Tuesday, February 09, 2016
Viacom CEO: Paramount in 'Brief Income Slump'
Paramount Pictures Feb. 9 reported a first-quarter (ended Dec. 31, 2015) operating loss of $146 million, which was up 143% from a previous-year loss of $60 million. Revenue dropped 15% to $612 million as a result of underperforming theatrical and home entertainment units.
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