ViacomCBS says former CBS CEO Les Moonves won’t get his $120 million severance package from his firing in 2018, ending a long-running dispute over the money.

It's betting that consumers are willing to add yet another paid streaming service in an increasingly crowded field. “Paramount+ has a mountain of challenges ahead of it," said Tim Hanlon, CEO of Vertere Group, playing off the Paramount+ tagline, “A mountain of entertainment." CBS All Access, Showtime and BET+ now have nearly 30 million subscribers, some of who will shift to Paramount+. ViacomCBS said some of the studio’s films, including “Mission: Impossible 7” and “A Quiet Place Part II,” will go to its fledgling streaming service, Paramount+, after 45 days in theaters. “If they want to act like a second tier streaming service, they're doing a fantastic job."

(Photo by Owen Sweeney/Invision/AP, File)Dave Chappelle announced that “Chappelle’s Show” will be returning to Netflix. The comedian made the announcement early Friday morning via an Instagram post titled “Redemption Song,” a standup set that is 10 minutes long. Netflix started airing the show on Nov. 1 but pulled it after Chappelle shared with the public that Comedy Central and ViacomCBS had licensed the show without any additional payments going to him. In November, Chappelle also spoke about the situation during a standup set shared to Instagram. He said that he demanded the network pay him for his work and he has now been paid millions of dollars.

FILE - The ViacomCBS headquarters is shown in New York's Times Square on Aug. 5, 2020. CBS News is rebuilding MTV's old "Total Request Live" studio as its headquarters for election night. The network is installing giant touchscreens and "augmented reality" displays for the big political night and says the studio provides extra roominess to put on a television show in the COVID-19 era. (AP Photo/Mark Lennihan, File)

CBS News is rebuilding MTV's old "Total Request Live" studio as its headquarters for election night. (AP Photo/Mark Lennihan, File)NEW YORK – Watch out for Britney Spears and the Jonas Bros.: CBS News is building a new high-tech election night set in the Times Square studio where MTV's “Total Request Live” ruled the music world two decades ago. Norah O'Donnell will anchor her first presidential election night, joined on the set by Gayle King, Margaret Brennan, John Dickerson and Ed O'Keefe. Shades will be drawn on the windows for the serious business of election night. On television, CBS will have Major Garrett reporting on voter integrity, Jeff Pegues on misinformation and Nancy Cordes on congressional races.

NEW YORK – ViacomCBS will rebrand its CBS All Access streaming service as Paramount Plus, set to debut early next year with new, original shows. The new service will add shows from BET, Comedy Central, MTV, Nickelodeon, other Paramount Pictures and ViacomCBS brands, in addition to what CBS All Access already offers. CBS was one of the first media companies to launch its own streaming service. Paramount Plus enters an increasingly crowded field. Disney last year launched its $7-a-month Disney Plus service.

The Anti-Defamation League and other Jewish leaders condemned what they called hurtful words and anti-Semitic theories expressed by Nick Cannon on Wednesday, a day after ViacomCBS severed ties with him for the remarks made on a podcast. The danger is that those groups get confused with other self-identified Israelites like (Rabbi) Capers Funnye, who has a congregation in Chicago, and who is very much involved with the Ashkenazim Jewish community. Until his firing, Cannon produced Wild n Out, a comedy improv series for VH1, the ViacomCBS-owned cable channel. Cooper said that Cannon should reject Farrakhans hate speech and reduce the long statement to two sentences a simple apology. First of all, apologizing to the Jewish community for questioning our identity, Cooper said.

LOS ANGELES Nick Cannon's hateful speech and anti-Semitic theories led ViacomCBS to cut ties with the TV host and producer, the media giant said. ViacomCBS condemns bigotry of any kind and we categorically denounce all forms of anti-Semitism," the company said in a statement Tuesday. It is terminating its relationship with Cannon, ViacomCBS said. We have spoken with Nick Cannon about an episode of his podcast Cannons Class on YouTube, which promoted hateful speech and spread anti-Semitic conspiracy theories, ViacomCBS said. As controversy over his podcast began to bubble up Monday, Cannon replied in a Facebook post.