Viacom Media Networks, formerly known as MTV Networks, is an American mass media division of Viacom that oversees the operations of many of its television channels and Internet brands. Its sister international division is Viacom International Media Networks.
The company was founded in 1984 after Warner Communications and American Express decided to divest the basic cable assets of Warner-Amex Satellite Entertainment, renaming it as MTV Networks, Inc. Warner-Amex had originally created and owned Nickelodeon, MTV, VH1 and The Movie Channel (TMC). Viacom acquired 66% of the company in 1985 and then acquired the remaining 34% interest in 1986. The company was renamed Viacom Media Networks in 2011.
|Viacom Media Networks|
|MTV Networks (1984–2011)|
|Industry||Entertainment, cable and satellite television|
|Predecessor||Warner-Amex Satellite Entertainment|
|Founded||July 19, 1984|
New York City, New York, U.S.
|Bob Bakish (President and Chief Executive Officer, Music and Entertainment Group)|
1Channel created by Warner-Amex Satellite Entertainment prior to 1984.
2Channel originally owned by CBS, became part of MTV Networks when CBS merged with Viacom.
3Created as VH1 Country prior to Viacom/CBS merger.
4Channel was originally known as VH1 MegaHits before being discontinued in July 2005 to facilitate Logo launch.
5Channel was originally known as Noggin before being rebranded as Nick Jr. in 2009. Co-owned with Sesame Workshop from 1999 to 2002.
6Channel was originally known as The N before being rebranded as TeenNick in 2009.
7Channel started as Ha!, merged with HBO's The Comedy Channel the following year, became fully owned by Viacom in 2003.
8Channel was originally known as Nicktoons TV until 2003 when it was rebranded as Nicktoons which was rebranded again as Nicktoons Network in 2005 and finally rebranded yet again as Nicktoons once more in 2009.
9Channel was originally known Pinwheel until 1979 when it was rebranded as Nickelodeon.
10Channel was originally known MTV Hits until 2016 when it was rebranded as NickMusic.
11Channel was originally known as The 90's Are All That until 2015 and The Splat until 2017.
12Formerly on NickToons until February 11, 2018.
13Originally TNN from 1983 to 2003 (as The Nashville Network until 1997; as The New Network until 2003) and was originally known as Spike until January 2018.
The company also owns internet properties, such as MTV News and AwesomenessTV. The company ran a virtual world system, Virtual MTV, in the late 2000s. It formerly owned Neopets, Atom Entertainment, RateMyProfessors.com, and other web properties before shutting them down or selling them to other companies in the 2000s and 2010s.
In 2006, Viacom acquired Harmonix, a video game studio oriented towards music video games and the original developer of the Guitar Hero franchise, for $175 million. The two subsequently collaborated on the creation of Rock Band. That year, Viacom also acquired the gaming-oriented communications platform Xfire.
In 2011, Viacom established a new in-house studio known as 345 Games, which is dedicated primarily to developing games based on Comedy Central and MTV properties.
Viacom International Media Networks is a division of Viacom International. Its headquarters are in New York, London, Warsaw and Buenos Aires. It consists of MTV, VH1, Nickelodeon, TMF, VIVA, Comedy Central, Game One, Nitrome Limited, Shockwave, Addicting Games, Atom Films, Colors and Xfire.
The Viacom International Media Networks network consists of:
In the fall of 2012, media analysts began to report that ratings amongst some of MTV Networks' leading brands in the U.S., including MTV, Comedy Central and Nickelodeon, were experiencing falls in viewership unlike other US broadcasters.
It was reported that MTV Networks' portfolio of channels fourteen of the 16 channels in the MTV and Nickelodeon families had viewership declines in September, according to Sanford C. Bernstein analyst Todd Jeunger, citing Nielsen data. MTV, Comedy Central and Nickelodeon were of most concern to investors. The three account for roughly 50% of Viacom's operating profit, estimated David Bank of RBC Capital Markets.