Only in 12 years period, in 1985 Viacom's strategy became conglomerate, when it bought Warner-Amex Satellite Entertainment, the owner of MTV and Nickelodeon. After that it renamed the company "MTV Networks". At the same time, the new strong incorporation acquired Showtime Networks, Inc. (which included Showtime and The Movie Channel)...
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At the same time, the new strong incorporation acquired Showtime Networks, Inc. (which included Showtime and The Movie Channel). Since 1986 Viacom's life was controlled by Sumner Redstone's National Amusements, a movie theater company. The growing media industry lead to the fact that Redstone was successful enough to proceeded to make major acquisitions such as Paramount Pictures in 1993 and Blockbuster Video in 1994...
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