User Menu. It also owns Nickelodeon Universe, the largest indoor theme park located in the Mall of America. The company operates in about 180 countries with its primary focus in the United States, Asia, and Europe. "use strict";(function(){var insertion=document.getElementById("citation-access-date");var date=new Date().toLocaleDateString(undefined,{month:"long",day:"numeric",year:"numeric"});insertion.parentElement.replaceChild(document.createTextNode(date),insertion)})(); Subscribe to the Biography newsletter to receive stories about the people who shaped our world and the stories that shaped their lives. Viacom is also famous for producing award shows for its BET and MTV networks. In addition to creating original programs, BET Networks airs a … For Viacom, the future of television has an increasingly online sheen.. In addition to CBS, MTV, Nickelodeon and UPN, Viacom owns theShowtime pay-TV service, the studio Paramount Pictures, radiostation and billboard owner Infinity Broadcasting and publisherSimon & Schuster. Controlling stock in the company is owned by a private company called National Amusements. Jack Johnson, nicknamed "the Galveston Giant," was the first African American world heavyweight boxing champion. Original Poster. ViacomCBS launched its Paramount+ streaming service on March 4, and the media conglomerate is hedging its bets … Viacom owns BET … BET Networks is a division of Viacom that runs the Black Entertainment Television (BET) channel. In 2006, Viacom would become "CBS Corporation" after spinning off a new company under the Viacom name.This new incarnation of Viacom consisted of Paramount Pictures, and cable networks, such as MTV, Nickelodeon, Comedy Central and BET, among other properties.CBS Corp would retain Showtime, Pop TV (formerly TVGN), and of course, The Eye.. Johnson and Liberty Media Corp., which owns 35 percent of BETand is run by cable TV mogul John Malone, are retaining ownershipof some BET assets not included in the sale to Viacom. Viacom owns movie studio Paramount and numerous cable networks, including BET, Comedy Central and MTV. The difference is … 24/7 coverage of breaking news and live events. Lonnie Johnson is a former Air Force and NASA engineer who invented the massively popular Super Soaker water gun. The company ranked sixth in the latest rankings by BlackEnterprise magazine of the largest black-owned industrial andservice companies in the U.S. with an estimated $225 million inrevenue in 1999. https://en.wikipedia.org/wiki/List_of_assets_owned_by_Viacom In 2006, Johnson founded Our Stories Films with partner Harvey Weinstein. has been acquired by Viacom, the company the owns UPN, and MTV . BET Networks is a division of Viacom that runs the Black Entertainment Television (BET) channel. In 2011, Our Stories released the romantic-comedy feature Jumping the Broom. Viacom announced last Friday that the network has signed a deal with Perry, who is an actor, writer, director, and producer. (A Viacom merger would) take it to the next level." CBS and Viacom have merged after 16 years apart but questions remain about the entity's streaming services and corporate culture. BET said the company's chief investor is Johnson, who owns 63 percent, and Liberty Media, which owns 35 percent. The network was founded by an African American, Robert Johnson, in the ’80s, but in 2003, BET was sold to Viacom, which also owns MTV … “Truly great brands don’t become available every day,” SumnerM. In 1991, BET became the first African American-owned company to be listed on the New York Stock Exchange. BET Plus will include original series, Perry’s own personal projects, as well as the network and Viacom’s content portfolio, from film to television. In the more recent history of the Viacom, the television industry has been highly successful with the outlets such as MTV, Nickelodeon, CMT, VH1, and BET. Johnson has invested in several notable companies and organizations beyond the reach of RLJ. Robert L. Johnson was born in Hickory, Mississippi, on April 8, 1946. Lee said decisions have not yet been made on what to do withthose assets. The network was founded by an African American, Robert Johnson, in the ’80s, but in 2003, BET was sold to Viacom, which also owns MTV and VH1. Silver Product Expert . Shari Redstone, who will be the largest shareholder, once saidthat her father always said: “Content is King and that is never more true than today.” That’s why she wanted the merger. In addition to his business ventures, Johnson has involved himself in politics. Viacom will want to promote their shows to CBS’s sports and news viewers. Viacom's BET Networks has teamed with Tyler Perry to create a subscription streaming service that combines the prolific auteur's library of movies and TV shows with BET's programming vault. He then earned a master’s degree in international affairs from Princeton University. N E W   Y O R K, Oct 4, 2000 -- Viacom Inc.’s $2.3 billion purchase of the, black-owned parent of the nation’s biggest cable television channel, aimed at blacks was seen as a sign that Corporate America is waking. The sale was finalized the following year and Johnson’s majority stake earned him more than $1 billion, making him the richest African American in the United States at that time as well as the first African American billionaire. Oct 20th '09. Our brands are #1 in key U.S. target demos, including total audience, kids, adults, African-Americans and Hispanics. The network has continued to grow since that time, reaching tens of millions of homes and expanding to include other traditional and digital channels. The companies said Friday they hope to complete the deal earlynext year after getting regulatory approval. Viacom bought CBS in 1999 for $36.5 billion, in a deal that CNN at the time predicted would "bring the network of Dan Rather in touch with the … After seeing Fox Regional Sports networks dropped from both Dish Network and Sling TV last year, now Viacom-owned channels like BET, Comedy Central, MTV, Nickelodeon, Paramount Network, and VH1 appear to be at risk.. BET Plus, a joint venture between Viacom’s BET Networks and Tyler Perry Studios, will launch domestically on Thursday, Sept. 19. For Viacom to be so deceptive is no surprise; they have been mistreating and robbing our community for years, underpaying talent on their biggest brands like Love & Hip Hop, all of BET … American actor Robert Urich is best known for his role as Dan Tanna in Vega$. Johnson recently agreed to start DC Air, a regional airline inWashington with assets being shed by UAL Corp. and US Airways Groupto secure regulatory approval of their plan to merge. Viacom Inc., the media powerhouse that owns CBS and the MTV andNickelodeon cable TV channels, is paying about $2.3 billion instock for BET Holdings and will assume $570 million in debt. Community Calendars & Trackers. They have two children. Viacom is an entertainment company closely associated with CBS Networks. short for "Video & Audio Communications", is an American media … Johnson has since started a new business, the RLJ Companies, and has invested in an NBA team, a film company, and political causes and campaigns. Viacom said it will provide the resources BET needs to continuegrowing while keeping top managers running the business who knowhow to reach the black audience. Both Viacom and CBS Corp were majorly held by … While blacks represent about 13percent of the U.S. population, he said only 1 percent of adspending is going to media that target that group. The Viacom-owned cable channel is prepping a standalone streaming service, BET+, that would launch later … The evidence points to this in the fact that Viacom owns companies that produce content as well as other companies that distribute entertainment. ET Media giant buys BET, making Johnson second-largest individual shareholder By Staff Writer Luisa Beltran This trip led to the creation of the Liberia Enterprise Development Fund. among other holdings. In 1979, Johnson and his wife Sheila founded Black Entertainment Television, the first cable network targeting the African American market. BET, based in Washington, D.C., owns the cable channel BlackEntertainment Television as well as a jazz music cable channel, andpublishes books, creates radio programming, makes movies andoperates an Internet-based service aimed at blacks. Using their purse strings, Viacom owns some of the most popular cable television channels including: MTV; VH1; Logo; Paramount Network; BET; Nickelodeon ; CMT; As you can see, they cover a lot of ground, creating content that completes a spectrum of pop culture entertainment. He also said BET properties should get a bigger share of themoney being spent by advertisers. ViacomCBS is going big in the streaming wars with a broadcast TV-inspired big tent strategy that will be anchored by legacy cable channel and programming brands. Viacom buys BET Networks: 2006: Viacom splits into second CBS Corporation and Viacom: 2019 : CBS Corporation and Viacom re-merge to form ViacomCBS: Viacom began as CBS Television Film Sales, the broadcast syndication division of CBS established in 1952 and renamed as CBS Films in 1958, and again renamed as CBS Enterprises Inc. in January 1968. We strive for accuracy and fairness. The ad-free subscr… Resources. We have a global reach of more than 4.3 billion subscribers across more than 180 countries. Using their purse strings, Viacom owns some of the most popular cable television channels including: MTV; VH1; Logo; Paramount Network; BET; Nickelodeon; CMT Viacom owns BET, Comedy Central, MTV, Nickelodeon and Paramount, which two weeks ago launched the Paramount Network to succeed its Spike channel. He died at age 55 from a rare form of cancer, synovial cell sarcoma. BET has publicly estimated its networks’ value at about $2.7 billion. In 2007, Johnson organized a tour of African American business leaders to Liberia. Robert L. Johnson, the cable TV executive who founded BlackEntertainment Television in 1979 and owns a 63 percent stake in BETHoldings, will get stock worth more than $1.4 billion in the deal. Johnson owns 60 percent equity of the company and BET president Debra Lee owns 5 percent. For those of you who feel that BET network is so racist and the purpose of this channel is to seclude other races and advertise racism then... - Page 3. He saidFriday the BET sale would have “almost no bearing on thefinancing” of the airline deal and said he would find someoneexperienced in the airline business to run it. 1515 Broadway New York, NY 10036 Voice (212) 258-6000 www.viacom.com. Our brands are #1 in key U.S. target demos, including total audience, kids, adults, African-Americans and Hispanics. On March 13, 2007, Viacom International, which owns, among other properties, Comedy Central, MTV, BET, and Paramount Pictures, sued YouTube and its parent Google for copyright infringement seeking $1 billion in damages. Media company Viacom agreed to acquire BET Holdings, ... Aside from its flagship BET channel, BET also owns other media properties, including cable channels Jazz of BET, BET … The couple, who co-founded BET, divorced a year after selling the network to Viacom. Another veteran top executive at a Viacom cable network is leaving the company. Robert L. Johnson founded Black Entertainment Television (BET) in 1979 with his wife, Sheila. dollars, gives Viacom a … Viacom’s experience with making MTV a global brand can help BETgain global distribution for its music channel BET on Jazz. Who is Viacom? Our automated system analyzes replies to choose the one that's most likely to answer the question. Robert Hayden was an African American poet and professor who is best known as the author of poems, including “Those Winter Sundays” and “The Middle Passage.”. It was launched in January 1980, initially broadcasting for two hours a week. Viacom National Amusements has controlling interests in CBS and Viacom. On paper, the blueprint unveiled today during the company’s investor presentation for the March 4 Paramount Plus debut doesn’t sound like a path for success in today’s hyperactive media […] In late 2019, Viacom merged with CBS Corporation to form ViacomCBS. Gadgetboy. Out with the old, in with the rebranded. Viacom’s UPN network shows aimed at blacks may play well onBlack Entertainment Television as well. Viacom also owns Pluto, a free ad-supported streaming service, which also shows programming from BET, Nickelodeon, MTV and VH1. up to the value of minority-owned businesses. Holdings; Timeline; One of the largest global media empires, Viacom has a financial interest in broadcast and cable television, radio, Internet, book publishing, and film production and distribution. “There will not be African-American ownership at the very top,and I think that makes a difference,” said James Winston,executive director of Washington-based National Association ofBlack Owned Broadcasters. Make way for another new streaming service. Robert Smalls was an enslaved African American who became a politician, serving in both the South Carolina legislature and the U.S. House of Representatives. Blogs; BG Media; Search BabyGaga Twitter Follow us on Facebook Follow us on Facebook. We have a global reach of more than 4.3 billion subscribers across more than 180 countries. Viacom pays $2.3B for BET November 3, 2000: 6:05 p.m. Viacom owns several large channels like BET, Comedy Central, Nickelodeon, and MTV channel. Viacom and Streaming Services. Johnson received criticism for his rebuke of Barack Obama during the 2008 Democratic primary election, in favor of Hillary Clinton. Viacom currently owns a number of … Home / Community / Debate & Discuss / Viacom owns BET. Earvin "Magic" Johnson dominated the court as one of the world's best basketball players for more than a decade. Sheila received one of the largest documented settlements in United States history and subsequently married the judge who presided over the divorce proceedings. Robert L. Johnson is an American entrepreneur best known as the founder of the BET channel and as the country’s first African American billionaire. But it has no news and sports divisions. He became the first African American billionaire after selling the network to Viacom in 2001. NEW YORK (CNNfn) - Media conglomerate Viacom Inc. agreed Friday to acquire privately held BET Holdings II Inc., the parent company of Black Entertainment Television, for … And BET’s 35 percent owner Liberty Media could get a nice chunk of Viacom stock — something that’s missing from its portfolio. After closing, CBS shareholders will own approximately 61 percent of the new company, and owners of Viacom will hold about 39 percent. recommended this. Viacom laid the groundwork for the move in December when Scott M. Mills was named BET president, a role in which he would oversee overall strategy and day-to-day operations of BET … In a separate telephone news conference, Johnson said BET canbenefit from its association with Viacom in numerous ways: BET can get help from CBS in expanding its news operations. Viacom and BET see the writing on the wall, and the launch of BET+ is likely an answer to that question, especially as more media companies pivot to … James Weldon Johnson was an early civil rights activist, a leader of the NAACP, and a leading figure in the creation and development of the Harlem Renaissance. BET. Asked if he thought BET would suffer a backlash from advertisersor viewers for selling to Viacom, Johnson said he doubted it andthat the deal would help BET “better serve the black community.”. In 2017, Perry signed a new multi-year deal with Viacom, which owns BET, MTV, Nickelodeon and other cable networks as well as the streaming service BET+. © 2021 Biography and the Biography logo are registered trademarks of A&E Television Networks, LLC. It wasbelieved to be one of the biggest buyouts ever of a black-ownedbusiness, although the prices for some sales have never beendisclosed. If you see something that doesn't look right, contact us! Viacom also owns Black Entertainment Television that is programs on BET Gospel, BET, and BET Hip Hop. XxTheKiller 164. marked this as an answer. Let’s take a look at how Viacom tried to protect their assets this past year. Terms of … Viacom is also famous for producing award shows for its BET … https://www.biography.com/business-figure/robert-l-johnson. Perry is already working on films for Viacom even though his deal won't start until he has officially left OWN. In 2001, Viacom purchased Washington-based BET Networks, the owners of the Black Entertainment Television network, and was integrated into Viacom (witch owned MTV Networks). In 2000, Viacom announced plans to purchase BET. Johnson, who has ambitions of starting a regional airline fromWashington D.C., has agreed to stay on for at least five years aschairman and chief executive of the operation as will Debra Lee,BET’s president and chief operating officer. Viacom Inc., the media powerhouse that owns CBS and the MTV and Nickelodeon cable TV channels, is paying about $2.3 billion in stock for BET Holdings and will assume $570 million in debt. Viacom functions through paramount pictures, which comprises of paramount vantage and imprints paramount pictures. Viacom National Amusements has controlling interests in CBS and Viacom. RLJ is a holding company and asset management firm handling a portfolio of companies in the financial services, real estate, hospitality, professional sports, film production, automotive and gaming industries. On the New York Stock Exchange, Class B shares of Viacom wereoff 62.5 cents to close at $57.88. He said it was part of the “natural progression” for strongblack-owned businesses to align themselves with major mediacompanies. BET Networks is a division of Viacom that runs the Black Entertainment Television (BET) channel. Log in; Main Navigation. But the deal announced Friday for the privately owned BETHoldings II Inc. also raised worries because the black executiveswho have agreed to stay on to continue running the business will nolonger have absolute control. Viacom is a vertically integrated company. Holdings; Timeline; One of the largest global media empires, Viacom has a financial interest in broadcast and cable television, radio, Internet, book publishing, and film production and distribution. Viacom owns BET Top Shotta 17 kids; Punta Gorda, Belize 44735 posts . The deal is worth an estimated $3 Billion . The transaction came with Viacom’s purchase of BET Holdings II Inc., the owner of Black Entertainment Television. Our family of prominent and respected brands includes the multiplatform properties of MTV Networks, BET Networks, Paramount … For his full interview, see http://www.emmytvlegends.org/interviews/people/robert-johnson Then his television shows, films, and videos will be produced at Viacom and BET. In 2002, Viacom acquired Sesame Workshop 's shares of Noggin (now Nick Jr. Channel), and folded it under Nickelodeon Networks division of MTV Networks. Lyndon B. Johnson was elected vice president of the United States in 1960 and became the 36th president in 1963, following the assassination of John F. Kennedy. Johnson has referred to RLJ as his “second act.”. If black is in the name, it must be black owned, right? Viacom Inc. last week said it would purchase African-American-targeted Black Entertainment Network and related assets for $3 billion in stock and assumed debt.News of the deal generated bittersweet reactions from some industry executives.The deal would give the oft-criticized BET programming lineup a major boost and provide Viacom-which already owns the urban-oriented broadcaster United … Turn on desktop notifications for breaking stories about interest. BET will remain basedin Washington. Musician Robert Johnson is best known as one of the greatest blues performers of all time, a recognition that came largely after his death at age 27. Johnson graduated from Freeport High School in 1964, and studied history at the University of Illinois. Johnson was married to Sheila Johnson from 1969 to 2002. As expected, Viacom Inc. said yesterday that it would acquire BET Holdings, the company that owns Black Entertainment Television, the nation's … In exchange, it expects to benefitfrom owning a business widely recognized by a group that is growingfaster in numbers and income than the general population. Viacom owns Comedy Central, MTV, Nickelodeon, BET, VH1 and Paramount Pictures movie studio in Los Angeles. Viacom president Mel Karmazin said his company hopes to increase the reach of BET, which is now available in about 62.4 million of the estimated 75 million U.S. households with cable television. BET, Comedy Central, and Nick Jr. are currently part of Sling’s Blue Plan ($30), while the rest are a part of various add-ons to the Sling service. It was believed to be one of the biggest buyouts ever of a black-owned business, although the prices for some sales have never been disclosed. Sumner M. Redsone Chief of Viacom :shock::shock::shock: he's white . As a leading global entertainment content company, we know what our viewers want and proudly deliver it across the globe through television, motion pictures and a wide range of digital media. In 1991, he announced that he had tested positive for HIV, the virus that causes AIDS. The company focuses on family-friendly movies intended for African American audiences. Listing of all companies (past and present) owned by ViacomCBS, a subsidiary of National Amusements. Viacom owns BET, Comedy Central, MTV, Nickelodeon and Paramount, which two weeks ago launched the Paramount Network to … 1515 Broadway New York, NY 10036 Voice (212) 258-6000 www.viacom.com. Redstone, chairman and chief executive of Viacom, told analystsin a conference call. Viacom connects with our diverse audiences everywhere they are. And BET’s 35 percent owner Liberty Media could get a nice chunk of Viacom stock — something that’s missing from its portfolio. Ken Smikle, president of Target Market News, a Chicago-basedresearch firm that tracks black business activity, said the dealmay inspire other black entrepreneurs and make it easier for themto raise money. Johnson developed the RLJ Companies following the sale of BET to Viacom. Robert L. Johnson founded Black Entertainment Television (BET) in 1979 with his wife, Sheila. They includethree restaurants in Maryland, Washington, D.C. and Las Vegas and adance club at Disney World in Florida and a stake in severalmagazines. Johnson publicly called for African American support of Liberia, on the model of Jewish support for Israel. In addition to creating original programs, BET Networks airs a variety of acquired television shows. He spent the majority of his childhood in Freeport, Illinois. He was the first African American principal owner of a North American major-league sports franchise, the Charlotte Bobcats. The Viacom-owned channel is bringing back the uncensored video show that was previously on air from the year 2000 until it met its demise in 2006. For those of you who feel that BET network is so racist and the purpose of this channel is to seclude other races and advertise racism then why does Viacom own them? The media conglomerate is bringing a slew of content from its flagship cable networks to Viacom-owned … He became the first African American billionaire after selling the network to Viacom in 2001. Johnson owns 60 percent equity of the company and BET … ViacomCBS is a publicly traded company, owned by shareholders. Recommended based on info available . The all-stock transaction is worth nearly $12 billion, which was the market capitalization of Viacom, the media company that owns MTV, Comedy Central, … Alfred A. Edmond Jr., editor-in-chief of Black Enterprisemagazine, said the deal showed “it is possible to build asuccessful black-owned enterprise and have it fairly valued in themarketplace.”. Johnson continued to be the company’s chairman and CEO for several years before leaving BET to lead the RLJ Companies. Viacom president Mel Karmazin said Viacom hopes to increasedistribution for Black Entertainment Television, which is currentlyavailable in about 62.4 million of the estimated 75 million U.S.households with cable television. In addition to creating original programs, BET Networks airs a … Viacom owns Comedy Central, they also own Paramount Pictures, MTV Networks, and BET Networks. Viacom was one of the companies hit the hardest. BET is the latest brand to jump into streaming.. It also owns Nickelodeon Universe, the largest indoor theme park located in the Mall of America. Far more racist stuff has been spewing in rap videos for years BET Networks, a cable network owned by Viacom, said Monday it has acquired Soul Train, the iconic music-and-dance program founded by the late TV show host, Don Cornelius..

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