Philippe Dauman

Redstone appoints Dauman board replacement

Sumner Redstone has appointed two new members to the board of his family trust in the latest twist to the ongoing battle for control of Viacom. A storm has erupted following Redstone’s decision to remove Viacom CEO Philippe Dauman and lawyer George Abrams from that board, sparking a bitter war of words and a lawsuit […]

Viacom battle takes new turn with Dauman lawsuit

The increasingly bitter battle between Philippe Dauman and Sumner Redstone has taken a new turn with Viacom CEO Dauman issuing a lawsuit in an attempt to reverse a decision to removed him from a Redstone family trust. Dauman issued a lawsuit yesterday, alleging Shari Redstone, Sumner’s daughter, removed him from the trust illegally and that Sumner is […]

Redstone removes Dauman from trust as Viacom battle enters new phase

Viacom owner Sumner Redstone has hit out at CEO and executive chairman Philippe Dauman, saying he has made “baseless attacks and misrepresentations” and removed him from a trust that controls Viacom and CBS. A bitter war of words has since broken out with media commentators suggesting Redstone’s move is designed to put his daughter Shari […]

New original content is priority, says Viacom chief

Philippe Dauman has said investing in new original content across TV, film and digital is the company’s key strategic priority. The Viacom chief was speaking in the wake of the latest quarterly results, which saw a decline in the media giant’s revenues. “First and foremost, we continue to make substantial investments in content, specifically original […]

Viacom looks to sell Paramount Pictures stake

Viacom is exploring selling a “significant” minority investment in its TV and film studio Paramount Pictures. Viacom chairman and CEO Philippe Dauman confirmed the news at the Jefferies Media and Communications Conference in New York City, saying: “We have received indications of interest from potential partners seeking a strategic investment in Paramount Pictures and I have decided to […]

Viacom’s share price plummets as Dauman attacks ‘naysayers’

Viacom’s shareprice fell to its lowest point since 2010 yesterday after disappointing results and an earnings call in which Philippe Dauman slammed “naysayers” for questioning the company’s direction. Speaking on the call, Viacom CEO Dauman, who earlier this month was also named executive chairman of the US media giant, described 2015 as a “challenging year” […]

Analysts speak out on Dauman, Moonves appointments

Analysts have said Viacom is likely to remain on the same strategic course after the appointment of Philippe Dauman as president and executive chairman given Sumner Redstone, the previous chairman, has been ‘substantially less active in recent years’. Moody’s issued a note on Viacom in the wake of Dauman assuming the new role. While noting […]

Dauman to replace Redstone as chairman of Viacom

Philippe Dauman has been named executive chairman of US media giant Viacom, an appointment that board member Shari Redstone has publicly opposed. Dauman replaces Shari Redstone’s father, 92-year-old Sumner Redstone, as chair, in a repeat of the top-level changes at Redstone’s other media giant, CBS, this week. That saw Sumner Redstone resigning his chairman post, […]

Viacom restructure costs US$785m upfront

The continuing restructuring of Viacom will cost the US-based media giant US$785 million. The company plans to write down that amount as a pre-tax charge for the first fiscal quarter of 2015. This will reflect costs relating to “underperforming programming, including the abandonment of select acquired titles, as well as costs associated with workforce reductions”. […]

Nick going OTT with SVOD service

Nickelodeon is to launch a standalone US subscription on-demand service as the Viacom channel targets children and families across platforms. Talking on a Viacom earnings call yesterday, Viacom CEO Philippe Dauman said the “innovative” service would target the “fast-growing mobile market” and would be “very attractive for parents and children”. Nick plans to give the […]