CBS-Viacom merger will impact streaming

Discussion in 'Internet Streaming Services' started by phrelin, Aug 14, 2019.

  1. phrelin

    phrelin Hall Of Fame DBSTalk Club

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    I'm sure everyone has read one of the dozens of articles about the CBS-Viacom merger. It will have real impacts in the streaming world.

    Back in September 2016 in the thread CBS-Viacom reunited under Moonves? the idea of the merger was discussed. Since then, Les left CBS under a #MeToo cloud. Per one Deadline article on the new ViacomCBS Inc.:

    The new company’s board of directors will have 13 members. Six will be independent members from CBS, four will be independent members from Viacom, another will be the president and CEO of ViacomCBS and two will be picked by National Amusements (NAI), the longtime controlling shareholder of CBS and Viacom. NAI chief Shari Redstone will be board chair. Strauss Zelnick, who had been interim chair, announced months ago he did not intend to stay in the mix beyond his interim tenure.

    The new company’s board of directors will have 13 members. Six will be independent members from CBS, four will be independent members from Viacom, another will be the president and CEO of ViacomCBS and two will be picked by National Amusements (NAI), the longtime controlling shareholder of CBS and Viacom. NAI chief Shari Redstone will be board chair. Strauss Zelnick, who had been interim chair, announced months ago he did not intend to stay in the mix beyond his interim tenure.

    The younger Redstone now occupies a rare position of power and equity ownership for a woman in the entertainment industry.​

    The executives will be in a state of cross-corporate position switching, many temporary.

    We discussed in that 2016 thread the various assets of the two companies. But another Deadline article CBS-Viacom Merger: Telenovelas, British Formats & Business Down Under, What The Tie-Up Means In The Rest Of The World offers additional perspective in a discussion of the international assets. The "rest of the world" notwithstanding, I see many of those foreign assets providing programming that will stream to us.

    Over the next few years, with Disney, AT&T, ViacomCBS, and others reorganizing the ownership, the changes may be good, but I'm wary of the cost impacts on viewers.
     

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