Viacom Launches Spark Internal Summit With Eye on Corporate Culture

Viacom will roll out an ambitious internal corporate initiative dubbed Spark that aims to engage and energize the company’s 10,000 employees with an expansive slate of conference-style programming. Viacom president-CEO Bob Bakish calls Spark “a multi-market next generation town hall.” The sessions kick off Tuesday with a 50-minute Q&A with Bakish and Viacom vice chair […]

Variety

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Viacom Halts ‘Padmavati’ Release After Religious Uproar

India’s Viacom18 Motion Pictures and Bhansali Productions have halted the global release of much-anticipated costume drama “Padmavati.” Controversy was sparked by the idea that it features a cross-faith Hindu-Muslim romance. The film had been set for a Dec. 1 release in India. Related company, Paramount Pictures was recently announced as handle the worldwide distribution, in […]

Variety

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Snapchat Parent Is Now Worth More Than CBS, Viacom, Dish — and Analysts Say It’s Ridiculously Overvalued

Shares of Snap continued to climb in the Snapchat parent’s third day of public trading, opening up 4% Monday after an already huge run-up following its IPO on March 2. Investor gusto for the company isn’t vanishing at this point — despite the fact that no Wall Street analyst has issued a “buy” rating on the… Read more »

Variety

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Nickelodeon, Viacom Tap Fashion Designers for SpongeBob Gold Capsule

SPONGEBOB GOLD: Nickelodeon International and Viacom Consumer Products have collaborated with a host of designers on the SpongeBob SquarePants Gold collection, which will be unveiled during London Fashion Week.
Peter Jensen, Bobby Abley, Salar, Maria Francesca Pepe, Suecomma Bonnie and Bad Denim are among the names that have created men’s and women’s apparel, footwear and accessories. They’ve put their own spin on the cartoon character who is celebrating his 18th birthday.
The 27-piece range is part of the company’s SpongeBob Gold brand. The collection includes T-shirts by Bobby Abley, sweatshirts by Peter Jensen, vintage embroidered pieces by Bad Denim, patchwork sneakers by Suecomma Bonnie, accessories by Salar and jewelry by Maria Francesca Pepe.
The collection will be unveiled at event hosted by the company on Feb. 18 and sold in the U.S. in May.
“I have watched SpongeBob for as long as I can remember,” said Jensen. “He is part of my Saturday morning ritual in the same way a boiled egg with salt is. Mrs. Puff is my absolute favorite, but of course I love SpongeBob, Patrick, Gary and the rest of the clan. It’s been great fun to be part of this project. We were allowed to hand-draw Spongebob for this collection

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Viacom to Narrow Focus to Six Key Cable-TV Channels

Viacom, long the poster child of the supersize cable TV bundle, is planning to narrow its strategic focus to six key channel brands as it seeks to reset its frayed relationships with distribution partners.
WSJ.com: US Business

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Viacom: Sumner Redstone to Step Down From Board

Viacom Chairman Emeritus Sumner Redstone will resign from the company’s board following its annual meeting in February.
WSJ.com: US Business

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Sumner Redstone to Exit Viacom Board After Annual Meeting in February

Sumner Redstone will step down from the Viacom board of directors in February after the company holds its annual meeting, Viacom said Friday. The move marks another milestone for the company that has been in turmoil for more than a year. Viacom said Redstone, the controlling shareholder of Viacom and CBS, “will continue to participate… Read more »

Variety

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Redstone Firm Pulls Support for Merger of Viacom and CBS

Sumner Redstone’s National Amusements Inc. is pulling its support for merging CBS Corp. and Viacom Inc., which would have reunited the media firms amid an evolving media landscape.
WSJ.com: US Business

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