Big Of The Media World Was 97 – Deadline

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Sumner Redstone, a towering {industry} determine who constructed a enterprise empire that included Viacom, Paramount Footage and CBS, has died on the age of 97.

Confirming the information on Wednesday morning, Nationwide Amusements mentioned: “It’s with nice disappointment that we announce the passing of Sumner M. Redstone, the self-made businessman, philanthropist and World Conflict II veteran who constructed one of many largest collections of media belongings on the earth. He handed away yesterday on the age of 97.

“Over the course of his distinguished life and profession, Sumner performed a important position in shaping the panorama of the fashionable media and leisure {industry}. At Nationwide Amusements, he reworked a regional theater chain right into a world chief within the movement image exhibition {industry}. Sumner was additionally a eager investor who took stakes in quite a lot of firms, together with Viacom Inc. and CBS Company – right now merged as ViacomCBS – which he constructed into distinguished, worldwide and industry-leading conglomerates within the media {industry}.

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“Sumner was a person of unequalled ardour and perseverance, who devoted his life to his perception within the energy of content material. Together with his passing, the media {industry} he cherished so dearly loses one in every of its nice champions. Sumner, a loving father, grandfather and great-grandfather, might be vastly missed by his household who take consolation figuring out that his legacy will dwell on for generations to come back.”

ViacomCBS CEO Bob Bakish added: “Sumner Redstone was a superb visionary, operator and dealmaker, who single-handedly reworked a family-owned drive-in theater firm into a worldwide media portfolio.

“He was a drive of nature and fierce competitor, who leaves behind a profound legacy in each enterprise and philanthropy. ViacomCBS will keep in mind Sumner for his unparalleled ardour to win, his countless mental curiosity, and his full dedication to the corporate. We lengthen our deepest sympathies to the Redstone household right now.”

Extra follows.

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