Kristin Brzoznowski

NEW YORK: Viacom reported a profit for Q3 that was down 27 percent from the last year, while quarterly revenue was up 2 percent.

NEW YORK: Time Warner has picked up a 10-percent interest in Hulu, the announcement of which coincided with the release of its quarterly financial results.

SILVER SPRING: Second-quarter revenues at Discovery Communications were up 3 percent year-on-year to $1.7 billion, with growth at the U.S. networks helping to offset declines within its international networks.

SYDNEY: Foxtel is replacing its drama network SoHo with a new channel, Binge, designed to meet the consumer demand for box-set entertainment.

LAUSANNE: The International Olympic Committee (IOC) has awarded the exclusive broadcast rights in the Caribbean to International Media Content (IMC), the parent company of SportsMax and a subsidiary of Digicel Group, for the XXIII Olympic Winter Games in PyeongChang 2018 and the Games of the XXXII Olympiad Tokyo 2020.

PARIS: Disney's Ben Sherwood, Participant Media's David Linde and STX Entertainment's Sophie Watts are confirmed as keynote speakers for MIPCOM 2016.

According to new GfK MRI research, 57 percent of TV viewers report regular binge-viewing, up 12 percent in just ten months. Nearly six in ten TV viewers say they have regularly watched three or more episodes of the same show in one sitting, be it via streaming, DVR, VOD or TV marathons.

SYDNEY: The number of homes in OzTAM's television audience measurement (TAM) panels will increase by 50 percent, thanks to a new three-year deal with Nielsen.

PARIS: In the wake of the recent tragedy in Nice, MIPCOM organizer Reed MIDEM is working to tighten security ahead of the October market and conference.

Revenues from OTT TV and video are set to reach $64.78 billion in 2021, surging from the $4.47 billion reported in 2010, according to Digital TV Research. The global OTT TV and video market generated $29.41 billion in 2015.