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It’s so iconic that the man who invested the Line “content is King ” and longest Owner of the Viacom and Paramount Studio Sumner Redstone’s has managed to beat all projects in the final Quarter as Action Content has saved the day for the oldest Studio in the history of Cinema.
As per sources though earnings declined by 42% from the year-ago period however it did come in at 96 cents, a penny ahead of Wall Street estimates. Revenue increased 5% to 7% to make $3.5 billion, ahead of analysts’ projection of $3.37 billion.
Paramount put up $985 million( as per studio) in revenue in the period ending September 30, a 28% jump from the same quarter a year ago. Operating profit came in at $39 million, compared with effectively break even in the last quarter of fiscal 2017.
The performance of Mission: Impossible – Fallout helped the studio get a seventh straight quarter of year-over-year gains in adjusted operating income. Though Other films were released the Lions Share has been contributed by Mission Impossible fall out.
Television was not far behind, this year one of the highest consumed series in the debut space was Tom Clansy’s Jack Ryan Amazon Prime, helping full-year revenue rise 127% to more than $400 million. The company said it expects to deliver 16 series in 2019, of which nine will be in the Action Hybrid Space and with an expected revenue growth of 50%.
Bob Bakish CEO of Viacom was extremely happy with it’s new turn of Events . CEO of Paramount Jim Gianopolus was brought in on the demise of EX CEO Brad Gray . Since his arrival he has brought in his Old Pal James Cameron to reboot the Terminator franchise along with Green lighting a host of tentpoles.
Looks like Viacom has found it’s groove once again , Sony turned around it’s fortunes with the success of Venom , Equalizer 2 and Sicario 2 and so will paramount.
Content is King , But Action content will always be King…
We at amdb,in wish the entire team all the very best.
Disclaimer- The reviewer is well respected as an Action connoisseur in global action communities. Amdb (Action movie Data Base) is a site solely designed to review and promote “only” action Films. The reviewer has served as an action consultant to many Action films. He is graduate in advance screen writing. And Above all he know’s what the F he’s talking about.
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