In October 2009, the news was released that National Amusements would be selling almost $1 billion of stock they own in CBS and Viacom. Sale of theaters and subsidiary stock. national amusements subsidiaries. On September 29, 2016, National Amusements, the parent company of CBS Corporation and Viacom, wrote to Viacom and CBS encouraging the two companies to merge back into one company. Formation. The most well-known is Simon and Schuster, which National Amusements acquired when it purchased Viacom in 1999. National Amusements, directly and through subsidiaries, holds about 79% of ViacomCBS voting stock. Video Game Assets. On December 12, the deal was called off. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. True to its roots, National Amusements also operates Showcase Cinemas, Multiplex Cinemas, and Cinema de Lux branded theaters -- more than 950 screens total -- … has 34 subsidiaries & 495 executives 10 executives to email now National Amusements News Call National Amusements at +1 781 461 1600 See insights on National Amusements including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Along with that, TimeWarner has joint ventures in The CW and Hulu, along with ultra-niche TV programming for medical waiting rooms. National Amusements had expanded as well, enlarging to more than 1,200 screens in 12 countries. It was released that National Amusements planned to sell $390 million of notes in another attempt to refinance a large part of the company's bank owed debt. PitchBook Desktop; PitchBook Mobile; Excel Plugin; Direct Data; As Redstone prepared for the 21st century, further growth of his dominant media empire was expected, with National Amusements serving as the privately held investment arm to facilitate future expansion. Today these theatres are owned by Cinemark. Read More About: National Amusements has a modest collection of print publishers, but they’re pretty well-known. Leave a Comment / Uncategorized. Listing of all companies (past and present) owned by ViacomCBS, a subsidiary of National Amusements. Redstone, the controlling stockholder of National Amusements, is former chairman of Viacom and CBS Corporation. National Amusements, Inc. is an American privately owned theater company and mass media holding company based in Dedham, Massachusetts and incorporated in Maryland. Along with other entertainment assets, National Amusements controls CBS Games. These companies are profit engines that keep growing. 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