Sumner Redstone, a towering industry figure who turned a regional chain of movie theaters into a business empire that included Viacom, Paramount Pictures and CBS, has died at the age of 97.
National Amusements, the controlling shareholder of ViacomCBS, confirmed the news Wednesday morning.
“It is with great sadness that we announce the passing of Sumner M. Redstone, the self-made businessman, philanthropist and World War II veteran who built one of the largest collections of media assets in the world,” the company said in a statement (read it in full below).
ViacomCBS CEO Bob Bakish, who joined Viacom in 1997, called Redstone “a brilliant visionary, operator and dealmaker, who single-handedly transformed a family-owned drive-in theater company into a global media portfolio. He was a force of nature and fierce competitor, who leaves behind a profound legacy in both business and philanthropy. ViacomCBS will remember Sumner for his unparalleled passion to win, his endless intellectual curiosity,...
National Amusements, the controlling shareholder of ViacomCBS, confirmed the news Wednesday morning.
“It is with great sadness that we announce the passing of Sumner M. Redstone, the self-made businessman, philanthropist and World War II veteran who built one of the largest collections of media assets in the world,” the company said in a statement (read it in full below).
ViacomCBS CEO Bob Bakish, who joined Viacom in 1997, called Redstone “a brilliant visionary, operator and dealmaker, who single-handedly transformed a family-owned drive-in theater company into a global media portfolio. He was a force of nature and fierce competitor, who leaves behind a profound legacy in both business and philanthropy. ViacomCBS will remember Sumner for his unparalleled passion to win, his endless intellectual curiosity,...
- 8/12/2020
- by Jake Kanter, Jill Goldsmith and Dade Hayes
- Deadline Film + TV
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