Media giant Viacom Inc. on Monday announced a round of layoffs and restructuring that will result in it booking $785 million in special expenses in its recently ended quarter.
Viacom CEO Philippe Dauman's pay climbed 19 percent to $44.3 million last year while the TV-and-film company's stock slumped and its earnings remained flat.
SpongeBob fans rejoice: Nickelodeon is the latest cable channel to plan a stand-alone Internet offering.
Google and Viacom announced a settlement Tuesday in a long-running lawsuit claiming the Internet giant's YouTube video-sharing site promoted copyright infringement.
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.
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.
A US judge dismissed for the second time a billion-dollar lawsuit by entertainment giant Viacom accusing Google-owned website YouTube of knowingly profiting from pirated video clips.
A lawyer for Viacom Inc. warned an appeals court panel Tuesday that there will be greater exploitation of copyright material on the Internet if the court lets YouTube get away with a business built on "rampant copyright infringement."
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's fourth-quarter net income rose 24 percent, helped by the success of the film "World War Z" and greater advertising revenue.