Tag Archives: Viacom

Viacom announces multi-territory agreement with Facebook

Viacom Digital Studios has agreed to make a number of original short-form series for Facebook Watch in Europe, Americas and Asia. – Julian Clover, Broadband TV News » https://ift.tt/2PtLAcJ

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CBS Sues Shari Redstone and National Amusements in Bid to Block Viacom Merger

CBS is calling for a special board meeting on Thursday for directors to vote on a proposal to issue a special stock dividend that would dilute the preferred voting power that National Amusements holds in CBS from 79.6% to about 17%, which would curb Shari Redstone’s power to make changes to the CBS board. CBS maintains that such a move is allowed under the CBS Corp. charter. CBS is scheduled to hold its annual shareholders meeting on Friday. – Cynthia Littleton, Variety https://ift.tt/2KVTbw1

Viacom Makes A Bet On Streaming, Joins $45 Million Funding Round For Roku

roku-logo

photo: Worldvectorlogo

Roku has now raised at least $209 million in funding. Viacom had previously invested in the digital video world by acquiring a minority stake in DigiTour, a company that takes social media stars from places like Vine, Snapchat and YouTube on tour. This latest investment in Roku came as part of a funding round that closed on January 28 and recently disclosed through an SEC filing. Roku declined to comment and Viacom did not respond to requests for comment. – Shelby Carpenter, Forbes
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Cablevision and Viacom settle their lawsuits over channel bundling

photo: Jin Lee/Bloomberg/Getty, Engadget

The two TV giants have settled their antitrust lawsuits with promises that they’re making “mutually beneficial business arrangements.” Neither side is saying what those arrangements are, however, and it’s not clear whether or not Cablevision is getting a better deal than what it had in 2012. This ruckus started because Cablevision didn’t like being forced to carry niche Viacom channels to get the big channels it wanted — this whole exercise would be pointless if the company didn’t get either a discount or more control. – Jon Fingas, Engadget
(Full Story:http://engt.co/1ZNyeFS)

MTV desperately wants to reach millennials, but the VMAs are proof they’re doing it wrong

photo: Mario Anzuoni, Reuters

I was willing to tolerate Miley and her tongue in order to enjoy the rest of this year’s show—maybe she’s this generation’s Max Headroom?—and figured it would be no problem, since MTV knows millennials don’t pay for cable and watch everything on the Internet. I was reassured by announcements of an “All Access Livestream” on MTV’s website, and at 9 pm EST, I opened my laptop. What I found—instead of the show everyone was already tweeting about—was a grid of low-quality live feeds, including one featuring a woman who appeared to be a publicist unaware of being filmed, walking down a corridor, which was as riveting as it sounds. – Jenni Avins, Quartz
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Amazon Said to Drop Viacom Shows as Reality Fatigue Hits

Amazon.com Inc.’s subscription-video service will drop several Viacom Inc. shows, including “Teen Mom” and “Mob Wives,” people with knowledge of the matter said, evidence that viewer fatigue with reality shows is spreading online. […] Viacom isn’t the only programmer grappling with shrinking audiences for reality TV. Amazon this year also declined to renew a deal with A+E Networks, which supplied “Pawn Stars” and “Storage Wars,” the people said. Some of the Viacom shows are still in production. The shrinking value of reality shows may have contributed to the $785 million charge Viacom took last quarter, said David Bank, an analyst with RBC Capital Markets. – Lucas Shaw, Bloomberg Business http://ift.tt/1L3frxI
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