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Viacom Inc. stock price
Viacom Inc. latest news:
BRIEF-hoopla digital announces an agreement with Viacom
hoopla digital: * hoopla digital says announced an agreement with Viacom (VIA) to add hundreds of television shows Source text for Eikon: Further company coverage:
Paramount has not received payment from Chinese studios -studio CEO
Viacom Inc's Paramount Pictures movie studio still has not received payments from the Chinese studios it entered into a financing deal with in January, Paramount Chief Executive Jim Gianopulos told investors on Friday. The snag in the funding deal comes at a delicate time for Viacom (VIA) and Paramount, which are in the midst of a turnaround strategy under Viacom's (VIA) new CEO, Bob Bakish.
UPDATE 1-Paramount has not received payment from Chinese studios -studio CEO
Sept 8 (Reuters) - Viacom Inc's Paramount Pictures
movie studio still has not received payments from the Chinese
studios it entered into a financing deal with in January,
Paramount Chief Executive Jim Gianopulos told investors on
Media sector suffers selloff after Disney, Comcast give guidance scaring investors
A handful of media stocks took a dive on Thursday after Walt Disney Co. warned that the media and entertainment company's 2017 earnings would be "roughly in line" with last year, and Comcast Corp. management told investors it is likely to lose 150,000 video subscribers during the third quarter. Comcast led the sector down, falling more than 7%, while Disney shares dropped more than 4%. Shares of Altice USA Inc. were down nearly 6% during intraday trade on Thursday, while shares of Viacom Inc. and 21st Century Fox Inc. were down more than 4%. CBS Corp. , AMC Networks Inc. and Sinclair Broadcasting Group Inc. shares fell more than 3%. Shares of Discovery Communications Inc. , MSG Networks Inc. and Dish Network Corp. were down more than 2%. In the year to date, Disney shares are down more than 6%, while shares of Comcast are up nearly 12% and the S&P 500 index is up more than 10% in the year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Disney upgraded at Wells Fargo as TV landscape transitions to direct-to-consumer streaming
Walt Disney Co.'s plans to create two direct-to-consumer platforms puts the TV landscape on an accelerated path toward more over-the-top services where content is distributed online devoid of cable subscriptions, according to Wells Fargo Analyst Marci Ryvicker. Ryvicker upgraded Disney shares to outperform from market perform. "Investors may need to start thinking about increasing exposure to those media companies with solid streaming strategies, such as CBS , Fox and Disney, and lessen exposure to those that do not, such as Viacom and Discovery Communications ," Ryvicker wrote in a note to investors. In addition to upgrading Disney, Ryvicker downgraded Viacom Inc. shares to market perform from outperform. She said there's not as much visibility into the Viacom turnaround as previously thought. "While [Viacom CEO Bob Bakish] is doing exactly what has been promised, it no longer feels as if this is enough, especially in this changing ecosystem," Ryvicker wrote. Shares of Viacom have declined close to 22% in the year to date, while Disney shares are down nearly 2% and the S&P 500 index is up more than 10%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Vanguard Speaks Softly but Carries a Big Stick
The fund goliath is engaging more with companies, and in the past year voted against management at Exxon Mobil, Viacom and Wells Fargo.
Tom Cruise breaks ankle, shutting down 'Mission: Impossible 6'
Tom Cruise broke his ankle on the set of the upcoming "Mission: Impossible 6," causing a halt in filming while the action star known for performing many of his own stunts recovers, Paramount Pictures said on Wednesday. Paramount said the movie, one of the Viacom (VIA) unit's biggest franchises, remained on schedule to open on July 27, 2018 despite the setback.
Weight Watchers and Yelp climb, while Viacom and Fluor slip
Weight Watchers International and Yelp rise, while Viacom and Fluor drop
Teva, Viacom Sink into Friday’s 52-Week Low Club
Viacom sees weak affiliate sales, shares plummet
(Reuters) - Viacom Inc, the owner of MTV, Comedy Central and Paramount, forecast low single-digit declines in affiliate sales this quarter and said Chinese studio Huahua Media delayed a payment to the company in June, sending its stock down sharply after hours.
BRIEF-Viacom sees Sept qtr domestic affiliate revenues to decline in low single digits
* Viacom Inc- operating income in filmed entertainment
returned to growth for the first time since fourth quarter 2015-
Viacom shares hit after delay in Chinese studio payments, weak ad outlook
(Reuters) - Viacom Inc, the owner of MTV, Comedy Central and Paramount, said on Thursday Chinese studio Huahua Media delayed a payment to the company in June and that it expected continued single digit declines in ad revenue this quarter, sending its stock down sharply after hours.
Viacom reports better-than-expected revenue, profit
(Reuters) - Viacom Inc , the owner of MTV, Comedy Central and Paramount, posted better-than expected quarterly revenue and profit as higher affiliate revenue offset continued declines in U.S. advertising revenue.
Viacom reports strong Q3 results as company continues revitalizing its business
Shares of Viacom Inc. rose nearly 4% in after-hours trade, following a strong fiscal third-quarter earnings report. The media and entertainment company reported net income of $680 million, or $1.69 per share, compared with $432 million, or $1.09 per share, during the same period a year ago. Adjusted earnings per share were $1.17, above FactSet's per-share consensus of $1.05. Revenue was $3.36 billion, up from $3.11 billion a year ago and above FactSet's $3.30 billion revenue consensus. Revenue at Viacom's on-the-mend media networks grew 2% to $2.56 billion, with both affiliate fees revenue and advertising revenue experiencing increases. The company said, however, that domestic revenue was substantially flat. Revenue at Paramount Pictures increased 189% year-over-year to $263 million. "Every day we are working to reinvent Viacom and revitalize its brands for the future, and the early, tangible results are encouraging," said Viacom Chief Executive Bob Bakish in a statement. "There remains much work to be done, but we will continue to build on this progress." Viacom's class B shares, owned by the public, have declined less than 1% in the year, while the S&P 500 index has gained more than 10%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Discovery reportedly top bidder for Scripps as Viacom drops out
Viacom has dropped its bid to acquire another media company, Scripps Networks Interactive.
Viacom out of the running for Scripps Networks
Viacom is out of the running to acquire Scripps Networks Interactive, leaving Discovery Communications as the only remaining suitor in talks to purchase the cable TV programmer.
Exclusive: Viacom willing to make an all-cash deal to buy Scripps Networks - sources
(Reuters) - Viacom Inc has informed Scripps Networks Interactive it is willing to pay all cash to acquire the U.S. TV network operator, people familiar with the matter said on Tuesday.
Google, Microsoft among companies urging court to back gay workers
(Reuters) - Dozens of companies, including Alphabet Inc's Google, Microsoft Corp, CBS Corp and Viacom Inc urged a federal appeals court on Monday to rule that a law banning sex discrimination in the workplace offers protections to gay employees.
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