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Viacom Records Q2 Loss

April 30, 2015

NEW YORK: Restructuring charges of $784 million at Viacom during the second quarter resulted in the media conglomerate reporting a net loss of $53 million, as compared with a year-ago profit of $502 million. The company's overall revenues were down …

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Sony Narrows Loss, Forecasts Fiscal ’16 Profit

April 30, 2015

TOKYO: Sony Corporation is forecasting a profit of 140 billion yen ($1.2 billion) for the current financial year ending March 31, 2016, announcing improved revenues and a narrower loss for fiscal 2015. Revenues were up by 5.8 percent to 8.2 …

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Revenue, Subscriber Gains at Starz

April 30, 2015

ENGLEWOOD: Starz's subscriber base has hit a new high of 23.7 million, adding 400,000 subs in the first three months of the year, with Q1 revenues rising by 7 percent to $450.7 million. “We delivered strong year-over-year revenue and earnings …

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Netflix Orders Green Eggs and Ham TV Series

April 30, 2015

BEVERLY HILLS: The Dr. Seuss classic Green Eggs and Ham is being adapted as a TV series, which Netflix is planning to launch globally in 2018. The 13-episode series is based on the global best-selling children's book. Jared Stern (The …

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Time Warner Q1 Revenue Up

April 29, 2015

NEW YORK: Time Warner has reported a revenue increase of 5 percent to $7.1 billion in the first quarter, with growth across all divisions and a particularly strong performance from its Turner networks. First-quarter net income totaled $970 million compared to …

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IAB Report: Ad Budgets Shifting from TV to Digital

April 28, 2015

NEW YORK: According to the second annual Digital Content NewFronts: Digital Video Spend Study, 68 percent of marketers and agency executives expect to see their digital video ad budgets increase in the next 12 months, while 67 percent anticipate their …

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Deutschland 83 Among Winners at Series Mania Festival

April 27, 2015

PARIS: The winners of the 2015 edition of the Series Mania Festival include the German production Deutschland 83. Deutschland 83, produced by UFA Fiction and sold by FremantleMedia International, won the bloggers' award for best international series. Special mentions in …