November 16, 2018 / 1:58 PM / a month ago

Viacom signs multi-picture film deal with Netflix

The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson

(Reuters) - Viacom Inc’s Paramount Pictures Chief Executive Officer Jim Gianopulos said on Friday it has signed a multi-picture film deal with Netflix Inc.

“Our priority is to expand our role as a major global content supplier. As such, we’re exploring various new revenue streams in addition to our traditional theatrical releases as a producer of first-run films and television for other media platforms,” Gianopulos said on a conference call with analysts.

Reporting by Vibhuti Sharma in Bengaluru and Ken Li in New York; Editing by Shailesh Kuber

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