Page 27 - Viacom News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Paramount Global's recent sale of its 13.01% stake in Viacom18 to Reliance Industries has allowed the company to exit its Indian joint venture with a profitable return on investment. Paramount fully divested from Viacom18 for ₹4,286 crore, while continuing content licensing agreements. The transaction is expected to close by the end of 2024 or early 2025, pending regulatory approval. The merger agreement between RIL, Walt Disney's Star India, and Viacom18 will impact the ownership structure, with RIL and Viacom18 set to hold a majority stake in the proposed merged entity.

Paramount Global: Its Paramount+ streaming service is available on Viacom18’s JioCinema as a content block under the premium subscription tier. Viacom18 will continue to operate TV channels under Paramount-owned brands like MTV, Vh1 and Nickelodeon.

Gold House has revealed its A100 list for 2024. Among those honored are Keanu Reeves, Jung Kook, Hayao Miyazaki, Padma Lakshmi and more.

It's typically not a long-term solution to have more than one CEO leading a company.

Bob Bakish has left Paramount as sale talks advance between Shari Redstone's National Amusements and David Ellison's Skydance Media.