Moody’s has issued a report criticising media giant Viacom and downgraded its credit rating. The credit ratings agency said that it views the media giant’s decision to accelerate a share repurchase scheme a direct result of slowing revenue growth and noted it “appears to be a one-time effort to smooth over the anemic growth by […]
Amazon has signed a multi-year video licensing deal with Viacom, giving Amazon Prime Instant and Lovefilm viewers access to TV shows from MTV, Comedy Central, Nickelodeon and Nick Jr. Much of the Viacom content would have been carried on Netflix, but the streaming service said earlier this year it was letting the deal expire. The […]
MTV and Nickelodeon owner Viacom has seen revenues fall 6% year-on-year in its second quarter results, but is planning to invest more in original content across its improving TV channels business. Q2 revenues to March 31, 2013, were US$3.14 billion compared with US$3.31 billion in 2012, on top of operating income down 9% at US$847 […]
