SVOD Deal in Limbo Partially to Blame for Down Quarter, Viacom Says
A delay in wrapping up a major subscription VOD agreement and the underperforming Teenage Mutant Ninja Turtles: Out of the Shadows will mean down earnings for Viacom for the quarter ending June 30, the company said in a news release…
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Friday. The company said Q3 earnings, to be reported Aug. 4, will likely show adjusted diluted earnings per share of $1-$1.05; Q3 2015 brought adjusted diluted EPS of $1.47.