 Viacom bought Dreamworks, whose films include Munich, last year |
Media giant Viacom has beaten market expectations for its first quarter results, helped by a strong performance by its Dreamworks film studio. Revenues at Viacom rose 12% to $2.4bn (�1.3bn) in the three months to 31 March from the same period last year.
Dreamworks, which Viacom bought in December, contributed 8% to the rise.
Profits at Viacom, which also owns MTV and Paramount Pictures, dipped 9% to $317m or 43 cents per share, above Wall Street's predicted 40 cents.
Viacom said the drop was mainly caused by $57m in extra interest payments. The firm paid $1.6bn for Dreamworks.
Revenues were also up at Viacom's TV operations.
One-Minute World News 
News services
E-mail this to a friend 
Printable version 