ViacomCBS Overview
Company Headquarters: US
Founded: 1986
Workforce: ~22,965
Company Working: ViacomCBS is an entertainment content company, which connects the audience globally via television programs, motion pictures, live events, applications, games, and brand merchandise. Driven by iconic studios, networks and streaming services, its portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. The company delivers the largest share of the U.S. television audience and boasts one of the industry's most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution and advertising solutions. In February 2022, ViacomCBS announced that the global media company will become Paramount.
Strategy
ViacomCBS (Paramount) follows an organic and inorganic growth approach to grow its business by increasing its viewership share. It has invested heavily in producing a significant amount of high-quality original programming and other content under its media network segment. Under its filmed entertainment segment, the company invests a significant amount in producing, marketing, and distributing films & television series. It also strategizes to acquire programming, films and television series, and a variety of digital content and other ancillary rights such as consumer and home entertainment product offerings and pays license fees, royalties, or contingent compensation in connection with the acquired rights. The company is also transitioning to next-generation platforms and marketing solutions and diversifying its core business to increase its global reach.



