seq. The legislation, which took effect immediately, amended the New York Worker Adjustment and Retraining Notification (WARN) Act by substantially expanding the list of governmental entities that must receive advance notice of a WARN-triggering event.Under the New York WARN Act, covered employers (those employing 50 . By March 22, ViacomCBS shares had surged more than 165% in 2021, closing above $100 per share. Overview: We are seeking a VP of Content Strategy: Quota Compliance to lead P+'s efforts to meet content quota requirements across all their international territories. Through television, film, digital media, live events, merchandise and solutions, its brands connect with diverse, young and young at heart audiences in more than 180 countries. Shares of Credit Suisse, based in Zurich, were down more than 10 percent on Monday after it warned of hits to its balance sheet. The company announced today that Paramount+ will make its debut in France as an exclusive bundle with CANAL+ Group, giving subscribers immediate access to Paramount+ through the country's largest provider. INVESTORS AND SECURITY HOLDERS OF CBS AND VIACOM ARE URGED TO READ THE REGISTRATION STATEMENT, WHICH INCLUDES THE JOINT CONSENT SOLICITATION STATEMENT / PROSPECTUS, AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PENDING MERGER AND RELATED MATTERS. (Photo: Business Wire), Nancy Phillips will serve as Executive Vice President, Chief People Officer, ViacomCBS. Licensing, or royalty revenue, has always been a significant part of the business, accounting for about 24 percent of yearly sales since 2018. The ViacomCBS corporate leaders being announced today include: These corporate leadership announcements follow the previously announced appointments of Christa DAlimonte as Executive Vice President, General Counsel and Secretary; Anthony DiClemente as Executive Vice President, Investor Relations; DeDe Lea as Executive Vice President, Global Public Policy and Government Relations; Julia Phelps as Executive Vice President, Chief Communications and Corporate Marketing Officer, and Christina Spade as Executive Vice President, Chief Financial Officer. New York WARN: A Flawed Statute That Can and Should Be Fixed . This communication is for informational purposes only and is not intended to and does not constitute an offer to subscribe for, buy or sell, or the solicitation of an offer to subscribe for, buy or sell, or an invitation to subscribe for, buy or sell any securities or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, invitation, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. 3SeeN.Y.S. Bruno LoGreco Master Life Coach & Mentor. Viacom and CBS commenced mailing the definitive joint consent solicitation statement / prospectus to Viacom stockholders and CBS stockholders on or about October 28, 2019. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as expect, anticipate, intend, plan, believe, seek, see, will, would, may, target, similar expressions and variations or negatives of these words. For the most part, this report does not address the concept behind the New York Worker Adjustment and Retraining Notification Act. You may opt-out by, 5 Critical Lessons From The Last Writers Strike, Boris Sanchez On CNNs Revamped Dayside Programming: I Think Viewers Are Going To Be Surprised, CNNs Nick Paton Walsh Hikes Five Days With Migrants Headed Toward U.S.: The Worst Thing In The World, Radio Silent: Tesla, Ford And More EVs Phase Out AM Radio, Actor BD Wong On Directing Comedian Judy Golds New Solo Show, Foul Play Mixes Murder Mysteries, Broadway Stars In Novel Online Interactive Series, As Instagram Opens Creator Market To Tech Partners, Brands Mega Influencer Campaigns Should Boom, NBC Builds Viewer Engagement In A Crowded Programming Landscape. 25 W 51st St, New York, NY 10019. Case 1:18-cv-06422 Document 1 Filed 07/16/18 Page 1 of 14 The deal, which was announced. Those who had reportedly slower responses could be facing billions of dollars in losses. Assembly A10674 Summary, available at:https://assembly.state.ny.us/leg/?default_fld=&leg_video=&bn=A10674&term=2019&Summary=Y&Actions=Y&Memo=Y&Text=Y(last visited Nov. 11, 2020). Scope of Report . In the suit, the executive accused Viacom of hatching a plan to attribute the revenue from the popular franchise Teenage Mutant Ninja Turtles to the Netherlands for tax advantages. Because we're broader in four key areas: our diverse content, streaming model, mix of platforms and global reach. Enterprise-set series STAR TREK: STRANGE NEW WORLDS. How? ViacomCBS (NASDAQ: VIAC; VIACA), to be known as Paramount, is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Those cuts did not affect staff of the TV show and were not related to the merger, but reportedly included ET Live hosts Tanner Thomason and Jason Carter. Its like taking a dollar bill from your front left pocket and moving it to your right rear pocket. The impact of Archegoss stumble underscored the risks to the financial system from sophisticated investors who work with Wall Street banks to make bets using leverage. The transfer essentially a sale from one Viacom subsidiary to another created a tax benefit, the study said. Viacom (NASDAQ:VIAB)(NASDAQ:VIA) creates entertainment experiences that drive conversation and culture around the world. In connection with the pending merger between CBS Corporation (CBS) and Viacom Inc. (Viacom), CBS has filed with the Securities and Exchange Commission (the SEC) a Registration Statement on Form S-4 (No. The WARN Act applies to private businesses with 50 or more full-time employees in New York State. It isstronglyencouraged that employers submit their WARN notices byemailto[emailprotected]. They fell last week instead. ViacomCBSs Paramount Pictures, which distributed the computer-animated action-fest, saved much of that money by licensing the international rights through a complex strategy designed to avoid paying U.S. taxes, according to a study published on Tuesday by the Centre for Research on Multinational Corporations, a nonprofit group funded in part by the Dutch Ministry of Foreign Affairs. ViacomCBS fulfills its tax obligations in all 180-plus countries and the territories we operate, and all of our revenues including those identified in this report are fully taxed in relevant jurisdictions around the world, including the United States, as required by applicable law.. The New York WARN Act requires that organizations comply if they layoff over 25 employees within a 30 day period when a plant is closing. Comcast shares were largely flat. (the "WARN Act") and 90 days advance written notice of their terminations by Defendants as required by the New York Worker Adjustment and Retraining Notification Act ("NY WARN Act") New York Labor Law ("NYLL") 860 et seq. On November 11, 2020, Governor Cuomo signed an amendment (the "Amendment") to the New York State Worker Adjustment and Retraining Notification Act ("NY-WARN Act"). Its not all about money, but its about long term, Mr. Hwang said in a 2018 video in which he discussed his faith and work. And, the following top-performing reality series have been renewed for Paramount+: Queen of the Universe, RuPaul's Drag Race All Stars and The Challenge: All Stars. Moving licensing rights to SpongeBob from one country to another is just a matter of paperwork. In addition, the average age of new subscribers in August was measurably younger than the service's overall average subscriber age, due in large part to the addition of UEFA and the newly added content from various ViacomCBS brands. New blockbuster franchise expansions also unveiled today include: Other Kids and Family content announcements included updates to animated preschool favorites: Additionally, an update in Kids and Family live-action programming included: Paramount+ doubles down on adult animation with new takes and news on two of the most successful and well-known IP in the history of the genre: A fresh slate of global unscripted series, expanding industry-defining franchises, include: In addition to these all-new titles, seven upcoming iterations from THE SHORE franchise will launch on Paramount+ in territories around the globe, including Argentina Shore, Colombia Shore and Australian Shore, with more cities to be announced. These appointments, which will be effective upon closing, will align key functions and operations to support ViacomCBS divisions and lines of business as the combined company pursues its differentiated growth strategy. Current role: Lawenda heads digital video and branded content across all platforms, as well as social influencer sales and ad sales at Pluto TV. Investors who bought ViacomCBS at $85 saw those shares worth $48 just days later. The media company behind Showtime and Nickelodeon is swinging the ax at CBS finance department, which is housed in the networks Midtown Manhattan headquarters building known as Black Rock, sources told The Post. Goldman Sachs sold about 323,000 through the convertible preferred and another 646,000 through the common stock offering. ViacomCBS Renames Itself Paramount - WSJ Dow Jones, a News Corp company About WSJ News Corp is a global, diversified media and information services company focused on creating and distributing. His firm began fielding queries from worried banks. On November 11, 2020, Governor Andrew Cuomo signed into law Assembly Bill A10674a. Bill Hwang, right, with his lawyer Lawrence Lustberg in 2012, runs Archegos Capital Management, which bet that shares of ViacomCBS, among other companies, would rise. Jeffery Kadet, an expert on international taxation and an instructor at the University of Washington School of Law, said the moves are akin to self-dealing. Alphabet, Starbucks, Dell and other U.S. companies have also had units in the Netherlands. The leading global brands in entertainment, We tell rich stories that are highly relevant to our audiences. Goldman Sachs spokesperson Maeve Duvally said, "There are strong informational barriers between the parts of the firm that manage capital raising for corporate clients and our relationships with institutional investors." For more information on Viacom and its businesses, visit http://www.viacom.com. Get this delivered to your inbox, and more info about our products and services. ViacomCBS, which is led by Shari Redstone, has sought to take advantage of ever-changing tax laws in other countries in a cat and mouse game, the study said. Since the transformation ofCBS All Accessbegan in late July, the service has experienced significant growth and engagement. Anyone can read what you share. Disney, which acquired the entertainment assets of Rupert Murdochs 21st Century Fox in early 2019, reported revenue of $65.4 billion last fiscal year, while a combined Warner-Discovery would have $41 billion. In a three-hour event from the Paramount lot on Wednesday, ViacomCBS (VIACA) provided the first details for the company's nascent streaming plans for Paramount+, which launches March 4.. By Kate Kelly,Matt Phillips,Andrew Ross Sorkin and Alexandra Stevenson. Kelli.Raftery@cbs.com, Viacom and CBS Announce ViacomCBS Corporate Leadership, Internet Explorer presents a security risk. Sign up for free newsletters and get more CNBC delivered to your inbox. Axel Springer reportedly in talks to buy ownership stake i Woman fatally shot by upstate NY homeowner after pulling into wrong driveway: sheriff, Haribo fans shocked to learn green gummy bear flavor: 'Calling the police', Tom Sandoval blasts wellness resort for outing his stay: Tried to find peace, Kylie Jenner reveals whether she wants more kids amid Timothe Chalamet rumors, Jesy Nelson hasnt spoken to her former Little Mix bandmates for 2 years, Even AOC Cant Believe Netflix Crashed During Love Is Blind Live Reunion, 'Mike & Molly' star Billy Gardell details 150-pound weight loss: My diabetes is 'gone'. "Our powerful content, marketing and distribution engines drove explosive growth as further proof of our ability to establish a sustainable, large scale streaming business with a differentiated global playbook.". 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