Tag: Viacom

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: Viacom has reduced its financial expectations for the fiscal quarter ended June 30, citing the "disappointing" theatrical performance of Teenage Mutant Ninja Turtles: Out of the Shadows as well as a delay in completing a significant SVOD agreement.

NEW YORK: Sumner Redstone has removed five members from the Viacom board, including CEO Philippe Dauman.

NEW YORK: Viacom has recorded $303 million in net profit for the fiscal second quarter, despite a 3-percent decline in quarterly revenues.

NEW YORK: Revenues for the first fiscal quarter of 2016 declined 6 percent to $3.15 billion at Viacom, with soft performances from its Media Networks and Filmed Entertainment businesses.

NEW YORK: Viacom President and CEO Philippe Dauman has been appointed as the company's executive chairman, replacing Sumner Redstone, who becomes chairman emeritus.