November 15, 2012 |
Katy Perry wasn't enough to boost revenue for media company Viacom Inc. The New York-based cable television giant Thursday reported 13% higher fiscal fourth-quarter earnings but revenue plummeted 17% because the company, through its Hollywood-based movie studio Paramount Pictures, released only one film during the period: "Katy Perry: Part of Me. " For the quarter ended Sept. 30, Viacom posted net income of $650 million, or $1.26 per share, compared to $576 million, or $1 per share, in the year-earlier period.
November 15, 2012 |
Wall Street analysts are nervous about Viacom Inc.'s short-term growth amid a ratings slump at the company's key television networks. Ratings are down about 30% this season at MTV, the company's signature cable channel. The youth-skewing network also is losing its juggernaut franchise "Jersey Shore," which could make matters worse. And for the last year, Viacom's other major cash cow, Nickelodeon, has been struggling to stop the flight of young viewers. TV networks provide about 90% of the Viacom's profits. On Thursday, Wells Fargo media analyst Marci Ryvicker was blunt during a conference call with analysts to discuss the company's fiscal fourth quarter.
July 18, 2012 |
DirecTV has fired back at Viacom Inc., saying it is the programmer's desire to force the satellite broadcaster to carry its movie channel Epix that has caused a breakdown in their negotiations for a new deal. In a statement, DirecTV spokesman Robert Mercer said the company had reached a new agreement in principle Tuesday to carry Viacom's cable channels, including MTV, Comedy Central and Nickelodeon. Then, Mercer said, Viacom tried to force carriage of its pay movie channel Epix as part of the contract at a cost of more than $500 million.
August 11, 2010 |
Viacom Inc. on Wednesday said it planned to appeal a federal court decision in its copyright infringement case against Google Inc.'s YouTube video website. In June, U.S. District Judge Louis Stanton declared that YouTube had not violated copyright laws because the website promptly removed pirated videos when requested by rights holders such as Viacom. Viacom's notice to appeal, filed in the U.S. Court of Appeals for the Southern District of New York, was not the full appellate brief outlining Viacom's legal arguments, which is expected later this fall.
April 6, 2012
A federal appeals court has given Viacom a second chance to prove its copyright infringement claims against Google's YouTube, reviving a high-stakes battle between entertainment companies and Internet entrepreneurs over "user-generated content" sites. The decision Thursday by the 2nd Circuit Court of Appeals was a partial win for both sides, but it left a few important issues unsettled as it tried to strike the right balance between competing interests. Viacom — a giant entertainment conglomerate whose assets include Paramount Pictures and Comedy Central — alleged that YouTube made more than 60,000 snippets of its content available for free, damaging the market for its movies and TV shows.
January 22, 2011 |
The three top executives of media company Viacom Inc. received a total compensation of nearly $165 million in fiscal 2010, underscoring that despite tougher times for the entertainment business, the industry's executives continue to rank among the highest paid in America. The disclosures came in a Securities and Exchange Commission filing by Viacom, which owns Paramount Pictures and cable television channels MTV, Nickelodeon and Comedy Central. Chief Executive Philippe Dauman was awarded salary, stock and other benefits totaling $84.5 million in the fiscal year, which comprised the first nine months of 2010, according to the documents filed Friday.
July 11, 2012 |
DirecTV has received a show of support from an unusual source in its feud with Viacom over a new deal to carry the media giant's cable channels including MTV, Comedy Central and Nickelodeon. Cox Communications Inc., the nation's fifth-largest cable operator with almost 5 million subscribers and a competitor to DirecTV, says the satellite broadcaster is right to fight Viacom's push to raise the price tag to carry its networks. In a statement, Bob Wilson, a senior vice president of Cox Communications, said the fight is indicative of bigger market forces at work that need to be addressed.
April 19, 2013 |
After the coffee. Before spending another day glued to TV news. The Skinny: Since ESPN has the Redskins for its opening Monday night game, the scheduling gurus at the NFL must be pretty confident that quarterback Robert Griffin III will be fully recovered from his knee injury. Hope they are right. Friday's headlines include the box-office preview, YouTube's latest legal win over Viacom and reviews of "Oblivion" and "Hemlock Grove. " Daily Dose: The Emmy Awards will be a little bit longer this year.
February 27, 2013 |
After the coffee. Before seeing my accountant. The Skinny: I finally got a new BlackBerry. Laugh away, but I like having a keypad. Wednesday's stories include the start of a civil war in the TV business, a look at new Dodgers owner Guggenheim Partners, and DreamWorks taking a big write-down. Daily Dose: The battle among business news channels is heating up. In recent weeks, CNBC bookers (the folks who line up guests) have been telling people they can't come on CNBC if they also go on Fox Business or Bloomberg.
August 27, 2012 |
After the coffee. Before figuring out where the summer went. The Skinny: I saw "Premium Rush,"the Joseph Gordon-Levittbike messenger movie and was pleasantly surprised. I also saw "Bachelorette" and was very disappointed. Win some, lose some. Monday's headlines include the recap of the weekend box office, the latest in the legal battle between the broadcasters and Dish Network and how Viacom is fighting low ratings by adding more commercials. Daily Dose: Politico, the Capitol Hill-obsessed news outfit, is hoping steal some Web traffic and maybe even some TV ratings from the big boys during the upcoming political conventions.