Viacom fiscal 2Q net income up 16 pct

Viacom is reporting a 16 percent jump in net income for the first quarter thanks in part to smaller losses at its film division.

Viacom 2Q profits fall, but beats expectations

Viacom is reporting an 18 percent drop in second-quarter net income due to lower revenue, especially from its filmed entertainment division that includes Paramount Pictures.

Ticket rush: Film fans hand Hollywood record cash

(AP)—The big deal for Hollywood is not the record $10.8 billion that studios took in domestically in 2012. It's the fact that the number of tickets sold went up for the first time in three years.

Paramount to add 500 films to YouTube rentals

(AP) -- YouTube and Paramount Pictures have reached a deal to make nearly 500 films available to rent online, even while their parent companies continue to feud over a $1 billion lawsuit.

Amazon in streaming video deal with Viacom

Amazon announced a deal with entertainment giant Viacom on Wednesday, building up its arsenal of television shows as it takes on video streaming market leader Netflix.

Viacom 1Q earnings shredded by 'Rock Band'

(AP) -- Viacom Inc., the owner of Paramount Pictures, MTV and Comedy Central, on Thursday posted a 65 percent drop in net income for the latest quarter, as it took a charge related to the "Rock Band" series of video games.

Viacom 4Q earnings, revenue up on 'Transformers'

(AP) -- Viacom says it turned the success of "Transformers: Dark of the Moon" into a pile of money in its latest quarter, as earnings tripled and revenue grew 22 percent.

Canon offers new camera for Hollywood filmmakers

(AP) -- Four decades after winning Academy Awards for its cinema lenses, Canon Inc. was back in Hollywood on Thursday, unveiling a new high-end digital video camera before an audience of some of the world's most famous filmmakers.

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