William Bouguereau Cupid and Psyche as Children painting
Raphael Madonna and Child with Book painting
he has since made a string of succesful aquisitions: Paramount Pictures, for $10 billion in 1993, Blockbuster Video for $8.4 billion in 1994 and, in 1999, a $91 billion merger with CBS.Industry observers viewed the Paramount acquisition price as unreasonably steep, causing Viacom to go into debt. But the studio is now one of the top five revenue-earners in Hollywood, and laid claim to last year's highest-grossing movie, Mission Impossible 2, which hauled in about $550 million worldwide.Similarly, the Blockbuster buyout had pitfalls of its own: Redstone found the company to be poorly managed. In a major strategic shift, Redstone revved up the company by transforming the video-rental industry, adopting a revenue-sharing model with the Hollywood studios. Instead of buying its tapes for,
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