Viacom Inc (VIA.O) Key Developments | Reuters.com
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Viacom Inc (VIA.O)

VIA.O on Nasdaq

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30 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Imax and Paramount Pictures extend long-standing partnership with five-picture agreement
Thursday, 23 Jun 2016 04:38pm EDT 

IMAX Corp : IMAX and paramount pictures extend long-standing partnership with five-picture agreement .Announced a multi-picture agreement that consists of five future films from paramount pictures slate.  Full Article

S&P - Viacom outlook revised to negative from stable on weaker operating performance; 'BBB-' rating affirmed
Tuesday, 21 Jun 2016 08:30am EDT 

S&P : S&P - Viacom outlook revised to negative from stable on weaker operating performance; 'BBB-' rating affirmed . S&P - Negative outlook reflects increased likelihood that Viacom may be unable to lower and maintain its adjusted leverage below 3.25X . S&P - Dispute between National Amusements Inc., Viacom management could adversely affect Viacom's ability to improve operating, financial performance Source - http://bit.ly/28KGv71 (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Redstone's lawyers file to dismiss Mass. court case - CNBC
Monday, 20 Jun 2016 04:17pm EDT 

: Redstone's lawyers file to dismiss Mass. court case - CNBC Further company coverage: [VIAB.O] (Bengaluru Newsroom) ((+1 646 223 8780;)).  Full Article

Viacom Q3 to be hurt by underperformance of Teenage Mutant Ninja Turtles: Out Of Shadows
Friday, 17 Jun 2016 08:30am EDT 

Viacom Inc : Viacom Inc says that it expects domestic ad sales declines for Q3 to be approximately 4% . Expects to report adjusted diluted earnings per share within range of approximately $1.00 to $1.05 for q3 of 2016 . Q3 results will be impacted by theatrical underperformance of Teenage Mutant Ninja Turtles: Out Of Shadows . Expects domestic ad sales declines for Q3 to be approximately 4% . Q3 results will be impacted by delay in completing a significant SVOD agreement. . "company also said it has substantially completed a very successful annual advertising upfront sales process" . Q3 earnings per share view $1.38, revenue view $3.19 billion -- Thomson Reuters I/B/E/S . Viacom provides update on June quarter financial expectations .Sees Q3 2016 adjusted earnings per share about $1.00 to $1.05.  Full Article

Viacom enter into indemnification agreement
Friday, 17 Jun 2016 06:17am EDT 

Viacom Inc : On June 13, entered into an indemnification agreement with each of Philippe P. Dauman, George S. Abrams . Co to pay Dauman and Abrams' costs related to lawsuit filed seeking to invalidate removal as trustees of Sumner Redstone National Amusements Trust .Agreements with CEO Dauman, board member Abrams approved in advance by committee comprised of independent members of board of directors.  Full Article

Viacom lead independent director files lawsuit to prevent attempt to remove members of board of directors
Thursday, 16 Jun 2016 08:19pm EDT 

:Viacom Inc lead independent director files lawsuit to prevent invalid attempt to remove members of company's board of directors.  Full Article

Sumner Redstone's ex-girlfriend Manuela Herzer files motion for new trial over Redstone's mental competency citing new evidence - CNBC
Monday, 13 Jun 2016 08:00pm EDT 

: Sumner Redstone's ex-girlfriend Manuela Herzer files motion for new trial over Redstone's mental competency citing new evidence - CNBC (Bengaluru Newsroom) ((+1 646 223 8780;)).  Full Article

Sling TV says its live and on-demand internet TV service available on Apple TV
Monday, 13 Jun 2016 02:04pm EDT 

: Sling TV announces debut of its live and on demand internet TV service on Apple TV . Sling TV says expands its service offerings with the addition of 12 Viacom networks . Apple TV users can watch live and on-demand content for a fee starting at $20 per month (Bengaluru Newsroom; +1 646 223 8780; ).  Full Article

Redstone's natl. amusements, majority Viacom holder, amends bylaws so board has to unanimously approve any Paramount transaction - CNBC
Monday, 6 Jun 2016 04:05pm EDT 

: Redstone's natl. amusements, majority Viacom holder, amends bylaws so board has to unanimously approve any Paramount transaction - CNBC (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Shari Redstone opposing Viacom CEO's request for a quick trial over his removal from her father's family trust - Bloomberg, citing court papers
Friday, 3 Jun 2016 03:57pm EDT 

:Shari Redstone opposing Viacom CEO's request for a quick trial over his removal from her father's family trust - Bloomberg, citing court papers.  Full Article

BRIEF-Viacom board would not allow meeting between Sumner Redstone director

* Sumner Redstone spokesman says Viacom board would not allow face-to-face meeting between Redstone and independent director Charles Phillips Source text for Eikon: Further company coverage: (Reporting by Dan Levine)