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.
Putting a new test to the adage that brevity is the soul of wit, Comedy Central is partnering with Twitter for a comedy festival played out in 140 characters and 6-second videos.
Cable TV company Cablevision says that it is suing Viacom, arguing that the operator of pay-TV networks like Nickelodeon, MTV and Comedy Central is "illegally forcing" it to carry 14 channels that aren't watched very much.
(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.
(AP) -- Viacom Inc., the parent of pay TV networks MTV and Comedy Central, has settled a dispute with Time Warner Cable Inc. over whether its subscribers can watch shows like "Jersey Shore" on mobile devices while at home.
(AP) -- Google is adding 600 movies from Metro-Goldwyn-Mayer to the titles it has available for rent on YouTube and also Google Play, its digital content store for Android-powered mobile devices.
(AP) -- DreamWorks Animation SKG Inc., the maker of "Shrek," "Madagascar" and "Kung Fu Panda," is teaming up with Wal-Mart Stores Inc. to help people convert their old DVDs into an online movie library.
A US appeals court on Thursday revived a billion-dollar lawsuit filed by entertainment giant Viacom accusing Google-owned website YouTube of knowingly profiting from pirated video clips.
(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.