CBS and Viacom have agreed to merge — what do they buy next?
Starz makes some sense for CBS, which already owns rival premium video service Showtime. There's certainly overlap between the two subscription services that could lead to synergies . CBS has been successful accumulating subscribers for its direct-to-consumer streaming services Showtime Anytime and CBS All Access, reaching 8 million subscribers two years before its own internal forecast and forecasting 25 paying customers by 2022.
In other words, if Bakish and Redstone want to get a lot bigger quickly, Starz, Lions Gate and MGM won't do it. That may push them further down the list of priorities.on Sony this year to break up the $70 billion company into an electronics unit and an entertainment unit. While Sony has thus far resisted his calls for a split, Redstone has some interest in pursuing a potential deal for Sony Pictures, according to people familiar with the matter.
The problem here is twofold. One, it's not clear Sony would be interested in losing control of Sony Pictures. While it's possible CBS could structure a deal where Sony would actually get some of Redstone's voting shares as a sweetener, such a structure could be complicated.
Shari Redstone attended Allen & Co.'s Sun Valley conference in July -- along with Saban. Whether the two discussed a deal is unclear.Of course, Redstone could also add more heft by selling -- following the footsteps of Time Warner and 21st Century Fox. Redstone isn't wedded to passing CBS-Viacom to her children, unlike her father, Sumner, according to people familiar with her thinking.
Then again, selling CBS-Viacom while her 96-year-old father is still alive may be anathema. And Sumner Redstone
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