Viacom said Thursday that its second-quarter profit rose 4 percent, boosted by strong results at its TV networks that offset a decline at its movie-making business.
Viacom is reporting a 16 percent jump in net income for the first quarter thanks in part to smaller losses at its film division.
Viacom is reporting an 18 percent drop in second-quarter net income due to lower revenue, especially from its filmed entertainment division that includes Paramount Pictures.
In a bid to jumpstart its fledgling online entertainment system, Hollywood studios are resorting to a time-honored tactic: giving stuff away.
(AP)—The big deal for Hollywood is not the record $10.8 billion that studios took in domestically in 2012. It's the fact that the number of tickets sold went up for the first time in three years.
(AP)—Viacom says net income grew 13 percent in the most recent quarter even as revenue fell more than Wall Street expected with the lack of a strong theatrical release.
(AP)—Amazon.com's Internet video library is gaining more box-office appeal under a licensing deal with Epix that threatens to undercut Netflix leadership in a growing market that's transforming the entertainment industry.
Apple launched its iTunes Store in 12 Asian markets on Wednesday, giving consumers access to millions of songs and movies, but regional giants China, India and Indonesia were not on the list.
(AP) -- YouTube and Paramount Pictures have reached a deal to make nearly 500 films available to rent online, even while their parent companies continue to feud over a $1 billion lawsuit.
(AP) -- Wal-Mart pledged to help introduce Hollywood's emerging online movie locker system to its customers, many of whom have never owned anything digital in their lives.