The deal brings together CBS television network, CBS News, Showtime cable networks with MTV Networks, Nickelodeon, Comedy Central and the Paramount movie studios. Together, the company will own more than 140,000 TV episodes and more than 3,600 film titles.
The new company, ViacomCBS, will compete in an industry that has been reshaped after large-scale deals, including $85 billion purchase of Time Warner by AT&T and Walt Disney's buyout of Twenty-First Century Fox Inc's film and television assets.
Here is a list of six major media companies, their CEOs and the assets they own:
* AT&T:
Market Cap: $254.72 billion
CEO: Randall Stephenson, since May 2007
Brands: Turner TV networks, HBO, Cartoon Network, Warner Bros. Studios, CNN and DirecTV
Market Cap: $246.81 billion
CEO: Robert Iger, since Sept 2005
Brands: The Walt Disney Studios, ABC Studios, National Geographic, ESPN, Marvel Studios, VICE, Lucasfilm Ltd, Pixar Animation Studios, 20th Century Fox Animations, Fox Family; Disney has plans to offer a bundle of its three streaming services starting in November: Disney+, ESPN+ and Hulu
* COMCAST CORP:
Market Cap: $197.53 billion
CEO: Brian Roberts, since Nov. 2002
Brands: NBC Universal, XFINITY, Sky, Comcast Cable, Universal theme parks, Comcast Spectacor
* NETFLIX INC:
Market Cap: $136.73 billion
CEO: Reed Hastings, since Sept. 1998
Brands: Netflix streaming service, Netflix DVD rental, Orange is the New Black, Stranger Things, Black Mirror, 13 Reasons Why, Bodyguard
* FOX CORP
Market Cap: $12.43 billion
CEO: Lachlan Murdoch, since March 2019
Brands: Fox Broadcasting Company, Fox Business Network, Fox Television Stations, Fox News, Fox Sports
Market Cap: $4.68 billion
CEO: David Zaslav, since Jan. 2007
Brands: TLC, Animal Planet, Discovery Kids, Oprah Winfrey Network
(Reporting by C Nivedita, Ayanti Bera and Sayanti Chakraborty in Bengaluru; Editing by Arun Koyyur)