Declines within Filmed Entertainment have hit Viacom’s bottom line, as the media conglomerate saw Q4 revenues drop by 5% to US$3.788 billion. However, global initiatives are paying off, with a 45% rise in international ad revenues.
The House of Mouse may be in line for some upscale renovations following a record-setting fiscal in which Disney reported a 7% increase in revenues to US$52.5 billion and 12% growth in net income to US$8.4 billion.
Multiplatform entertainment company Shout! Factory has secured an exclusive North American distribution deal with Sola Media for the new Danish animated family feature Albert – Up, Up and Away.
In a bid to further meet industry demand for entertaining and enriching kids content, L.A.-based Genius Brands International (GBI) has agreed to sell approximately US$4.3 million in common stock and warrants to investors and company management.
Chinese animation studio and toyco Guangdong Alpha Animation and Culture has partnered with Hasbro to expand its popular Blazing Team franchise globally, beginning with a US launch for its re-imagined TV series and toy line.