Documents in Viacom's $1-billion lawsuit against YouTube are unsealed by Company Town

Court documents related to Viacom's $1 billion lawsuit against YouTube outline fundamental differences over the responsibility of social networks in monitoring user-uploaded content.
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Yeah, yeah, yeah: Viacom wants back bonus paid to Rock Band maker by Company Town

Viacom Inc. has decided it gave a little bit too much help to its friends at video game developer Harmonix Music Systems. After losing money for the third consecutive year on its Rock Band video games produced by Harmonix, Viacom...
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Improved profitability at Paramount drives Viacom earnings by Company Town

Media giant Viacom Inc.'s fourth-quarter operating income surged because of cost-cutting and because longtime earnings laggard Paramount Pictures turned a tidy profit. Results for the quarter ended Dec. 31 were buoyed by the over-the-moon box-office...
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Beatles: Rock Band sales slow over holidays as music video game genre bombs by Company Town

S Sales of The Beatles: Rock Band game during the holidays turned out to be less than fab. The costly music game sold 357,000 units in the U.S. in December, bringing its total since launching Sept. 9 of last year...
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Biden, industry big shots, to discuss fight against piracy of intellectual property by Company Town

Vice President Joe Biden, Atty. Gen. Eric H. Holder Jr. and FBI Director Robert S. Mueller III are among the top government officials meeting with entertainment industry leaders Tuesday afternoon at the White House to discuss how best to fight...
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Beatles not putting Viacom's Rock Band in the black by Company Town

It may be a long and winding road to profitability for The Beatles: Rock Band.On a conference call with analysts today, Viacom executives said that their Rock Band video game franchise, whose only new product last quarter was the Beatles...
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Viacom surprises Wall Street with higher earnings by Company Town

Viacom Inc.'s cost-cutting measures, along with stronger results from its Paramount Pictures film unit, paid off in the third quarter as the media company posted a 15% jump in profit despite lower advertising and home video sales. For the quarter...
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Teenage Mutant Ninja Turtles coming to play with SpongeBob and Dora at Nickelodeon by Company Town

Move over SpongeBob SquarePants, some mutant ninja turtles are headed your way. Viacom Inc.'s kids cable network Nickelodeon has struck a $60-million deal with The Mirage Group and 4Kids Entertainment to acquire the rights to "Teenage Mutant...
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Cure for the Redstone overhang: Sell Viacom and CBS stock! by Company Town

Usually when the chairman of a company dumps nearly $1 billion in stock, share prices tumble off a cliff. But apparently not when it's Sumner Redstone. Wall Street has dubbed the phenomenon the "Redstone Overhang." For the past year, investors...
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It is always sunny in Philadelphia as reruns of FX comedy go for big bucks by Company Town

It just got a little sunnier in Philadelphia. No, we're not talking about the Phillies being on the verge of making the World Series for the second year in a row. News Corp.'s Twentieth Television has just sold reruns of...
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The Beatles: Rock Band debuts to solid but not stellar sales by Company Town

Apparently, love isn't all you need. The Beatles: Rock Band, Viacom Inc.'s highly anticipated and pricey video game based on the music of the biggest-selling rock band of all time, drew a healthy but hardly standing-room-only crowd. In September...
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Sumner Redstone to unload 35 theaters including L.A.'s Bridge to help pay down debt by Company Town

In addition to selling close to $1 billion in stock in CBS Corp. and Viacom Inc. to help pay down his family-held company's excruciating debt, Sumner Redstone will unload 35 of National Amusement Inc.'s 79 U.S. theaters, including its only...
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Media mogul Sumner Redstone to sell nearly $1 billion in stock, maintains empire by Company Town

Sumner Redstone's family-controlled firm, National Amusements Inc., this morning said it was selling nearly $1 billion in stock in CBS Corp. and Viacom Inc. to help retire the enormous debt that once threatened to upend the 86-year-old mogul's...
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Exit laughing: Lauren Corrao leaves Comedy Central by Company Town

Lauren Corrao, the longtime Comedy Central head of programming and development more recently responsible for ushering in "The Sarah Silverman Program," is leaving the cable channel. In a memo sent to staffers Monday, MTV Networks Entertainment...
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