current company owns Viacom International, which is the formal owner of copyrights associated with Viacom's corporate website and its cable networks. This division now owns the rights to a majority of
Elvis Presley films made for Paramount Pictures, such as
Blue Hawaii and
King Creole.
It also continues to focus on its own in-house productions made for its various networks (MTV, VH1, Nickelodeon, etc.) – these programs include
Dora the Explorer,
Wow! Wow! Wubbzy!,
LazyTown,
SpongeBob SquarePants,
Catscratch,
The Hills and
Behind The Music.
Corporate governance
The previous board of directors of Viacom were
George Abrams, Vincent Erazo, David Andelman,
Joseph A. Califano, Jr.,
William Cohen, Philippe Dauman,
Alan Greenberg,
Charles Phillips, Shari Redstone,
Sumner Redstone,
Frederic Salerno, William Schwartz, and Robert D. Walter.
Following the Viacom/CBS split, the Viacom board consisted of George Abrams,
Philippe Dauman,
Thomas E. Dooley, Tom Freston, 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
September 5,
2006 Tom Freston has resigned from the company. He is replaced by Philippe P. Dauman.
Assets
This is a summary of the main Viacom divisions. For detailed assets see List of assets owned by Viacom.
- Film Production and Distribution: Viacom International, Paramount Pictures, DreamWorks, Republic Pictures, MTV Films, Nickelodeon Movies, Go Fish Pictures
- Television Networks: Entertainment: Comedy Central, Logo (TV channel), Black Entertainment Television, Spike (TV channel), TVLand, Nick-at-Nite Children's Entertainment: Nickelodeon (TV channel), Noggin (TV channel), The N, Nick Jr., TEENick Music: MTV, VH1, MTV2, Country Music Television, MHD (TV network)
- Television Production and Television Distribution: DreamWorks Television
- Video Gaming: Xfire, Harmonix, GameTrailers, Neopets
Footnote
See also
External links
- Viacom website
- Ketupa.net - Viacom
- Viacom information by Hoover's
- Viacom profile by Yahoo!
- Split documentation - SEC filing on Form S-4 from October 5 2005 describing the split.
Viacom
09.08.2008 MEDIA NETWORKS NEWS VH1 to Premiere 'New Kids on the Block: A Behind The Music Special Event' on Sunday, September 28
Career Centre | Viacom
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Viacom - Wikipedia, the free encyclopedia
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Viacom
by Randy Picker, The University of Chicago Law School Faculty Blog, July 9, 2008
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