February 27, 2013 |
The more things change, the more they stay the same. On Tuesday, Viacom, parent of MTV, Nickelodeon and Comedy Central, was accused in a lawsuit filed by New York-based cable operator Cablevision Systems Corp. of engaging in anti-competitive and monopolistic business practices. The suit, filed in federal court in New York, charges that Viacom unfairly leverages the strength of its strong networks to get distribution for its weaker channels. "Viacom effectively forces Cablevision's customers to pay for and receive little-watched channels in order to get the channels they actually want," the suit said, adding that such behavior is an abuse of market power and does irreparable harm to the pay-TV industry.
February 6, 2013 |
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.
January 17, 2013 |
Billionaire Sumner Redstone has donated $10 million to the USC School of Cinematic Arts. The gift will be earmarked to help further the media production education programs at the school, including a state-of-the-art production facility. Redstone is executive chairman of media companies Viacom Inc. and CBS Corp. The facility will be named the Sumner M. Redstone Production Building. It will be part of the school's new Cinematic Arts Complex, which will be dedicated Feb. 5. Over the years, the 89-year-old mogul has contributed more than $100 million to various institutions and causes, including the Massachusetts General Hospital, USC Keck School of Medicine, Autism Speaks, Cambodian Children's Fund and the Global Poverty Project, among others.
June 19, 2012 |
An anti-bullying initiative that will enable Los Angeles students to anonymously report threats of violence via text message to school officials is scheduled to be introduced next fall through a charitable donation by media mogul Sumner Redstone. The 89-year-old Redstone, chairman of Viacom Inc., which includes MTV Networks and Nickelodeon, and CBS Corp., donated $100,000 to the Safe to Talk Fund program. The money will be used to establish a service called SchoolTipline in the Los Angeles Unified School District.
June 18, 2012 |
An anti-bullying initiative that will enable Los Angeles students to anonymously report threats of violence to school officials via text message is scheduled to be introduced next fall through a charitable donation by media mogul Sumner Redstone. The 89-year-old Redstone, chairman of Viacom Inc., which includes MTV Networks and Nickelodeon, and CBS Corp., donated $100,000 to the Safe to Talk Fund program, made the announcement Monday. The money will be used to establish a service called SchoolTipline in schools within the Los Angeles Unified School District.
March 31, 2012 |
Viacom Inc. and CBS Corp. Chairman Sumner Redstone was etched in entertainment history Friday when he received a star on the Hollywood Walk of Fame. The aging mogul's family members and some of Hollywood's most powerful executives were on hand to witness the tribute on Hollywood Boulevard, just outside the Hollywood Roosevelt Hotel, where the first Oscar ceremony was held. Viacom Chief Executive Philippe Dauman compared Redstone to Adolph Zukor, the visionary New York nickelodeon owner who became one of the first people to make big money in movies.