Young people’s trust in key figures such as politicians and religious leaders has fallen sharply over the past five years but they remain largely happy, a global study said Thursday. Viacom, the US media company behind youth-oriented channels such as MTV and Nickelodeon as well as Hollywood studio Paramount, surveyed 28,600 people online in 30 … Read more
Multichoice is assuring that its programming complies with the law in all Jurisdictions that it operates. “In tandem with our internal quality control measures, we also ensure all third party suppliers are adequately briefed on country-specific regulatory requirements and provisions,” Multichoice said in a statement. This comes on the back of the Kenya Film Classification … Read more
Paramount rolled out its big guns Tuesday as it enlisted an array of Hollywood’s finest — from George Clooney to Matt Damon — to present its movies for the coming year. The studio’s presentation proved the most star-studded so far of CinemaCon in Las Vegas, and at times most cringeworthy, as a role call of … Read more
Viacom announced the departure of the top executive at Paramount Pictures, which has struggled for profit and was at the heart of a recent corporate power battle. Brad Grey will give up his role as chief executive at Paramount, remaining for a time as Viacom searches for someone to take his place, according to a … Read more
Viacom Inc’s Paramount Pictures will receive a $1 billion cash investment from two Chinese film companies, Shanghai Film Group and Huahua Media, giving the U. S. studio needed cash and stability as it attempts to grow. As part of the agreement, Shanghai Film Group and Huahua Media will finance a combined 25 percent of all … Read more
Michael Lynton is stepping down from his position as CEO of Sony Entertainment, the film, television and music conglomerate, to serve full-time as chairman of the board of social-media power Snapchat. The move, announced Friday in an email by Lynton to Sony staff, will happen in six months. It is unclear who will replace him. … Read more
Sumner Redstone’s privately-held National Amusements on Monday withdrew its merger proposal for CBS (CBS. N) and Viacom (VIAB.O), according to three sources familiar with the situation who wished to remain anonymous. Shares of Viacom tumbled 6.8 percent in early New York Stock Exchange trading to $36. CBS shares were down 3.6 percent at $60.33. A … Read more