CIBUNET | Industry Resources, Economic And Business Development Interface

Nickelodeon and Tyler Perry Studios Partner to Produce Brand-New Kids and Family Series Starring Young Dylan

BURBANK, Calif.- Nickelodeon, the number-one kids’ network, and Tyler Perry Studios have entered into a content partnership to jointly develop and produce a new kids and family live-action series with 10-year-old rapper Young Dylan (Dylan Gilmer, @officialyoungdylan). The news was revealed today on The Ellen DeGeneres Show.

Written by Perry, the project tells the story of a family whose world is turned upside down when their nephew, an aspiring hip-hop star, moves in unannounced.

Said Perry: “I’m excited to work with Brian and the team at Nickelodeon and find creative ways to reach new audiences,” said Perry. “I love creating comedy television and can’t wait to work with the talented Young Dylan.”

Added Nickelodeon President Brian Robbins: “It’s a thrill to bring this new series to Nickelodeon from the incredibly talented and prolific Tyler Perry, whose track record speaks for itself. Dylan is an incredibly talented 10-year-old who at heart is a relatable kid making his dreams happen. We know kids are going to love watching Dylan and we can’t wait to introduce him and his new show to our audience.”

Nickelodeon’s partnership with Tyler Perry Studios is part of Perry’s long-term pact with Viacom, producing original series for BET Networks and other Viacom networks, with exclusive licensing rights on this programming. Additionally, Tyler Perry Studios recently announced its joint venture with BET Networks for the new streaming video on demand service BET+.

Born and raised in Annapolis, MD, Young Dylan is best known for his many appearances and performances on The Ellen DeGeneres Show and at NBA All-Star Weekend. He also made a guest appearance on the revival of Nickelodeon’s hit series, All That scheduled to air on Saturday, Oct. 12. Young Dylan has an overall talent deal with Telepictures, a subsidiary of Warner Bros. Television.
Dylan Gilmer is represented by Sherry Kayne of The Green Room and Chris Abramson at Felker Toczek Suddleson Abramson.

About Tyler Perry Studios
Tyler Perry Studios is a state-of-the art film and television production facility founded in 2006 by actor, producer, filmmaker, playwright and philanthropist Tyler Perry. Located in Atlanta, Georgia on the historic grounds of the former Fort McPherson army base, the new 330-acre campus is one of the largest production studios in the country. It boasts a variety of shooting locations including 40 buildings on the national register of historic places, 11 purpose-built sound stages, 200 acres of green space and an expansive backlot.

About Nickelodeon
Nickelodeon, now in its 40th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The brand includes television programming and production in the United States and around the world, plus consumer products, digital, location-based experiences, publishing and feature films. For more information or artwork, visit http://www.nickpress.com. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. (NASDAQ: VIA, VIAB).

Hello, Jerry! Viacom Acquires Exclusive Cable Rights to Seinfeld From Sony Pictures Television

NEW YORK – Viacom (NASDAQ: VIAB, VIA) today announced the acquisition of Seinfeld from Sony Pictures Television, in a deal that features the exclusive cable rights for all 180 episodes of the iconic series. Beginning in October 2021, the full library of Seinfeld episodes will air amongst Viacom’s entertainment brands, including Comedy Central, Paramount Network and TV Land. Additionally, catch-up episodes will be available through Viacom brands via authenticated video on demand, websites and apps. The deal was closed by Barbara Zaneri, EVP, Viacom Global Program Acquisitions, and Flory Bramnick, EVP, US Distribution, for an undisclosed sum and a loaf of marble rye after a spirited Festivus feats of strength competition.

“We’re extremely proud to bring this little-known series to our viewers. With the right programming and promotion, we believe we’ll finally get Seinfeld the recognition it truly deserves, as merely the greatest sitcom of all-time,” said Kent Alterman, President of Comedy Central, Paramount Network, TV Land and Vandelay Industries.
John Weiser, President, First Run Television for Sony Pictures Television said, “Seinfeld airing on Comedy Central and the Viacom networks brings together the greatest comedy of all time, with the best brands in cable. This was a tremendous team effort and we are delighted to be working with the first class executives at Viacom who are experts in programming and promotion. For a show about Nothing, this is really Something!”

An Emmy and Golden Globe-winner for Best Comedy Series, Seinfeld is one of the most popular, most award-winning and longest-running comedy series of all time. Jerry Seinfeld stars as a stand-up comedian whose life in New York City is made even more chaotic by his quirky group of friends who join him in wrestling with life’s most perplexing, yet often trivial questions. Often described as “a show about nothing,” Seinfeld mines the humor in life’s mundane situations like waiting in line, searching for a lost item, or the trials and tribulations of dating. Co-starring are Julia Louis-Dreyfus as Jerry’s ex-girlfriend and current platonic pal, Elaine Benes; Jason Alexander as George Costanza, Jerry’s neurotic hard-luck best friend; and Michael Richards as Jerry’s eccentric neighbor, Kramer.

Seinfeld is a West/Shapiro Production in association with Castle Rock Entertainment. Seinfeld was created by Larry David and Jerry Seinfeld and executive produced by Larry David, Howard West, and George Shapiro.

About Sony Pictures Television
Sony Pictures Television (SPT) is one of the television industry’s leading content providers, producing, distributing and carrying programming worldwide in every genre and for every platform. In addition to managing one of the industry’s largest libraries of award-winning feature films, television shows and formats, SPT is home to a thriving global content business, operating 24 wholly-owned or joint-venture production companies in 12 countries, as well as linear and digital channels around the world. Sony Pictures Television is a Sony Pictures Entertainment Company.

About VPAG
Viacom Program Acquisitions Group (VPAG) is responsible for the coordination of program acquisitions across multiple Viacom platforms and brands. VPAG harnesses the collective buying power of Viacom in negotiating series and movie licenses by synchronizing multi-channel deals and program buys across the Company portfolio.

Julia Phelps named Executive Vice President, Chief Communications and Corporate Marketing Officer of ViacomCBS Inc.

NEW YORK – CBS (NYSE: CBS.A, CBS) and Viacom (NASDAQ: VIAB, VIA) today jointly announced that Julia Phelps has been named Executive Vice President, Chief Communications and Corporate Marketing Officer of ViacomCBS, effective upon closing of the deal to combine CBS and Viacom. Phelps will report to Bob Bakish, President and Chief Executive Officer, Viacom, who will serve as President and Chief Executive Officer of ViacomCBS upon close.

As Executive Vice President, Chief Communications and Corporate Marketing Officer, Phelps will lead the combined company’s Corporate Communications, Corporate Marketing, Corporate Responsibility, Special Events and Internal Creative teams.

“Julia has been a vital force in shaping and communicating Viacom’s strategy, and revitalizing its vibrant culture and dynamic, entrepreneurial spirit,” said Bakish. “Her leadership and skill in communicating and driving change will be invaluable as we bring together the talented teams of CBS and Viacom.”

The appointment of Phelps follows yesterday’s announcement of Anthony DiClemente as Executive Vice President, Investor Relations, ViacomCBS, effective upon close.

“Julia and Anthony are both highly experienced executives who have contributed significantly to the respective success of Viacom and CBS. I look forward to working with both of them, drawing on their insights and expertise, as we pursue a powerful growth strategy anchored in ViacomCBS’s position as one of the most important content producers and providers in the world,” said Bakish.

Phelps has served as Executive Vice President, Communications, Culture and Marketing, Viacom since April 2017. During this time, she has overseen a variety of important initiatives, including the development and roll out of Viacom’s corporate mission, vision and values; the global launch of Spark, a next-generation town hall to equip and engage employees; and Generation Change, a global platform designed to elevate and empower young people who drive change around the world. Before that, Phelps served as Executive Vice President of Communications at Viacom International Media Networks (VIMN), where she led VIMN’s internal and external communications efforts for Viacom’s international brands, including MTV, Nickelodeon, Comedy Central, BET, Paramount Channel, VH1, COLORS and Channel 5. Previously, she served as Senior Vice President of Corporate Communications for VIMN and as VP of Corporate Communications for Viacom. Phelps first joined Viacom in 2005 from New York based agency DeVries Public Relations. A native of Canada, Phelps earned a B.A. in Political Science from the University of Victoria in British Columbia, and an M.S. in Strategic Communications from Columbia University.

The combination remains subject to regulatory approvals and other customary closing conditions. It is expected to close by the 2019 calendar year end.

About CBS
CBS Corporation (NYSE: CBS.A and CBS) is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. The Company has businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media. CBS owns the most-watched television network in the U.S. and one of the world’s largest libraries of entertainment content, making its brand -“the Eye” – one of the most-recognized in business. The Company’s operations span virtually every field of media and entertainment, including cable, publishing, local TV, film and interactive. CBS’ businesses include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), Network 10 Australia, CBS Television Studios, CBS Global Distribution Group, CBS Consumer Products, CBS Home Entertainment, CBS Interactive, CBS All Access, the Company’s direct-to-consumer digital streaming subscription service, CBS Sports Network, CBS Films, Showtime Networks, Pop, Smithsonian Networks, Simon & Schuster, CBS Television Stations and CBS Experiences. For more information, go to http://www.cbscorporation.com.

About Viacom
Viacom (NASDAQ: VIAB, VIA) creates entertainment experiences that drive conversation and culture around the world. Through television, film, digital media, live events, merchandise and solutions, its brands connect with diverse, young and young at heart audiences in more than 180 countries.

For more information on Viacom and its businesses, visit http://www.viacom.com. Keep up with Viacom news by following it on Twitter (twitter.com/Viacom), Facebook (facebook.com/Viacom) and LinkedIn (linkedin.com/company/Viacom).

Save the Music Launches First-Ever Electronic Music Grant Named After Legendary Producer J Dilla

NEW YORK- MTV and Save the Music—a non-profit organization that has launched over 2,000 music programs within schools across the country—today announced a first-of-its-kind program supporting electronic music production to develop students’ creative and technical talents and reflect how modern music is being made today.

The grant, which was developed in partnership with Pharrell Williams’ creative collective i am OTHER and Arizona State University (ASU), is named the J Dilla Music Tech Grant after the legendary producer who worked with De La Soul, A Tribe Called Quest, Common and Erykah Badu, among others, and whose revolutionary approach to making beats continues to inspire artists more than a decade after his death. The program’s innovative combination of music technology and a forward-looking curriculum focuses on the fundamentals of electronic music creation, recording and production, bringing out each student’s inner creativity, talent, and confidence.

Beginning next month, seven high schools across the country will participate in the multi-year initiative. The schools include:
Barringer HS, Newark, NJ
High School for Public Service, Brooklyn, NY
South Philadelphia HS, Philadelphia, PA
Hialeah Senior HS, Miami, FL.
Arts High School, Newark, NJ
McDonogh 35, New Orleans, LA
Belmont HS, Los Angeles, CA

“This expanded focus into electronic music technology was driven by listening to the needs of the community and realizing where we could make the most impact on kids,” said Henry Donahue, Executive Director of Save the Music. “After 20 years of providing students and teachers with more than $50 million of band and string instruments, we have now added mixers, turntables, and drum machines to accurately and equitably reflect the music ecosystem today.”

“DJs with turntables and producers with MIDI controllers and state-of-the-art technology are the vanguard of new music makers today—across all musical genres,” said Amy Doyle, General Manager of MTV, and Board Co-chair of Save the Music. “The J Dilla Music Technology Grant underscores MTV and Save the Music’s commitment to cultivating the future creators, providing them with cutting edge tools and innovative instruction to enable them to participate in the future of music.”

“With the J Dilla Music Tech Grant we are deepening our collective efforts to broaden access to the highest quality music education and thinking equitably about the communities we serve to build and expand the pedagogy and curricula that foster young people’s skills, creativity, and expression,” said Evan Tobias, Associate Professor of Music Education at Arizona State University and head of the Consortium for Innovation and Transformation in Music Education.

Save the Music
Save The Music Foundation is a 501(c)(3) nonprofit that helps kids, schools, and communities realize their full potential through the power of making music. Founded in 1997, Save The Music partners with school districts and raises funds to restore music programs in public schools. Since inception, we have donated over $58 million worth of new musical instruments and technology to over 2,159 schools in 276 school districts around the country– impacting the lives of countless students. Learn more about us and our efforts at www.savethemusic.org.

Arizona State University
Arizona State University has developed a new model for the American Research University, creating an institution that is committed to access, excellence and impact. ASU measures itself by those it includes, not by those it excludes. As the prototype for a New American University, ASU pursues research that contributes to the public good, and ASU assumes major responsibility for the economic, social and cultural vitality of the communities that surround it. https://citme.music.asu.edu

i am OTHER
i am OTHER is the strategic consulting and creative collective assembled and led by Pharrell Williams. That which makes you different makes you special. https://iamother.com/

Hasbro to Acquire Entertainment One Adding Brands and Expanding Storytelling Through Global Entertainment

PAWTUCKET, R.I. & LONDON- Hasbro, Inc. (NASDAQ: HAS) and Entertainment One Ltd. (LSE: ETO) (eOne) today announced that they have entered into a definitive agreement under which Hasbro will acquire eOne in an all-cash transaction valued at approximately £3.3 billion or US$4.0 billion. Under the terms of the agreement, eOne shareholders will receive £5.60 in cash for each common share of eOne, which represents a 31% premium to eOne’s 30-day volume weighted average price (VWAP) as of August 22, 2019.

“The acquisition of eOne adds beloved story-led global family brands that deliver strong operating returns to Hasbro’s portfolio and provides a pipeline of new brand creation driven by family-oriented storytelling, which will now include Hasbro’s IP,” said Brian Goldner, Hasbro chairman and chief executive officer. “In addition, Hasbro will leverage eOne’s immersive entertainment capabilities to bring our portfolio of brands that have appeal to gamers, fans and families to all screens globally and realize full franchise economics across our blueprint strategy for shareholders. We are excited to welcome eOne’s talented employees from around the world into the Hasbro family.”

“On behalf of the board of eOne, I am very pleased by this exciting development, which is a testament to eOne management’s vision, leadership and solid execution. This transaction creates significant, immediate value for our shareholders as it recognizes the strength of our future-facing business model,” said Allan Leighton, eOne’s chairman of the board.

“Hasbro’s portfolio of integrated toy, game and consumer products, will further fuel the tremendous success we’ve achieved at eOne,” said Darren Throop, chief executive officer of eOne. “There’s a strong cultural fit between our two companies; eOne’s stated mission is to unlock the power and value of creativity which aligns with Hasbro’s corporate objectives. eOne teams will continue to do what they do best, bolstered by the access to Hasbro’s extensive portfolio of richly creative IP and merchandising strength. In addition, the resulting expanded Hasbro presence in Canada through eOne’s deep roots will bring world class talent and production capabilities to Hasbro. Along with our leadership team, I look forward to working with Hasbro on our joint growth and success for many years to come.”

“By combining two profitable and financially disciplined companies we expect to unlock value in the short- and long-term for our stakeholders,” said Deborah Thomas, Hasbro’s chief financial officer. “eOne’s brands and TV and film expertise, together with Hasbro’s brands, toy and game innovation and licensing capabilities, positions us to more quickly drive revenue and profit over the medium-term. We remain committed to maintaining an investment grade rating and returning to our gross Debt to EBITDA target of 2.00 to 2.50X.”

The acquisition will advance Hasbro’s position as a leading global play and entertainment company, adding beloved, global preschool brands with proven success and strong financial returns across platforms to Hasbro’s robust portfolio. eOne’s capabilities to bring high-quality content across platforms will strengthen Hasbro’s end-to-end ability to monetize and bring to market its IP in increasingly attractive new formats, including over-the-top (OTT) and premium platforms, music, location-based entertainment, AR and VR.

Strategic Rationale
Enhances Hasbro’s brand portfolio with two beloved global preschool brands and an attractive slate of brands in development

The acquisition of highly profitable and merchandisable preschool brands is a strategic growth opportunity for Hasbro in the Infant and Preschool category, the largest super-category in the toy and game industry in the G11 markets, according to the NPD Group
Peppa Pig is an evergreen property that has thrived for over a decade and extended itself to new profit streams that continue its success
PJ Masks growth outlook is supported by new formats, its current rollout in China, the launch of new seasons in multiple regions, a live touring event and new toy lines
A slate of additional brands is under development, including Ricky Zoom, a unique storyline with highly merchandisable content airing on Nickelodeon in the US and other top-tier global networks beginning Sept. 9, 2019
Adding exceptional, proven TV and film expertise

By developing, owning and strategically distributing content, the acquisition positions Hasbro to capture more franchise economics created and perpetuated by differentiated platforms
eOne brings profitable, growing capabilities in scripted and unscripted TV development and production for global audiences
Live action and animation present multiple avenues to bring Hasbro’s franchises to life as OTT platforms and networks are increasingly interested in new, unexploited intellectual property while studios reclaim content for proprietary platforms
In film, eOne has been transforming its business to focus on high-quality premium talent-driven content, including titles like Clifford the Big Red Dog and Monster Problems
eOne’s Canadian TV and film operations will continue as a distinct Canadian-controlled business within the combined business
Leveraging talented executive team across all areas of entertainment and strong Canadian presence

Top eOne executives have agreed to join the Hasbro team
eOne’s seasoned entertainment executives with deep talent relationships and creative drive will further strengthen Hasbro’s talented team
Global organization, with presence in London, Los Angeles, Toronto, New York, Hong Kong, Melbourne and Shanghai
eOne’s Canadian presence is an important base for creative talent and best-in-class studio capabilities, significantly expanding Hasbro’s Canadian presence and positioning eOne for ongoing success in Canada, including in relation to its robust pipeline of television and film projects
The transaction is structured to ensure that eOne’s Canadian operations will continue to meet applicable Canadian control regulatory requirements in relation to television and film production companies, to the continued benefit of the Canadian television and film production industry
Financial Benefits

Creates opportunities for accelerating long-term profitable growth
Hasbro expects to realize in-sourcing and other global annual run rate synergies of approximately US$130 million by 2022, driven by integration benefits, substantial savings from moving a significant portion of eOne’s toy business in-house and enhancing the profitability of eOne’s licensing and merchandising activities
The addition of eOne to Hasbro is expected to be accretive to adjusted EPS in the first year following the transaction, adjusted to exclude one-time transaction costs and purchased intangible amortization, with mid- to high-teens accretion to adjusted EPS in the third full year following the closing of the transaction as synergies are achieved (1)
Meaningful potential for additional revenue growth and expanded franchise economics with brand-driven animation and live action TV and film entertainment
Hasbro cannot, without unreasonable effort, forecast certain items required to develop a meaningful comparable GAAP financial measure to adjusted EPS. See “Use of non-GAAP financial measures” below for further discussion
Transaction Details

The cash purchase price of £5.60 per share represents a 31% premium to eOne’s 30-day volume weighted average price (VWAP) as of August 22, 2019.

Hasbro expects to finance the transaction with the proceeds of debt financing and approximately US$1.0 billion to US$1.25 billion in cash from equity financing. Hasbro has entered into a debt commitment letter with Bank of America Merrill Lynch to provide a 364-day senior unsecured bridge loan facility to secure funding of the purchase price.

Hasbro is committed to maintaining an investment grade rating. Hasbro’s long-term leverage target remains unchanged at 2.00 to 2.50X gross Debt to EBITDA and expects to return to this range in three to four years.

Hasbro expects to maintain its quarterly dividend and suspend its current share repurchase program while it prioritizes achieving its leverage target.

The transaction, which is structured as a statutory plan of arrangement under the Canada Business Corporations Act, has been approved by the boards of directors of each of Hasbro and eOne, and is subject to receipt of certain regulatory approvals, the approval by eOne shareholders and the Ontario Superior Court of Justice and other customary closing conditions. eOne is subject to customary non-solicitation provisions under the definitive agreement and a termination fee payable to Hasbro in certain circumstances. The transaction is expected to close during the fourth quarter of 2019.

The board of directors of eOne, after consultation with its financial advisors as to the financial terms of the transaction and its legal advisors, unanimously determined that the transaction is in the best interests of eOne and has recommended that eOne shareholders vote in favor of the transaction. eOne’s board of directors has received a fairness opinion from J.P. Morgan Cazenove in connection with the transaction to the effect that, as of the date of such opinion, and subject to the assumptions, limitations, qualifications and other matters set forth therein, the consideration to be paid to the eOne shareholders is fair, from a financial point of view, to such shareholders.

Centerview Partners LLC is serving as financial advisor to Hasbro and Cravath, Swaine & Moore LLP, Stikeman Elliott LLP and Freshfields Bruckhaus Deringer LLP are serving as its legal counsel. J.P. Morgan Cazenove is serving as financial advisor to eOne and Osler, Hoskin & Harcourt LLP and Mayer Brown International LLP are serving as its legal counsel.

About Hasbro
Hasbro (NASDAQ: HAS) is a global play and entertainment company committed to Creating the World’s Best Play Experiences. From toys and games to television, movies, digital gaming and consumer products, Hasbro offers a variety of ways for audiences to experience its iconic brands, including NERF, MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, MONOPOLY, BABY ALIVE, MAGIC: THE GATHERING and POWER RANGERS, as well as premier partner brands. Through its entertainment labels, Allspark Pictures and Allspark Animation, Hasbro is building its brands globally through great storytelling and content on all screens. Hasbro is committed to making the world a better place for children and their families through corporate social responsibility and philanthropy. Hasbro ranked No. 13 on the 2019 100 Best Corporate Citizens list by CR Magazine, and has been named one of the World’s Most Ethical Companies® by Ethisphere Institute for the past eight years. Learn more at www.hasbro.com, and follow us on Twitter (@Hasbro) and Instagram (@Hasbro).

About Entertainment One
Entertainment One Ltd. (LSE: ETO) is a global independent studio that specialises in the development, acquisition, production, financing, distribution and sales of entertainment content. Entertainment One’s diversified expertise spans across film, television and music production and sales, family programming, merchandising and licensing, and digital content. Through its global reach and expansive scale, powered by deep local market knowledge, Entertainment One delivers the best content to the world.

Entertainment One’s robust network includes international feature film distribution company Sierra/Affinity; Amblin Partners with DreamWorks Studios, Participant Media, and Reliance Entertainment; Makeready with Brad Weston; unscripted television production companies Whizz Kid Entertainment and Renegade 83; live entertainment leaders Round Room Entertainment; world-class music labels Dualtone Music Group and Last Gang; and award-winning emerging content and technology studio Secret Location.

The 2019 BMW Championship Gets Underway At Medinah Country Club in Medinah, IL, Marking Return To Chicago Market

Medinah, IL – August 14, 2019… The 2019 BMW Championship officially got underway today at Medinah Country Club in Medinah, Illinois, marking the event’s return to its traditional home in the Chicago area. Defending BMW Championship winner Keegan Bradley will look to become the first repeat champion since BMW became title sponsor in 2007, and only the third golfer to win multiple BMW Championship titles.

The annual BMW Championship Gardner Heidrick Pro-Am kicked off tournament week, with another star-studded field. Heisman Trophy winner and College Football Hall of Fame member Bo Jackson and baseball legend and World Series champion Roger Clemens were among the notables playing alongside PGA TOUR players. Also, teeing it up was former Miss Missouri and social media sensation, Katie Kearney. They participated in the largest fundraising event for the Evans Scholars Foundation, which provides full tuition and college scholarships to caddies throughout the country with limited financial means.

As always, all net proceeds from the 2019 BMW Championship will benefit the Evans Scholars Foundation, which provides full housing and tuition college scholarships to hardworking young caddies. Since the tournament’s inception in 2007, the BMW Championship has raised more than $30 million for the Evans Scholars Foundation. For the coming 2019-2020 academic year, 1,000 caddies will be attending 18 major colleges and universities on Evans Scholarships – a goal that BMW has helped come to fruition. Currently there are more than 11,500 Evans Scholarship Alumni nationwide.

Once again, BMW will also provide a full, four-year tuition and housing grant through the Evans Scholarship Foundation in the name of the first PGA TOUR player to record a hole-in-one during the 2019 BMW Championship.

The BMW Championship is the penultimate event of the PGA TOUR’s FedExCup Playoffs and for the first time, will be played in August – Thursday, August 15 through Sunday, August 18.

The 70-player field is expected to include some of the most accomplished golfers in the sport such as two-time BMW Championship winners Tiger Woods and Dustin Johnson, and other notables including Brooks Koepka, Rory McIlroy, Justin Thomas, Jason Day and Phil Mickelson. All four of this year’s major championship winners (Woods, Koepka, Gary Woodland and Shane Lowry) will take on Medinah’s world-famous Course No. 3 layout, alongside reigning FedExCup winner Justin Rose.

PGA TOUR players will also have the opportunity to earn some significant prizes by carding a hole-in-one on the 17th hole. The first player to record an ace during competition rounds will receive the all-new BMW M8 convertible.

As always, fans attending the BMW Championship will have a multitude of interactive activities on the grounds, in addition to the golf, including:

BMW Fan Challenge Powered by Topgolf CRUSH
Located across from the driving range, is your chance to test your skills against the best golfers on the PGA TOUR awaits at the BMW Fan Challenge Powered by Topgolf CRUSH. This five-shot game challenges you to beat the scores of your favorite players. High scores throughout the week will receive prizes, compliments of BMW. The highest score of the week will win a trip to the BMW Performance Center in Thermal, California, where they’ll experience power, speed and adrenaline through the BMW M School program.

Biergarten
Nestled between the first tee and 18th green, fans can prepare for Oktoberfest, as the Biergarten offers all patrons a place to relax and experience the BMW Championship without missing any of the action. The space features natural shade, picnic tables, authentic German beer, and yes, pretzels. With a large video board showing live tournament coverage, you can take a break and enjoy a taste of Germany while enjoying the competition of the BMW Championship.

BMW Owners’ Pavilion
A BMW key unlocks the best views that the BMW Championship has to offer. Once inside the BMW Championship, Owners and a guest can access the BMW Owners’ Pavilion by simply showing their BMW key fob. There, they are invited to relax and enjoy premium concessions as well as unparalleled views of the 16th green, 17th tee, and 17th green.

For updates during the 2019 BMW Championship, follow the conversation with:
Facebook: www.facebook.com/BMWChampionship
Twitter: @BMWchamps, @PGATOUR, @WGAESF, @MedinahCC
Instagram: @BMWChamps, @PGATOUR, @BMWUSA, @medinahcountryclub
Hashtags: #BMWChamps #BMWGolf #PGATOUR #FedExCup, #LiveUnderPar

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About the BMW Championship
The BMW Championship, conducted by the Western Golf Association, dates back to 1899 when it debuted as the Western Open, making it the third-oldest tournament on the PGA TOUR schedule, behind only the British Open and U.S. Open. BMW has sponsored the tournament since 2007 when it became the penultimate event of the PGA TOUR’s FedExCup Playoffs. The BMW Championship features a field of the top 70 players in the FedExCup standings to determine the final 30 players for the FedExCup finale at the TOUR Championship in Atlanta. To learn more, visit www.bmwchampionship.com.

About the Western Golf Association
The Western Golf Association conducts three national golf championships and sponsors the nationally acclaimed Evans Scholars Foundation. Headquartered in Golf, Illinois, the organization was founded in 1899 by 11 Chicago-area golf clubs to promote their interests in golf. In addition to the BMW Championship, the WGA conducts two prestigious amateur championships, the Western Amateur and the Western Junior. To learn more, visit www.wgaesf.org.

About the Evans Scholars Foundation
The Evans Scholars Foundation, the nation’s largest scholarship program for caddies, provides full housing and tuition college scholarships to young caddies who show academic promise and financial need. Overseen by the Western Golf Association, the golf charity has helped more than 11,500 caddies graduate from college since 1930. This fall, 1,000 Scholars are attending 18 universities nationwide.

Viacom to Acquire Garfield for Nickelodeon Portfolio

NEW YORK- Viacom Inc. (NASDAQ: VIA, VIA.B), through one of its subsidiaries,has entered into a definitive agreement to acquire Paws, Inc., the entity holding global intellectual property rights to the Garfield and the U.S. Acres franchises–including corresponding rights related to content, consumer products, and location-based experiences. The acquisition is expected to close in the upcoming weeks.

Nickelodeon plans to develop new Garfield content for all platforms and consumer products for a new generation of fans. Image Credit: Paws, Inc.
The acquisition of Garfield is part of Nickelodeon’s strategy to be the home for the biggest franchises kids and families love, and it expands Nickelodeon’s growing portfolio of influential properties that already includes SpongeBob SquarePants, PAW Patrol, Teenage Mutant Ninja Turtles, the forthcoming Blue’s Clues & You!, the first-ever SpongeBob spinoff, Kamp Koral, and an all-new animated Star Trek series.

Said Nickelodeon’s President, Brian Robbins: “This acquisition marks another step in our evolution toward being kids’ first stop for the best new content and characters, so we’re incredibly happy to have Garfield join our growing roster of globally loved franchises and to introduce this cool cat to a new generation of fans.”

Following completion of the acquisition, Nickelodeon plans to develop a new Garfieldanimated television series. Global merchandising rights to Garfield will be managed by Viacom Nickelodeon Consumer Products (VNCP), including the property’s existing portfolio of licensees. Garfield creator Jim Davis will continue to produce the Garfield syndicated comic strip.
“Great content is core to the strength of our brands, and Garfield is a beloved character that continues to be part of the cultural zeitgeist with universal resonance across all ages,” said Sarah Levy, Chief Operating Officer of Viacom Media Networks. “The acquisition of Paws, Inc. provides another opportunity for Viacom to leverage our platforms to extend the global reach of iconic IP.”

Pam Kaufman, President of VNCP, added: “Garfieldis a global evergreen franchise that is a natural fit with Nickelodeon and our portfolio of iconic properties. With fans around the globe that span both kids and adults, we are excited to ignite Garfield into a multi-generational consumer products juggernaut and further deliver on VNCP’s ‘Every Age, Every Aisle’ mission.”

Created by cartoonist Jim Davis, Garfield is the most widely syndicated comic strip in the world (Guinness World Records), and the franchise spawned movies, TV shows, stage shows and merchandise. Garfield has received four Emmy Awards for Outstanding Animated Program, and Davis was inducted into the Licensing Hall of Fame in 1998.

Davis said: “I’ve always tried to make people laugh with humor that is classic and appealing to both kids and adults. I’m delighted thatGarfieldis going to be placed in the capable hands of the folks at Nick. They know how to entertain and will be great stewards for the franchise. I am also excited to continue to do the thing that gets me out of bed every morning…the comic strip!”

About Nickelodeon
Nickelodeon, now in its 40th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The brand includes television programming and production in the United States and around the world, plus consumer products, digital, location based experiences, publishing and feature films. For more information or artwork, visit http://www.nickpress.com. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. (NASDAQ: VIA, VIAB).

BET Networks and Tyler Perry Studios to Launch BET+

NEW YORK–
“African Americans are the leading consumers of streaming services, with higher SVOD adoption rates than other consumers, which is why we’re so excited to launch a premium product for this underserved audience. BET+ is a natural extension of BET’s linear network, which has been the leading home of black culture for decades. Our curated catalog and original programming will keep the BET+ content offering fresh, fueling subscriber growth, viewership and retention,” said Scott Mills, President of BET Networks. “Tyler Perry is the perfect partner for BET+. The combination of new, original shows and his giant library of popular movies, series and stage plays that Tyler brings to our joint venture creates an amazing product for his large and passionate fan base.”

“In our industry, the way people consume content is constantly evolving. I’ve paid attention to my audience and what works for them and, for that reason, I’m very excited not only about the idea of partnering with BET to create new and exciting content, but also about the idea of giving people a personalized experience through the ability to curate the content they love to consume. On a personal level, this will also be the first time I’ll be working in areas like unscripted and variety television, which will afford me the opportunity to work in fresh, creative ways with new voices and to discover new talent,” said Tyler Perry.

BET+ will offer consumers a comprehensive collection of premier African American-focused dramas, sitcoms, films and specials in the streaming universe. It will be the official home of Tyler Perry’s collected works across film, television and the stage. The service will feature Tyler Perry’s box office-topping theatrical films, including films from the “Madea” series; original series “House of Payne” and “Meet the Browns” and a selection of Perry’s stage plays.

In addition, the first BET+ original — “First Wives Club,” a new 10 episode scripted drama from acclaimed “Girls Trip” screenwriter Tracy Oliver — will debut on the service in the fall. The modern television remake of the classic 1996 revenge comedy starring Goldie Hawn, Bette Midler and Diane Keaton now stars an all-star African American cast including Jill Scott (“Why Did I Get Married”), Ryan Michelle Bathe (“This is Us,” “Empire”) and Michelle Buteau (“Isn’t It Romantic”). “First Wives Club” kicks off BET+‘s slate of exclusive original programming that includes the premiere of a new series from blockbuster hit-maker Will Packer (“Ride Along,” “Think Like a Man”) and new original series from Tyler Perry and more.

The service will also feature a deep library of beloved series, films, and documentaries from BET Networks and the Viacom portfolio — including “Real Husbands of Hollywood,” “The New Edition Story,” “The Quad,” “College Hill,” “Comic View,” “Hell Date,” and more — most of which have not previously been available on streaming platforms.

BET+ will be available at launch on Android devices such as Samsung Galaxy, iOS devices such as the Apple iPad and iPhone, as well as other streaming devices.

BET’s new and current-window programming will continue to be available on BET’s linear network, including the newly-announced Tyler Perry original drama, “The Oval,” which will debut on BET as the first series under Perry’s multi-year content partnership with the network. With over 75 hours of new original content slated to premiere on BET over the next year, Perry’s line-up will also include another drama series, two comedy series, and a live holiday-themed production. BET fans will have additional access points to BET content on BET.com and the BET Now app for TV Everywhere users.

In addition, BET’s recently launched channel on Pluto TV, the leading free streaming television service in the U.S., will continue to feature hundreds of hours of classic films and box office hits from the best of black Hollywood.

For more information on BET+ visit bet.com/betplus.

ABOUT BET NETWORKS
BET Networks, a subsidiary of Viacom Inc. (NASDAQ: VIA, VIA.B), is the nation’s leading provider of quality entertainment, music, news and public affairs television programming for the African-American audience. The primary BET channel is in nearly 85 million households and can be seen in the United States, Canada, the Caribbean, the United Kingdom, sub-Saharan Africa and France. BET is the dominant African-American consumer brand with a diverse group of business extensions including BET.com, a leading Internet destination for Black entertainment, music, culture, and news; BET HER (formerly CENTRIC), a 24-hour entertainment network targeting the African-American woman; BET Music Networks – BET Jams, BET Soul and BET Gospel; BET Home Entertainment; BET Live, BET’s growing festival business; BET Mobile, which provides ringtones, games and video content for wireless devices; and BET International, which operates BET Networks around the globe.

ABOUT TYLER PERRY STUDIOS
Tyler Perry Studios is a state-of-the art film and television production facility founded in 2006 by actor, producer, filmmaker, playwright and philanthropist Tyler Perry. Located in Atlanta, Georgia on the historic grounds of the former Fort McPherson army base, the new 330-acre campus is one of the largest production studios in the country. It boasts a variety of shooting locations including 40 buildings on the national register of historic places, 11 purpose-built sound stages, 200 acres of green space and an expansive backlot.

ABOUT VIACOM
Viacom creates entertainment experiences that drive conversation and culture around the world. Through television, film, digital media, live events, merchandise and solutions, our brands connect with diverse, young and young at heart audiences in more than 180 countries.

Eldorado To Combine With Caesars Creating The Largest Owner And Operator Of U.S. Gaming Assets

RENO, Nev. & LAS VEGAS– Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) and Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars”) announced that they have entered into a definitive merger agreement to create the largest U.S. gaming company. The proposed transaction will combine two leading gaming companies with complementary national operating platforms, strong brands, strategic industry alliances, and a collective commitment to enhancing guest service and shareholder value. The combined company will provide its guests with access to approximately 60 domestic casino–resorts and gaming facilities across 16 states. The transaction is transformational for each company’s shareholders, employees and customers, combining Eldorado’s operational expertise with Caesars industry-leading loyalty program, regional network and Las Vegas assets.

Summary of Caesars Transaction
Eldorado will acquire all of the outstanding shares of Caesars for a total value of $12.75 per share, consisting of $8.40 per share in cash consideration and 0.0899 shares of Eldorado common stock for each Caesars share of common stock based on Eldorado’s 30-calendar day volume weighted average price per share as of May 23, 2019, reflecting total consideration of approximately $17.3 billion, comprised of $7.2 billion in cash, approximately 77 million Eldorado common shares and the assumption of Caesars outstanding net debt (excluding face value of the existing convertible note). Caesars shareholders will be offered a consideration election mechanism that is subject to proration pursuant to the definitive merger agreement. Giving effect to the transaction, Eldorado and Caesars shareholders will hold approximately 51% and 49% of the combined company’s outstanding shares, respectively.

Upon completion of the transaction the combined company will retain the Caesars name to capitalize on the value of the iconic global brand and its legacy of leadership in the global gaming industry. The new company will continue to trade on the Nasdaq Global Select Market.

Strategic Rationale of Caesars Combination
Largest and Most Diversified Domestic Footprint and Scale: Unrivaled domestic footprint of approximately 60 owned, operated and managed casino–resorts across 16 states, creating nation’s preeminent diversified gaming and entertainment company

Best-in-Class Leadership: Eldorado’s proven decentralized operating model combined with its history of completing successful, value-building transactions through effective financial management to drive improved margins and create value for both shareholders and guests

Iconic Brands and New Gaming Opportunities Will Enhance Customer Experience: Combines iconic global brands and industry-leading Caesars Rewards loyalty program with proven guest service focus to drive value across the expanded regional network, including access to attractive properties in Las Vegas and other gaming markets around the country
Completion of Las Vegas Strip Room Remodels in 2021: Caesars Las Vegas asset portfolio has recently undergone $1.2 billion of enhancements and room remodels that positions the portfolio for improved operating performance in the near-term

Significant Identified Synergies: Eldorado management has a demonstrated track record of successfully integrating acquired companies and achieving stated synergy targets and expects to achieve approximately $500 million of synergies in the first year following closing. Additionally, Eldorado sees long-term cost and revenue synergy upside opportunities
Summary of $3.2 Billion Strategic Transaction with VICI

VICI Properties, Inc. (NYSE: VICI) (“VICI”) and Eldorado have entered into a master transaction agreement in connection with the acquisition of the real estate of three assets and amendment of existing leases and right of first refusals. Furthermore, in connection with the transaction, the parties have agreed to the following:

VICI will acquire the real estate associated with Harrah’s Resort Atlantic City, Harrah’s Laughlin Hotel & Casino, and Harrah’s New Orleans Hotel & Casino for approximately $1.8 billion. The properties will be added to an existing master lease and will have an initial annual rent of approximately $154 million. The proceeds from this transaction represent a rent multiple of 11.75x;
An amendment to the terms of the existing CPLV and HLV single asset leases, following closing of the transaction, which will result in a combination of these existing leases into a new Las Vegas master lease and an increase in the annual rent payment on the Las Vegas master lease of $98.5 million, resulting in proceeds of approximately $1.4 billion. The proceeds represent a rent multiple of 14.25x;
A put/call option on Caesars Centaur assets at a 12.5x put rent multiple / 13.0x call rent multiple, exercisable between January 2022 and December 2024; and,
VICI granted right of first refusals for whole asset sale or sale-leaseback transactions on two Las Vegas Strip properties and Horseshoe Casino Baltimore
Optimized Lease Structure and Balance Sheet

Win-Win Transaction with VICI: Strategic transaction with VICI encompassing amendments to existing leases and acquisition of the real estate of three properties generates $3.2 billion of gross proceeds to immediately strengthen the combined company’s balance sheet, while providing growth for VICI
Attractive Financial Profile: Materially enhanced financial scale and flexibility with additional growth and stability driven by the world’s largest gaming customer database
Commitment to a Strong Balance Sheet: Transaction expected to be immediately accretive to free cash flow with significant cash flows from the combined company to be allocated to leverage reduction

Tom Reeg, Chief Executive Officer of Eldorado, commented, “Eldorado’s combination with Caesars will create the largest owner and operator of U.S. gaming assets and is a strategically, financially and operationally compelling opportunity that brings immediate and long-term value to stakeholders of both companies. Together, we will have an extremely powerful suite of iconic gaming and entertainment brands, as well as valuable strategic alliances with industry leaders in sports betting and online gaming. The combined entity will serve customers in essentially every major U.S. gaming market and will marry best-of-breed practices from both entities to ensure high levels of customer satisfaction and significant shareholder returns.

“As with our past transactions, we have a detailed plan for significant synergy realization. Relative to our prior acquisitions, the combination with Caesars presents attractive incremental revenue synergy opportunities as we plan to strengthen Caesars Rewards, the industry’s leading player loyalty and CMS database, and combine it with Eldorado’s to market to over 65 million rewards customers nationally. Additionally, the transaction bears benefits beyond the strategic merits of the combination with Caesars in isolation. Our agreement with VICI favorably positions both platforms by enhancing the value of our combined company’s assets and further solidifies the growth profile of VICI.

“Eldorado’s history of completing successful, value-enhancing transactions has focused on prioritizing operating discipline with the goal of delivering best-in-class gaming and entertainment experiences and amenities to customers, unlocking the long-term value of acquired companies and assets through effective financial management, and completing return-focused investments in our properties that elevate the guest experience as well as our competitive position and overall returns. We intend to allocate the significant free cash flow from the combined company to reduce leverage while investing to improve the customer experience across the platform. We could not be more excited about the future as we bring together two industry leaders that will generate significant opportunities for our employees, customers, partners and shareholders.”

Jim Hunt, Chairman of Caesars, said, “This announcement is the culmination of a thorough evaluation by the Caesars Board of Directors. The Board unanimously concluded that the combination of these two companies creating an even stronger entity is a decision for our shareholders’ consideration and vote for immediate and ongoing value.”

Tony Rodio, Chief Executive Officer of Caesars, added, “We believe this combination will build on the accomplishments and best-in-class operating practices of both companies. I’m familiar with Eldorado and its management team, having worked with them on a previous transaction, and I look forward to collaborating with them to bring our companies together. We are excited to integrate Caesars Rewards with the combined portfolio. The incorporation of Caesars Rewards has produced strong results at the recently acquired Centaur properties. By joining forces, we believe the new Caesars will be well-positioned to compete in our dynamic industry.”

Ed Pitoniak, Chief Executive Officer of VICI, said, “VICI is honored and excited to be integrally involved with Eldorado in this transformative transaction. As a REIT, we seek to partner with operators who have the most powerful, valuable and enduring relationships with the end users of our real estate. Under Tom Reeg’s leadership and front-line focus, the combination of Eldorado and Caesars will yield the most compelling guest experiences and network effect in American gaming.”

Governance and Timing
The combined company’s Board of Directors will consist of 11 members, six of whom will come from Eldorado’s Board of Directors and five of whom will come from Caesars Board of Directors
The transactions have been unanimously approved by the Boards of Directors of Eldorado, Caesars and VICI. The Caesars transaction is subject to approval of the stockholders of Eldorado and Caesars, the approval of applicable gaming authorities, the expiration of the applicable Hart-Scott-Rodino waiting period and other customary closing conditions, and is expected to be consummated in the first half of 2020
Advisors

J.P. Morgan, Credit Suisse and Macquarie Capital are serving as financial advisors to Eldorado. Milbank LLP and Latham & Watkins LLP are serving as Eldorado’s legal counsel. PJT Partners LP is serving as financial advisor to Caesars. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Caesars legal counsel.

About Eldorado
Eldorado is a leading casino entertainment company that owns and operates twenty-six properties in twelve states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio. In aggregate, Eldorado’s properties feature approximately 23,000 slot machines and VLTs and approximately 650 table games, and over 12,000 hotel rooms. For more information, please visit www.eldoradoresorts.com.

About Caesars
Caesars is the world’s most geographically diversified casino-entertainment company. Since its beginning in Reno, Nevada, in 1937, Caesars has grown through development of new resorts, expansions and acquisitions, and now operates casinos on three continents. The company’s resorts operate primarily under the Harrah’s®, Caesars® and Horseshoe® brand names. Caesars also owns the London Clubs International family of casinos. Caesars currently owns and operates 34 casinos and resorts in Kentucky, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada and New Jersey. Domestically, Caesars properties feature approximately 48,000 slot machines and VLTs and approximately 3,000 table games, and over 39,000 hotel rooms. The company is based in Las Vegas, Nevada. To learn more about Caesars, please visit www.caesars.com.

BET Networks and Tyler Perry Studios to Launch BET+

BET Networks, a unit of Viacom Media Networks (NASDAQ: VIAB, VIA), and Tyler Perry Studios today unveiled a new joint venture to launch BET+, a premier subscription video-on-demand service focused on the African American audience. Available to consumers this fall, BET+ will feature more than 1,000 hours of premium content including exclusive new original programming and fan-favorite series, movies, and specials from BET Networks, world-renowned creator Tyler Perry, and a host of leading African American content creators.

BET+, the new online streaming service, will launch with more than 1,000 hours of premium content including beloved hit movies and TV shows, new exclusive originals, and recent seasons of current shows from top black creators and talent.

“African Americans are the leading consumers of streaming services, with higher SVOD adoption rates than other consumers, which is why we’re so excited to launch a premium product for this underserved audience. BET+ is a natural extension of BET’s linear network, which has been the leading home of black culture for decades. Our curated catalog and original programming will keep the BET+ content offering fresh, fueling subscriber growth, viewership and retention,” said Scott Mills, President of BET Networks. “Tyler Perry is the perfect partner for BET+. The combination of new, original shows and his giant library of popular movies, series and stage plays that Tyler brings to our joint venture creates an amazing product for his large and passionate fan base.”

BET+ will offer consumers a comprehensive collection of premier African American-focused dramas, sitcoms, films and specials in the streaming universe. Itwill be the official home of Tyler Perry’s collected works across film, television and the stage. The service will feature Tyler Perry’s box office-topping theatrical films, including films from the “Madea” series; original series “House of Payne” and “Meet the Browns” and a selection of Perry’s stage plays.

In addition, the first BET+ original — “First Wives Club,” a new 10 episode scripted drama from acclaimed “Girls Trip” screenwriter Tracy Oliver — will debut on the service in the fall. The modern television remake of the classic 1996 revenge comedy starring Goldie Hawn, Bette Midler and Diane Keaton now stars an all-star African American cast including Jill Scott (“Why Did I Get Married”), Ryan Michelle Bathe(“This is Us,” “Empire”) and Michelle Buteau (“Isn’t It Romantic”). “First Wives Club” kicks off BET+’s slate of exclusive original programming that includes the premiere of a new series from blockbuster hit-maker Will Packer(“Ride Along,” “Think Like a Man”) and new original series from Tyler Perry and more.

BET+ will be available at launch on Android devices such as Samsung Galaxy, iOS devices such as the Apple iPad and iPhone, as well as other streaming devices.

For more information on BET+ visit bet.com/betplus.

2019 “BET Awards” To Recognize Entertainment Mogul Tyler Perry With The Ultimate Icon Award For His Cultural Impact

NEW YORK, — Today BET Networks announces Tyler Perry will be honored with the Ultimate Icon Award at the 19th annual “BET Awards.” The entertainment powerhouse and business mogul will be presented with the Ultimate Icon Award for his continued cultural impact in entertainment. The 2019 “BET Awards” will air LIVE on Sunday, June 23 at 8pm ET from the Microsoft Theater in Los Angeles, CA on BET.

Tyler Perry, the now world-renowned producer, director, actor, screenwriter, playwright, and author, built his entertainment empire up from meager beginnings. Inspired by a simple piece of advice from Oprah Winfrey, Perry began his career by simply putting his thoughts and life experiences to paper, creating the foundation of his acclaimed catalog of plays, films, television series, and award-winning novels. Taking his iconic character Madea from stage to screen, Perry introduced the world to a “God-fearing, gun-toting, loud-mouthed grandmother,” in 2005’s “Diary of a Mad Black Woman.” He’s since gone on to create numerous successful feature films and scripted series like “House of Payne” and “The Haves and The Have Nots” that bring messages of spiritual hope and down-home humor into homes across the country.

In the Fall of 2006, Perry opened a 200,000 square foot studio in Atlanta which during its operation, was home to over 15 films and 800 episodes of Perry’s five television series. In 2015, Tyler Perry expanded and opened a state-of-the-art film and television studio on the historic grounds of the former Fort McPherson army base. The new 330-acre campus is one of the largest production studios in the country boasting 40 buildings on the national register of historic places, 11 purpose-build sound stages, 200 acres of green space and an expansive backlot. His unique brand of inspirational entertainment has authentically spoken to and impacted black culture and helped shape the future of black entertainment.

As previously announced, the first group of performers for the 19th annual “BET Awards” include Cardi B, DJ Khaled, Migos, H.E.R., Lil Nas X, Billy Ray Cyrus, Lizzo, Mustard, Lil Baby, Yung Miami of City Girls, Lucky Daye and Kiana Ledé. Additionally, Taraji P. Henson, Lena Waithe, Morris Chestnut, Yara Shahidi, and Marsai Martin were also announced as presenters.

The “BET AWARDS” 2019 will simulcast LIVE at 8pm ET across seven Viacom networks in the U.S. including BET, BET HER, MTV, MTV 2, MTV Classic, VH1, and Logo. Internationally, the show will simulcast for the first time on BET Africa at 2 am CAT on June 24th, followed by international broadcasts in the UK on June 24th at 9pm BST, South Korea on June 25th at 9 pm KST and in France on June 25th at 9pm CEST. Internationally, BET will honor Best International Act in-show, along with the fan-voted category Best New International Act and BET International Global Good Award during the live red carpet pre-show.

Connie Orlando, Executive Vice-President, Head of Programming at BET will serve as Executive Producer for the “BET Awards” 2019 along with Jesse Collins, CEO of Jesse Collins Entertainment.
BET.com/betawards is the official site for the “BET Awards” and will have all the latest news and updates about this year’s show.
Follow us @BET_PR AND @BETAWARDS

ABOUT BET NETWORKS
BET Networks, a subsidiary of Viacom Inc. (NASDAQ: VIA, VIA.B), is the nation’s leading provider of quality entertainment, music, news, and public affairs television programming for the African-American audience. The primary BET channel reaches more than 90 million households and can be seen in the United States, Canada, the Caribbean, the United Kingdom, and sub-Saharan Africa. BET is the dominant African-American consumer brand with a diverse group of business extensions: BET.com, a leading Internet destination for Black entertainment, music, culture and news; BET HER, a 24-hour entertainment network targeting the African-American woman; BET Music Networks – BET Jams, BET Soul and BET Gospel; BET Home Entertainment; BET Live, BET’s growing festival business; BET Mobile, which provides ringtones, games and video content for wireless devices; and BET International, which operates BET around the globe.

ABOUT “BET AWARDS”
The “BET Awards” is one of the most watched awards shows on cable television according to the Nielsen Company. The “BET Awards” franchise remains as the #1 program in cable TV history among African-Americans, and it is BET’s #1 telecast every year. It recognizes the triumphs and successes of artists, entertainers, and athletes in a variety of categories.

ABOUT JESSE COLLINS ENTERTAINMENT
Jesse Collins Entertainment (JCE) is a full-service television and film production company founded by entertainment industry veteran Jesse Collins. For more than a decade, Collins has played an integral role in producing some of television’s most memorable moments in music entertainment. Collins has produced groundbreaking and award-winning television programming, including “BET Awards,” “Grammy Awards,” “Soul Train Music Awards,” “BET Honors,” “UNCF An Evening of Stars,” “ABFF Awards” and “BET Hip Hop Awards.” Collins was an executive producer of the hit TV series “Real Husbands of Hollywood,” starring Kevin Hart, and the critically acclaimed “The New Edition Story,” a biopic on the boy band that aired as a three-part miniseries on BET in January 2017. He is also the executive producer of VH1 shows “Dear Mama” and “Hip Hop Squares” with Ice Cube. Most recently, JCE executive-produced “The Bobby Brown Story.” The miniseries picked up where “The New Edition Story” miniseries left off and chronicled the talented but troubled singer’s exit from the popular 80s boy band through his solo success. It debuted on BET in September 2018 and was the highest-rated non-tentpole program on the network since “The New Edition Story.” Next for JCE is the second season of “American Soul” on BET and Netflix’s upcoming series “Rhythm and Flow.”

Actress And Comedian Regina Hall To Host 2019 “BET Awards”

NEW YORK, BET Networks, a unit of Viacom Inc. (NASDAQ: VIA, VIA.B and NYSE: VIA, VIA.B), today announced actress and comedian Regina Hall as the 2019 “BET Awards” host. Nominated in this year’s “Best Actress” category, Regina takes the stage to host for the first time, joining the ranks of A-list entertainers who’ve hosted in years past, including Jamie Foxx, Leslie Jones, Anthony Anderson and Tracee Ellis Ross, Chris Rock and Mo’Nique. This year’s broadcast celebrates 19 years of creating unforgettable moments, showcasing the present and future of black entertainment while honoring the unsung heroes and icons of the past. The “BET Awards” continues to reign as the ultimate platform showcasing the best and most beautiful aspects of the black experience, highlighting culture and serving as a driving force for social change. The 2019 “BET Awards” will air LIVE on Sunday, June 23 at 8 pm ET from the Microsoft Theater in Los Angeles, CA on BET.

Regina Hall is one of entertainment’s top leading actresses and a renowned comedian. She is best known for her leading roles in “Girls Trip” and the internationally recognized “Scary Movie” film series. Hall recently broke records when she was named the first African-American woman to win “Best Actress” by the New York Film Critics Circle for her role in “Support the Girls.” Most recently Hall executive produced “Little” for Universal and can currently be seen in Showtime’s “Black Monday”. Up next, Hall will be seen in the Warner Bros. film SHAFT opposite Samuel L. Jackson, Jessie T. Usher and Alexandra Shipp. The film is set to release June 14th, 2019.

As previously announced, Cardi B dominates this year’s nominations with a total of seven, including Best Female Hip-Hop Artist, two separate nods in both the Best Collaboration and Video of the Year categories, Album of the Year and the Coca-Cola Viewers’ Choice Award. Drake follows with five nods for Best Male Hip-Hop Artist, Video of the Year, Best Collaboration and the Coca-Cola Viewers’ Choice Award. Other leading nominees include Beyoncé, Travis Scott and J. Cole who received four nominations each, with Bruno Mars, 21 Savage, Childish Gambino, H.E.R. and Ella Mai each scoring three nominations.

BET Networks recognizes artists, entertainers, and athletes across 20 categories with the 2019 “BET Awards” nominations. The nominations are selected by BET’sVoting Academy, which is comprised of fans and an esteemed group of entertainment professionals in the fields of television, film, music, social media, digital marketing, sports journalism, public relations, and the creative arts.

The 2019 “BET AWARDS” will simulcast LIVE at 8pm ET across seven Viacom networks in the U.S. including BET, BET HER, MTV, MTV 2, MTV Classic, VH1, and Logo. Internationally, the show will simulcast for the first-time on BET Africa at 2am CAT on June 24th, followed by international broadcasts in the UK on June 24th at 9:00pm BST, South Korea on June 25th at 9pm KST and in France on June 25th at 9pm CEST.

Internationally, BET will honor Best International Act in-show, along with the fan-voted category Best New International Act during the live red carpet pre-show.

Connie Orlando, Executive Vice-President, Head of Programming at BET will serve as Executive Producer for the 2019 “BET Awards” along with Jesse Collins, CEO of Jesse Collins Entertainment.
BET Networks, an entertainment powerhouse, once again brings the BET EXPERIENCE AT L.A. LIVE (BETX), June 20 – 23, 2019 presented by Coca-Cola®. This four-day event will be filled with music concerts taking place at The Novo by Microsoft and STAPLES Center; the BET Fan Fest at the Los Angeles Convention Center including seminars, celebrity basketball games, celebrity meet & greets; and other special interactive events. The weekend will be capped off with the “BET Awards” on Sunday, June 23, 2019 at Microsoft Theater. VIP Packages are the ONLY way to get BET Awards tickets, great seats to STAPLES Center shows, and exclusive access throughout the biggest summer weekend in entertainment. More information and tickets and VIP packages available at Bet.com/bet-experience.html.

ABOUT BET NETWORKS
BET Networks, a subsidiary of Viacom Inc. (NASDAQ: VIA, VIA.B), is the nation’s leading provider of quality entertainment, music, news and public affairs television programming for the African-American audience. The primary BET channel reaches more than 90 million households and can be seen in the United States, Canada, the Caribbean, the United Kingdom and sub-Saharan Africa. BET is the dominant African-American consumer brand with a diverse group of business extensions: BET.com, a leading Internet destination for black entertainment, music, culture and news; BET HER, a 24-hour entertainment network targeting the African-American woman; BET Music Networks – BET Jams, BET Soul and BET Gospel; BET Home Entertainment; BET Live, BET’s growing festival business; BET Mobile, which provides ringtones, games and video content for wireless devices; and BET International, which operates BET around the globe.

ABOUT JESSE COLLINS ENTERTAINMENT
Jesse Collins Entertainment (JCE) is a full-service television and film production company founded by entertainment industry veteran Jesse Collins. For more than a decade, Collins has played an integral role in producing some of television’s most memorable moments in music entertainment. Collins has produced groundbreaking and award-winning television programming, including “BET Awards,” “Grammy Awards,” “Soul Train Music Awards,” “BET Honors,” “UNCF An Evening of Stars,” “ABFF Awards” and “BET Hip Hop Awards.” Collins was an executive producer of the hit TV series “Real Husbands of Hollywood,” starring Kevin Hart, and the critically acclaimed “The New Edition Story,” a biopic on the boy band that aired as a three-part mini-series on BET in January 2017. He is also the executive producer of VH1 shows “Dear Mama” and “Hip Hop Squares” with Ice Cube. Most recently, JCE executive produced “The Bobby Brown Story.” The mini-series picked up where “The New Edition Story” mini-series left off and chronicled the talented but troubled singer’s exit from the popular 80s boy band through his solo success. It debuted on BET in September 2018 and was the highest rated non-tentpole program on the network since “The New Edition Story.” Next for JCE is the second season of “American Soul” on BET and Netflix’s upcoming series “Rhythm and Flow.”

ABOUT “BET AWARDS”
The “BET Awards” is one of the most-watched award shows on cable television, according to the Nielsen Company. The “BET Awards” franchise remains the #1 program in cable TV history among African-Americans, and it is BET’s #1 telecast every year. It recognizes the triumphs and successes of artists, entertainers and athletes in a variety of categories.

BMW i official partner of Coachella Valley Music and Arts Festival 2019

Munich. BMW i is once again one of the official partners of the Coachella Valley Music and Arts Festival in 2019. For the last two years, BMW i has been building up to the festival on social media with #roadtocoachella and is also showcasing a unique Coachella design for its BMW i models. The striking look featuring flames and the image of a wolf is inspired by the current album cover of global superstar Khalid.

“The variety of live concerts at Coachella Festival is a great playground for creativity. At Coachella, the internationally most famous stars of the industry meet the most enthusiastic audience. Innovation and inspiration are the values that BMW i shares with the iconic festival, making it an ideal partner. We look forward to working with the festival and Khalid, one of the most exciting artists of contemporary soul music and a passionate BMW driver“, says Stefan Ponikva, Head of BMW Brand Experience Shows & Events.

Khalid is one of the most popular artists of his generation. It is therefore no surprise that Khalid is one of the headline acts at the upcoming Coachella festival. He inspired the festival fleet of vehicles for BMW i based on the cover of his new album ‘Free Spirit’. The Road to Coachella embodies the Free Spirit mentality of a fun road trip with friends to one of the greatest music festivals.

‘I love road-tripping, hopping in my car and driving back home to El Paso is 12 hours each way from LA. To me, BMW, especially BMW i8, is the embodiment of freedom on the road. I really feel like a free spirit when I’m driving and listening to music. I love making music that you can crank up and drive to with the windows down’, says Khalid.

Some of the best-known international names will travel to the venue with BMW i a day before the festival begins to experience the design of the BMW i Coachella fleet for themselves and to explore Palm Springs. Follow the hashtag #roadtocoachella to virtually join Paris Hilton, Lena Gercke, Laura Marano and other influencers.

In addition to the actual festival programme, there is also something special in store for fans of Khalid. Together with BMW i, the singer will open a ‘Pit Stop’, where exclusive merchandise will be available for purchase. BMW of Palm Springs (3737 E Palm Canyon Dr, Palm Springs, CA 92264 USA) will be transformed into a must see fan experience away from the festival site with music, a food truck and other lifestyle initiatives. Khalid will announce the exact opening times himself on social media.

The creative design interpretation of BMW i electric vehicles reflects the special, diverse spirit of the festival. Coachella is once again taking place at the Empire Polo Club in Indio, California. BMW i is supporting the event over the entire period from 12 to 21 April 2019. Almost 200 acts will thrill thousands of international visitors over the two weekends.

Nickelodeon Bolsters Noggin Through Acquisition of Sparkler, an Early Childhood Learning Platform

NEW YORK–Mar. 29, 2019– In a move that further expands the educational value of Nickelodeon’s Noggin, the network has acquired Sparkler, an early childhood learning technology platform, and has installed its co-founder Kristen Kane as the new leader for the direct-to-consumer preschool subscription service. Noggin is Nickelodeon’s ad-free, video subscription service with educational content currently featuring over 1,500 iconic, full-length library episodes, short-form videos, Spanish-language videos, and music videos featuring preschoolers’ favorite characters and more.

Sparkler is an early learning platform that measures child development and delivers personalized content and coaching to parents to improve child outcomes. Over the next year, Sparkler’s technology will be integrated into Noggin’s platform, enabling parents to guide and support their kids’ continued growth and development through engaging, playable content and experiences on and off screen, with personalized features that track progress over time.

Kane, in the new role of Noggin’s Executive Vice President, will oversee the integration of Sparkler and drive Noggin’s strategy and next phase of development as an educational digital platform. She will be based in New York and report to Nickelodeon President Brian Robbins.

Said Robbins: “Pairing Sparkler’s capabilities with our curriculum-driven content will fully transform Noggin into a premier interactive learning destination for preschoolers and their families. Kristen brings extensive experience in the education and technology space, and she will help drive Noggin’s growth with an increased focus on delivering even greater value to our direct-to-consumer service.”

Subject to the terms of the transaction, Sparkler’s work with schools, healthcare providers, and social services providers will continue through a new non-profit organization called Sparkler Learning, and Viacom will support its mission of helping families give their children a strong start in life through partnerships with educators, doctors, and others serving young families.
Previously, Kane was the founding COO of Amplify, an education technology company dedicated to collaborating with educators to create learning experiences for students K-12. Prior to that, she was COO of the New York City Department of Education in the Bloomberg administration, responsible for the implementation of reforms and oversight of daily operations. Kane also served at the Federal Communications Commission, where she led the development of strategies for applying broadband technologies in the education, healthcare, and energy sectors.

Noggin subscriptions have grown by triple digits year over year from 2017 to 2018, and the service is currently available for iPad, iPhone, Apple TV, Android, Fire tablet and Roku devices, as well as on Amazon’s Prime Video Channels and The Roku Channel. With over 30 series to date, including current titles like PAW Patrol, Blaze and the Monster Machines, Peppa Pig, and Bubble Guppies, Noggin’s lineup also features classic favorites such as Dora the Explorer, Blue’s Clues, Team Umizoomi and Yo Gabba Gabba!

Since its launch in 2015, Noggin has consistently ranked at the top of the charts in the Family and Kids categories, and it is one of the Top 10 Kids Apps on the Free Apps chart on the App Store, in addition to being the number-one grossing app for Music and Video in the Family Category on Google Play. Noggin was also selected by Apple as an Apple TV app of the year.

Nickelodeon, now in its 39th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, digital, recreation, books and feature films. Nickelodeon’s U.S. television network is seen in more than 90 million households and has been the number-one-rated kids’ basic cable network for 22 consecutive years. For more information or artwork, visit http://www.nickpress.com. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. (NASDAQ: VIA, VIAB).

Apple Unveils Apple TV+, The New Home For The World’s Most Creative Storytellers

Cupertino, California — Apple today announced Apple TV+, the new home for the world’s most creative storytellers featuring exclusive original shows, movies and documentaries, coming this fall. Apple TV+, Apple’s original video subscription service, will feature a brand new slate of programming from the world’s most celebrated creative artists, including Oprah Winfrey, Steven Spielberg, Jennifer Aniston, Reese Witherspoon, Octavia Spencer, J.J. Abrams, Jason Momoa, M. Night Shyamalan, Jon M. Chu and more. On the Apple TV app, subscribers will enjoy inspiring and authentic stories with emotional depth and compelling characters from all walks of life, ad-free and on demand.

“We’re honored that the absolute best lineup of storytellers in the world — both in front of and behind the camera — are coming to Apple TV+,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “We’re thrilled to give viewers a sneak peek of Apple TV+ and cannot wait for them to tune in starting this fall. Apple TV+ will be home to some of the highest quality original storytelling that TV and movie lovers have seen yet.”

Additionally, Apple debuted the all-new Apple TV app and Apple TV channels coming in May 2019. The all-new Apple TV app brings together the different ways to discover and watch shows, movies, sports, news and more in one app across iPhone, iPad, Apple TV, Mac, smart TVs and streaming devices. Users can subscribe to and watch new Apple TV channels — paying for only services they want, like HBO, SHOWTIME and Starz — all on demand, available on and offline, with incredible picture quality and sound; enjoy sports, news and network TV from cable and satellite providers as well as purchase or rent iTunes movies and TV shows all within the new, personalized Apple TV app.

Beginning in May, customers can subscribe to Apple TV channels à la carte and watch them in the Apple TV app, with no additional apps, accounts or passwords required. Apple TV channels include popular services such as HBO, Starz, SHOWTIME, CBS All Access, Smithsonian Channel, EPIX, Tastemade, Noggin and new services like MTV Hits, with more to be added over time around the world.

The new Apple TV app personalizes what viewers love to watch across their existing apps and services while developing a secure and comprehensive understanding of users’ viewing interests. The app will offer suggestions for shows and movies from over 150 streaming apps, including Amazon Prime and Hulu, as well as pay-TV services such as Canal+, Charter Spectrum, DIRECTV NOW and PlayStation Vue. Optimum and Suddenlink from Altice will be added later this year.1

Additionally, the Apple TV app will become the new home to the hundreds of thousands of movies and TV shows currently available for purchase or rent in the iTunes Store.

Availability
Pricing and availability for the Apple TV+ video subscription service will be announced later this fall.
The all-new Apple TV app is coming to iPhone, iPad and Apple TV customers in over 100 countries with a free software update this May, and to Mac this fall.
Through Family Sharing, users can share Apple TV+ and subscriptions to Apple TV channels.
The Apple TV app will be available on Samsung smart TVs beginning this spring and on Amazon Fire TV, LG, Roku, Sony and VIZIO platforms in the future.
Later this year, customers with eligible VIZIO, Samsung, LG and Sony smart TVs will be able to effortlessly play videos and other content from their iPhone or iPad directly to their smart TVs with AirPlay 2 support.

Viacom Releases Statement On AT&T-DirecTV

Viacom released the following statement on AT&T-DirecTV today. For more news and information, please visit www.keepviacom.com.

“Viacom is the No. 1 cable family serving key customers and communities on AT&T-DirecTV’s services across kids, teens, 18-49, African Americans and Hispanics. We have made a series of offers that are good for consumers and good for AT&T – giving subscribers more access to the Viacom channels they love, including Nickelodeon, BET, MTV, Comedy Central and Paramount, while enabling AT&T-DirecTV to lower customers’ bills in the process.

Unfortunately, AT&T is abusing its new market position by favoring its own content – which significantly underperforms Viacom’s – to stifle competition. AT&T-DirecTV’s behavior is also consistent with a recent pattern of gouging their customers by charging them higher prices for an inferior product with fewer channels. Especially troubling, AT&T-DirecTV is marginalizing diverse audiences in its new DTV packages and threatening to do the same with their existing products.

Viacom is committed to developing strong relationships with our distribution partners. We have successfully renewed a series of distribution relationships representing more than half our subscriber base over the last two years and have not had a disruption in our service since 2014. While we continue to make every effort to reach a new carriage agreement, AT&T’s unwillingness to engage in constructive conversations unfortunately could force a disruption in service.”

Comedy Central and Superfly Bring Comedy Central Presents Clusterfest Back to San Francisco with Its Most Diverse Lineup to Date

SAN FRANCISCO– Comedy Central, the #1 brand in comedy, Superfly, the founders behind Bonnaroo, and Outside Lands co-producer Another Planet Entertainment, announced today the initial lineup for the return of Comedy Central Presents Clusterfest, a three-day comedy and music festival now in its third year. Clusterfest will feature its most diverse lineup to date with top-tier talent, more emerging comics, music and musical comedy, podcasts and live reads. Must-see performances include John Mulaney, Patton Oswalt, Issa Rae, Ilana Glazer, The Roots, Lovett or Leave It and My Favorite Murder, one of the most successful podcasts in the country. From Friday, June 21 to Sunday, June 23, Clusterfest will take place in the heart of San Francisco at Civic Center Plaza and Bill Graham Civic Auditorium. Loyalty pre-sale tickets will be available to returning Clusterfest patrons Friday, March 8 at 10 a.m. PT. General admission three-day and VIP on-sale starts Monday, March 11 at 10 a.m. PT. All tickets are available exclusively at www.clusterfest.com.

Clusterfest is the place to see some of the biggest names in comedy, rising stars that are soon to be household names, and exclusive “first and only” fan experiences like live podcast recordings, immersive attractions from television’s most beloved comedy shows, and live reads like Romy & Michele’s High School Reunion: with drag queens Trixie Mattel, Katya, and Peaches Christ. As with previous years, fans can expect jaw-dropping surprises to be unveiled leading up to and at the three-day festival, including additional headliners and performances.
“We’re excited to share today’s lineup that reflects the diversity of comedy across stand up, podcasts and live reads, paired with musical performances,” said Jonas Larsen, Executive Vice President, Talent and Development for Comedy Central. “Clusterfest continues to deliver a one of a kind festival experience you can’t find anywhere else.”

“Clusterfest is about presenting the breadth of comedy and music in a way that easily lends itself to discovering something new and entertaining, and this year’s stacked lineup does just that,” said Chris Sampson, EVP of Programming, Superfly. “We’re beyond excited to return this year with more top-tier and emerging talent and can’t wait to unveil even more leading up to the festival weekend.”

Once again, Clusterfest has partnered with several local nonprofits, including America Scores, Boys & Girls Clubs of San Francisco (Tenderloin Clubhouse) and United Playaz. A portion of all festival ticket sales will be donated to each organization to help support their causes in the San Francisco community.

Clusterfest has also teamed up with the renowned SF Sketchfest as a programming partner for a select number of comedic performances.

Three-day general admission, VIP and Platinum tickets will be available Monday, March 11 at 10 a.m. PT exclusively via www.clusterfest.com. Three-day general admission starts at $219.50, VIP starts at $584.50 and Platinum, which is new for 2019, is $1,250. Single day tickets will be available Friday, March 15 at 10 a.m. PT. Single day admission starts at $89 and single day VIP starts at $224.50. Clusterfest is also offering a layaway payment plan for all ticket types that allows fans the option to purchase tickets now and pay later by splitting the purchase into multiple payments over time.

About Comedy Central
Comedy Central gives audiences access to a world of super funny, personally relatable, culturally relevant, and provocative comedy that tells the funny truths of life, every day and everywhere, wherever and whenever they want to laugh. With a global reach of more than 300 million households in over 150 countries, Comedy Central features award-winning late-night, sketch, scripted and animated series, along with stand-up specials and series Connecting with comedy fans through multiple touchpoints, Comedy Central also produces nationwide stand-up events and festivals, boasts a Grammy® Award-winning record label (Comedy Central Records), is a leading provider of comedy content for voice assistants, produces and curates a Global Podcast Network, and operates Comedy Central Radio on SiriusXM (Channel 95). In addition, Comedy Central’s category-leading branded gaming and licensing contribute to one of the most successful home entertainment divisions in the industry. For up-to-the-minute and archival press information and photographs, visit Comedy Central’s press site at press.cc.com and follow us on Twitter at @ComedyCentralPR for the latest in breaking news updates, behind-the-scenes information and photos.

About Superfly
Superfly is on a mission to shape how the world plays and connects through shared experience. Founded in 1996, Superfly’s expertise is bringing people together at the intersection of culture and commerce through iconic live experiences like Bonnaroo Music & Arts Festival, Outside Lands, Clusterfest, and Grandoozy as well as for some of the most recognized brands in the world. Superfly’s creative and strategic offering helps brands like Citi, Intel and Google establish and raise their profile and navigate the cultural marketing landscape through programming, design, digital, social and experiential platforms. Superfly is headquartered in New York, with offices in Chicago and San Francisco. Learn more at http://superf.ly/, and follow on Twitter @Superfly, Facebookwww.facebook.com/superfly and Instagram @superflypresents.

About Another Planet Entertainment
Since 2003, Another Planet Entertainment (APE) has produced and promoted thousands of events with artists as diverse as Radiohead, Neil Young, Chance the Rapper, Daft Punk, Adele, The Weeknd, Tom Petty & The Heartbreakers, Lorde, Metallica, Bruno Mars, twenty one pilots, Bruce Springsteen, Mumford & Sons, Paul McCartney and Kanye West. Named the Top Independent Promoter (U.S.) by Billboard Magazine in 2015 and 2016 and Top Promoter (Worldwide) in 2017, APE is the exclusive promoter for the Greek Theatre in Berkeley, the Fox Theater in Oakland, the historic Bill Graham Civic Auditorium in San Francisco, The Independent in San Francisco, Lake Tahoe Outdoor Arena at Harveys and operates a private events division, Another Planet Event Group. APE also produces three major annual festivals – Outside Lands (since 2008), Treasure Island Music Festival (since 2007) and Life Is Beautiful (since 2013) in Downtown Las Vegas. For more information, visit www.APEConcerts.com.

Viacom Announces Completion of Pluto TV Acquisition

NEW YORK –
Viacom Inc. (NASDAQ: VIAB, VIA) today announced that it has completed
the acquisition of Pluto TV, the leading free streaming television
service in the U.S.

The acquisition, previously
announced on January 22, 2019 for $340 million in cash, will advance
Viacom’s strategic priorities across multiple touchpoints, while
solidifying Pluto TV’s leadership in the domestic free streaming video
market and accelerating its growth globally.

“The completion of this deal marks an exciting next step in Viacom’s
evolution and a powerful opportunity for us to extend our consumer reach
and broaden our ability to add value across the industry as the media
landscape continues to segment,” said Bob Bakish, Viacom President and
CEO. “Together with Pluto TV, we look forward to becoming a stronger
partner to distributors, advertisers, content providers and audiences
around the world.”

Founded in 2013, Pluto TV streams more than 100 channels and thousands
of hours of on-demand content spanning television and movies, sports,
news, lifestyle, comedy, cartoons, gaming and trending digital series.
Today, it has more than 12 million monthly active users across devices,
including smart TVs, streaming players, mobile devices, desktops and
gaming consoles.

At the same time, Pluto TV accelerates Viacom’s advanced marketing
solutions (“AMS”) business, serving as a very significant incremental
source of targeted inventory – particularly against younger demographics
– thereby strengthening Viacom’s ability to serve advertising customers
and their associated agencies.

Viacom’s global scale, marketing capabilities, iconic brands and vast
content portfolio will help Pluto TV strengthen its offering across
important genres, solidify its leadership in the domestic free streaming
video space and accelerate its growth internationally, benefiting both
existing and forthcoming partners.

Pluto TV will operate as an independent subsidiary of Viacom, led by
President and CEO Tom Ryan.

For more information on Viacom and its businesses, visit www.viacom.com.
Keep up with Viacom news by following us on Twitter (twitter.com/viacom),
Facebook (facebook.com/viacom)
and LinkedIn (linkedin.com/company/viacom).

About Pluto TV
Pluto TV is the leading free streaming television service in America,
delivering 100+ live and original channels and thousands of on-demand
movies in partnership with major TV networks, movie studios, publishers,
and digital media companies. Pluto TV is available on all mobile, web
and connected TV streaming devices and millions of viewers tune in each
month to watch premium news, TV shows, movies, sports, lifestyle, and
trending digital series. Headquartered in Los Angeles, Pluto TV has
offices in New York, Silicon Valley, Chicago and Berlin.

Viacom Acquires Pluto TV

NEW YORK– Viacom Inc. (NASDAQ: VIAB, VIA) today announced that it has completed the acquisition of Pluto TV, the leading free streaming television service in the U.S.

The acquisition, previously announced on January 22, 2019 for $340 million in cash, will advance Viacom’s strategic priorities across multiple touchpoints, while solidifying Pluto TV’s leadership in the domestic free streaming video market and accelerating its growth globally.

“The completion of this deal marks an exciting next step in Viacom’s evolution and a powerful opportunity for us to extend our consumer reach and broaden our ability to add value across the industry as the media landscape continues to segment,” said Bob Bakish, Viacom President and CEO. “Together with Pluto TV, we look forward to becoming a stronger partner to distributors, advertisers, content providers and audiences around the world.”

Founded in 2013, Pluto TV streams more than 100 channels and thousands of hours of on-demand content spanning television and movies, sports, news, lifestyle, comedy, cartoons, gaming and trending digital series. Today, it has more than 12 million monthly active users across devices, including smart TVs, streaming players, mobile devices, desktops and gaming consoles.

Pluto TV will have a crucial role in expanding Viacom’s presence across next-generation distribution platforms as a standalone free over-the-top (“OTT”) product, a direct-to-consumer cornerstone, and a partnership solution for wired, mobile and OTT distributors to serve their broadband only and video bundle subscribers on a zero incremental cost basis.
At the same time, Pluto TV accelerates Viacom’s advanced marketing solutions (“AMS”) business, serving as a very significant incremental source of targeted inventory – particularly against younger demographics – thereby strengthening Viacom’s ability to serve advertising customers and their associated agencies.

Viacom’s global scale, marketing capabilities, iconic brands and vast content portfolio will help Pluto TV strengthen its offering across important genres, solidify its leadership in the domestic free streaming video space and accelerate its growth internationally, benefiting both existing and forthcoming partners.
Pluto TV will operate as an independent subsidiary of Viacom, led by President and CEO Tom Ryan.

About Viacom
Viacom creates entertainment experiences that drive conversation and culture around the world. Through television, film, digital media, live events, merchandise and solutions, our brands connect with diverse, young and young at heart audiences in more than 180 countries.
For more information on Viacom and its businesses, visit www.viacom.com. Keep up with Viacom news by following us on Twitter (twitter.com/viacom), Facebook (facebook.com/viacom) and LinkedIn (linkedin.com/company/viacom).

About Pluto TV
Pluto TV is the leading free streaming television service in America, delivering 100+ live and original channels and thousands of on-demand movies in partnership with major TV networks, movie studios, publishers, and digital media companies. Pluto TV is available on all mobile, web and connected TV streaming devices and millions of viewers tune in each month to watch premium news, TV shows, movies, sports, lifestyle, and trending digital series. Headquartered in Los Angeles, Pluto TV has offices in New York, Silicon Valley, Chicago and Berlin.

Viacom Agrees to Acquire Pluto TV

NEW YORK– Viacom Inc. (NASDAQ: VIAB, VIA) today announced that it has entered into a definitive agreement to acquire Pluto TV, the leading free streaming television service in U.S., for $340 million in cash.

Founded in 2013, Pluto TV streams more than 100 channels and thousands of hours of on-demand content spanning television and movies, sports, news, lifestyle, comedy, cartoons, gaming and trending digital series. The ad-supported, internet-based TV service features world-class programming sourced from over 130 partnerships with media networks, major film and television studios and a wide range of digital content producers.

Today, Pluto TV has more than 12 million monthly active users, 7.5 million of which are on connected TVs. Its audience streams billions of minutes of content each month across devices such as Roku, Amazon Fire TV, Android TV, Apple TV, Chromecast, and Sony PlayStation consoles, as well as built-in integrations on smart TVs from Samsung and Vizio, and mobile apps on Android and iOS. Pluto TV has also secured new distribution deals that will make the service available on tens of millions of additional devices in the coming months.

Strategic Highlights
The acquisition of Pluto TV will advance Viacom’s key strategic priorities, including expanding its presence across next-generation distribution platforms and growing its advanced advertising business. Additionally, access to Viacom’s global reach, leading brands and vast, unencumbered library will help solidify Pluto TV as the leader in the free streaming video market in the U.S., and accelerate Pluto TV’s global growth. The benefits of this transaction include:

CREATES A SCALED D2C OFFERING
Provides Viacom with direct access to millions of consumers
Serves as a very important marketing engine to acquire and retain consumers for Viacom’s targeted subscription products, including Noggin and Comedy Central Now
Provides a new distribution outlet for Viacom Digital Studios’ content, beyond the existing AwesomenessTV channel on Pluto TV
Promotes Viacom brands and content that live on other platforms, such as pay-TV, theaters and beyond
MEANINGFULLY ENHANCES ADVANCED MARKETING SOLUTIONS BUSINESS
Immediately adds billions of high-quality addressable advertising impressions, which will further strengthen Viacom’s ability to serve advertisers and their agencies
Brings an additional audience that is young, gender-balanced and hard to reach

ADDS IMPORTANT OFFERING FOR DISTRIBUTION PARTNERS
Further expands Viacom’s ability to partner with distributors by adding a premium, free service for broadband-only and other subscribers
Serves as a customer acquisition and retention tool for certain tiers of pay-TV packages
Represents a significant opportunity for all types of distributors, including mobile operators

UNLOCKS VIACOM LIBRARY VALUE
Creates an incremental opportunity to monetize Viacom library product; importantly, Viacom’s current-window programming will remain in the pay-TV ecosystem on its branded networks
Benefits from Viacom’s strategic decision to curtail the licensing of large library packages to SVOD over the last two years

CREATES GLOBAL OPPORTUNITY
Leverages Viacom’s international reach, infrastructure and capabilities
In particular, Viacom sees a very compelling near-term opportunity to create a Spanish language offering, capitalizing on Viacom International Media Networks’ library, in both the U.S. and Latin America

ACCELERATES PLUTO TV’S LEADERSHIP IN FREE STREAMING TV
Strengthens key areas of Pluto TV’s offering for consumers by including Viacom’s content across kids, African-American, reality and comedy
Gives Pluto TV access to Viacom’s brands and marketing capabilities to grow audience and usage
Delivers incremental value to Pluto TV’s existing content and distribution partners
“Today marks an important step forward in Viacom’s evolution, as we work to move both our company and the industry forward. Pluto TV’s unique and market-leading product, combined with Viacom’s brands, content, advanced advertising capabilities and global scale, creates a great opportunity for consumers, partners and Viacom,” said Bob Bakish, Viacom President and CEO. “As the video marketplace continues to segment, we see an opportunity to support the ecosystem in creating products at a broad range of price points, including free. To that end, we see significant white space in the ad-supported streaming market and are excited to work with the talented Pluto TV team, and a broad range of Viacom partners, to accelerate its growth in the U.S. and all over the world.”

Viacom’s global footprint, portfolio of entertainment brands, deep content library and additional marketing resources will further enrich Pluto TV’s product and consumer experience and provide a clear roadmap for international expansion.

“Since our launch less than five years ago, and particularly over the past year, Pluto TV has enjoyed explosive growth and become the category leader in free streaming television,” said Pluto TV CEO and Co-Founder Tom Ryan. “Viacom’s portfolio of global, iconic brands and IP, advanced advertising leadership and international reach will enable Pluto TV to grow even faster and become a major force in streaming TV worldwide. Viacom is the perfect partner to help us accomplish our mission of entertaining the planet.”

Mr. Ryan will continue to serve as CEO of Pluto TV, which will operate as an independent subsidiary of Viacom upon closing of the transaction. The transaction is expected to close in the first quarter of 2019 and is subject to customary closing conditions and regulatory approval.

Paul Hastings, Covington & Burling and Shearman & Sterling served as legal counsel to Viacom. Gunderson Dettmer and Hogan Lovells served as legal counsel to Pluto TV, and LionTree Advisors served as financial advisor to Pluto TV.

About Pluto TV
Pluto TV is the leading free streaming television service in America, delivering 100+ live and original channels and thousands of on-demand movies in partnership with major TV networks, movie studios, publishers, and digital media companies. Pluto TV is available on all mobile, web and connected TV streaming devices and millions of viewers tune in each month to watch premium news, TV shows, movies, sports, lifestyle, and trending digital series. Headquartered in Los Angeles, Pluto TV has offices in New York, Silicon Valley, Chicago and Berlin.

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