Viacom Q4 Profit Drops Despite Business Improvements

Viacom said net income in in its fiscal fourth quarter dropped, even as the entertainment company saw improvements in some of its chief revenue lines, a sign of the challenges its operations continue to face even as the parent prepared to merge with CBS Corp. in a few weeks’ time. The New York owner of [...]Veteran TV executive Ofanny Choi has been promoted to president of Celestial Tiger Entertainment. She replaces CEO Todd Miller, who will leave the company.

The Disney Plus series “The Mandalorian,” three other streaming series, and two FX series have been nominated by Hollywood union publicists for the year’s top publicity campaign. “Catch 22,” “Fosse/Verdon,” “Pose,” “Stranger Things” and “When They See Us” picked up the other nominations. The nominees for the International Cinematographers Guild Publicists’ Maxwell Weinberg Award for [...]

Maybe if they open their content to global audiences, they wont have that problem...

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CBS Earnings Drop Amid Higher Content, Streaming Spending Ahead of Viacom MergerCBS Corp. earnings exceed Wall Street estimates in likely final report before Viacom merger, company touts record third-quarter revenue is that merger that will benefit the shareholders, more then the consumers?
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CBS Sees Q3 Profit Drop on Increased Investment in ProgrammingCBS Corp. said third quarter profit dropped as investments in new series for its linear and digital outlets and costs associated with its pending merger with Viacom Inc. overcame increases in reven…
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