When Viacom reunified with CBS Corporation, some industry observers may have questioned why the Viacom team — orchestrated by majority shareholder National Amusements, Inc. and one Shari Redstone — was given control over what was once known as Black Rock.
Thursday’s release of ViacomCBS’s Q1 2021 results illustrate just how correct that decision was. Streaming revenue is on fire, and that was a key catalyst for the company during the first three months of 2021.
