Viacom cruises to profit on the Bumblebee wings


Media company Viacom recorded slightly more sales in the first quarter of its financial year. The Paramount film branch in particular grew considerably. This was partly due to the Transformers film Bumblebee, which did well in the movie theaters.

Paramount saw the most growth in films that appeared in cinemas. In addition to Bumblebee, Instant Family did well with Mark Wahlberg. At the home entertainment branch sales decreased because fewer DVDs and Blu-rays were sold. The studio’s television branch also generated more sales.

The television networks, which include MTV and Nickelodeon, also grew. However, due to disappointing currency effects, this growth was canceled out again. Sales amounted to just under 3.1 billion dollars. That was an increase of 1 percent compared to the same period a year earlier. Net profit decreased to 318 million euros, 41 percent less on an annual basis due to some non-recurring expenses and reorganization costs. Despite that decline, the profit was higher than analysts had expected.

By: Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts


About us

EconomicInform, is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.