U.S. broadcast regulators have fined Viacom Inc and ESPN $1.4 million "for misusing the emergency alert system" warning tones in a movie promotion in 2013, the Federal Communications Commission said on Tuesday.
Following its USD4.6 billion purchase of Lucasfilm in 2012, Walt Disney Co. has secured marketing and distribution rights over future Indiana Jones installments under an agreement with Paramount Pictures.
A memo obtained by Reuters revealed Paramount would be laying off 5% of its workers.
A source said Sony Corp reached a preliminary agreement with Viacom Inc. for television streaming services.
Viacom doubled up its stock buyback program to US$20 billion which resulted in a surge in the company's shares.
Walt Disney Co buys the right for four Viacom owned Marvel movies