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Viacom emerging as content supplier as other media companies

Y2kTheNewOldies

Y2kTheNewOldies

https://www.fiercevideo.com/video/v...media-companies-look-to-go-direct-to-consumer


As Disney and WarnerMedia plot big direct-to-consumer product launches for 2019, Viacom is assuming a role as a content supplier for streaming services.

The company described its fiscal fourth-quarter results as indicative of its shift toward becoming a global supplier of multiplatform content for both in-house and third-party platforms. That transformation is beginning to pay as Viacom raised its consolidated revenues by 5%.

“We also took important steps to evolve Viacom for the future—investing in our portfolio of advanced marketing solutions, digital and experiential offerings and global studio production business. As we head into 2019, we are excited about the company’s evolution and expect to return to topline growth,” said Viacom CEO Bob Bakish in a statement.


Viacom’s digital growth is being driven by its $1 billion studio production business. MTV Studios, launched in June, is bringing back MTV’s “The Real World” for Facebook, and Nickelodeon is reviving “Avatar: The Last Airbender” for Netflix. Viacom’s newly acquired Awesomeness produced Netflix’s “To All The Boys I’ve Loved Before” and Viacom International Studios announced two new series for Amazon earlier this week.
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According to the article it mentions Viacom's broadcasting contract with Netflix with some shows.
 
After five years of terrible losses and the stock price losing more than half of its value.

What they haven't done is created anything new of value. They're just putting their stuff on other people's platforms.

They've been down so long, it looks like up. One of the worst run media companies in the world.
 
TheBigA said:
After five years of terrible losses and the stock price losing more than half of its value.

What they haven't done is created anything new of value. They're just putting their stuff on other people's platforms.

They've been down so long, it looks like up. One of the worst run media companies in the world.
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I know the Viacom/CBS talks are still at play here but once the current CBS management agrees with National Amusements to merge with Viacom. Wouldn't Viacom shift most of their content over to All Access if the CBS/Viacom deal goes is approved.
 
RadioPatrol said:
I know the Viacom/CBS talks are still at play here but once the current CBS management agrees with National Amusements to merge with Viacom. Wouldn't Viacom shift most of their content over to All Access if the CBS/Viacom deal goes is approved.
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Depends in the All Access app is a good deal. We'll see how many Moonves initiatives survive.

BTW it will take more than CBS management to agree to the deal. It also has to pass muster with the stockholders. Yes I know Shari & family have over 50%.
 
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