CBS Corporation (Name of Registrant As Specified in Its Charter)
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In Re Viacom Inc Stockholders Litigation
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE IN RE VIACOM INC. ) CONSOLIDATED STOCKHOLDERS LITIGATION ) C.A. No. 2019-0948-JRS MEMORANDUM OPINION Date Submitted: September 15, 2020 Date Decided: December 29, 2020 Corrected: December 30, 2020 Gregory V. Varallo, Esquire of Bernstein Litowitz Berger & Grossmann LLP, Wilmington, Delaware; Jeroen van Kwawegen, Esquire, Edward G. Timlin, Esquire, Andrew E. Blumberg, Esquire and Daniel E. Meyer, Esquire of Bernstein Litowitz Berger & Grossmann LLP, New York, New York, Attorneys for Lead Plaintiff California Public Employees’ Retirement System. Chad Johnson, Esquire, Noam Mandel, Esquire and Desiree Cummings, Esquire of Robbins Geller Rudman & Dowd LLP, New York, New York; Christopher H. Lyons, Esquire of Robbins Geller Rudman & Dowd LLP, Nashville, Tennessee, Attorneys for Additional Plaintiff Park Employees’ and Retirement Board Employees’ Annuity and Benefit Fund of Chicago. Francis A. Bottini, Jr., Esquire and Anne B. Beste, Esquire of Bottini & Bottini, Inc., La Jolla, California, Attorneys for Additional Plaintiff Louis M. Wilen. Matthew E. Fischer, Esquire, Michael A. Pittenger, Esquire, Christopher N. Kelly, Esquire, J. Matthew Belger, Esquire, Jacqueline A. Rogers, Esquire and Callan R. Jackson, Esquire of Potter Anderson & Corroon LLP, Wilmington, Delaware and Victor L. Hou, Esquire, Rahul Mukhi, Esquire and Mark E. McDonald, Esquire of Cleary Gottlieb Steen & Hamilton LLP, New York, New York, Attorneys for Defendants National Amusements, Inc., NAI Entertainment Holdings LLC, and Shari E. Redstone. Gregory P. Williams, Esquire, Blake Rohrbacher, Esquire and Kevin M. Regan, Esquire of Richards, Layton & Finger, P.A., Wilmington, Delaware and Robert H. Baron, Esquire, Gary A. Bornstein, Esquire and Rory A. -
CBS Corporation and Viacom Inc. Announce Expected Closing Date of Merger
ViacomCBS Inc. Logo CBS Corporation and Viacom Inc. Announce Expected Closing Date of Merger November 25, 2019 ViacomCBS Transaction Expected to Close on December 4 and Trading of ViacomCBS on Nasdaq Expected to Begin December 5 NEW YORK--(BUSINESS WIRE)--Nov. 25, 2019-- CBS Corporation (NYSE: CBS.A, CBS) and Viacom Inc. (Nasdaq: VIAB, VIA) today announced that their pending merger is currently expected to close after market hours on Wednesday, December 4th. Immediately following the closing, the combined company will be renamed “ViacomCBS Inc.” (“ViacomCBS”), and it is expected to begin trading on the Nasdaq Global Select Market (“Nasdaq”) on Thursday, December 5th under the new ticker symbols “VIACA” and “VIAC”. As part of the listing, ViacomCBS will also become eligible for future inclusion in the Nasdaq 100 index. About CBS CBS Corporation (NYSE: CBS.A and CBS) is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. The Company has businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media. CBS owns the most-watched television network in the U.S. and one of the world’s largest libraries of entertainment content, making its brand –"the Eye” – one of the most-recognized in business. The Company’s operations span virtually every field of media and entertainment, including cable, publishing, local TV, film and interactive. CBS’ businesses include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. -
Kevin Beggs Biography
Kevin Beggs Biography Kevin Beggs is Chairman of the Lionsgate Television Group, overseeing development and production of all scripted and non-scripted programming for broadcast, cable, and digital platforms worldwide. He has spearheaded the strategic expansion of the company’s television production activities, and with Lionsgate’s acquisition of TV Guide Network and its partnership in the premium entertainment channel EPIX, he has become one of the key executives managing Lionsgate’s creative interests in both ventures. Under Beggs’ leadership, the television division has become a leading supplier of programming, with an impressive slate that includes the critically-acclaimed series NASHVILLE, which was recently renewed for a third season and has already generated two hit soundtracks; the multiple Emmy and Golden Globe-winning series MAD MEN, now in its seventh season on AMC; the Charlie Sheen comedy ANGER MANAGEMENT, which earned an unprecedented 90-episode order from FX after its initial 10-episode run; the acclaimed Showtime comedy NURSE JACKIE, which was recently renewed for a seventh season; and WEEDS creator Jenji Kohan’s breakout series ORANGE IS THE NEW BLACK, which Netflix recently picked up for a third season ahead of its second season premiere. Lionsgate’s TV roster also includes the recent NBC miniseries ROSEMARY’S BABY; the History miniseries HOUDINI starring Oscar winner Adrien Brody; the ABC Family series CHASING LIFE, which launches in June; the 10+90 sitcom PARTNERS starring Kelsey Grammer and Martin Lawrence, which premieres on FX in August; the drama series MANHATTAN, which debuts in July on WGN America; the comedy series DEADBEAT, which recently launched on Hulu and has been renewed for a second season; E!’s first original scripted series THE ROYALS; and the Syfy limited series ASCENSION. -
Press Releases
Press Releases O’Melveny Guides ViacomCBS Through MIRAMAX Investment April 3, 2020 RELATED PROFESSIONALS FOR IMMEDIATE RELEASE Bruce Tobey CENTURY CITY—April 3, 2020—O’Melveny represented leading media and entertainment company Century City ViacomCBS (Nasdaq: VIACA; VIAC) in its acquisition of a 49percent stake in film and television studio D: +13102466764 MIRAMAX from beIN Media Group. The transaction, previously announced in December 2019, closed today. Amy Siegel ViacomCBS acquired 49 percent of MIRAMAX from beIN for a total committed investment of US$375 million. Century City Approximately US$150 million was paid at closing, while ViacomCBS has committed to invest US$225 million D: +13102466805 —comprised of US$45 million annually over the next five years—to be used for new film and television Silvia Vannini productions and working capital. Century City D: +13102466895 In addition, ViacomCBS’s historic film and television studio, Paramount Pictures, entered an exclusive, long term distribution agreement for MIRAMAX’s film library and an exclusive, longterm, firstlook agreement Eric Zabinski allowing Paramount Pictures to develop, produce, finance, and distribute new film and television projects Century City based on MIRAMAX’s IP. D: +13102468449 Rob Catmull ViacomCBS creates premium content and experiences for audiences worldwide, driven by a portfolio of Century City iconic consumer brands including CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, D: +13102468563 Comedy Central, BET, CBS All Access, Pluto TV, and Simon & Schuster. Eric H. Geffner beIN MEDIA GROUP is a leading independent global media group and one of the foremost sports and Century City entertainment networks in the world. -
Joint Statement of Sumner M. Redstone Chairman and Chief Executive Officer Viacom Inc
CORE Metadata, citation and similar papers at core.ac.uk Provided by Indiana University Bloomington Maurer School of Law Federal Communications Law Journal Volume 52 | Issue 3 Article 3 5-2000 Joint Statement of Sumner M. Redstone Chairman and Chief Executive Officer Viacom Inc. and Mel Karmazin President and Chief Executive Officer of CBS Corp. Summer M. Redstone Viacom Mel Karmazin CBS Follow this and additional works at: http://www.repository.law.indiana.edu/fclj Part of the Antitrust and Trade Regulation Commons, and the Communications Law Commons Recommended Citation Redstone, Summer M. and Karmazin, Mel (2000) "Joint Statement of Sumner M. Redstone Chairman and Chief Executive Officer Viacom Inc. and Mel Karmazin President and Chief Executive Officer of CBS Corp.," Federal Communications Law Journal: Vol. 52: Iss. 3, Article 3. Available at: http://www.repository.law.indiana.edu/fclj/vol52/iss3/3 This Article is brought to you for free and open access by the Law School Journals at Digital Repository @ Maurer Law. It has been accepted for inclusion in Federal Communications Law Journal by an authorized administrator of Digital Repository @ Maurer Law. For more information, please contact [email protected]. Joint Statement of Sumner M. Redstone Chairman and Chief Executive Officer Viacom Inc. and Mel Karmazin President and Chief Executive Officer of CBS Corp.* Viacom CBS I. INTRODUCTION ............................................................................. 499 II. DEPARTMENT OF JUSTICE REVIEW .............................................. 503 III. FEDERAL COMMUNICATIONS COMMISSION REVIEW ................... 507 I. INTRODUCTION On September 6, 1999, Viacom Inc. and CBS Corporation agreed to combine the two companies in a merger of equals. Sumner Redstone will lead the new company, to be called Viacom, in his continued role as Chairman and Chief Executive Officer, as well as majority shareholder. -
Docket No. 19-3160-Cv Plaintiff-Appellant, V. Defendants
Case 19-3160, Document 89-1, 08/17/2020, 2909066, Page1 of 38 19-3160-cv Anas Osama Ibrahim Abdin v. CBS Broadcasting Inc., et al. UNITED STATES COURT OF APPEALS FOR THE SECOND CIRCUIT August Term 2019 (Submitted: May 14, 2020 Decided: August 17, 2020) Docket No. 19-3160-cv ANAS OSAMA IBRAHIM ABDIN, Plaintiff-Appellant, v. CBS BROADCASTING INC., NETFLIX, INC., CBS CORPORATION, CBS INTERACTIVE, INC., Defendants-Appellees. ON APPEAL FROM THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK Before: CHIN AND CARNEY, Circuit Judges, AND DOOLEY, District Judge.* * Judge Kari A. Dooley, of the United States District Court for the District of Connecticut, sitting by designation. Case 19-3160, Document 89-1, 08/17/2020, 2909066, Page2 of 38 Appeal from a judgment of the United States District Court for the Southern District of New York (Schofield, J.), dismissing plaintiff-appellant's third amended complaint pursuant to Federal Rule of Civil Procedure 12(b)(6). Plaintiff-appellant alleged that defendants-appellees violated the Copyright Act, 17 U.S.C. § 101 et seq., by copying creative aspects from his unreleased science fiction videogame, including his use of a tardigrade -- a microscopic animal -- traveling in space, in their television series Star Trek: Discovery. The district court concluded that plaintiff-appellant's copyright claim failed as a matter of law because his videogame and the television series were not substantially similar. AFFIRMED. John Johnson and Allan Chan, Allan Chan & Associates, New York, New York, for Plaintiff-Appellant. Wook Hwang, Loeb & Loeb LLP, New York, New York, for Defendants-Appellees. -
Viacomcbs Celebrates 66 Primetime Emmy Award Nominations
ViacomCBS Celebrates 66 Primetime Emmy Award Nominations July 14, 2021 CBS Television Network, CBS Studios and Paramount+ Score 35 Total Nominations Stephen Colbert’s The Late Show, The Election Night Special and Tooning Out the News Receive 9 Nominations, the Most of Any Late Night Brand ViacomCBS’ MTV Entertainment Group Earns 20 Nominations, Including First-Time Nominations for Paramount Network’s “Yellowstone” and MTV Documentary Films’ “76 Days” SHOWTIME® Receives Six Nominations, Including “Shameless” star William H. Macy for Outstanding Lead Actor In A Comedy Series LOS ANGELES--(BUSINESS WIRE)--Jul. 13, 2021-- ViacomCBS earned 66 Academy of Television Arts & Sciences 73rd Primetime Emmy Award nominations across its combined portfolio. CBS Television Network, CBS Studios and Paramount+ together received a total of 35 Primetime Emmy nominations. CBS’ “The Late Show with Stephen Colbert” – the #1 late night talk show on television – received five nominations, marking the series’ 18th Emmy nomination to date. CBS landed several nominations for talent and special programming, including “Oprah With Meghan And Harry: A CBS Primetime Special” and “John Lewis: Celebrating A Hero.” “The Pepsi Super Bowl LV Halftime Show Starring The Weeknd” and “The 63rd Annual Grammy Awards” also received multiple nods this year. For her starring role in “Mom,” Allison Janney was nominated for Outstanding Lead Actress in a Comedy Series. CBS Studios received 21 nominations, among them an Outstanding Competition Series nod for “The Amazing Race.” Short-form series “Carpool Karaoke: The Series” was also nominated. Paramount+, together with CBS Studios, picked up six nominations this season, including four nominations for “Star Trek: Discovery.” “Star Trek: Lower Decks'' and “Stephen Colbert Presents Tooning Out the News'' each received their first-ever Emmy nominations. -
Paramount+ Announces a Mountain of Movies, Original Series and Live Sports Coming to the Service This Summer
Paramount+ Announces a Mountain of Movies, Original Series and Live Sports Coming to the Service This Summer June 7, 2021 “Infinite” Premieres Exclusively on Paramount+ June 10, Followed by the Debut of “PAW Patrol: The Movie” on August 20, Same Day as Its Theatrical Release The Streaming Service Will Add More Than 1,000 New Movies, including “Rocketman,” “The Hustle,” “Sonic the Hedgehog,” “Mission: Impossible - Ghost Protocol,” “Footloose,” “Skyfall,” “Like a Boss,” “Star Trek Beyond,” “The Rhythm Section” and More Premium Original Series Premiering and Returning This Summer Include iCARLY, EVIL, THE GOOD FIGHT, RuPAUL’S’ DRAG RACE ALL STARS, BEHIND THE MUSIC and More Paramount+ Will Stream Hundreds of Live Soccer Matches, Including Concacaf Men’s World Cup Qualifiers, UEFA Club Competitions, Italy’s Serie A, Campeonato Brasileirão Série A, NWSL, Argentina’s Liga Profesional de Fútbol and More New Ad-Supported Plan Launches Today for $4.99 per Month, Packaging the Best in Entertainment, News and Sports at an Even More Compelling Price Point NEW YORK--(BUSINESS WIRE)--Jun. 7, 2021-- Paramount+ today announced it will significantly expand its content offering this summer, starting with the exclusive premiere of the sci-fi action film “Infinite” and introduction of more than 1,000 premium movies this week. From generation-defining films and award-winning classics to thrilling action-adventure movies and family friendly hits, the world-class movie library will be complemented by a summer slate of highly anticipated originals, plus an unrivaled sports package that includes hundreds of marquee soccer matches. The new summer slate will roll out over the next several weeks, joining Paramount+’s already extensive content portfolio that is now available to subscribers at a new low-cost tier of just $4.99/month starting today. -
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The best of live TV and on-demand, with access to streaming apps ENTERTAINMENT PACKAGE CHOICE™ PACKAGE XTRA PACKAGE ULTIMATE PACKAGE For 12 mos. plus taxes For 12 mos. plus taxes For 12 mos. plus taxes $ For 12 mos. plus taxes $ and Regional Sports $ and Regional Sports $ and Regional Sports 4999/mo. when bundled. 5499/mo. Fee when bundled. 6499/mo. Fee when bundled. 6999/mo. Fee when bundled. W/ 24-mo. agmt & qualifying AT&T wireless svc W/ 24-mo. agmt & qualifying AT&T wireless svc W/ 24-mo. agmt & qualifying AT&T wireless svc W/ 24-mo. agmt & qualifying AT&T wireless svc (min. $50/mo. after discounts for new customers). (min. $50/mo. after discounts for new customers). (min. $50/mo. after discounts for new customers). (min. $50/mo. after discounts for new customers). Pay $93/ mo. in 2nd year (subject to change). Pay $110/mo. in 2nd year (subject to change). Pay $124/mo. in 2nd year (subject to change). Pay $135/mo. in 2nd year (subject to change). Regional Sports Fee up to $8.49/mo. is extra & applies.* Regional Sports Fee up to $8.49/mo. is extra & applies.* Regional Sports Fee up to $8.49/mo. is extra & applies.* Hallmark Movies & Mysteries, Ovation and Revolt Hallmark Movies & Mysteries not included. Hallmark Movies & Mysteries not included. not included. AND MORE AND MORE AND MORE INCLUDES 45,000+ TITLES ON DEMAND INCLUDES 50,000+ TITLES ON DEMAND INCLUDES 55,000+ TITLES ON DEMAND INCLUDED WITH CHOICE+ TM HBO Max auto-renews after 12-months at then prevailing rate (currently $14.99/mo.), GET A YEAR OF HBO MAX ® ® ® AND MORE and Cinemax , SHOWTIME®, STARZ , and EPIX are included for 3 months and auto-renew INCLUDED. -
David Eisman
David C. Eisman Partner, Los Angeles Media and Entertainment; Mergers and Acquisitions; Cybersecurity and Privacy; Investment Management David C. Eisman is head of Skadden’s Entertainment Group. He has a broad range of experience in mergers and acquisitions, securities law matters, partnerships, financings, joint ventures and strategic alliances. Mr. Eisman represents clients in the media and entertainment, gaming, investment banking, technology, apparel, insurance and retail industries, among others. He also is a member of the firm’s Investment Management Group, advising on family office and fund formation matters, and frequently counsels on matters involving NFTs. The Hollywood Reporter recognized Mr. Eisman as one of the Top 15 Music Attorneys of 2021 and repeatedly has included him in their Top Hollywood Dealmakers and Power Lawyers lists. Variety also recognized Mr. Eisman in its 2021 Legal Impact Report and 2020 Dealmakers Impact Report, which highlights top attorneys working in film, television and digital media. He previously was named as the 2017 Entertainment Attorney of the Year by T: 213.687.5010 the Los Angeles Business Journal and one of the Top 50 Entertainment Lawyers in California F: 213.621.5010 by the Daily Journal. Additionally, Mr. Eisman has been named in Chambers USA (Media & [email protected] Entertainment: Transactional category) and The Best Lawyers in America. He was a key member of the deal team recognized in The Recorder’s 2017 Corporate Depart- Education ment of the Year contest, in which Skadden ranked -
Recruitment Privacy Notice for Viacom Entities in the Eea and Switzerland
RECRUITMENT PRIVACY NOTICE FOR VIACOM ENTITIES IN THE EEA AND SWITZERLAND INTRODUCTION SCOPE OF PRIVACY NOTICE 1. Like most businesses, we hold and process a wide range of information, some of which relates to individuals who are applying to work for us. This Privacy Notice explains the type of information we process, why we are processing it and how that processing may affect you. The notice focuses on individuals who are applying to work for us and the data we process as part of that process. We have a separate Workplace Privacy Notice that applies to our current and former employees. For the avoidance of doubt however, nothing in this notice is intended to create an employment relationship between Viacom and any non-employee. This Privacy Notice is set out in this document (the Core Notice) and the Supplementary Information in the Annex 1 to this document. We have also provided local information, which makes clear any differences in your particular jurisdiction. This can be found in Annex 2. Please note also that Viacom will also comply with all applicable local laws (including but not limited to any GDPR implementing legislation which has yet to be created) in relation to processing your personal data and if anything in this privacy notice conflicts with such local laws, those local laws will take precedence. In the Supplementary Information, we explain what we mean by “personal data”, “processing”, “sensitive personal data” and other terms used in the notice. 2. In brief, this notice explains: what personal data we hold and why we process it; the legal grounds which allow us to process your personal data; where the data comes from, who gets to see it and how long we keep it; how to access your personal data and other rights; how to contact us. -
Joint Statement of Sumner M. Redstone Chairman and Chief Executive Officer Viacom Inc
Federal Communications Law Journal Volume 52 Issue 3 Article 3 5-2000 Joint Statement of Sumner M. Redstone Chairman and Chief Executive Officer Viacom Inc. and Mel Karmazin esidentPr and Chief Executive Officer of CBS Corp. Summer M. Redstone Viacom Mel Karmazin CBS Follow this and additional works at: https://www.repository.law.indiana.edu/fclj Part of the Antitrust and Trade Regulation Commons, and the Communications Law Commons Recommended Citation Redstone, Summer M. and Karmazin, Mel (2000) "Joint Statement of Sumner M. Redstone Chairman and Chief Executive Officer Viacom Inc. and Mel Karmazin esidentPr and Chief Executive Officer of CBS Corp.," Federal Communications Law Journal: Vol. 52 : Iss. 3 , Article 3. Available at: https://www.repository.law.indiana.edu/fclj/vol52/iss3/3 This Article is brought to you for free and open access by the Law School Journals at Digital Repository @ Maurer Law. It has been accepted for inclusion in Federal Communications Law Journal by an authorized editor of Digital Repository @ Maurer Law. For more information, please contact [email protected]. Joint Statement of Sumner M. Redstone Chairman and Chief Executive Officer Viacom Inc. and Mel Karmazin President and Chief Executive Officer of CBS Corp.* Viacom CBS I. INTRODUCTION ............................................................................. 499 II. DEPARTMENT OF JUSTICE REVIEW .............................................. 503 III. FEDERAL COMMUNICATIONS COMMISSION REVIEW ................... 507 I. INTRODUCTION On September 6, 1999, Viacom Inc. and CBS Corporation agreed to combine the two companies in a merger of equals. Sumner Redstone will lead the new company, to be called Viacom, in his continued role as Chairman and Chief Executive Officer, as well as majority shareholder.