Apr. 4, 2014, 4:11 AM
- David Letterman plans to retire from CBS's (CBS) "Late Show" in 2015 after three decades hosting late-night talk shows.
- Letterman, who is almost 67, announced his departure on yesterday's program. He has been third in the ratings in the much coveted 18-49 age group behind the far younger Jimmy Fallon, who replaced Jay Leno on NBC's "The Tonight Show" less than two months ago, and Jimmy Kimmel of ABC. Since taking over, Fallon has built up a solid overall lead.
- Candidates to replace Letterman include Stephen Colbert, a late-night host on Viacom's (VIA) Comedy Central, and possibly CBS's other late-night host, Craig Ferguson
- In January-September, ad revenue at the "The Tonight Show" and "Late Show" fell 9% to around $100M each, while sales at Comedy Central's "Colbert Report" rose 12.8% and at Jon Stewart's "The Daily Show" 6.8%.
Apr. 2, 2014, 9:09 AM
- Viacom (VIA, VIAB) opened its first retail store for its Nickelodean property in Panama.
- The company has no plans for Nickelodean stores in the U.S. as it sticks with a broad strategy of growing its franchises in emerging markets.
- Look for more Nickelodeaon stores in Panama along with entries into Saudia Arabia and Russia over the next year.
Mar. 26, 2014, 7:07 AM
- Global box office sales rose 4% in 2013 to $35.9B.
- China accounted for a good portion of the gain with sales rising 27% to $3.6B.
- Box office growth in the U.S. was more tepid at 1%. Movie studios (DIS, LGF, SNE, VIAB, TWX, FOXA, VIA, CMCSA) increasingly relied on tentpole releases in the U.S. as the number of titles topping the $100M mark domestically went up to 35 from 31.
- Related stocks: AMC, CKEC, CNK, RGC, MCS, RDI, AMC, IMAX, DCIN.
Mar. 20, 2014, 11:46 AM
- Viacom (VIA, VIAB) signs a partnership deal with Tumblr that will allow the company to sell advertising on both media platforms.
- The plan is to offer custom content from Viacom networks such as MTV and Nickelodean on Tumblr in order to help advertisers reach a targeted audience.
- The program will be pitched at this year's Upfront meetings.
Mar. 18, 2014, 9:00 AM
- Viacom (VIA, VIAB) has settled a case with Google over copyright violations at YouTube.
- Financial settlement terms weren't disclosed.
- Though the case was run-of-the-mill, a joint statement from the companies hints at further collaboration.
- "This settlement reflects the growing collaborative dialogue between our two companies on important opportunities, and we look forward to working more closely together."
Mar. 4, 2014, 9:29 AM| Comment!
Mar. 3, 2014, 4:57 AM
- Fox Searchlight's (FOXA) "12 Years a Slave" has won the Oscar for the Best Picture and picked up two other Academy awards.
- Warner Bros' (TWX) "Gravity" received the most gongs with seven Oscars, including Best Director for director Alfonso Cuaron.
- Disney's (DIS) "Frozen," which has taken over $1B at the box office, took Oscars for best animated feature film and original song.
- However, Paramount Pictures' (VIAB) "The Wolf of Wall Street" failed to win any awards despite five nominations, while "American Hustle" came away empty handed despite 10 nominations.
- Host Ellen DeGeneres caused Twitter (TWTR) to crash briefly after posting a star-studded selfie that was retweeted over 2M times, setting a new record.
Mar. 2, 2014, 3:48 AM
- Viacom (VIA), Discovery Communications (DISCA) and Scripps Networks (SNI) have bid for U.K. TV broadcaster Channel 5, the FT reports.
- Saban Capital, the media-focused private equity group, has also made an offer.
- The value of the proposals couldn't be obtained, but Channel 5 owner Richard Desmond is seeking £700M ($1.17B).
- It wasn't clear if BSkyB (BSYBF) was part of the Discovery bid after an earlier FT report linked the companies for a Channel 5 offer.
Jan. 30, 2014, 12:04 PM
- Media stocks are notable out-performers today as earnings report in the sector continue to come in favorable and more content deals across platforms and geographic regions signal more revenue potential for companies on the content side.
- Advancers: CBS (CBS) +4.0%, Disney (DIS) +3.2%, Twentieth-Century Fox (FOXA) +4.7%, Lions Gate (LGF) +3.7%, Viacom (VIAB, VIA) +4.5%, Time Warner (TWX) +2.9%.
- Related ETFs: PBS
Jan. 30, 2014, 7:02 AM
- Viacom (VIA, VIAB) saw its quarterly profit increase in FQ1 on a steady revenue gain.
- The company saw revenue in its Media Networks segment rise 6% to $2.54B, led by higher affiliate fees and advertising revenues.
- Filmed Entertainment revenue fell 30% to $681M with fewer movie releases during the period.
- PR (.pdf)
Jan. 29, 2014, 1:44 PM
- Viacom (VIA, VIAB) and Fox (FOXA) ask a federal judge to include the companies in a landmark ruling from 2006 that requires tobacco companies to broadcast educational commercials on major broadcast networks.
- The case for both companies is strong: Viacom and Fox have a high percentage of young viewers watch programming on its popular networks.
- Attorneys for Altria (MO -1.2%), R.J. Reynolds (RJR), and Lorillard (LO -1.2%) contend that the legal response came too late.
Jan. 26, 2014, 3:24 AM
- Viacom's (VIA) top there executives enjoyed a jump in compensation of 28% in 2013 to a total of $102.4M.
- The salary package of Chairman and founder Sumner Redstone rose to $36.2M from $20.4M and that of CEO Philippe Dauman climbed 11% to $37.2M. The earnings of COO Thomas Dooley increased 11% as well, to $29.1M.
- The compensation includes salaries, cash bonuses and pensions, and the value of stock and option grants awarded in previous years. The execs' basic salaries stayed the same.
- The company said that the salaries "reflects more than $10.5B delivered to owners of Viacom shares in fiscal 2013."
Jan. 23, 2014, 10:31 AM| Comment!
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Dec. 23, 2013, 8:48 AM| Comment!
VIA vs. ETF Alternatives
Viacom Inc is an entertainment content company. It connects with audiences in 165 countries and territories and creates television programs, motion pictures, applications, games, consumer products, social media & other entertainment content.
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