Philippe Dauman

10-Q Watch: Studios Sink About $34 Million Into Premium Movie Channel JV; Investment Could Climb

So much has been written about the new premium movie channel that is supposed to be launched jointly by Viacom (NYSE: VIA) with MGM, Lionsgate and its own Paramount Pictures in the fall of 2009, including the fact that it may...

Rock Band Series Explodes, Harmonix Founders To Benefit

If you're a fan of really big numbers, pay attention. See, back in 1995, two college buddies from MIT - Alex Rigopulos and Eran Egozy - founded Harmonix, and it was their goal to bring the world of popular music into the...

Shhhhhh! Media, Tech Moguls Meeting Today. Don’t Tell Anyone! [MediaMemo]

Under normal circumstances, if the CEOs of big companies like Cisco, Microsoft, and Comcast speak in front of an audience of bigwigs, it's news. But you're unlikely to hear what John Chambers, Steve Ballmer and Brian Roberts...

GREEN INKS VIACOM

ENTERTAINMENT giant Viacom won't be leaving the bright lights of Times Square after all. The Sumner Redstone-controlled company has quietly inked a deal to renew its lease for over 1 million square feet at SL Green's 1515...

CNET: Feature Films Coming To YouTube

YouTube will begin offering feature films produced by at least one of the biggest Hollywood movie studios possibly as early as next month, according to an executive with a major entertainment company.

Video Game Investment Costs Viacom Chief Dearly

At 85, Sumner Redstone may be the world's oldest video game addict. In recent weeks, the chairman of Viacom and CBS has been forced to sell more than $200 million worth of stock in his companies after a margin call from...

Viacom: No Layoffs Yet. But No Hiring, Parties, Either [MediaMemo]

Layoff rumors have swirled around Viacom for most of the fall. And one day they may even prove true: At this point it’s a reasonable assumption that every major media company is pencil-sharpening. Gawker did get its hand on a...

Viacom Earnings Slip 37% from Ad Slump, Declining MTV

Viacom’s Q3 profit plummeted 37% from the same period a year ago; net income fell from $641 million in the third quarter of 2007 to $401 million. Domestic ad sales fell 3%, compounding the effects of a ratings slide taking...

News: Rock Band shines in gloomy Viacom results

While Viacom's third quarter results were generally poor due to bad movie and TV performance, sales of Rock Band were a highlight for the media giant. Overall profits for the company were down from USD 641 million to USD 401...

Viacom blames economy for 37% profit drop

Media giant Viacom has blamed "the economic environment and ongoing uncertainty," after posting third quarter figures showing profit down a whopping 37%. Its third quarter profit fell to US$401m, or 65 cents per share, from...

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