ViacomCBS will be changing its name to Paramount Global come Feb. 16, Chair Shari Redstone and President-CEO Bob Bakish announced Tuesday in a memo to staffers, per Variety.
"An iconic global company deserves an iconic global name," Redstone and Bakish wrote in their memo. "As Paramount, our name will reflect who we are, what we aspire to be, and all that we stand for."
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