The £400 million deal between Viacom and Channel 5 was announced back in the Spring but was only completed last month.
It sees Channel 5 and its sister channels 5* and 5USA join Viacom's current UK TV portfolio which includes MTV and Comedy Central.
While auditions for Big Brother next summer are already underway - and a new Celebrity series is expected in January - the long term future of the show looks doubtful after almost fifteen years on air.
Viacom CEO Philippe Dauman warned this week that he didn't want to become over reliant on the show.
“Maybe we continue with Big Brother, maybe if for some reason that didn’t work out we have the ability to put out other great programming,” he said. “What is best direction for Channel 5? You can go too far with one genre even when it’s successful. That is one thing we’ve learned."
He cautioned: "No show is hugely popular forever so you have to keep your fingers in different pots.
"Big Brother has been a big performer we will leave it to the programming team to see where we go.”
Despite the preparations being made for future Big Brother series over the next twelve months - and declarations from host Emma Willis it will be back next year - there has yet been no official confirmation on the series renewal.