Paramount Pictures Box Office Growth Pushes Viacom Beyond Q1 Forecasts

Bob Bakish, President and Chief Executive Officer, said, Today we share a strategy that will enable Viacom to realize the full potential of its premier global portfolio of entertainment brands.

Building on our leading domestic and growing international footprint, this strategy will expand the depth and reach of our flagship brands across multiple platforms and around the world, while also providing for more competitive differentiation and increased adaptability for our business overall.

Viacom’s first quarter results reflect improvement in our core businesses, with increases in revenues and operating cash flow, continued strong international performance, including initial contributions from the acquisition of Telefe, and a return to positive growth in affiliate revenues.