A New Window of Opportunity for Viacom Case Study

A recent Window of Opportunity for Viacom - Case Study ExampleIn the USA, the cable networks industry makes revenue of most $ 56 billion with a 1.7 % growth over the past five years (Ibis knowledge base, 2014). This paper is establish on the cable networks and broadcast industry with particular focus on the marketing strategies of Viacom. It includes the strategies of the company to put to work in the international market and to strengthen its core competencies.Viacom is a TV broadcast and cable networks company, headquartered in New York. It owns some of the best-known television stags like MTV, Nickelodeon, VH1, Comedy Central, etc. Viacom also owns Paramount, which is one of the worlds largest media entertainment brands (Viacom, 2014a). The strategic planning of the company focuses on becoming the industry leading transmit company, which focuses on catering to its customers by developing new brands and enhancing the existing ones on a multiplatform strategy (Viacom, 2014b). everywhere the years Viacom has expanded itself by taking several tactical strategies so as to meet its semipermanent goals to expand itself in the media entertainment industry. In 1983, Viacom made its first major strategic move by establishing a joint venture with Warner Communication. In the next few years, the company eventually acquired the MTV networks. Acquisition of the MTV brand gave Viacom a major monetary boost. It also made Viacom an attractive business partner for other big companies as a result in 1987, almost 87 % of Viacom was acquired by National Amusements with a financial consideration of $ 3.4 billion. Keeping in mind the high popularity of MTV, the company decided to introduce MTV in Europe. In 1994, Viacom made another major acquisition by taking over Paramount Communications with $ 9.9 billion. As a result, the company diversified into the movie production industry.