26 de enero de 2020
ÚLTIMAS NOTICIAS:
Hispanic World

CBS, Viacom to merge, creating ViacomCBS

New York, Aug 13 (efe-epa).- CBS and Viacom announced on Tuesday a merger agreement that will reunite the two companies, which previously merged but then separated in 2006, and create a single entity to be called ViacomCBS, with its yearly revenue estimated at some $28 billion.

New York, Aug 13 (efe-epa).- CBS and Viacom announced on Tuesday a merger agreement that will reunite the two companies, which previously merged but then separated in 2006, and create a single entity to be called ViacomCBS, with its yearly revenue estimated at some $28 billion.

According to a communique, the resulting firm will be a global leader in premium content, a multiplatform and one of the most important producers and providers of entertainment and communications content worldwide.

CBS and Viacom are reuniting under the umbrella of US communications media magnate Sumner Redstone with the aim of competing with "streaming" platforms such as Netflix, HBO and the future Disney+.

The company said that it will hold a leadership position in the US, European, Latin American and Asian markets, including commanding the largest television viewership in the US as well as the largest cable market share in all demographics.

The merger also includes Paramount Pictures studios, which has been a global producer and distributor of films for more than a century and continues to be a box office leader worldwide.

The president and CEO of Viacom, Bob Bakish, will head the new company, and Joe Ianniello, the president and acting CEO of CBS, will remain chairman and CEO of CBS.

"Our unique ability to produce premium and popular content for global audiences at scale - for our own platforms and for our partners around the world - will enable us to maximize our business for today, while positioning us to lead for years to come," said Bakish.

"I couldn't be more excited about the opportunities ahead for the combined company and all of our stakeholders - including consumers, the creative community, commercial partners, employees and, of course, our shareholders," he added.

Ianniello hailed the merger and the opportunities it will provide, saying: "At CBS, we have outstanding momentum right now - creatively and operationally - and Viacom's portfolio will help accelerate that progress."

The resulting firm will include CBS, Showtime, Nickelodeon, MTV, BET, Comedy Central and Paramount Networks, along with one of the largest libraries of intellectual property with more than 140,000 TV episodes and 3,600 films, ranging from "Star Trek" to "Mission Impossible."

It will also include 750 new series in production and ViacomCBS will become one of the biggest earners in terms of content, with the separate firms having jointly earned more than $13 billion last year.

With more than 4.3 billion customers all around the world, CBS produces content in 45 languages and has a large presence in the United Kingdom and Australia, among many other countries, as well as a significant presence throughout the Spanish-speaking world.

Both firms are almost 80 percent owned by National Amusements, Redstone's conglomerate, which has guaranteed that the company will have enough votes to achieve the merger.

The merger, which now depends on obtaining regulators' approval, is expected to be finalized by the end of the year.

This is not the first time that CBS and Viacom have wanted to reunite, already having tried to do so in 2016 although at that time CBS resisted because of a lack of agreement about the valuation of Viacom, which originally acquired CBS in 2000, with the firms separating several years later.

Histórico de noticias
Democrats: Trump's conduct is not America first, it's Trump first

Washington, Jan 23 (efe-epa).- The Democratic lawmakers who are acting as "managers" - or prosecutors - in President Donald Trump's impeachment trial in the...

Chavistas march in Caracas, opposition fails to hold legislative session

Caracas, Jan 23 (efe-epa).- Supporters of Chavism on Thursday marched in Caracas to commemorate the 62nd anniversary of the fall of the Marcos Perez Jimenez...

Mexican government hopes to use banana export example to expand China trade

Mexico City, Jan 23 (efe-epa).- The first shipment of 39 tons of Mexican bananas to China departed on Tuesday from the port of Manzanillo, a debut that the...

Trump inauguration organization committee sued for alleged corruption

Washington, Jan 22 (efe-epa).- District of Columbia Attorney General Karl Racine on Wednesday sued the nonprofit committee designated by President Donald...

Democrats make their case against Trump at Senate impeachment trial

Washington, Jan 22 (efe-epa).- The Democratic "managers" of the Senate impeachment trial against President Donald Trump on Wednesday began laying out in...

Pictoline, successful Mexican Web site tells the news with pictures

By Eduard Ribas i Admetlla

Boeing doesn't expect 737 MAX to fly again until mid-2020

New York, Jan 21 (efe-epa).- Boeing announced Tuesday that it does not expect regulatory authorities to approve the return to service of its 737 MAX jets...

Weinstein case moves to opening arguments with witnesses in focus

New York, Jan 21 (efe-epa).- The the 12-person jury and three alternatives now selected, the sexual abuse trial of Hollywood producer Harvey Weinstein will...

First US case of Wuhan virus diagnosed

New York, Jan 21 (efe-epa).- A patient in Washington state has been diagnosed with the Wuhan virus, or coronavirus, in the first confirmed case of this type...

Millions of Mexicans take part in macro-earthquake simulation

Mexico City, Jan 20 (efe-epa).- Millions of people participated on Monday in a nationwide earthquake macro-drill as memories persist of the last big tremor...

Trump's defense team asks Senate to speedily reject impeachment case

By Susana Samhan

Thousands protest gun controls in Richmond, Virginia

Washington, Jan 20 (efe-epa).- Thousands of people, most of them men, demonstrated on Monday outside the Virginia state capitol building in Richmond against...

Young people committing suicide in Nicaragua due to social crisis

By Wilder Perez R.

Animals at Medellin zoo get ice cream to help them deal with the heat

Medellin, Colombia, Jan 19 (efe-epa).- Ice cream, copious amounts of water and refreshing baths are all part of the "Wild Coolness" initiative being...

Migrant caravan delays entry into Mexico, expected to double in size

By Pedro Pablo Cortes

Former UN chief Javier Perez de Cuellar celebrates 100th birthday in Lima

Lima, Jan 19 (efe-epa).- Peru's Javier Perez de Cuellar, the first Ibero-American to serve as secretary-general of the United Nations, is celebrating his...

#SuperCoralPlay social network campaign seeks to save coral reefs

By Alberto Domingo Carreiro

Pinochet victims join Chilean protesters 3 mo. into crisis

Santiago, Jan 16 (efe-epa).- Groups of relatives of the victims of the 1973-1990 Augusto Pinochet dictatorship, along with associations of those injured and...

Koala toys invade NY in fundraising campaign for fire-ravaged Australia

New York, Jan 16 (efe-epa).- Plush koala toys perched on lampposts, traffic signals, trees and scaffolding at different spots around New York City these...

Model Gigi Hadid ruled out as Weinstein juror

New York, Jan 16 (efe-epa).- The selection of the jury that will decide in a New York court whether Hollywood producer Harvey Weinstein is guilty of sexual...

Mural art exhibit to highlight the untold bridge between Mexico and the US

By Jorge Fuentelsaz

Guaido: Paramilitary takeover of parliament reveals Maduro's dictatorship

Caracas, Jan 15 (efe-epa).- Venezuelan opposition leader Juan Guaido called the actions under way on Wednesday outside the National Assembly (AN) building a...

Artificial intelligence posing new challenges for cybersecurity in 2020

By Marc Arcas

House Democrats deliver Trump impeachment articles to Senate

Washington, Jan 15 (EFE).- Articles of impeachment against Donald Trump were transmitted to the US Senate on Wednesday nearly a month after the...