Redstone defends split

Viacom chairman talks to Eisner

Sumner Redstone appeared on Michael Eisner’s CNBC talkshow Monday and reiterated his stance on cutting ties with Tom Cruise and Paula Wagner’s production company.

“I hoped I was saying goodbye to a type of business,” he said. “We were playing too much to the stars, and stars don’t make a picture, the script does. We were playing too much and getting too little.”

Redstone spent more time describing his business relationship with his daughter Shari, Viacom’s vice chairman. For starters, he won’t make her CEO.

“I’m the boss. She works,” he said. “I work very hard and travel around the world for Viacom. I’m not about to give up control.”

Eisner, who had dined with Shari Redstone recently, said she told him that exhibition is still a growth business.

“It’s not,” Redstone countered. “The only reason theaters have kept up with the rest of the world is raising admission prices.”

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety