Latest Viacom Inc News

'The Predator' gobbles up competition at box office

Sep. 16, 2018 3:43 PM EDT

LOS ANGELES (AP) — "The Predator" is at the top of the food chain in its first weekend in theaters. 20th Century Fox said Sunday that the film earned an estimated $24 million from more than 4,000 North American theaters. But with an $88 million production price tag, the Shane Black-directed installment in...

Asian stocks mixed as investors await US tariff hike

Sep. 10, 2018 11:33 PM EDT

BEIJING (AP) — Asian stocks were mixed Tuesday after Wall Street's gains as investors waited for a new U.S. tariff hike in a trade battle with China. KEEPING SCORE: The Shanghai Composite Index lost 0.3 percent to 2,661.33, while Tokyo's Nikkei 225 added 1 percent to 22,595.52. Hong Kong's Hang Seng...

The Latest: Moonves ouster could make CBS takeover target

Sep. 10, 2018 11:15 PM EDT

NEW YORK (AP) — The Latest on the ouster of CBS chief Les Moonves (all times local): 3:25 p.m. The resignation of longtime CBS chief Les Moonves won't likely lead to drastic changes in network programs, but it could make the company ripe for a takeover. Moonves was ousted on Sunday, just hours after the...

After Moonves, CBS takeover possible in new media landscape

Sep. 10, 2018 9:06 PM EDT

NEW YORK (AP) — The resignation of longtime CBS chief Les Moonves won't likely lead to drastic changes in network programs, but a related deal could make the company ripe for a takeover as traditional media companies compete with upstarts such as Netflix and Amazon. Moonves was ousted Sunday, just hours...

Box Office Top 20: 'The Nun' conjures up $53.8 million

Sep. 10, 2018 5:10 PM EDT

LOS ANGELES (AP) — The horror pic "The Nun" scared off the competition and dominated the North American box office in its first weekend in theaters, grossing $53.8 million. A spinoff of a character seen in "The Conjuring 2," ''The Nun" banked the most successful launch of the "Conjuring" universe, which...

With the fall of a kingmaker, CBS is punished on Wall Street

Sep. 10, 2018 12:14 PM EDT

NEW YORK (AP) — Sizing up a future of a network without its kingmaker, Wall Street sent shares of CBS down sharply Monday, the first day of trading since the departure of Les Moonves. CBS said late Sunday, as more allegations of sexual abuse surfaced, that Moonves would be replaced and that the company was...

With 'The Nun,' Warner Bros.' box office streak continues

Sep. 9, 2018 2:08 PM EDT

LOS ANGELES (AP) — The horror movie "The Nun" has topped the domestic box office in its first weekend, scoring a best for the "Conjuring" franchise and another win for Warner Bros. Studio estimates on Sunday say the Demian Bichir and Taissa Farmiga-led film brought in $53.5 million from 3,876 North...

Report: CBS CEO in exit talks amid sexual misconduct probe

Sep. 6, 2018 3:39 PM EDT

NEW YORK (AP) — The Wall Street Journal is reporting that CBS chief Les Moonves is negotiating with independent directors of CBS' board for a possible exit. CBS has appointed two law firms to investigate Moonves for sexual misconduct allegations stemming from a July New Yorker article. CBS didn't return a...

Report: CBS, National Amusements in talks to settle case

Sep. 5, 2018 5:27 PM EDT

NEW YORK (AP) — The Wall Street Journal is reporting that CBS and its parent company National Amusements are in talks to settle pending litigation over who controls the broadcaster. CBS and National Amusements, run by media mogul Shari Redstone, have been duking it out in court since May when CBS attempted...

Box Office Top 20: 'Crazy Rich Asians' No. 1 for third week

Sep. 4, 2018 6:03 PM EDT

LOS ANGELES (AP) — The glitzy romance "Crazy Rich Asians" topped the North American box office over Labor Day weekend, its third consecutive weekend in the No. 1 spot. The Warner Bros. film added $28.6 million over the four-day weekend, bringing its domestic grosses to $117.3 million. The shark thriller...