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. https://www.mesalliance.org/2018/11/16/ott-provided-a-q4-boost-for-viacom/
blog article
OTT PROVIDED A Q4 BOOST FOR VIACOM
The strong performance of “Mission: Impossible – Fallout,” combined with growth in revenue from over-the-top (OTT) streaming and other digital services, helped Viacom report stronger quarter in its fourth quarter (ended Sept. 30) than it did a year earlier, according to the company.Paramount Pictures growth has brought the film studio “within striking distance of break-even for the full year,” Viacom CFO Wade Davis said Nov. 16 on an earnings call. “Growth in the quarter was driven by” the virtual multichannel program distribution (VMPD) contribution, growth in digital and OTT revenue, and rate increases, while Viacom also benefited from the multi-platform expansion of products tied to its intellectual property, he said.Paramount has a “diverse slate” of 13 theatrical releases planned for fiscal 2019, up from nine this year, and will include the latest “Transformers” movie (“Bumblebee”) and a live-action “Dora the Explorer” film, James Gianopulos, CEO and chairman of Paramount Pictures, said on the call. Five of the 13 movies will be co-branded Paramount and Viacom, while the rest will be from its main production division alone, he noted. READ MORE