On January 19, 2016, SpringOwl Asset Management LLC announced that it wants Viacom, Inc.'s executive chairman, Sumner Redstone to step down while the Company installs a new board and management. SpringOwl Asset Management continued that once that is done, it wants the Company to see weather Alibaba Pictures or Amazon might invest in Paramount, look at merging with AMC Networks, slash costs, and develop direct-to-consumer streaming services.