Wednesday, July 17, 2019

AS DVD SALES SINK, SO DO ACTORS’ SALARIES

September 20, 2012 by · Leave a Comment 

If movie stars are no longer able to command fees of tens of millions of dollars from studios, they can blame the slump in DVD and Blu-ray Disc sales, Viacom chief Philippe Dauman indicated on Wednesday. Speaking at an investors conference in New York, Dauman said that while revenue from digital platforms has helped to […]

VIACOM’S PROFITS NOSEDIVE

February 2, 2012 by · Leave a Comment 

Viacom, whose media companies include Nickelodeon and the MTV and Turner cable channels as well as Paramount Pictures, said today (Thursday) that its profit plunged 65 percent in the last quarter, attributing the fall to a one-time $379-million charge to cover an arbitration award to shareholders of “Rock Band” videogame maker Harmonix. Excluding the Harmonix […]

NICKELODEON: WHERE DID ALL THE KIDS GO?

November 29, 2011 by · 2 Comments 

When Viacom released its third-quarter results earlier this month, CEO Philippe Dauman described the steady loss of viewers at its Nickelodeon kids channel as “inexplicable.” Now new data from Nielsen Research showing a 1.7 percent overall rise in preteen TV viewers make the Nickelodeon losses appear even more inexplicable. Today’s (Tuesday) Wall Street Journal observes […]

VIACOM EXECS HIGHEST PAID IN U.S. MEDIA

May 30, 2011 by · Leave a Comment 

The three highest-paid media executives in 2010 all worked for companies controlled by Sumner Redstone’s National Amusements, the Los Angeles Times observed today (Monday) citing figures by Redwood City, CA., executive compensation research firm Equilar Inc. The three are Viacom CEO Philippe Dauman, who drew the largest compensation package of any U.S. executive: $84.5 million; […]

MTV CHIEF RESIGNS — WAS SHE FORCED OUT?

May 6, 2011 by · 1 Comment 

In what several reports suggested was the end of an era, Judy McGrath resigned Thursday as CEO of Viacom’s MTV Networks, which include MTV, VH1, Nickelodeon and Comedy Central. It was not clear whether she was pushed or jumped. McGrath’s history at MTV goes back to its origins as a video jukebox 30 years ago, […]

PARAMOUNT TICKET SALES UP, DVD SALES WAY DOWN

February 4, 2011 by · Leave a Comment 

Paramount had what can only be described as a sensational fourth quarter at the box office, with such hits as True Grit, Little Fockers, Megamind, and The Fighter boosting the studio’s revenue fourfold over the same period a year ago to $416 million. But it all amounted to little as revenue from DVD and Blu-ray […]

VIACOM CHIEF: NO PARAMOUNT MOVIES FOR APPLE TV

September 27, 2010 by · Leave a Comment 

Paramount movies and Viacom’s cable programs won’t be coming to iTunes or Apple’s new Apple TV device if Steve Jobs sticks to his 99-cent pricing. As reported by Home Media Magazine, Viacom CEO Philippe Dauman told an investor group in New York last week: “We don’t think that works for us. We don’t think that […]

DELAYING CHEAP DVD RENTALS DOES NOTHING, SAYS PARAMOUNT

August 5, 2010 by · 2 Comments 

“Of course, we are not all the way back, but the horizon is brighter,” Viacom Chairman Sumner Redstone remarked today (Thursday) in discussing a strong surge in profits for his company, which includes the Paramount film studio as well as cable channels MTV, Nickelodeon, and Comedy Central. Net earnings soared 52 percent to $420 million […]