Today, in an interview on CNBC, Viacom President/CEO Philippe Dauman couldn’t have been more upbeat about the entertainment business now and in the future. So remember these words the next time you’re in a negotiation with the studios and networks. Dauman said there’d been “great results” for DVD Titles, stated that home entertainment was “stabilizing”, predicted that the coming upfronts would have “much better pricing” and be “completed sooner” than last year, and gushed that the scatter market already showed “strong double-digits” pricing. Ain’t life grand for Big Media? Problem is, he complained, Paramount Pictures brought down Viacom’s profits -18% because the studio didn’t make enough movies in Q-1 — only 3 instead of last year’s 6. “It was impacted by the studio division’s strategic move of fewer releases,” Dauman shorthanded it. This is why most of Hollywood still isn’t working.
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