|Bid||27.5100 x 1400|
|Ask||27.5200 x 1400|
|Day's range||27.4600 - 27.9207|
|52-week range||22.1300 - 36.6500|
|PE ratio (TTM)||5.49|
|Earnings date||2 May 2018 - 7 May 2018|
|Forward dividend & yield||0.80 (2.67%)|
|1y target est||34.63|
Paramount Television President Amy Powell, the executive behind such shows as “The Alienist” and “13 Reasons Why,” was ousted from the company over allegations that she made racially insensitive remarks. Jim Gianopulos, head of Paramount Pictures, said in a memo to staff that “multiple individuals came to us to raise concerns around comments made by Amy Powell in a professional setting.” After discussing the remarks with the Viacom Inc. division’s human-resources and legal teams, Paramount “made the decision to terminate Amy’s employment, effective immediately,” he said. Powell allegedly made the remarks during a discussion about the “First Wives Club” reboot, a project that features a mostly black cast, according to the Hollywood Reporter.
unit was fired Thursday for inappropriate remarks. Amy Powell, who ran the unit for five years, was let go because of comments “inconsistent with our company’s values,” said Paramount Pictures Chairman and Chief Executive Jim Gianopulos in a memo to the studio.
Some board members discussed the special dividend, designed to dilute the Redstones’ controlling interest, with Martin Lipton, the board’s veteran corporate lawyer, “any number of times over the years,’’ according to a Delaware Chancery Court filing. The filing indicates the clash between Les Moonves, CBS’s chief executive officer, and Shari Redstone, president of the controlling shareholder National Amusements Inc., over the fate of America’s No. 1 prime-time TV network has been brewing for years.
PocketWatch Raises $15 Million to Entertain Kids PocketWatch Inc. has raised a $15 million Series B led by Viacom Inc., with participation from existing investors, including Greycroft and UTA Ventures.
Viacom (NASDAQ: VIAB, VIA) flagship properties Nickelodeon and Paramount Pictures announced today a relaunch of the iconic kids’ TV series Rugrats, with a 26-episode greenlight from Nickelodeon, and a live-action film featuring CGI characters from Paramount Players. Both the TV series and the movie will include new adventures with beloved characters Tommy, Chuckie, Phil, Lil, Susie and Angelica, and will also introduce a new world of characters.
CARDI B AND THE CARTERS LEAD NOMINATIONS FOR THE 2018 “VMAS”AIRING LIVE ON MTVMONDAY, AUGUST 20 AT 9:00 PM ET/PT FROM RADIO CITY MUSIC HALL
LOS ANGELES (AP) — "Hotel Transylvania 3: Summer Vacation" has checked into the No. 1 spot at the box office in its opening weekend and left the Dwayne Johnson action thriller, "Skyscraper," in the dust.
Nickelodeon International’s Together For Good and African Wildlife Foundation (AWF) today launched their first collaboration: the Together for Good Wildlife Special, an educational mini-series created to inspire kids to raise awareness about endangered wildlife and empower them to become change-makers. In commemoration, Nickelodeon today also launched a Tanzania environment within its hit educational geography app, Dora’s Worldwide Adventure. “Our research shows that 73 percent of kids aged 6-11 think their age group has the potential to change the world for the better,1 and we want to give them the tools to do just that,” said Bradley Archer-Haynes, Vice President, Corporate Social Responsibility, Nickelodeon International.
Marvel’s “Avenger’s: Infinity War” and Pixar’s “Incredibles 2” were major contributors, with domestic grosses of $672.5 million and $439.7 million. U.S. box office revenues hit a record $3.3 billion in the second quarter, thanks to a strong run of blockbuster sequels and family-friendly films. Box office revenues from April to June are up 22.9% since the same time span last year, making the second quarter the largest quarter in cinema history.
The first half of 2018 was characterized by bickering between CBS (CBS) and Viacom (VIA) (VIAB). The Redstone family, which controls both broadcasting powerhouses through an entity known as National Amusements, has long expressed interest in merging them. In September 2016, National Amusements, whose chair is Shari Redstone, the daughter of media mogul Sumner Redstone, asked CBS and Viacom to explore a merger.
Viacom (VIA) (VIAB) is shutting down its music video channel Viva in Germany, ending the channel’s 25-year run. Axing Viva is expected to create room and free up time for Viacom’s Comedy Central channel to expand in German-speaking markets. Comedy Central and Viva currently share the same channel in Germany, where Comedy Central broadcasts for 12 hours from 2 PM to 2 AM and Viva broadcasts the rest of the time. Beginning in January next year, the Comedy Central channel will expand to 24-hour programming in Germany.
Viacom (VIA) (VIAB) has recently struck programming deals with Netflix (NFLX) and Hulu, two of the leading streaming video providers. Hulu reaches more than 20 million subscribers in the US, while Netflix has over 55.1 million premium customers in the US. The deal with Netflix involves Viacom supplying the streaming giant with network-branded shows.
Viacom Inc. announced today that on Thursday, August 9, 2018, it will issue financial results for the quarter ending June 30, 2018. The company will conduct a conference call at 8:30 a.m.
LOS ANGELES (AP) — The "Jurassic World: Fallen Kingdom" dinosaurs ruled the box office for a second weekend in a row, but also left a little room for more modest newcomers like "Sicario: Day of the Soldado" and the basketball comedy "Uncle Drew" to over-perform in the crowded marketplace.
CBS and Viacom had been going through rather tense deal negotiations when the shares got a boost from the ruling in favor of AT&T's (T) Time Warner acquisition, but now there's less optimism that the deal will happen. For his part, Miller calls an acquisition by CBS a "pipe dream" for Viacom, leading to his bearish position on the stock, which he calls a "value trap" hampered by poor programing choices and only minor changes that aren't enough to right the ship. Barron's is also more bullish on CBS's prospects without Viacom.
Streaming company Hulu has reached a partnership with media company Viacom (VIAB), giving it access to some of the latter’s library content—including hundreds of episodes and movies. The deal also includes exclusive and full streaming access to MTV’s animated sitcom Daria, a spin-off of Beavis and Butt-Head. Hulu now has access to all five of its seasons.
Roku Inc. said it is launching a marketplace where TV networks can sell commercial space that targets specific audiences, adding to an array of companies trying to make TV advertising more targeted. 21st Century Fox, AT&T’s WarnerMedia and Viacom Inc. have signed on to sell TV ad inventory in Roku’s “Audience Marketplace,” where they will be able to use its viewing data to help advertisers target specific customers.
Before AT&T Inc. Chief Executive Randall Stephenson set his sights on Time Warner Inc., he expressed interest in acquiring CBS Corp. and met with Shari Redstone, the executive whose family controls the media company, according to people familiar with the situation. At the New York meeting in 2016, Ms. Redstone, president of National Amusements Inc., which controls about 80% of the voting stock of CBS and its sister media company Viacom Inc., told Mr. Stephenson she wasn’t interested in a deal, the people said.
BET Networks, a unit of Viacom Inc. , today announced the final group of Hollywood’s hottest to take the stage at this year’s “BET Awards.” Snoop Dogg, Ledisi, Marsha Ambrosius, Sly Pyper and Tye Tribbett are set to perform while John Legend, Tyra Banks, Terry Crews, Anderson.Paak and Lakeith Stanfield will present, alongside appearances by Questlove, Wale, Markelle Fultz and Black Thought at the iconic ...
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Viacom Inc (NASDAQ:VIAB) has returned to shareholders overRead More...
Another person who witnessed the encounter saw no hug, but did see Mr. Gifford cupping Ms. Redstone’s chin and speaking to her in a demeaning paternal manner. In the two years leading up to this lawsuit, Ms. Redstone had been doing something that no American woman had ever done before: actively controlling a media empire worth more than $30 billion. As the de facto leader of National Amusements Inc., the family holding company that owns nearly 80% of the voting shares of CBS and Viacom, she calls the shots at both companies, which she lately had been trying to nudge toward a union in the face of a rapidly consolidating media industry.