With Paramount Pictures no longer for sale, new Viacom CEO Bob Bakish says the venerable studio will play bigger role as the media company focuses resources on select flagship brands domestically and abroad.
Best Buy March 1 reported same-store entertainment sales dropped 18.6% in the fourth quarter (ending Jan. 28), compared to a slight increase during the previous-year period. The category represented 9% ($1.1 billion) of Best Buy’s $12.3 billion in domestic revenue, down from 11% ($1.3 billion) a year earlier.
