Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

ViacomCBS gives MTV, Nickelodeon heads global reach

Published 07/01/2021, 09:11 AM
Updated 07/01/2021, 09:15 AM
© Reuters. FILE PHOTO: ViacomCBS headquarters is pictured in New York, New York, U.S. December 5, 2019. REUTERS/Kate Munsch
PARA
-

By Helen Coster

(Reuters) - ViacomCBS (NASDAQ:VIAC) is promoting the heads of MTV Entertainment Group and Nickelodeon to give them global oversight of their brands, it said on Thursday, as the company makes a push to grow internationally.

Under the new structure MTV President Chris McCarthy and Nickelodeon President Brian Robbins will also take over as chief executives of those businesses, with a global remit.

George Cheeks, the president and chief executive of CBS, will now be responsible for CBS’ global content strategy.

The moves are part of a broader restructuring geared at unifying the company’s U.S. and international businesses.

The three execs will continue to report to ViacomCBS chief Bob Bakish. The head of ViacomCBS Networks International, Raffaele Annecchino, will retain the same role.

© Reuters. FILE PHOTO: ViacomCBS headquarters is pictured in New York, New York, U.S. December 5, 2019. REUTERS/Kate Munsch

In June the company said it had appointed MTV Entertainment Group executive Tanya Giles as chief programming officer for its streaming division, part of a reorganization of senior management that formalizes the company's direct-to-consumer business as core to everyone's job.

ViacomCBS announced a previous streaming-related reorganization in October, ahead of the launch of streaming service Paramount+.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.