He returned to Boston in 1954 to join his father and younger brother Edward in their drive-in theater venture. Viacom sold 18% of Blockbuster to the public in 1999 and the rest in 2004. He bought Blockbuster Entertainment Corp. in 1994 to help him finance a deal for Paramount Communications Inc. She has won numerous awards including the Pulitzer Prize and National Book Critic Circle Award. Redstone was known to be living with the two women in his Beverly Park mansion after he divorced his second wife, Paula Fortunato, also about 40 years his junior. He was the majority owner and chairman of the board of the National Amusements theatre chain. Media mogul Sumner Redstone, who was best known as a majority owner of National Amusements and as a majority voting shareholder at Viacom CBS, passed away on Aug. 11, 2020 at the age of 97.. Redstone often said he would never retire and joked he would live forever. Sumner Redstone was married twice. She graduated from American University and received a master’s degree in early childhood elementary education from New York University. Before it's here, it's on the Bloomberg Terminal. Sumner Redstone married his wife Phyllis Gloria Raphael in 1947. His father changed the family name to Redstone … They stayed together for 8 years. Brendan McLoughlin Bio, Wiki, Age, Height, Baby Mamma (Kaihla Rettinger), Child, NYPD, Parents, Family, Net Worth, Steven Wetherbee ( Lia Marie Johnson Producer) Bio, Wiki, Age, Wife, Children, Instagram Live Groping Video, Instagram, Net Worth, Louie Rankin(Grammy Winning Artist) Bio, Wiki, Age, Education, Music Career, Acting, Career, Wife, Children, Death, Amanda Stanton Bio, Biography, Boyfriend (Bobby Jacobs), Ex-Husband (Nick Buonfiglio ), Children, Net Worth, Domestic Violence, Who is Deirdre Downs? Bio, Wiki, Age, Career, Family, Instagram, Driver in Corey La Barrie Car Crash, Who is Diane Butkiewicz? Besides being a chairwoman, his daughter Shari is also the President of National Amusements. “I thought I was going to practice law to make the world better,” Redstone said in a 1999 interview. Redstone passed on Tuesday, August 11th, 2020  according to a Wednesday statement from National Amusements obtained by CNBC. Redstone said in a speech at Boston University in 2007: “In 1987, when I purchased Viacom, it was a struggling cable television programming venture with a few undeveloped and overlooked assets that everyone encouraged me to sell. Sumner Redstone was born on May 27, 1923, in Boston, Massachusetts, United States. Find out more about how we use your information in our Privacy Policy and Cookie Policy. “Through it all, we shared a great love for one another and he was a wonderful father, grandfather and great-grandfather. Redstone sweetened his offer five times, and in the process, agreed to buy Blockbuster because the video-rental chain pledged an additional $1.25 billion to keep Viacom in the bidding. “I also saw that we would be the No. Sumner Redstone and his wife Phyllis Gloria Raphael had two children: son, Brent Redstone, and daughter, Shari Redstone. He was the controlling shareholder of ViacomCBS and Chairman and CEO of National Amusements. Sumner Redstone (born Sumner Murray Rothstein) was an American businessman and media magnate. Sumner Redstone along with Sydney Holland and Manuela Herzer. After about five years, they filed for … We also deliver on a news platform the latest news in Celebrity News, technology, fashion, sports, lifestyle and other fields. He then joined a private law firm as a partner. He followed a diet packed with antioxidants and exercised daily while enjoying a vodka in the evening. In 1999, they divorced. In 1987, he engineered the purchase of Viacom. Stocks Gain Most in Almost Four Weeks; Yields Rise: Markets Wrap, A Clear-Cut Biden Win Is Emerging as a Bull Case for Stocks, New York Cracks Down on Hot Spots as Cases Surge: Virus Update, Fashion Designer Kenzo Takada Dies From Covid-19, Trump Deflects From His Health Status as Hospital Stay Extends. ViacomCBS confirmed in a statement: “ViacomCBS Inc. mourns the passing of Sumner M. Redstone, its Chairman Emeritus, and Chairman and CEO of National Amusements, the controlling shareholder of ViacomCBS.”, Bob Bakish, President and CEO of ViacomCBS, said in a statement: “Sumner Redstone was a brilliant visionary, operator and dealmaker, who single-handedly transformed a family-owned drive-in theater company into a global media portfolio. His swashbuckling, billion-dollar takeover battles garnered headlines in the financial press. Testimony in related court cases revealed that Redstone could barely move or speak. The documents say Redstone and his wife, 46-year-old Paula Fortunato Redstone, already have a … At the age of 63, he became a full-fledged media mogul. In 1994, he spent $10 billion for Paramount. We extend our deepest sympathies to the Redstone family today.”, ViacomCBS Chair Shari Redstone said in a statement: “My father led an extraordinary life that not only shaped entertainment as we know it today, but created an incredible family legacy. With his passing, the media industry he loved so dearly loses one of its great champions.”. Primal Information is your news, entertainment, music fashion website. Redstone and his ex-lover Sydney Holland snapped holding hands. Over the next few decades, he turned the business into one of the nation’s largest movie-theater chains, National Amusements. Updates with death details in second paragraph, funeral plans in final paragraph. Sumner Redstone was married twice. They said that Nickelodeon could never make it because who was interested in a kids’ channel … in your life, in the final analysis, you have to follow your own instincts.”. The duo, Sumner and Phyllis were married for 52 years but, in 1999, he and his partner separated. The marriage ended in divorce. Paula Fortunato is was a schoolteacher best known for being the ex-wife of Sumner Redstone, an American businessman and media magnate. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Today, ViacomCBS owns a wide range of media brands in TV, cable, film and publishing: the CBS Television Network, CBS News and 15 CBS-owned TV stations; cable channels including BET, Comedy Central, MTV and Showtime; Paramount Pictures; and the publisher Simon & Schuster. “Through it all, we shared a great love for one another and he was a wonderful father, grandfather and great-grandfather. (adsbygoogle=window.adsbygoogle||[]).push({}); Who is Sumner Redstone? He died on August 11, 2020, in Los Angeles, California. Bitcoin value forecast: Will 2018 be the most exceedingly terrible year yet for cryptographic money? ViacomCBS will remember Sumner for his unparalleled passion to win, his endless intellectual curiosity, and his complete dedication to the company. In 1947, he married Phyllis Gloria Raphael and they divorced in 1999. https://t.co/COO45Ix5Re pic.twitter.com/dahsTol9fP, “My father led an extraordinary life that not only shaped entertainment as we know it today but created an incredible family legacy,” Shari Redstone, Sumner’s daughter and chair of ViacomCBS, said in the release, the outlet reported. She, along with another woman, is being … She is currently 57 years old. Redstone bucked the trend of leasing space in shopping malls, preferring to buy real estate. Billionaire had majority of voting shares of Viacom and CBS, Built what was once the world’s second-largest media company. He was the grandfather of Kimberlee Korff Ostheimer, Brandon Korff, and Tyler Korff. With his passing, the media industry he loved so dearly loses one of its great champions.”. Sumner Redstone Wife | Sumner Redstone Dating | Sumner Redstone Dating. The 85-year-old executive chairman of CBS and Viacom petitioned for divorce Friday. 5 Health Benefits of Lemon Water in the Morning, Caroll Spinney Bio, Wiki, Age, Education, First Wife, Wife (Debra Jean Gilroy), Children, Net Worth, Cause of Death, Who is Daniel Silva Ink Master ? Their divorce was finalized on January 22, 2009. Redstone owned a house in the Beverly Park area of Los Angeles, which he purchased in 2002 for $14.5 million. Remembering Sumner Redstone, a media mogul who built his family’s drive-in theater chain into a multibillion-dollar empire encompassing CBS and Viacom. He died on August 11, 2020, in Los Angeles, California. In 2005, Redstone announced that he was splitting his media empire into Viacom and CBS, naming Tom Freston and Moonves as the respective CEOs. Believe it or not, Fortunato is 39 years younger compared to the former media director. In 2003, Redstone wed Paula Fortunato, a 40-year-old schoolteacher. The move was consummated after a five-month battle with his one-time friend Barry Diller. Redstone married Paula Fortunato, a former primary school teacher 39 years his junior. However, Redstone was married twice and even had a girlfriend until 2015. Gloria Raphael and Redstone gave birth to a boy and a girl. Redstone then married Paula Fortunato, a 40-year-old former schoolteacher in 2003. Paula Fortunato is the second wife of Redstone. As chairman, Redstone achieved much of his success through Viacom’s cable-television unit, which ultimately included the channels Comedy Central and Black Entertainment Television and produced “The Daily Show” and “SpongeBob SquarePants” among many other programs. Sumner Redstone filed for divorce from her on October 17. Hugh Downs’ Daughter; Bio, Wiki, Age, Siblings, Parents, Career. We offer Web Design and App Development Services. And his power struggles, love life and seemingly mercurial decisions, such as publicly firing action star Tom Cruise, made him the subject of endless industry gossip and tabloid stories. Sumner Redstone sits outside the Sun Valley Resort in Sun Valley, Idaho on July 13, 2000. Sumner Redstone died on August 11, 2020, at age 97. The marriage ended in divorce. I am so proud to be his daughter and I will miss him always.”, National Amusements said in a statement: “Over the course of his distinguished life and career, Sumner played a critical role in shaping the landscape of the modern media and entertainment industry. Trending :Joanna Gaines || Kamala Harris || Pat Sajak || Elizabeth Warren || Nicole Curtis ||. He was 97. Redstone had requested that “My Way” be played at his service, and that he be buried in a family plot near Boston. After about five years, they filed for divorce. From their wedlock, the duo welcomed a son and a daughter. In May 2015, Redstone said that upon his death his ownership in that company will pass to a family trust, whose trustees include his daughter Shari Redstone and her son, Tyler Korff. Sumner Redstone was born on May 27, 1923, in Boston, Massachusetts, United States. Shari Redstone is the daughter of the former executive director of Viacom. Sumner Redstone Age. The media mogul is being reported to have died on August 11, 2020 at his home in Los Angeles at the age of 97. You can change your choices at any time by visiting Your Privacy Controls. Wife – Spouse. They did not give birth to any kids. With his first wife, Redstone had a daughter Shari, chairwoman of the merged entity ViacomCBS, and a son, Brent. Wife number two: Redstone married New York City teacher Paula Fortunato in … According to William D. Cohan, Sumner kicked Holland out of his Beverly Park Mansion after discovering; she had been cheating on him with another man in August 2015. By using this site, you agree to the Privacy Policy and Terms of Use. Sumner Redstone Ex-Wife; Bio, Wiki, Age, Parents, Wedding, Divorce, Black Panther will have outperformed a large number of Marvel’s mightiest, Paul Pogba’s ‘self-evident’ issues with Jose Mourinho ‘could bring a stand-Off.