Sumner Redstone has joined an elite group of Hollywood heavyweights in cementing his legacy with a prominent USC building named in his honor.
The billionaire media mogul gave a $10-million gift to the USC School of Cinematic Arts this year. This week, the university christened a building in its expansive Cinematic Arts complex as the Sumner M. Redstone Production Building. The facility includes 2,600 square feet of production space, including two new soundstages called Redstone 1 and Redstone 2.
Filmmakers Steven Spielberg and George Lucas, who both also have buildings in the School of Cinematic Arts complex named after them, USC leaders and other industry titans toasted the 89-year-old Redstone on Tuesday night.
Redstone, who earned his degrees at Harvard University, built a global empire that consists of two publicly traded media companies, CBS Corp. and Viacom Inc., which includes the century-old Hollywood film studio Paramount Pictures. He assembled his corporate fortress from a regional drive-in movie theater chain founded by his father.
"Sumner has far exceeded anyone's expectations when it comes to giving to the Trojan community," Spielberg said during the short ceremony.