That means it scores higher than 53 percent of stocks. CTV app inventory will be available programmatically through Verizon Media Video SSP. ViacomCBS (VIAC) is set to launch rebranded CBS All Access, Paramount+ on Mar 4, thus intensify streaming competition in 2021. ViacomCBS Inc. is an American diversified multinational mass media conglomerate and formed through the merger of the second incarnation of CBS Corporation and the second incarnation of Viacom on December 4, 2019, which were split from the first incarnation of Viacom in 2006. There's also the possibility someone buys the company outright for its media assets. Verizon Communications Inc. is near the top in its industry group according to InvestorsObserver.VZ gets an overall rating of 53. ViacomCBS has reached an agreement with Verizon FiOS in the first carriage deal spanning its full portfolio of networks since the merger of Viacom and CBS closed last December. Multiple people familiar with the deal confirmed it has been sealed despite the difficult operating environment. Dish Network and Verizon. At the same time it reached terms with ViacomCBS, FiOS also made a carriage deal with SNY, the New York regional sports network that airs New York Mets baseball and other local games. Read the full story: CIT to buy Mutual of Omaha Bank for $1 billion. NEW YORK, NY (July 16, 2020) -- Verizon Media today announced that ViacomCBS Digital, a division of ViacomCBS, has named Verizon Media its preferred supply side platform (SSP) for CBSN, CBS News’ free 24/7 digital streaming news service, and for ET Live, the 24/7 streaming network dedicated to entertainment news. We want to hear from you! Verizon Communications Inc. gets a 77 rank in the Telecom Services industry. Copyright © 2021 Penske Business Media, LLC. In 1994, Viacom bought 50.1% of Paramount Pictures for $9.8 billion, valuing Paramount at approximately $19.2 billion. According to eMarketer, CTV ad spend will surpass $10 billion by 20211, with consumers embracing CTV as a new and better video-viewing experience. Increasing scale on the programming front, which confers leverage in distribution talks, was a key motivation behind the merger of Viacom and CBS, which were each controlled by National Amusements. Programmers and distributors have had natural friction for years over deal terms but both sides are taking part in negotiations as everyone contends with the massive disruption of streaming. Telecom Services is number 99 out of 148 industries. Verizon didn't spend $170 billion buying Time Warner and DirecTV in the past five years. “We are uniquely positioned to help premium CTV publishers like CBS News Digital meet that opportunity, giving them access to leading advertisers who use our ad platform to uniquely plan, buy and measure the impact across all media campaigns. “This partnership furthers our investment in growing channels, specifically CTV, and in delivering best in class video and content experiences to advertisers and consumers. Subscribers to Hulu's live TV service are about to get more bang for their buck. Under the deal, it will have placement across Verizon’s wireless network, which … CBSN, CBS News’ digital streaming news service features live, anchored coverage available for free across all platforms. The first incarnation of Viacom was created in 1952 as the television syndication division of CBS; it was spun off in 1971.In 1999, Viacom acquired its former parent, then named CBS Corporation (formerly Westinghouse Electric).In January 2006, the first Viacom was spun off into two entities, CBS Corporation and the second incarnation of Viacom. Appearing at a Morgan Stanley investor conference in March, Bakish said, “If you ask MVPDs, they’ll tell you we know how to get deals done.”. A new rumor indicates that ViacomCBS could be up for sale with Netflix being a potential buyer. After almost 3.3x rise since its March lows of 2020, at the current price of $36 per share, we believe ViacomCBS stock is overvalued. Verizon has taken on a considerable amount of debt in recent years, most notably in 2014, when it bought Vodafone's 45 percent stake in Verizon Wireless for $130 billion. CBS Television Distribution will still distribute the rights, but that means Verizon will have to turn CBS Television Distribution back into CBSParamount Domestic Television. All Rights reserved. • Eventually, ViacomCBS could become an attractive acquisition target for a company like Amazon, which is pursuing original programming and live sports, or Verizon, which has eyed CBS before. Webelieve inbelieve incommitted tobuilding trust. Our editorial transparency tool uses blockchain technology to permanently log all changes made to official releases after publication. VIAC stock has … Launch dates for broadcast, cable and streaming programs, Up-to-date lists for broadcast, cable and streaming series, Pandemic-proof vs. pandemic-contingent broadcast lineups, Signup for Breaking News Alerts & Newsletters, Get our latest storiesin the feed of your favorite networks. ViacomCBS Digital has named Verizon Media its preferred supply-side platform for CBS News’ free digital streaming news service, CBSN, and ET Live, its entertainment news streaming network. 1 eMarketer - US Connected TV Ad Spending Will Grow Nearly 40% in 2019. Today’s move has price action moving back above the short-term moving average where I suspect buyers will be waiting. Verizon will now offer the NBA’s season “League Pass” on all its platforms via Yahoo Sports, in addition to its go90 platform, which comes complete with ad inventory to sell. Verizon’s discussions with any programmer involve back and forth about how streaming assets are integrated into operators’ systems. Verizon also acquired AOL for $4.4 billion in 2015, and Yahoo's internet assets for $4.5 billion in 2017. NEW YORK, NY (July 16, 2020) -- Verizon Media today announced that ViacomCBS Digital, a division of ViacomCBS, has named Verizon Media its preferred supply side platform (SSP) for CBSN, CBS News’ free 24/7 digital streaming news service, and for ET Live, the 24/7 streaming network dedicated to entertainment news. But also Netflix MIGHT buy Viacom (CBS / Paramount, etc).” It also showcases our commitment to the third-party partner ecosystem and making our publisher partners successful. ... Verizon, ViacomCBS, and MGM Resorts have all been largely … History Pluto, the free, ad-supported service owned by ViacomCBS, has more than 20 million monthly viewers. Viacom CBS has a range of both subscription and ad-supported services. Verizon Media will develop first of its kind VR experience for live sports viewing as part of deal for immersive technology, gaming and sports with Entain, Learn more about Verizon's response to COVID-19, US Connected TV Ad Spending Will Grow Nearly 40% in 2019, Verizon Fios customers may be impacted by Hearst Television’s unreasonable demands, Entain and Verizon Media announce innovation alliance, ViacomCBS Digital taps Verizon Media as preferred SSP for CBS News Digital, ET Live CTV Inventory. A 77 rank in the ViacomCBS portfolio to the third-party partner ecosystem and our... ’ systems to Hulu 's live TV service are about to get more bang for their.... Bakish mended several fences, repairing ruptures with Altice One and others before becoming Chief of the merged.... 19.2 billion TV service are about to get more bang for their buck, Verizon is a much better company. The $ 8.3 billion-asset Mutual programmatically through Verizon Media Video SSP subscribers Hulu! 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