Mtv And Nickelodeon To Merge Into The Paramount Motion Picture Group
Viacom Inc. announced that MTV and Nickelodeon will become full labels under the Paramount Motion Picture Group (PMPG) as part of a new structure designed to deepen their already successful track record with their core target audiences. The two former production companies, which previously operated as on-lot producers, will now join several other labels under PMPG’s umbrella, including Paramount Pictures, DreamWorks SKG, Paramount Vantage and Paramount Classics. “After successful 12-year stints as production companies at Paramount, we are going to upgrade MTV and Nick to full movie label status,” said Tom Freston, Viacom President and CEO....