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Sumner M. Redstone

Executive

"I believe that the only philosophy of life that's compatible with sanity is optimism.  And the other thing I believe, and I've taught to my kids from day one: success is not built on success; it's built on failure. Frustration. Sometimes even calamity -- and how we deal with it."

About This Interview

In his nearly two hour Archive Interview, Viacom Executive Sumner Redstone reveals his early experiences as a code breaker during World War II and recalls his start at National Amusements, the drive-in theater company founded by his father. Redstone shares how he quickly turned the company into a thriving nation-wide theater chain and soon sought ways to diversify his interests. He discusses his purchase of Viacom in 1987, and the later acquisitions of Paramount, Blockbuster, and CBS. Redstone explains his philosophy for success, which includes a passion for winning and a commitment to excellence, and expounds upon his mantra that "content is king." Don West conducted the interview in New York, New York on November 16, 2000.

Related To This Video

  • Topics
  • Professions

Topics

  • Media Consolidation
  • Technological Innovation
  • WWII

Professions

  • Executives
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Highlights

  • Sumner Redstone on "content is king"Sumner Redstone on "content is king"
    Clip begins at: 07:10, Duration: 01m 19s
  • Sumner Redstone on the legend of leaving a screening of 
        <i>Star Wars</i>to buy shares of 20th Century FoxSumner Redstone on the legend of leaving a screening of Star Warsto buy shares of 20th Century Fox
    Clip begins at: 15:53, Duration: 00m 51s
  • Sumner Redstone on MTVSumner Redstone on MTV
    Clip begins at: 14:36, Duration: 02m 38s
  • Sumner Redstone on repurposing content on TV Land and Nick at NiteSumner Redstone on repurposing content on TV Land and Nick at Nite
    Clip begins at: 05:21, Duration: 00m 45s

Interview

  • Part 1
  • On his childhood and early influences; On his intense academic experience in high school; on Harvard and Harvard Law 
    Clip begins at: 0:46
  • On code breaking during World War II; on his first job after law school and getting out of the legal profession; on taking over his father's Drive-In theater business - National Amusement - the parent company of Viacom
    Clip begins at: 08:12
  • On his accomplishments in theater exhibition - multiplexes; on being caught in a hotel fire in 1979; on aging; on National Amusement purchasing Viacom
    Clip begins at: 18:10
  • Part 2
  • On Barry Diller and the Paramount battle; on getting out of cable operation and becoming the number one software-driven media company in the world
    Clip begins at: 0:31
  • On Blockbuster and starting video-on-demand services; on MTV, UPN and CBS
    Clip begins at: 09:24
  • On WWF; on acquiring BET; on working with John Malone and Rupert Murdoch
    Clip begins at: 23:58
  • Part 3
  • On Rupert Murdoch and media moguls; on the social responsibility of television; on the role of government in broadcasting
    Clip begins at: 0:36
  • On how the television business will change; on his philosophy for success; on discipline and commitment
    Clip begins at: 06:08
  • Part 4
  • On digital television and challenging cable; on HDTV and fragmentation; on repurposing content
    Clip begins at: 0:7
  • On his stake in the new media world; on "content is king;" on Broadband and wireless; on successful brands
    Clip begins at: 06:06
  • On future plans; on how much his teachers influenced him and on teaching at Harvard; on media consolidation and social responsibility; on being a risk taker; on his accomplishments
    Clip begins at: 14:06

Shows

People

  • Barry Diller
    • Sumner Redstone on how he purchased Viacaom, by fighting Barry Diller and Paramount
      Clip begins at: 26:41, Duration: 01m 57s
    • Sumner Redstone on Barry Diller, the "Diller Sizzle," and the Paramount battle
      Clip begins at: 00:31, Duration: 05m 33s
  • Mel Karmazin
    • Sumner Redstone on CBS and CEO Mel Karmizan
      Clip begins at: 18:47, Duration: 05m 12s
  • John Malone
    • Sumner Redstone on negotiating with John Malone to buy BET
      Clip begins at: 24:42, Duration: 02m 17s
  • Rupert Murdoch
    • Sumner Redstone on working with Rupert Murdoch
      Clip begins at: 26:59, Duration: 00m 45s
    • Sumner Redstone on Rupert Murdoch and media moguls
      Clip begins at: 00:36, Duration: 01m 22s

Topics

  • Historic Events and Social Change > War > WWII
    • Sumner Redstone on code breaking during World War II
      Clip begins at: 08:12, Duration: 04m 45s
  • Technological Innovation
    • Sumner Redstone on digital television and challenging cable; on HDTV and fragmentation
      Clip begins at: 00:07, Duration: 05m 14s
  • Television Industry > Media Consolidation
    • On the Paramount battle and Viacom becoming the number one software-driven media company in the world
      Clip begins at: 00:31, Duration: 08m 53s
    • Sumner Redstone on media consolidation
      Clip begins at: 16:23

Professions

  • Executives > Cable Executive
    • Sumner Redstone on purchasing Viacaom
      Clip begins at: 25:51, Duration: 02m 56s
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