VIA - Viacom Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
26.11
+0.24 (+0.93%)
At close: 4:00PM EST
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Previous Close25.87
Open25.69
Bid0.00 x 800
Ask0.00 x 800
Day's Range25.69 - 26.87
52 Week Range23.18 - 37.54
Volume507,175
Avg. Volume88,989
Market Cap9.9B
Beta (5Y Monthly)1.40
PE Ratio (TTM)6.81
EPS (TTM)3.83
Earnings DateN/A
Forward Dividend & Yield0.80 (3.06%)
Ex-Dividend Date2019-09-13
1y Target Est78.00
  • Business Wire

    SEGA Announces Official Sonic the Hedgehog Movie Line of Products for All Ages

    SEGA® of America, Inc. today announced a curated collection of unique Sonic-branded products inspired by Paramount Pictures’ highly anticipated live-action feature film, Sonic the Hedgehog, coming to theaters nationwide on February 14, 2020. Sonic fans of all ages can look forward to an array of merchandise including toys, collectibles, apparel, publishing and much more in celebration of the Blue Blur’s landmark debut on the silver screen.

  • Benzinga

    What's Next For ViacomCBS?

    The new $25 billion media empire that emerged from the remarriage of CBS and Viacom began trading Thursday, but questions remain about how the combined company will compete in an increasingly crowded landscape ...

  • Streaming roundup: Disney driving billion-dollar content race
    American City Business Journals

    Streaming roundup: Disney driving billion-dollar content race

    The streaming landscape is in the midst of an arms race that The Walt Disney Co. is only escalating with the arrival of Disney+.

  • CBS and Viacom are one again
    American City Business Journals

    CBS and Viacom are one again

    It's official: Sister mass media conglomerates CBS Corp. and Viacom Inc. are back under the same roof. The two companies' $12 billion merger closed after market hours on Wednesday. The combined entity has been renamed ViacomCBS Inc.

  • CBS and Viacom Are Still Selling Wall Street on Their Deal
    Bloomberg

    CBS and Viacom Are Still Selling Wall Street on Their Deal

    (Bloomberg) -- Viacom Inc. and CBS Corp. completed their merger on Wednesday, ending three years of on-and-off talks and creating what they boast is an entertainment colossus without peer. The hope is that the combined company, rechristened ViacomCBS Inc., will spit out hit TV shows and movies faster than you can say Netflix.But Wall Street has been skeptical. Shares in both companies have tumbled more than 14% since they announced plans to combine in August, erasing billions of dollars in market value. Shareholders of CBS have sued the company in Delaware, alleging the merger only benefits its controlling shareholder, National Amusements Inc., the movie-theater chain owned by the Redstone family.The shares began to rebound on Wednesday, a sign that investors are finally warming to the deal. But ViacomCBS still has a long way to go before winning over skeptics.Even media analysts, typically a staid and supportive bunch, have questioned the logic of the deal. Michael Nathanson, co-founder of Moffett Nathanson LLC, dubbed an October filing that outlined details of the merger “an abject disaster.”That wasn’t the reception Shari Redstone was hoping for when she began agitating for a merger of the two companies back in 2016. That was when she supplanted her father, Sumner Redstone, as the public face of a family business with a clear goal: reunite the two companies that her father split apart in 2006.Wall Street was mixed on the deal at the time, but saw the logic for Viacom. The owner of MTV and Nickelodeon was losing teenagers to Netflix, advertisers to YouTube and confidence among its own employees. Combining with CBS would give the combined company the heft to negotiate better deals with pay-TV operators and advertisers.CEO ClashesYet the family met resistance from the leadership of both companies, leading to legal disputes with both Viacom chief Philippe Dauman, her dad’s old lawyer, and CBS boss Les Moonves, a TV industry legend. Dauman was fired in 2016, and Moonves was ousted last year after more than a dozen women accused him of sexual misconduct.Now that the merger is finally a reality, it looks late -- and the combined company looks small. ViacomCBS has a market capitalization of about $20 billion, a fraction of heavyweights Walt Disney Co., Comcast Corp., AT&T Inc. and Netflix Inc. Its $27 billion in annual sales is a fraction of all those companies but Netflix, which is growing at a much faster rate.Redstone would prefer investors look at another number: the $13 billion that the two companies are spending annually on TV shows and movies. That figure puts ViacomCBS in the same league as the biggest entertainment companies in the world, and speaks to what Redstone and Viacom chief Bob Bakish have said is a differentiated strategy. While AT&T, Comcast and Disney trip over one another to create their own Netflix, ViacomCBS will sell to all of them.Viacom’s Paramount produces “Jack Ryan” for Amazon, while Nickelodeon just signed a deal to make programs for Netflix. CBS both produces “Dead to Me” for Netflix and several shows for its own streaming service.Shares RallySome investors are coming over to their way of thinking. Viacom rallied the most since May on Wednesday, climbing as much as 6.1%. CBS rose as much as 6.2%. Both stocks came off their highs by the close, each rising more than 3%. ViacomCBS begins trading under the symbols VIACA and VIAC on Thursday.“It’s somewhat frustrating the way the stocks have traded; it’s like there are no believers out there,” said John Miller, a senior vice president at Ariel Investments, which holds stock in both companies. “We continue to believe this merger makes complete sense.”Miller said he expects “unbelievable” political advertising revenue in the 2020 election cycle, and said the companies are bringing together valuable programming. “The combination will make both companies stronger,” he said.Still, the combined company’s strategy remains confusing to many. At the same time it licenses “South Park,” one of its most popular programs, to AT&T’s HBO Max, ViacomCBS will maintain its own streaming service, All Access. The spending on original programming for All Access and Showtime is what prompted Nathanson to use the phrase “abject disaster” in the first place. The cash burn from that spending exceeded his forecast.Tough SpotBakish, who will run the combined company, is in an unenviable position. He doesn’t want to give up on the money he can get licensing programs to streaming services starved for hit shows, but he can’t forgo the world of streaming altogether. Wall Street has rewarded Disney for taking on Netflix head-to-head, but it is in the unique position of owning Marvel, “Star Wars” and Pixar.Investors’ concerns don’t stop there. They expected more cost synergies. They wanted more insight into how the two companies would benefit one another. Press appearances from Bakish have done little to assuage their concerns.But competing on the internet is not the only -- or even the main -- rationale for doing the deal. It does create a formidable TV company that will own the most-watched U.S. network, the most-watched kids’ TV network, one of the major Hollywood studios and a premium cable network in Showtime. All together, they will command more than 20% of TV viewing and the largest audience in almost every demographic of any company.“It’s a reach story,” Bakish told Bloomberg News in an interview the day the deal was announced. “We will have the largest TV business in the U.S. on a combined basis, and it strengthens our position to create value.”Bakish, Redstone and the leadership at CBS all say they’re convinced this deal is a no-brainer. Now they just need to convince everyone else.(Updates with deal’s completion in first paragraph, shares in 11th paragraph.)To contact the reporter on this story: Lucas Shaw in Los Angeles at lshaw31@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Business Wire

    ViacomCBS Announces Completion of the Merger of CBS and Viacom

    ViacomCBS Inc. (Nasdaq: VIACA, VIAC) ("ViacomCBS") today announced the completion of the merger between CBS Corporation and Viacom Inc. The combined company, which is renamed ViacomCBS, creates a premium content powerhouse with global scale, including leadership positions in markets across the U.S., Europe, Latin America and Asia.

  • Business Wire

    BET Networks Announces New Scripted Miniseries “Uptown”

    Based on the Iconic Record Label Uptown Records From the Founder and Entertainment Innovator Andre Harrell

  • Business Wire

    Viacom CEO Bob Bakish to Participate in the UBS Global TMT Conference

    CBS (NYSE: CBS.A, CBS) and Viacom (NASDAQ: VIAB, VIA) today jointly announced that Bob Bakish, current President and Chief Executive Officer of Viacom, and appointed President and Chief Executive Officer of ViacomCBS, will participate in a question and answer session during the UBS Global TMT Conference in New York, NY on Monday, December 9, 2019 at 12:15 p.m. ET. The pending merger to combine CBS and Viacom is expected to close after market hours on Wednesday, December 4th. A live webcast of the session will be available to the general public through a link on the Investors homepages of CBS’s website (investors.cbscorporation.com) and Viacom’s website (ir.viacom.com).

  • Here’s What Hedge Funds Think About Viacom, Inc. (VIAB)
    Insider Monkey

    Here’s What Hedge Funds Think About Viacom, Inc. (VIAB)

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • GuruFocus.com

    Netflix: Can Better Platform Tech Fend Off Competition?

    A head-start in targeting and UX technology will not be enough to preserve the streaming video company’s valuation Continue reading...

  • CBS ordered to disclose internal records on Viacom deal
    Reuters

    CBS ordered to disclose internal records on Viacom deal

    The deal is scheduled to close on Dec. 4, combining CBS television network, CBS News, Showtime cable networks with MTV Networks, Nickelodeon, Comedy Central and the Paramount movie studios. The judge, Joseph Slights of Delaware's Court of Chancery, ordered CBS to turn over materials the CBS board discussed when considering the merger with Viacom, which was split from CBS 13 years ago. The company was also ordered to provide documents regarding the nomination and appointment of board members to the special committee that approved the merger earlier this year, as well as some communications between Redstone and the board.

  • TEST Business Wire Releases

    NAACP Partners With BET Networks to Broadcast the 51st NAACP Image Awards Live on February 22, 2020 From Pasadena, CA

    The NAACP and BET Networks announced a broadcast partnership to air the 51st NAACP Image Awards. The telecast will take place from Pasadena, California and will air on BET Networks for the first time ever. The announcement was made today by NAACP National Board of Directors Chairman Leon W. Russell, NAACP President and CEO Derrick Johnson, President of BET Networks Scott Mills and Executive Vice-President, Specials, Music Programming & Music Strategy Connie Orlando. The NAACP Image Awards is the preeminent event celebrating the accomplishments of people of color in the fields of television, music, literature, and film and also honors individuals or groups who promote social justice through creative endeavors.

  • TEST Business Wire Releases

    Paramount Network Releases Official Trailer for 68 Whiskey, a New Scripted Comedic Drama From Brian Grazer and Ron Howard’s Imagine Television Studios and CBS Television Studios Premiering on Wednesday, January 15 at 10:00 p.m. ET/PT

    Paramount Network today released the official trailer for 68 Whiskey, a new scripted, comedic drama from Brian Grazer and Ron Howard’s Imagine Television Studios and CBS Television Studios. 68 Whiskey is the first scripted follow-up to Paramount Network’s smash hit Yellowstone, starring Kevin Costner, cable’s 1 original series for the past two summers. 68 Whiskey premieres on Wednesday, January 15 at 10:00 p.m. ET/PT on Paramount Network.

  • Barrons.com

    The CBS-Viacom Merger Is Going to Close Next Week

    CBS and Viacom are set to consummate their merger on Dec. 4 after the stock market closes, bringing the businesses under the same management for the third time since the 1970s.

  • CBS and Viacom to close merger on Dec. 4
    Reuters

    CBS and Viacom to close merger on Dec. 4

    Shares of the combined company, which would be renamed as ViacomCBS Inc, are expected to start trading on Nasdaq from Dec.5 under the new ticker symbols "VIACA" and "VIAC", the companies said. Earlier in August, CBS and Viacom agreed to merge, creating a company with more than $28 billion in revenue, as an increasingly competitive media landscape prompted their controlling shareholder to reunify the U.S. entertainment companies 13 years after breaking them up. The two companies are controlled by National Amusements Inc, the holding company owned by billionaire Sumner Redstone and his family.

  • TEST Business Wire Releases

    CBS Corporation and Viacom Inc. Announce Expected Closing Date of Merger

    CBS Corporation (NYSE: CBS.A, CBS) and Viacom Inc. (Nasdaq: VIAB, VIA) today announced that their pending merger is currently expected to close after market hours on Wednesday, December 4th. Immediately following the closing, the combined company will be renamed "ViacomCBS Inc." ("ViacomCBS"), and it is expected to begin trading on the Nasdaq Global Select Market ("Nasdaq") on Thursday, December 5th under the new ticker symbols "VIACA" and "VIAC".

  • Barrons.com

    How to Play Media Stocks for the Coming Streaming Wars

    Which of the media old guard are set up to succeed? Here’s how each of them is approaching the streaming future.

  • Viacom International Media Networks (VIMN) Announces Key Leadership Changes, Elevates OTT and Studio Businesses
    Business Wire

    Viacom International Media Networks (VIMN) Announces Key Leadership Changes, Elevates OTT and Studio Businesses

    Viacom International Media Networks (VIMN) announced today that Pierluigi Gazzolo, President of VIMN Americas and Executive Vice President of Nickelodeon International, has been appointed President of OTT International and Viacom International Studios (VIS), signalling the increasing importance of VIMN’s OTT and Studio businesses. Gazzolo will report to David Lynn, President & CEO of VIMN.