Word: viacom
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...settle this weighty issue? They flipped a coin. Not without some maneuvering, of course. Team DreamWorks, which consists of Jeffrey Katzenberg, David Geffen and Spielberg, was determined that Spielberg should follow a premonition and call tails. "I believe in Steven's premonitions," Katzenberg explains. But Sumner Redstone, chairman of Viacom, Paramount's parent company, and a man who would negotiate a sunrise, insisted that Spielberg toss his own quarter while he, Redstone, made the call. The DreamWorkers gave in. Redstone, to their relief, called heads. Tails...
...synergy is the driving force behind media conglomerates, somebody at Viacom Inc. missed a meeting. When the company's MTV and VH-1 video channels recently sought an online-CD outlet, they passed over corporate cousin Blockbuster Entertainment, the video- and record-store Goliath, in favor of a more popular rival, N2K's Music Boulevard. MTV will also contribute news to the sites and promote them over the airwaves. With the $24 million-a-year online-music market expected to grow to $1 billion by 2000, MTV's abandonment is more bad news for the retail chain. Blockbuster has enough...
...largest radio-only company in the country: Chancellor Media Corp. The new outfit combines Evergreen Media Corp. and Chancellor Broadcasting Co., which is controlled by investment firm Hicks, Muse, Tate & Furst and is valued at about $1.5 billion. The company will then buy 10 stations from media giant Viacom for $1.075 billion...
These days Huizenga operates as chairman of a company called Republic Industries. (He sold Blockbuster to Viacom for $8.4 billion in September 1994.) And his latest scheme promises to rock the very core of the car world, which is worth $1 trillion when viewed as a series of transactions that includes new- and used-car sales, service, accessories and financing. Car businesses compose one-seventh of the economy...
...idea that is catching on--and not only among the Bay Area digerati. "By next fall about 85% of our games will have some kind of online capability," says Jeffrey Anderson, director of domestic licensing for Viacom Consumer Products, which is talking to Velocity about building a Star Trek-based MUD. "Everybody recognizes that that's where the money is going...