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BET Networks
Black Entertainment Television LLC, doing business as BET Networks, is an American entertainment company that oversees the company's premium cable television channels, including its flagship service BET. It is a subsidiary of media conglomerate Paramount Global under its CBS Entertainment Group unit. History Background In 1980, Robert L. Johnson, who left his position as a cable lobbyist; established his own cable network called Black Entertainment Television; and it was originally a block on the Madison Square Garden Sports Network (later renamed to USA Network), until it became a separate channel in 1983. In 1991, the network became the first black–controlled TV company to be listed on the New York Stock Exchange. Starting in the late 1990s, the network expanded with the launch of digital cable networks: BET on Jazz (later known as BET Jazz. BET J, Centric, and BET Her), created originally to showcase jazz music–related programming, especially that of black jazz musici ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, sec ...
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Paramount Parks
Paramount Parks was the operator of Paramount's Kings Island, Paramount's Kings Dominion, Paramount's Great America, Paramount's Carowinds, and Paramount Canada's Wonderland, which annually attracted about 13 million patrons. National Amusements-owned Viacom assumed control of the company as part of its acquisition of Paramount Pictures in 1994. On June 30, 2006, Cedar Fair acquired the company, and the deal included a ten-year license to use the Paramount Parks name and theme, and a four-year license to use Nickelodeon names and themes. Cedar Fair declined to exercise the Paramount licenses and they dropped Paramount and CBS-licensed names from the parks after the 2007 season, but opted to retain Nickelodeon names and themes until after the 2009 season when this license expired. The operator has continued to be defunct despite efforts to use Paramount intellectual properties at various park projects after the sale in 2006 by entities unaffiliated with the original Paramount ...
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CBS Radio
CBS Radio was a radio broadcasting company and radio network operator owned by CBS Corporation and founded in 1928, with consolidated radio station groups owned by CBS and Westinghouse Broadcasting/Group W since the 1920s, and Infinity Broadcasting since the 1970s. The broadcasting company was sold to Entercom (now known as Audacy, Inc.) on November 17, 2017. Although CBS's involvement in radio dates back to the establishment of the original CBS Radio Network in 1927, the most recent radio division was formed by the 1997 acquisition of Infinity Broadcasting by CBS owner Westinghouse. In 1999, Infinity became a division of the original Viacom; in 2005, Viacom spun CBS and Infinity Broadcasting back into a separate company, and the division was renamed CBS Radio. It was the last radio group left to be tied to a major broadcast television network, as NBC divested its radio interests in the 1980s, and ABC sold off its division to Citadel Broadcasting (now part of Cumulus Media ...
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Paramount Television
The original incarnation of Paramount Television was the name of the television production division of the American film studio Paramount Pictures, that was responsible for the production of Viacom television programs, until it changed its name to CBS Paramount Television on January 17, 2006, due to the Viacom split. History Desilu Productions Desilu Productions was an American production company founded and co-owned by husband and wife Desi Arnaz and Lucille Ball, best known for shows such as '' I Love Lucy'', ''Star Trek'', and '' The Untouchables''. Until 1962, Desilu was the second-largest independent television production company in the U.S. behind MCA Inc.'s Revue Productions until MCA bought Universal Pictures, and Desilu became and remained the number-one independent production company until it was sold in 1967. Ball and Arnaz jointly owned the majority stake in Desilu from its inception until 1962, when Ball bought out Arnaz and ran the company by herself for s ...
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CBS Corporation
The second incarnation of CBS Corporation (the first being a short-lived rename of the Westinghouse Electric Corporation) was an American multinational media conglomerate with interests primarily in commercial broadcasting, publishing, and television production. It was one of the two companies formed from the December 31, 2005 spin-off of the Viacom assets of the original Viacom, as founded by Ralph Baruch in 1952 as CBS Television Film Sales. It was one of two companies which succeeded the original incarnation of Viacom, alongside the second incarnation of Viacom; both were controlled by National Amusements, a theater company controlled by billionaire Sumner Redstone. The spin-off was structured so that CBS Corporation would be the legal successor to the first Viacom, with the second Viacom being an entirely separated company. CBS Corporation comprised the over-the-air television (CBS and The CW) broadcasting, television production and distribution, publishing, pay ...
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Sony Music
Sony Music Entertainment (SME), also known as simply Sony Music, is an American multinational music company. Being owned by the parent conglomerate Sony Group Corporation, it is part of the Sony Music Group, which is owned by Sony Entertainment and managed by the American umbrella division of Sony. It was originally founded in 1929 as American Record Corporation and renamed as Columbia Recording Corporation in 1938, following its acquisition by the Columbia Broadcasting System. In 1966, the company was reorganized to become CBS Records, and Sony Corporation bought the company in 1988, renaming it under its current name in 1991. In 2004, Sony and Bertelsmann established a 50-50 joint venture known as Sony BMG, which transferred the businesses of Sony Music and Bertelsmann Music Group into one entity. However, in 2008, Sony acquired Bertelsmann's stake, and the company reverted to the Sony Music name shortly after; the buyout allowed Sony to acquire all of BMG's labels, whi ...
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Famous Music
Famous Music Corporation was the worldwide music publishing division of Paramount Pictures, a division of Paramount Global since 1994. Its copyright holdings span several decades and includes music from such Academy Award-winning motion pictures as ''The Godfather'' and '' Forrest Gump''. Founding It was founded in 1928 by Paramount’s predecessor, the Famous-Lasky Corporation, to publish music from its "talking pictures." Some of the classic songs in the Famous Music catalog that originated in motion pictures include " Thanks for the Memory" (The Big Broadcast of 1936), " Silver Bells", "Mona Lisa)" (from ''Captain Carey, U.S.A.''), "Moon River" (from '' Breakfast at Tiffany's''), " Where Do I Begin?" (the theme from ''Love Story''), " Speak Softly, Love" (the theme from ''The Godfather''), "Up Where We Belong", " Footloose" (from '' Footloose (film) " Take My Breath Away" (from '' Top Gun)'; and " My Heart Will Go On" (from Titanic (1997 film)''. Famous Music additionally o ...
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Paramount Pictures
Paramount Pictures Corporation is an American film and television production company, production and Distribution (marketing), distribution company and the main namesake division of Paramount Global (formerly ViacomCBS). It is the fifth-oldest film studio in the world, the second-oldest film studio in the United States (behind Universal Pictures), and the sole member of the Major film studio, "Big Five" film studios located within the city limits of Los Angeles. In 1916, film producer Adolph Zukor put 24 actors and actresses under contract and honored each with a star on the logo. In 1967, the number of stars was reduced to 22 and their hidden meaning was dropped. In 2014, Paramount Pictures became the first major Hollywood studio to distribute all of its films in digital form only. The company's headquarters and studios are located at 5555 Melrose Avenue, Hollywood, California. Paramount Pictures is a member of the Motion Picture Association of America, Motion Picture Associ ...
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Viacom (2005–2019)
The second incarnation of Viacom Inc. ( or ; a portmanteau of Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television, which was formed on December 31, 2005, as a spin-off of the original Viacom (founded by Ralph Baruch in 1952 as CBS Television Film Sales). It was one of two companies which succeeded the original Viacom, alongside the second incarnation of CBS Corporation; both were owned by National Amusements, a theater company controlled by businessman Sumner Redstone. The spin-off was structured so that CBS Corporation would be the legal successor to the first Viacom, with the second Viacom being an entirely separated company. The second Viacom operated Viacom Media Networks, through which it controlled approximately 170 networks and reached approximately 700 million subscribers in approximately 160 countries.
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Showtime (TV Channel)
Showtime is an American premium television network owned by Paramount Media Networks, and is the flagship property of the namesake parent company, Showtime Networks, a part of Paramount Media Networks. Showtime's programming primarily includes theatrically released motion pictures and original television series, along with boxing and mixed martial arts matches, occasional stand-up comedy specials, and made-for-TV movies. Headquartered at Paramount Plaza on the northern end of New York City's Broadway district, Showtime operates eight 24-hour, linear multiplex channels; a traditional subscription video on demand service; and two proprietary streaming platforms, the TV Everywhere offering Showtime Anytime (which is included as part of a subscription to the linear Showtime television service) and a namesake over-the-top service sold directly to streaming-only consumers. In addition, the Showtime brand has been licensed for use by a number of channels and platforms worldwide ...
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Liberty Media
Liberty Media Corporation (commonly referred to as Liberty Media or just Liberty) is an American mass media company controlled by chairman John C. Malone. The company has three divisions, reflecting the company's ownership stakes in Formula One, SiriusXM, and the Atlanta Braves Major League Baseball team. History The 1990s Liberty Media began in 1991 as a spin-off of TCI, an American cable-television group. Peter Barton, hired by TCI's Malone, served as president until retiring in April 1997. The company took over TCI assets considered to have little value, but Barton completed "a deal every ten days for six years" and made the company a big success. Liberty was merged back into TCI in the mid-1990s. On March 13, 1998, Liberty Media Group and TCI Group announced the merger of Encore and STARZ! into a single company—Encore Media Group, owned by Liberty. Encore was taking advantage of the growth of digital cable, while TCI, which had previously owned twenty percent of ...
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