Viacom profits fall 5%

Viacom mentioned Thursday internet earnings from ongoing methods fell 5% to $591 million. Revenue nosed greater 3% to $3.95 billion for your fiscal first quarter brought to December. Vital lost $31 million versus an earnings of $68 million the last year, despite a rocking year within the box office, on lower home video revenue with no bump observed around before from selling some Marvel distribution rights to Disney. Film revenue rose 4% to $1.6 billion. Operating earnings at cable systems introduced by MTV Nets elevated 7% to $1.13 billion. Revenue rose 3% close to $2.5 billion. Viacom mentioned a soft ad market was offset by simply strong affiliate fee growth. Contact the number newsroom at news@variety.com