Television

ViacomCBS reports $6.871 bn revenue in Q4

It reported the first quarterly earnings as a combined company

https://us.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2020/02/20/boib.jpg?itok=e8RzZaiV

MUMBAI: ViacomCBS today reported financial results for the quarter and full year ended 31 December. The company’s full year revenue increased 2 per cent, driven by growth in advertising, affiliate and content licensing. Significantly, it reported the first quarterly earnings as a combined company.

ViacomCBS reported $6.871 billion revenue compared to $7.092 billion in the same quarter of 2018, down by three per cent. The company also mentioned in a press release that transitional Q4 included merger-related expenses. For the full year, it reported revenue of $27.812 billion.

“In less than three months since completing our merger, we have made significant progress integrating and transforming ViacomCBS. We see incredible opportunity to realise the full power of our position as one of the largest content producers and providers in the world. This is an exciting and valuable place to be at a time when demand for content has never been higher, and we will use our strength across genres, formats, demos and geographies to serve the largest addressable audience, on our own platforms and others,” ViacomCBS president and CEO Bob Bakish commented.

‘In 2020, our priorities are maximising the power of our content, unlocking more value from our biggest revenue lines and accelerating our momentum in streaming. With this as a backdrop, we’ve set clear targets for the year and are providing increased transparency around our business to demonstrate ViacomCBS’ ability to create shareholder value today, as we continue evolving and growing our business for tomorrow,” he added.

In the quarter, affiliate revenue increased one per cent, as strong growth in reverse compensation, retransmission and subscription streaming revenue more than offset declines in the pay TV landscape. Domestic advertising revenue was affected by significant declines in political advertising compared with the prior-year quarter. Domestic Cable Networks’ advertising revenue grew  nine per cent while content licensing revenue declined 11 per cent due to the timing and mix of deliveries.

On the full year basis, advertising revenue increased two per cent, driven by five per cent growth in domestic advertising sales, reflecting CBS’ broadcasts of Super Bowl LIII and the NCAA Division I Men’s Basketball Tournament’s national semifinals and championship games, as well as higher revenues from Advanced Marketing Solutions which includes Pluto TV, partially offset by lower political ad spend.

Affiliate revenue grew three per cent, fueled by 20 per cent growth in reverse compensation and retransmission, as well as strong subscription streaming revenue, which more than offset declines in pay TV subscribers.

Content licensing revenue rose five per cent, reflecting higher revenues from licensing library and original production to third parties. Domestic streaming and digital video business – which includes subscription revenue and digital video advertising – generated approximately $1.6 billion in revenue.

Latest Reads

https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/28/corona_0.jpg?itok=AhSBV0h3
News broadcasters seek advertising support to manage increased Covid-19 coverage

MUMBAI: News broadcasters are leading the battle against COVID-19 and have emerged as the most essential source of news and information during the lockdown. Now, they are seeking support from the media fraternity in terms of advertising.

Television TV Channels News Broadcasting
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/28/kantar.jpg?itok=pnf7RHeW
Overall increase in media consumption on account of COVID-19: Kantar study

MUMBAI: As the world struggles with the COVID-19 pandemic, there has been an increase in media consumption across all in-home channels, says a study by data, insights and consulting company Kantar. The study finds that WhatsApp is the social media app that has experienced the greatest gains in...

Television TV Channels News Broadcasting
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/28/ibf.jpg?itok=qXgWMHn4
Sony Pal, Star Utsav, Zee Anmol, Colors Rishtey free to viewers for two months

MUMBAI:  Four leading broadcasters have come forward to waive off all tariffs and charges for a period of two months, informed the Indian Broadcasting Foundation (IBF). Sony Pal, Star Utsav, Zee Anmol and Colors Rishtey will be available to all the viewers.

Television TV Channels GECs
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/28/sony-sab.jpg?itok=PDhIcIC1
BARC week 11: Sony SAB holds pole position in urban and pay platforms

Sony SAB led the urban market and pay platforms in week 11 of BARC India ratings. The channel also moved up from fifth position in the last week to fourth position this week. The channel's leading show Taarak Mehta Ka Ooltah Chashmah has garnered 6610 weekly impressions (000s) in the urban market...

Television TV Channels Viewership
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/28/zee.jpg?itok=9YMLJ6KX
BARC week 11: Zee Biskope leads in Bhojpuri market

In the regional space of week 11 of BARC India ratings, Zee Biskope grabbed the leading position in the Bhojpuri market. The channel jumped from third position to first. Zee's other regional channel Zee Punjab is also leading in the Punjabi market this week.

Television TV Channels Viewership
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/28/ficci.jpg?itok=fSeMSoO9
COVID-19 to impact 2020 ad rev estimates: FICCI-EY report

The rapid spread of COVID-19 has fractured the whole world, particularly hitting India’s economy, which could have a drastic impact on the predicted advertising revenues for 2020, says FICCI and EY India’s media and entertainment report 2020.

Television TV Channels GECs
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/28/barc.jpg?itok=nP1dfhke
News channels report second-best viewership pattern so far this year in week 11

The coronavirus pandemic could be termed as a bane for the whole world, including India, but it certainly has become a boon for the news channels across genre in terms of viewership, a week eleven (14-20 March) data of Broadcast Audience Research Council (BARC) India shows.

Television TV Channels News Broadcasting
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/27/SONY.jpg?itok=3aesyGW2
Sony Music Kids launches “Munna Chachu - Chaturayi Ki Kahaniya”

MUMBAI: Sony Music Kids has found a way to keep kids occupied and educated through their jolly character Munna Chachu, who is here with his treasure box full of audio stories about wit and intelligence, called “Munna Chachu – Chaturayi Ki Kahaniya”.

Television TV Channels Music and Youth
https://us.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/27/COLORS.jpg?itok=6Zj9MYuu
Colors brings back four old shows to entertain viewers

MUMBAI:  Colors is bringing back four of its old shows to keep entertaining its viewers in the current challenging environment. Rightfully picked to cover a variety ranging from comedy, drama,  slice of life, and reality shows, the channel will enable viewers to enjoy their time at home. The...

Television TV Channels GECs

Sign up for our Newsletter

subscribe for latest stories

* indicates required