Sumner Redstone

Viacom is owned by American mogul Sumner Redstone, who, together with his family, owns over 70% of stock of Viacom and CBS Corporation through the firm National Amusements. His daughter, Shari Redstone (Vice President of the board of directors of Viacom and CBS), is the next in line to lead her father’s business. Viacom is the owner of Telefé since 2016, it is the fourth largest media conglomerate in the world and owns cinema studios, TV networks, paid TV channels, videogame companies, movie theater networks and theaters, among other businesses. Traditionally, the Redstones and their media were always open supporters of the US Democratic Party.

Through National Amusements, a partnership with which the Redstone family controls VIACOM, they have interests in the film industry in production with Paramount Pictures and distribution-exhibition with Showcase Cinemas.