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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. Redstone, the daughter of media mogul Sumner Redstone, is chairwoman of media empire ViacomCBS. Viacom's chairman and chief executive, Sumner Redstone, is a self-described "liberal Democrat" and a prolific donor to Democratic campaigns. 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 Though Shari Redstone is eager to sell a combined CBS-Viacom, finding a buyer may not be easy. CBS, Viacom, Paramount Studios and Simon & Schuster were some of the huge media brands Redstone held over his lifetime. [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 Redstone family investment firm, National Amusements Inc., controls nearly 80% of CBS’ and Viacom’s voting shares. [18] Redstone and her partners then sold Rising Star Media to Russian theater operator Cinema Park in 2011. 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. 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. [8], Redstone is the daughter of Phyllis Gloria Raphael and Sumner Redstone and is the sister of Brent Redstone. Find Shari Redstone online. 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. [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. [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. The case, brought to [...]. The ruling abbreviated a trial that had made headlines with the personal details it exposed and questions it posed for Redstone’s media empire. 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. A 501(c)(3) tax-exempt, charitable organization. Redstone, the daughter of media mogul Sumner Redstone, is chairwoman of media empire ViacomCBS. [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 … 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. 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. 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. Things were rough before the coronavirus hit. Initially designated as interim CEO, … [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. 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. [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. Redstone filed his own suit, accusing the women of stealing $150 million. 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. [18][19], In 2007, Redstone and her father feuded publicly over issues of corporate governance and the future of the cinema chain. 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. [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. [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. Shari Redstone will have a critical ally in Bob Bakish, who had been running Viacom International Media Networks. Find out why Shari Redstone is one of the 100 most influential people of 2020. She successfully facilitated the 2019 $12 billion merger deal … CBS's board then offered Shari Redstone the position of non-executive chair, but she declined. [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. and in 1980 (LLM). The political affiliations of Viacom's board and senior management, however, could undercut the credibility of any action the board may take. Getty Shari Redstone Shari Redstone is the American media executive who owns the controlling shares of both CBS and Viacom. He was […] The future leadership falls to Sumner Redstone’s daughter, Shari, with whom he has had on again, off again squabbles through the years. 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. She practiced corporate law, estate planning and criminal law in the Boston area before joining National Amusements. Shari Redstone and Sumner Redstone View 2 Shari Redstone and Sumner Redstone Photos » Show Sumner Redstone With: Brad Grey , Christine Peters , Malia … Shari is now vice chairman of the boards of both CBS and Viacom and the president of National Amusements. “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. [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). Now Shari Redstone has been handed a large bag of rocks. She declined the role of non-executive chairman of both CBS and Viacom. 48, No. Redstone is included in Time Magazine's 100 Most Influential People of 2020. [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. Instagram, Twitter, Facebook, Images, Youtube and more on IDCrawl - the leading free people search engine. 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. [23], On February 3, 2016, her father resigned as CBS executive chairman after questions arose about his mental competency. She is the president … She graduated with a bachelor of science degree from Tufts University in 1975. 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. 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. [24] The CBS board announced that Les Moonves replaced Sumner Redstone as CBS Chairman. “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 … © 2020 Forbes Media LLC. 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! Any action the board may take area before joining National Amusements that was... 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