Shari Redstone

Shari Ellin Redstone (born April 14, 1954) is an American media executive with a background in numerous aspects of the entertainment industry and related ventures.[3] She currently serves as the president of National Amusements as well as vice-chairwoman of CBS Corporation[4] and Viacom.[5] Through National Amusements, Shari Redstone and her family are majority owners of CBS Corporation, Viacom, MTV Networks, BET, and the film studio Paramount Pictures.

Shari Redstone
Born
Shari Ellin Redstone

April 14, 1954 (age 65)
Washington, D.C., US
EducationTufts University (B.S.)
Boston University (J.D.)
Spouse(s)
Ira A. Korff
(m. 1980; div. 1992)
[1][2]
Children3
Parent(s)Sumner Redstone (father)
RelativesMichael Redstone (grandfather)
Brent Redstone (brother)

Early life and education

Redstone is the daughter of Sumner Redstone and Phyllis Gloria Raphael and sister of Brent Redstone. Her grandfather was Michael Redstone who was the original founder of National Amusements, the parent company that now owns the majority of the Redstone media empire. She holds a Bachelor of Science from Tufts University, graduating in 1975. She received her law degrees at Boston University School of Law in 1978 (J.D.) and in 1980 (LLM). She practiced corporate law, estate planning and criminal law in the Boston area before joining National Amusements.[6]

Career

1990s–2016

Since 1999, she has been President of National Amusements, one of the top 10 movie exhibitors in the United States.[7] Ms. Redstone has expanded the company's international footprint and its exploration of new technologies.[8][9][10][11][12]

In 2000, while at National Amusements, Redstone entered the Russian theater market, giving patrons there the opportunity to experience high-end luxury theaters.[13] In 2010, Redstone and her partners purchased the theaters that they had built and formed Rising Star Media,[14] of which she was chairman, and turned it into the top grossing cinema chain in that country.[15] Redstone and her partners sold Rising Star Media in 2011.[15][16]

In 2007, Redstone and her father feuded publicly over issues of corporate governance and the future of the cinema chain.[17] Documents have been made public which verify that, as part of a settlement from Sumner's first divorce, all of Sumner's stock is in irrevocable trusts that will be left to his grandchildren.[18] The trusts are said to make it clear that Shari Redstone, vice-chairwoman of the Board of Viacom and CBS, is to assume her father's role upon his death.

In 2011, Redstone became co-founder and managing partner of Advancit Capital, LLC,[19] an investment platform focusing on early stage in media, entertainment and technology.[19] In addition, she is Co-Chairman of MovieTickets.com,[20] Inc. and is a member of the Board of Directors and Executive Committee for the National Theatre Owners Association (NATO).[20]

2016–present

On February 3, 2016, her father resigned as CBS executive chairman after questions arose about his mental competency. CBS's board then offered Shari Redstone the position of non-executive chair but she declined.[21] The CBS board announced that Les Moonves replaced Sumner Redstone as CBS Chairman.[22] In 2016, Redstone, who at the time was vice chair of CBS and Viacom and president of National Amusements (the controlling shareholder of CBS and Viacom), gave the following statement on succession: "my father's Trust states his intention that I succeed him as (non-executive) Chair at CBS and Viacom, and also names me as a Trustee after his death." She stated that she wanted the chairs of each company to be "not a Trustee of my father's trust or otherwise intertwined in Redstone family matters," and she nominated Les as the CBS chair.[23]

On February 4, 2016, against Shari Redstone's desires,[24][25][26] Viacom's board of directors named Philippe Dauman, already the CEO and President, the Chairman, replacing Sumner Redstone.[22]

On January 17, 2018, the Wall Street Journal reported that Shari Redstone was pushing for CBS Corp. to merge with Viacom, with Redstone also gathering names for new board members at CBS.[27]

Personal life

Redstone married Rabbi Ira A. Korff,[28] and had three children but later divorced.[1][29] Her ex-husband was president and director of National Amusements until two years after they divorced.[1]

Philanthropy

Shari Redstone is currently (as of January 2018) a member of the Board of Directors at Combined Jewish Philanthropies and the Board of Trustees at Dana Farber Cancer Institute.[20] She is also on the Board of Directors of The National Center on Addiction and Substance Abuse (CASA) at Columbia University[30] and the John F. Kennedy Library Foundation.[31] Ms. Redstone recently joined the Board and Executive Committee of "Our Time", a mass-membership organization that stands for the economic interests and political inclusion of young Americans aged 18–30. She sits on the Local Advisory Board and Executive Committee for BUILD, a non-profit organization which uses entrepreneurship to propel low income youth through high school and into college.[32]

See also

References

  1. ^ a b c "Former Redstone Son-in-Law Quits Theater Chain". Los Angeles Times. 20 May 1994. Retrieved 4 February 2016.
  2. ^ "Trouble in the House of Redstone". Boston Magazine. Retrieved 4 February 2016.
  3. ^ "Shari Redstone". Forbes. 2012-04-18. Archived from the original on June 29, 2013. Retrieved 2014-01-15.
  4. ^ "Sumner M. Redstone". CBS Corporation. Retrieved 2014-01-15.
  5. ^ [1]
  6. ^ "List of Private Companies Worldwide, Letter - Businessweek". Investing.businessweek.com. Retrieved 2014-01-15.
  7. ^ "statisticscircuits". natoonline.org. Archived from the original on 2013-07-01. Retrieved 2014-01-20.
  8. ^ "Shari Redstone Says U.S. Has Too Many Cinemas, 'Thousands' Should Close - Bloomberg". Mobile.bloomberg.com. 2011-07-08. Archived from the original on 2014-01-16. Retrieved 2014-01-15.
  9. ^ "Foxboro, MA: National Amusements Debuts New Upscale Cinema Concept at Patriot Place - The BigScreen Cinema Guide". Bigscreen.com. Retrieved 2014-01-15.
  10. ^ "4/30/2002, The Bridge: Cinema De Lux - Almanac, Vol. 48, No. 32". Upenn.edu. 2002-04-30. Retrieved 2014-01-15.
  11. ^ "National Amusements Moves to a Digital Future with Sony 4K Digital Cinema... - PARK RIDGE, N.J., Oct. 7 /PRNewswire/". Prnewswire.com. Retrieved 2014-01-15.
  12. ^ "Sumner Redstone's Daughter Shari Launches Media, Tech Investment Firm". The Hollywood Reporter. 2011-08-26. Retrieved 2014-01-15.
  13. ^ [2]
  14. ^ Eller, Claudia (2010-01-08). "Shari Redstone buys Russian theaters from her family firm - Los Angeles Times". Articles.latimes.com. Retrieved 2014-01-15.
  15. ^ a b "Shari Redstone's Rising Star Media sold to Russian theater chain - latimes.com". Latimesblogs.latimes.com. 2011-06-06. Retrieved 2014-01-15.
  16. ^ Lenzner, Robert (2011-09-06). "Shari Redstone Makes Huge Profit By Selling Russian Theaters For $190 Million". Forbes. Retrieved 2014-01-15.
  17. ^ Abelson, Jenn (2007-09-19). "Redstone says he relies on his instinct - The Boston Globe". Boston.com. Retrieved 2014-01-15.
  18. ^ Eller, Claudia (2007-08-02). "Redstone family rift may not be healed - Los Angeles Times". Latimes.com. Retrieved 2014-01-15.
  19. ^ a b James, Meg (2011-08-27). "Shari Redstone launches investment firm Advancit Capital - Los Angeles Times". latimes.com. Los Angeles Times. Retrieved 2014-01-15.
  20. ^ a b c "Shari Redstone". CBS Corporation. Retrieved 2014-01-15.
  21. ^ Reuters (3 February 2016). "Sumner Redstone Resigns as CBS Executive Chairman". Fortune. Retrieved 4 February 2016.
  22. ^ a b "Viacom names Philippe Dauman as new board chairman, replacing Sumner Redstone". USA Today. 4 February 2016. Retrieved 4 February 2016.
  23. ^ "Shari Redstone | CBS Corporation". www.cbscorporation.com. Retrieved 2016-02-11.
  24. ^ David Lieberman. "Viacom Names Philippe Dauman Chairman Succeeding Sumner Redstone - Deadline". Deadline Hollywood. Retrieved 4 February 2016.
  25. ^ "Succession battle engulfs Sumner Redstone's media empire". Financial Times. Retrieved 4 February 2016.
  26. ^ Chris Palmeri, Lucas Shaw (4 February 2016). "Viacom's Board Names Dauman Chairman, Replacing Aging Redstone". Bloomberg.com. Retrieved 4 February 2016.
  27. ^ Hagey, Keath (January 17, 2018). "Shari Redstone Wants New CBS Directors, Renews Push for Merger With Viacom". The Wall Street Journal. New York City, New York. Retrieved January 18, 2018.
  28. ^ "The Jewish Post and Opinion, July 18, 1980, Page10".
  29. ^ William D. Cohan. "Sumner Redstone Shows Yet Another Ex-Girlfriend to the Door". Vanity Fair. Retrieved 4 February 2016.
  30. ^ "Press Releases". CASAColumbia. Retrieved 2014-01-15.
  31. ^ "Board of Directors - John F. Kennedy Presidential Library & Museum". Jfklibrary.org. Retrieved 2014-01-15.
  32. ^ "Local Advisory Board | BUILD Greater Boston". Buildinboston.org. Retrieved 2014-01-15.

External links

Brent Redstone

Brent Redstone (born c. 1951) is an American lawyer, heir and entrepreneur.

CBS Consumer Products

CBS Consumer Products is a unit of the CBS Corporation which manages the worldwide licensing, merchandising, and video activities for a diverse slate of properties owned or controlled by the CBS Corporation, including CBS Television Studios and CBS Television Distribution.

CBS Corporation

CBS Corporation is an American mass media corporation focused on commercial broadcasting, publishing, and television production, with most of its operations in the United States. The current President and Acting CEO is Joseph Ianniello. Sumner Redstone, owner of National Amusements, controls CBS by way of his majority ownership of the company's Class A voting stock; he also serves as Chairman Emeritus.

It is currently the world's eighth largest entertainment company in terms of revenue after The Walt Disney Company, NBCUniversal, WarnerMedia (in which its owned by AT&T and its subsidiary Warner Bros. owns half of The CW, formerly The WB and UPN), Bertelsmann, Vivendi and Sony Corporation. The company began trading on the NYSE on January 3, 2006. Until then, the corporation was known as Viacom, and is the legal successor to said company. A new company, keeping the Viacom name, was spun off from CBS. CBS, not Viacom, retains control of over-the-air television (CBS and CW) broadcasting, TV production and distribution, publishing, pay-cable, basic cable, and recording formerly owned by the larger company. CBS has its headquarters in the CBS Building (colloquially called "Black Rock"), Midtown, Manhattan, New York City, United States.

David R. Andelman

David R. Andelman (born 1940) is an attorney at Lourie & Cutler, P.C. in Boston, Massachusetts, United States. Currently (August, 2006) Andelman is a Director of CBS Corporation, National Amusements and Lourie & Cutler, P.C. Andelman began as a director at Viacom in 2000, and became a member of the CBS Corporation board after Viacom's 2005 split.

Game One

Game One is a French television channel owned by Viacom International Media Networks Europe.The channel shows several programs based on video gaming. It also airs Japanese anime on a regular basis, such as Fairy Tail, Naruto, Naruto Shippuden, Dragon Ball, Dragon Ball Z, Dragon Ball Z Kai and Eyeshield 21.

J-One

J-One is a French television channel dedicated to Asian anime and culture. It was launched on 4 October 2013..

Joseph Ianniello

Joseph R. Ianniello is American media executive. He was named interim CEO of CBS Corporation upon the resignation of Les Moonves following allegations of sexual misconduct.

MTV (Finland)

MTV Finland is a music channel broadcasting to the Finnish speaking market. The channel replaced MTV Nordic on September 18, 2005.

MTV Hits (Europe)

MTV Hits is a 24-hour non-stop of music pop from Viacom International Media Networks Europe that launched on 27 May 2014, replacing MTV Hits UK version. The channel is widely available throughout Europe, except United Kingdom and Ireland.

MTV Music 24

MTV Music 24 (also called MTV Music) is a Dutch pay television music channel of MTV. The programming consists of non-stop music videos 24-hours a day.

National Amusements

National Amusements, Inc. is an American privately-owned theater company and mass media holding company based in Dedham, Massachusetts and incorporated in Maryland. It was the parent company of the first incarnation of Viacom, and is the parent company of CBS Corporation and second incarnation of Viacom that were split off in 2006.

As of December 2016, National Amusements, directly and through subsidiaries, holds approximately 79.8% of the Class A (voting) common stock of Viacom Inc., constituting 10% of the overall equity of the Company, and holds approximately 79.5% of the Class A (voting) common stock and 2.4% of the Class B (non‐voting) common stock of CBS Corporation, constituting 9.1% of the overall equity of the Company.

The company operates more than 1,500 movie screens across the Northeastern United States, the United Kingdom, Latin America, and Russia under its Showcase Cinemas, Multiplex Cinemas, Cinema de Lux, and KinoStar brands.

Nick Records

Nick Records (also known as Nickelodeon Records or Nick Music) is the record label for the children's television channel Nickelodeon. The label featured new and emerging young musical artists, "triple threat" singers who would also act and dance on the network's series, and soundtrack and compilations based on Nickelodeon TV shows.

Nickelodeon (Estonia)

Nickelodeon Estonia was a block on the Estonian channel TV1. It started in fall 1998. It was canned in the early 2000s because of low ratings. Nickelodeon was already in Estonia through satellite but there was no Baltic feed. Most Nickelodeon programming aired in Estonia on Kanal 2, TV3, and ETV.

Nickelodeon now has an Estonian track on the CEE feed along with Lithuanian, and Latvian audio tracks.

Philippe Dauman

Philippe Pierre Dauman (born March 1, 1954) is an American businessman who served as President, CEO and Chairman of Viacom from September 2006 until May 20, 2016, amid court proceedings over control of the company. Dauman was a longtime associate of the company's chairman Sumner Redstone. Dauman served from 1994 to 2000 as a member of Viacom's executive committee and as executive vice president in charge of strategic transactions, legal and government affairs, human resources and administration, supervising Paramount Pictures Entertainment, Showtime Networks and Simon & Schuster. Dauman was also a director at Redstone-owned CBS Corporation until September 2006.

On February 4, 2016, it was announced that Viacom's board elected Dauman as Sumner Redstone's replacement for the position of Chairman of Viacom.

Spree TV

Spree TV is an Australian free-to-air television channel launched on 17 September 2013 by Ten Network Holdings and Brand Developers. The channel broadcasts infomercials and home shopping.

Sumner Redstone

Sumner Murray Redstone (born Sumner Murray Rothstein; May 27, 1923) is an American businessman and media magnate. He is the majority owner and chairman of the board of the National Amusements theater chain. Through National Amusements, Redstone and his family are majority voting shareholders of CBS Corporation and Viacom (itself the parent company of Viacom Media Networks, BET Networks, and the film studio Paramount Pictures). According to Forbes, as of September 2015, he was worth US$5 billion.Redstone was formerly the executive chairman of both CBS and Viacom. In February 2016, at age 92, Redstone resigned both chairmanships following a court-ordered examination by a geriatric psychiatrist. He was ultimately succeeded by Les Moonves at CBS and Philippe Dauman at Viacom, where he currently serves as chairman emeritus.

Viacom

Viacom Inc. ( VY-ə-kom or VEE-ə-kom) is an American multinational mass media conglomerate company with interests primarily in film and television. It is currently the world's ninth largest media company in terms of revenue, and has headquarters in New York City. Voting control of Viacom is held by National Amusements, Inc., a privately owned theater company controlled by billionaire Sumner Redstone, who also holds a controlling stake in CBS Corporation.The present-day Viacom was created as a spin-off from the original company, which was renamed as CBS Corporation afterwards, on December 31, 2005. The latter currently retains control of the over-the-air broadcasting, TV production, subscription pay television, and publishing assets, which were previously owned by the original Viacom. Comprising Viacom Media Networks and Paramount Pictures, Viacom operates approximately 170 networks, reaching approximately 700 million subscribers in approximately 160 countries.

Viacom (1952–2006)

The original incarnation of Viacom Inc. (originally an initialism of Video & Audio Communications) was an American media conglomerate. During the 1970s and 1980s, Viacom was a prominent distributor of syndicated CBS television series. They also distributed syndicated shows which originated during the 1980s, with the biggest examples being The Cosby Show and Roseanne (which were produced by Carsey-Werner Productions, who later began distributing their own programming). On December 31, 2005, Viacom split into two new companies, resulting in the creation of CBS Corporation and the current incarnation of Viacom.

Yitzhak Aharon Korff

Grand Rabbi Yitzhak Aharon (Ira A.) Korff is the Rebbe of Zvhil – Mezhbizh. Since 1975 he has been the Chaplain of the City of Boston (serving the Boston Police and Fire Departments, Mayor's Office, and other City departments and agencies) and spiritual leader of Congregation Bnai Jacob, Zvhil–Mezhbizh Beis Medrash of Boston, Miami, and Jerusalem, Israel, serving also periodically with the Chief Rabbis of Israel at The Jerusalem Great Synagogue. He is a dayan (judge of Jewish law) of the BaDaTz Boston Beth din (rabbinical court) and Vaad HaRabbonim (council of rabbis). He is also principal of Korff Associates, consultants in business, diplomacy and international law and relations, Consul to the government of Austria and publisher of the Boston-based Jewish newspaper The Jewish Advocate.

Corporate directors
Broadcast TV assets
Network facilities
CBS Television Studios
Broadcast stations
Cable channels
CBS Studios International
Digital media
Simon & Schuster
Radio networks
Miscellaneous assets
Defunct properties
Former
See also
Corporate directors
Viacom Media Networks
Viacom International Media Networks
Paramount Motion Pictures Group
Television stations
Miscellaneous assets
Defunct/former properties
See also

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