On August 11, local time, Samuel Redstone, who built the media empire Viacom, died in Los Angeles, California, at the age of 97.
Mr. Lei Shidong is a major shareholder and chairman of national entertainment company. Through national entertainment company, he and his family control CBS and Viacom group. CBS and Viacom group own Viacom media TV network, bet TV network and Paramount Pictures, MTV, Nick International Children’s channel, etc.
Lei Shidong was the executive chairman of CBS and Viacom group. In February 2016, Mr. Redstone, 92, announced his resignation one week after the court ordered a geriatric psychiatric examination, and they were taken over by Leslie munweiss of CBS and Philip dum of Viacom group, respectively.
as the only tycoon in the media industry who can compete with Murdoch, the scale of Viacom owned by leishidong is no less than that of the group, with total assets of more than $50 billion.
in the 1930s, Sally’s grandfather opened the first auto theater in New York, and then developed into northeast cinema company. After that, Lei Shidong, who gave up his lawyer’s profession, joined his father’s career and built northeast cinema company into a national entertainment company with chain cinemas all over the country. Through the acquisition of Viacom, paramount film company and CBS, he further expanded his business scope and finally achieved the media kingdom.