She practiced corporate law, estate planning and criminal law in the Boston area before joining National Amusements. She declined the role of non-executive chairman of both CBS and Viacom. Though Redstone has not revealed her personal politics to the public, she has spoken positively of President Trump and visited him in the White House earlier this year. She sits on the local advisory board and executive committee for BUILD, a nonprofit organization that uses entrepreneurship to propel low income youth through high school and into college. The Redstone family investment firm, National Amusements Inc., controls nearly 80% of CBS’ and Viacom’s voting shares. Billionaire Shari Redstone’s Son, 35, Deported From Israel for Flouting Quarantine to See Teen Lover Tom Sykes 6/15/2020 Grandma & stranger celebrate fifth Thanksgiving -- first without her husband 48, No. (Stephen Smith / Sipa USA) Redstone is included in Time Magazine's 100 Most Influential People of 2020. Find Shari Redstone online. A CBS suit against Ms. Redstone over control of the company was dismissed in May 2018 as CBS Chief Leslie Moonves was ousted due to sexual misconduct. She stated that she wanted the chairs of each company to be "not a Trustee of my father's trust or otherwise intertwined in Redstone family matters," and she nominated Les as the CBS chair. [24] The CBS board announced that Les Moonves replaced Sumner Redstone as CBS Chairman. All Rights Reserved. A peek at this week's ForbesWomen newsletter, which every Thursday brings headlines about the world's most powerful women straight to your inbox. Redstone, the daughter of media mogul Sumner Redstone, is chairwoman of media empire ViacomCBS. A 501(c)(3) tax-exempt, charitable organization. However, a November 22, 2006, New York Times article indicated that Redstone was reconsidering his daughter's role. [23], On February 3, 2016, her father resigned as CBS executive chairman after questions arose about his mental competency. The ruling abbreviated a trial that had made headlines with the personal details it exposed and questions it posed for Redstone’s media empire. The future leadership falls to Sumner Redstone’s daughter, Shari, with whom he has had on again, off again squabbles through the years. Shari … Shari Redstone and Sumner Redstone View 2 Shari Redstone and Sumner Redstone Photos » Show Sumner Redstone With: Brad Grey , Christine Peters , Malia … shari redstone political party. [31], Redstone married and divorced Rabbi Ira A. Korff,[32] and they had three children:[1][33], Her ex-husband was president and director of National Amusements until two years after they divorced. Shari Redstone asked the Delaware court to rule on the 11-3 vote to dilute the Redstone family's voting share. [42] Redstone recently joined the board and executive committee of "Our Time", a mass-membership organization that stands for the economic interests and political inclusion of young Americans aged 18–30. Instagram, Twitter, Facebook, Images, Youtube and more on IDCrawl - the leading free people search engine. In the end, Shari Redstone was successful, reaching settlements under which the women dropped their claims. Media titan Sumner Redstone gave out many millions of dollars to multiple women — mistresses, a flight attendant and … Crypt TV has raised $11 million from the likes of Shari Redstone and NBCUniversal to make horror for mobile. Shari is now vice chairman of the boards of both CBS and Viacom and the president of National Amusements. Find out why Shari Redstone is one of the 100 most influential people of 2020. Shareholder lawsuit blasts Shari Redstone’s ‘persistent influence’ in Viacom-CBS merger ViacomCBS Chairwoman Shari Redstone, pictured in 2017. The digital media investor has homes in Boston, New York and Connecticut, and is always on the road, according to … Redstone's trusts made it clear that his daughter, Shari Redstone (vice-chairwoman of the board of Viacom and CBS as well as president of National Amusements), was set to assume his role upon his death. Redstone, the daughter of media mogul Sumner Redstone, is chairwoman of media empire ViacomCBS. [18] Redstone and her partners then sold Rising Star Media to Russian theater operator Cinema Park in 2011. He was […] She is the president … Find out why Shari Redstone is on this year’s list Sign In View CNN's Sumner Redstone Fast Facts for a look at the life of the owner of National Amusements, Inc., the parent company of Viacom, Inc., and CBS Corp. She graduated with a bachelor of science degree from Tufts University in 1975. Shari Redstone has no plans to launch a conservative news channel to compete with Fox News, reps for the billionaire media heiress said. Sumner Redstone excluded his ex-girlfriend Sydney Holland from his trust, but included her young daughter, court papers filed in Los Angeles and obtained by DailyMail.com reveal. [18][19], In 2007, Redstone and her father feuded publicly over issues of corporate governance and the future of the cinema chain. Viacom's chairman and chief executive, Sumner Redstone, is a self-described "liberal Democrat" and a prolific donor to Democratic campaigns. [25], On January 17, 2018, the Wall Street Journal reported that Shari Redstone was pushing for CBS Corp. to merge with Viacom, with Redstone also gathering names for new board members at CBS. 32", "National Amusements Moves to a Digital Future with Sony 4K Digital Cinema... - PARK RIDGE, N.J., Oct. 7 /PRNewswire/", "Sumner Redstone's Daughter Shari Launches Media, Tech Investment Firm", "Shari Redstone buys Russian theaters from her family firm", "Shari Redstone's Rising Star Media sold to Russian theater chain", "Shari Redstone Makes Huge Profit By Selling Russian Theaters For $190 Million", "Redstone says he relies on his instinct", "Shari Redstone launches investment firm Advancit Capital", "Sumner Redstone Resigns as CBS Executive Chairman", "Viacom names Philippe Dauman as new board chairman, replacing Sumner Redstone", "Viacom Names Philippe Dauman Chairman Succeeding Sumner Redstone", "Succession battle engulfs Sumner Redstone's media empire", "Viacom's Board Names Dauman Chairman, Replacing Aging Redstone", "Shari Redstone Wants New CBS Directors, Renews Push for Merger With Viacom", "CBS, Viacom to reunite as media giants bulk up for streaming", "The Jewish Post and Opinion, July 18, 1980, Page10", "Sumner Redstone Shows Yet Another Ex-Girlfriend to the Door", "Sumner Redstone trust shakeup: New members are allies of mogul's daughter", "Media Mogul's Scion Sees Emojis as Sign of Times | Los Angeles Business Journal", "An estranged son, a legal battle with a live-in lover, and a mogul who wanted to 'live forever': Meet the heirs to the ViacomCBS empire", "Korff continues family Rabbinic tradition", "Board of Directors - John F. Kennedy Presidential Library & Museum", Redstone Split Bears On Future Of Viacom, CBS, https://en.wikipedia.org/w/index.php?title=Shari_Redstone&oldid=988980992, American entertainment industry businesspeople, Articles with dead external links from March 2014, Creative Commons Attribution-ShareAlike License, Kimberlee Korff Ostheimer, a lawyer who practiced at, Tyler Korff, a lawyer and rabbi who graduated from, George Cheeks (CEO, CBS Entertainment Group), This page was last edited on 16 November 2020, at 10:40. Her grandfather was Michael Redstone, who was the original founder of National Amusements, the parent company that now owns the majority of the Redstone media empire. But trying to figure out where Shari Redstone is based is no easy task. [26], On February 4, 2016, against Shari Redstone's desires,[27][28][29] Viacom's board of directors named Philippe Dauman, already the CEO and president, the chairman, replacing Sumner Redstone. [25] In 2016, Redstone, who at the time was vice chairperson of CBS and Viacom and president of National Amusements (the controlling shareholder of CBS and Viacom), gave the following statement on succession: "my father's Trust states his intention that I succeed him as (non-executive) Chairman at CBS and Viacom, and also names me as a Trustee after his death." National Amusements Sues CBS Board Over Vote To Dilute Control, Why Shari Redstone Has Edge Over Philippe Dauman In Battle For Viacom, Judge Dismisses Competency Case Against Sumner Redstone, Herzer Files New Suit Against Shari Redstone. [10] Redstone has expanded the company's international footprint and its exploration of new technologies. [23] She is also on the board of directors of The National Center on Addiction and Substance Abuse (CASA) at Columbia University[41] and the John F. Kennedy Library Foundation. Shari Redstone’s appointment to lead the remerged Viacom and CBS was unexpected by almost anyone who has followed the battles within this family media business. [30], On August 13, 2019, the Associated Press reported that Shari Redstone became the chair of the board for the reuniting of CBS and Viacom as ViacomCBS. CBS's board then offered Shari Redstone the position of non-executive chair, but she declined. Redstone, a lawyer by training, repeatedly declined to talk about many of the battle’s granular details, including her dealings with Les Moonves, with whom CBS is currently involved in arbitration. Women in entertainment—from ViacomCBS Inc. chairwoman Shari Redstone to singer Beyoncé and more—comprise 14 spots on our 2019 list of the world's 100 most powerful women. The merger will reunite the companies Sumner Redstone broke apart in 2006 and create a company with more than $28 billion in revenue to better compete with the entertainment world's behemoths. Its biggest success: the nearly 10 million users who watch its monsters on Facebook’s fledgling video service, Watch. End Of The Drama: Sumner Redstone’s Death Leaves Only One Intrigue For ViacomCBS, Sumner Redstone, Billionaire Media Magnate, Dies At 97, Master, Boston University; Bachelor of Arts/Science, Tufts University. Though Shari Redstone is eager to sell a combined CBS-Viacom, finding a buyer may not be easy. “Redstone has approached current and former Fox News personalities about such a plan, sources say, and she has spoken with former NBC News host Megyn … In a letter sent to Forbes five months later, he publicly blasted her for making an effort to succeed him as chair of Viacom and CBS, saying she and her brother, Brent, had made “little or no contribution” to building the media empire. [16] In 2010, Redstone and her partners purchased the theaters that they had built and formed Rising Star Media,[17] of which she was chairman, and turned it into the top grossing cinema chain in that country. Shari Redstone will have a critical ally in Bob Bakish, who had been running Viacom International Media Networks. She received her law degrees at Boston University School of Law in 1978 (J.D.) Photo by Jamel Toppin/The Forbes Collection; In just the last two years, the media business has undergone a massive transformation through deal-making: AT&T- Time Warner, ViacomCBS, Disney-Fox, and Discovery-Scripps. Things were rough before the coronavirus hit. Redstone filed his own suit, accusing the women of stealing $150 million. The future of Viacom and its film studio, Paramount, hinge on the battle between Shari Redstone and Philippe Dauman for control of Sumner Redstone’s trust, (Photo credit by Frazer Harrison/Getty Images) In a Los Angeles court today, a judge dismissed the lawsuit that challenged billionaire Sumner Redstone's mental capacity to make healthcare decisions. [1], As of January 2018, Redstone is a member of the board of directors at Combined Jewish Philanthropies and the board of trustees at Dana Farber Cancer Institute. That must have been a hell of a flight. [5] She currently serves as the chairman of ViacomCBS and president of National Amusements; she formerly served as the vice-chairman of CBS Corporation[6] and Viacom. The case, brought to [...]. She successfully facilitated the 2019 $12 billion merger deal … The suit is the latest move in a struggle between CBS CEO Leslie Moonves and NAI president Shari Redstone over the television network's independence. CBS, Viacom, Paramount Studios and Simon & Schuster were some of the huge media brands Redstone held over his lifetime. She successfully facilitated the 2019 $12 billion merger deal between CBS Corp. and Viacom Inc. She is the first woman to have such a large stake of a U.S. media business, controlling a $30 billion media empire. Getty Shari Redstone Shari Redstone is the American media executive who owns the controlling shares of both CBS and Viacom. She currently serves as the chairman of ViacomCBS and president of National Amusements; she formerly served as the vice-chairman of CBS Corporation and Viacom. A period of estrangement between Shari Redstone and her combative father, Sumner Redstone, ended with a reconciliation before his death and the daughter taking over the family empire. Facebook’s Surprising Video Standout Is A Horror Movie Startup, Shari Redstone And The Living Legacy Of Her Father's Media Empire. With the messy ‘Succession’-like storyline laid to rest with her father, Shari Redstone still has to prove she can keep the family’s $3 billion fortune intact. The political affiliations of Viacom's board and senior management, however, could undercut the credibility of any action the board may take. © 2020 Forbes Media LLC. All Rights Reserved. With government antitrust focus on the digital giants, is more in store for traditional media deal-making? EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation with Forbes Insights, ViacomCBS’s Downward Spiral Is Accelerating As Talk Of Unraveling Grows, From Newcomer Ava DuVernay To Veteran Oprah, Meet 2019’s Most Powerful Women In Entertainment, MacKenzie Bezos Makes Forbes 400 Debut; Shari Redstone’s Forbes Exclusive: Your ForbesWomen Updates, Exclusive: For the First Time Shari Redstone Tells Her Side Of The Battle To Merge Viacom And CBS, The Labors Of Shari Redstone: Reclaiming A Family Legacy, Shari Redstone’s Dream Fulfilled; Why Your Business Vision Needs Support; Alexis Ohanian Pushes For Parental Leave: Your ForbesWomen Updates, CBS And Viacom Announce Plans To Merge, Finally Fulfilling Shari Redstone's Dream On 3rd Try, It’s Alive! [43], National Center on Addiction and Substance Abuse, "Former Redstone Son-in-Law Quits Theater Chain", "Inside the Battle for Sumner Redstone's $40 Billion Media Empire", "Shari Redstone: 5 Fast Facts You Need to Know", "Shari Redstone: The 100 Most Influential People of 2020", "List of Private Companies Worldwide, Letter - Businessweek", "Shari Redstone Says U.S. Has Too Many Cinemas, 'Thousands' Should Close - Bloomberg", "Foxboro, MA: National Amusements Debuts New Upscale Cinema Concept at Patriot Place - The BigScreen Cinema Guide", "4/30/2002, The Bridge: Cinema De Lux - Almanac, Vol. Will Shari Redstone Find A Buyer For A Combined CBS-Viacom? [9], Since 1999, she has been president of National Amusements, one of the top ten movie exhibitors in the United States. [20] Documents have been made public which verify that, as part of a settlement from Sumner's first divorce, all of Sumner's stock is in irrevocable trusts that will be left to his grandchildren. She also has another quality both likely envy: she is a member of Redstone… Shari Redstone may not have Shakespeare on her side but she is family, as neither Dauman nor Herzer are. Shari Redstone Explores Plan to Launch Fox News Competitor (Exclusive) 10:11 AM PDT 10/15/2019 by Kim Masters , Paul Bond FACEBOOK; TWITTER; EMAIL ME; Drew Angerer/Getty Images. Sumner Redstone, a towering determine in media who constructed his father’s drive-in theater enterprise into an empire that included Viacom, Paramount Footage and CBS Corp., solely to see his legacy tarnished in his last years by company battles and sordid allegations by former girlfriends, died Aug. 11 at his dwelling in Los Angeles. © 2020 Forbes Media LLC. Shari Ellin Redstone (born April 14, 1954) is an American media executive with a background in numerous aspects of the entertainment industry and related ventures. Now Shari Redstone has been handed a large bag of rocks. [22] In addition, she is co-chairman of MovieTickets.com,[23] Inc. and is a member of the Board of Directors and Executive Committee for the National Theatre Owners Association (NATO). Shari Redstone faced down industry doubts and her father’s public statements that he did not see her as capable of taking over the empire. Media M&A 2021: Are Big Deals In The Picture? [11][12][13][14][15], In 2000, while at National Amusements, Redstone entered the Russian theater market, giving patrons there the opportunity to experience high-end luxury theaters. The Center for Responsive Politics. Shari Ellin Redstone (born April 14, 1954) is an American media executive with a background in numerous aspects of the entertainment industry and related ventures. [7] Through National Amusements, Redstone and her family are majority owners of CBS, Comedy Central, BET, Showtime Networks and the film studio Paramount Pictures. [8], Redstone is the daughter of Phyllis Gloria Raphael and Sumner Redstone and is the sister of Brent Redstone. and in 1980 (LLM). “In the midst of closing a merger between CBS and Viacom, Shari Redstone is quietly exploring a plan to launch a conservative TV outlet meant to square off with the Fox News Channel,” sources tell the Hollywood Reporter. [21], In 2011, Redstone became co-founder and managing partner of Advancit Capital, LLC,[22] an investment platform focusing on early stage in media, entertainment and technology. Initially designated as interim CEO, …