translated from Spanish: Sumner Redstone, a billionaire film tycoon, dies at 97

U.S.- Billionaire Sumner Redstone, president and chief executive officer of National Amusements, died at the age of 97, ViacomCBS said Wednesday. For nearly 30 years, the media mogul led Viacom as executive chairman of the board following the acquisition of National Amusements of a majority stake in the company in 1987.
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Redstone took his father’s cinema chain and turned it into an empire that included Paramount Pictures, CBS and MTV. He was one of the last old-school media tycoons along with Rupert Murdoch and cable king John Malone.

With his aggressive style and boundless energy, he created a company that produced some of the best TV movies and movies of the time, including The Big Bang Theory, Top Gun and Titanic. Redstone coined the phrase: “Content is king.” Redstone was not afraid to lay off talents, whether they were executives or movie stars. In 2006 he broke ties with Tom Cruise, arguing that his personal life and behavior cost him money at the box office. Redstone showed a particular penchant for expelling top executives, including Viacom President Frank Biondi; Mel Karmazin, the head of CBS; and Tom Freston, who was appointed CEO of Viacom after losing an agreement to acquire MySpace at the hands of Murdoch.

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“I have no intention of retiring or dying,” he told an interviewer in 2011. “I am Mr. Redstone’s curious case.” But when he entered the 1990s, Redstone’s physical and mental health prompted an avalanche of corporate maneuvers that led him to resign in 2016 as executive chairman of both companies. After decades of building his empire, Redstone’s participation in corporate events became minimal in 2014 and he only uttered a few words in the earnings calls.
Redstone’s death, which comes at a time when the media landscape is undergoing heartbreaking changes, thins the ranks of a group of media executives who changed the world of news and entertainment with the companies they created. You may be interested:Coronavirus is found in frozen shellfish containers in ChinaAlertan in Spain by arrival of the mosquito transmitting “Nile fever”Colombia prohibits testing cosmetics on animals



Original source in Spanish

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