Monday, July 14, 2025
MediaNews4U
  • Exclusive
  • Advertising
  • Media
    • Radio
    • Cable & DTH
    • Print
    • Digital Frontier
    • Gaming Nexus
  • Television
  • OTT
  • Ad-Tech
  • Marketing
  • Campaigns
  • Analysis
  • Opinion
    • Opinion
    • Think Through
    • Prescience 2023
    • Prescience 2024
  • People
  • Events
    • Leader Speak
    • STRAIGHT TALK
    • Gamechangers
    • Print & TV Summit
MediaNews4U
  • Exclusive
  • Advertising
  • Media
    • Radio
    • Cable & DTH
    • Print
    • Digital Frontier
    • Gaming Nexus
  • Television
  • OTT
  • Ad-Tech
  • Marketing
  • Campaigns
  • Analysis
  • Opinion
    • Opinion
    • Think Through
    • Prescience 2023
    • Prescience 2024
  • People
  • Events
    • Leader Speak
    • STRAIGHT TALK
    • Gamechangers
    • Print & TV Summit
MediaNews4U.com
Home Featured

Viacom Operating income declined 16%; unveils five-point strategic plans

by MN4U Bureau
February 10, 2017
in Featured, International
Reading Time: 2 mins read
A A
Viacom Operating income

Viacom Operating income declined 16%

Share Share ShareShare

With a decline of 16% in ita Operating income, Viacom has provided an update on the company’s strategic priorities, with a five-point plan that includes putting its “full power” behind six flagship brands: BET, Comedy Central, MTV, Nickelodeon, Nick Jr. and Paramount.

ADVERTISEMENT

Spike will be rebranded in early 2018 as The Paramount Network and will serve as Viacom’s premier general-entertainment brand. The network will showcase the very best in Viacom original scripted and non-scripted programming and incorporate more original and third-party programming. Also, the company announced a commitment between Nickelodeon and Paramount to move forward on a slate of four films. The first of these movies, Amusement Park, will premiere in theaters in summer 2018 and will launch a TV series on Nickelodeon the following year.

The company plans to invest in new content experiences and will establish its first-ever dedicated short-form content unit. The company will also look to further extend the reach of Viacom’s brands through live experiences and consumer products.

In order to drive its scale, market strength and financial flexibility, the company is refocusing its approach to partnerships and is committing to “deeper, more client-centric relationships” with distribution and advertising partners. These partnerships may include working with distributors to create new and improved pay-TV experiences or broadening advertising offerings to include cross-portfolio access.

Bob Bakish
Bob Bakish

Bob Bakish, the president and CEO of Viacom, said, “Today we share a strategy that will enable Viacom to realize the full potential of its premier global portfolio of entertainment brands. Building on our leading domestic and growing international footprint, this strategy will expand the depth and reach of our flagship brands across multiple platforms and around the world, while also providing for more competitive differentiation and increased adaptability for our business overall. There is much work to be done, but we are confident we have the plan and people to take our brands to greater heights and build a bright future for our company.”

Revenues in the first fiscal quarter at Viacom were $3.32 billion, an increase of 5 percent year-on-year. There were improved theatrical revenues, a return to growth in domestic affiliate revenues, continued strength internationally and ancillary revenue growth. Operating income declined 16 percent to $706 million, and adjusted operating income was down 11 percent to $748 million. Net earnings attributable to Viacom declined to $396 million, and adjusted net earnings attributable to Viacom declined to $413 million.

“Viacom’s first quarter results reflect improvement in our core businesses, with increases in revenues and operating cash flow, continued strong international performance, including initial contributions from the acquisition of Telefe, and a return to positive growth in affiliate revenues,” Bakish said. “We are already benefiting from changes made early in the second quarter and seeing green shoots in our strongest businesses, as well as those that are poised for a turnaround. As we implement our strategy across the company, we believe we can drive significant value for shareholders.”

Tags: Bob BakishViacomViacom Operating income declined 16%

RECENT POSTS

Former Global CEO of EssenceMediacom, Nick Lawson, Joins i-media as Chairman
International

Former Global CEO of EssenceMediacom, Nick Lawson, Joins i-media as Chairman

July 8, 2025
0

London: In a strategic move signalling its ambitions for accelerated growth and industry leadership, omnichannel media owner i-media has appointed...

Read more
Omnicom Media Group shines at Cannes with 83 Lions and 8 key partnerships
International

Omnicom Media Group shines at Cannes with 83 Lions and 8 key partnerships

June 25, 2025
0

Mumbai: Omnicom Media Group (OMG), the media services division of Omnicom, wrapped up the 2025 Cannes Lions International Festival of...

Read more
HighField AI Partners with CGI to Streamline Broadcast Graphics Workflow for OpenMedia Newsrooms
International

HighField AI Partners with CGI to Streamline Broadcast Graphics Workflow for OpenMedia Newsrooms

June 18, 2025
0

London:  HighField AI, the industry’s first multimodal, agentic AI solution purpose-built for broadcast newsrooms, has announced its integration with CGI...

Read more
Havas unveils AI-powered product suite as it accelerates tech transformation
International

Havas unveils AI-powered product suite as it accelerates tech transformation

June 17, 2025
0

Mumbai: Havas has taken a bold leap forward in its AI transformation journey, unveiling a fully AI-powered product suite and...

Read more
WPP and TikTok Integrate Symphony AI into WPP Open to Supercharge Creative Solutions
International

WPP and TikTok Integrate Symphony AI into WPP Open to Supercharge Creative Solutions

June 16, 2025
0

MUMBAI: WPP is amplifying its partnership with TikTok. It has become the first advertising and marketing services company to integrate...

Read more
Football Dominates Global Sports Landscape with 51% Fandom, Nielsen Finds
International

Football Dominates Global Sports Landscape with 51% Fandom, Nielsen Finds

June 14, 2025
0

Nielsen, the global authority in audience measurement, data, and analytics, has released its much-anticipated 2025 Global Sports Report, mapping a...

Read more

LATEST NEWS

Moneyboxx Finance appoints Raj Bans Lal as National Credit Head

Moneyboxx Finance appoints Raj Bans Lal as National Credit Head

July 14, 2025
CyberPowerPC India looks to guide gamers and parents through esports by holding a special 'Esports Masterclass' series

CyberPowerPC India looks to guide gamers and parents through esports by holding a special ‘Esports Masterclass’ series

July 14, 2025

ANALYSIS

A Tale of Two Finals: How India’s Absence Impacted Ad Volumes in ICC Test Championship 2025
Analysis

A Tale of Two Finals: How India’s Absence Impacted Ad Volumes in ICC Test Championship 2025

July 12, 2025
0

The ICC Test Championship Final is not just a battle for the crown of cricket’s purest format — it’s also...

PEOPLE

Moneyboxx Finance appoints Raj Bans Lal as National Credit Head
People

Moneyboxx Finance appoints Raj Bans Lal as National Credit Head

July 14, 2025
0

Mumbai: Moneyboxx Finance Limited, a BSE-listed NBFC dedicated to bridging the credit gap for micro and small enterprises in underserved...

MARKETING

Knauf India names Gaunik Jeet Singh as Head of Marketing
Marketing

Knauf India names Gaunik Jeet Singh as Head of Marketing

July 12, 2025
0

New Delhi: Knauf India, a leading provider of Drywall and Ceiling Solutions, has announced the appointment of Gaunik Jeet Singh as...

Subscribe to Newsletters

ADVERTISING

PROHED bags Digital Mandate from NAVNEET TOPTECH
Advertising

PROHED bags Digital Mandate from NAVNEET TOPTECH

July 11, 2025
0

Mumbai: PROHED, a performance marketing agency based in Gurugram, has been awarded the digital marketing mandate for NAVNEET TOPTECH, the...

PRINT

Vikatan Group MD B Srinivasan to Speak at FIPP World Media Congress on Deepening Audience Connections
Media

Vikatan Group MD B Srinivasan to Speak at FIPP World Media Congress on Deepening Audience Connections

June 27, 2025
0

Chennai: As Indian media house Vikatan Group approaches its centenary, Managing Director B Srinivasan is set to speak at the...

AUTHOR'S CORNER

Why the Future Belongs to Integrated Agencies That Can Think, Create, and Execute Under One Roof
Authors Corner

Why the Future Belongs to Integrated Agencies That Can Think, Create, and Execute Under One Roof

July 14, 2025
0

In a world where trends shift in days, algorithms evolve by the hour, and consumers are flooded with content every...

UPLIFT MEDIANEWS4U DIGITAL PVT LTD
No. 194B , Aram Nagar 2, JP Road,
Versova, Andheri West
Mumbai - 400061

For editorial queries:
[email protected]
[email protected]

For business queries:
Smitha Sapaliga - +91-98337-15455
[email protected]

Recent News

First look of Anupam Kher as Mahatma Gandhi in 'The Bengal Files' revealed in AAP KI ADALAT

First look of Anupam Kher as Mahatma Gandhi in ‘The Bengal Files’ revealed in AAP KI ADALAT

July 14, 2025
Moneyboxx Finance appoints Raj Bans Lal as National Credit Head

Moneyboxx Finance appoints Raj Bans Lal as National Credit Head

July 14, 2025
CyberPowerPC India looks to guide gamers and parents through esports by holding a special 'Esports Masterclass' series

CyberPowerPC India looks to guide gamers and parents through esports by holding a special ‘Esports Masterclass’ series

July 14, 2025

Newsletter

Subscribe to Newsletters

Medianews4u.com © 2019 - 2024 All rights reserved.

  • The South Side Story 2023 Download Report
  • Goafest 2023: Day 3
  • Goafest 2023: Day 2
  • Goafest 2023: Day 1
  • Straight Talk Gallery 2022
  • The South Side Story 2022 Download Report
  • Focus 2022
  • Futurescope Conclave Gallery 2022
  • The South Side Story 2021 Download Report
  • FOCUS 2021
  • Exclusive
  • Exclusive
  • Advertising
  • Media
    • Radio
    • Cable & DTH
    • Print
    • Digital Frontier
    • Gaming Nexus
  • Television
  • OTT
  • Ad-Tech
  • Marketing
  • Campaigns
  • Analysis
  • Opinion
    • Opinion
    • Think Through
    • Prescience 2023
    • Prescience 2024
  • People
  • Events
    • Leader Speak
    • STRAIGHT TALK
    • Gamechangers
    • Print & TV Summit

Medianews4u.com © 2019 - 2024 All rights reserved.