But its revenue and adjusted earnings fell because of a decline at its Paramount studio business and lower advertising revenue at its Nickelodeon television channels.
Viacom, which includes cable networks like MTV and the Paramount movie studio, was meant to be a growth stock.
The increases in television didn't fully offset weakness at the Paramount Pictures movie studio, though.
Viacom studio Paramount Pictures likely wants to make sure it cashes in on Bieber before the high-flying star begins to curve back to Earth.
Viacom ( VIA - news - people ) in December 2005, when Chief Sumner Redstone (still its controlling shareholder) yanked the broadcast division from its cable siblings MTV, Nickelodeon and Comedy Central, among others, as well as movie studio Paramount Pictures.
Viacom owns Paramount, the film studio, and cable channels like MTV and Nickelodeon.
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On the studio front, Paramount was the most represented with four on the list, including DreamWorks Animation projects.
Brian Miller, producer of the Star Trek game and senior vice president at Paramount Pictures, said that the studio had the option of rushing another bad movie-based game out in tandem with J.
But in Paramount's case, the studio's moves have angered theater owners, who fear that if consumers get used to films coming out on DVD just weeks after they've been in theaters, they'll forgo the tickets and popcorn and just watch movies at home.
Though exceptions exist--New Line's Lord of the Rings franchise won several Oscars a few years back--nominations are typically awarded to the smaller budget, often artistic films, aptly dubbed Oscar bait, from the studio's specialty divisions (Paramount's Vantage or 20th Century Fox's Fox Searchlight, among others).
Because of the sweet deal Paramount gives director Michael Bay on the Transformer movies (he is a profit participant once Paramount earns back its production and advertising costs), the studio stands to earn considerably less on the film than it would have with another director.
Several insurers are suing Paramount over money they lent to finance a slate of films for the studio.
Paramount co-produced War of the Worlds with Spielberg's Dreamworks studio.
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And while some of the profits must be shared with Paramount Pictures, the Viacom-owned (NYSE: VIA) studio that was once slated to distribute The Avengers, Disney (NYSE: DIS) gets to keep the majority of the earnings.
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But this isn't the only title for Paramount, in fact over half the movies out this week are from said studio.
The Museum, which opened in 1988, was created in one of the City-owned buildings of the former Astoria Studio complex, built in 1920 as the East Coast production facility for Paramount Pictures and now on the National Register of Historic Places.
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Paramount took a risk last week by not previewing the film for critics, a move which usually means the studio has no faith in its film.
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