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Continued: Viacom posts 20 pct increase in fiscal 3rd-qtr net income helped by higher affiliate fees

  • Article by: BREE FOWLER , AP Business Writer
  • Last update: August 2, 2013 - 3:30 PM

Revenue at the company's filmed entertainment business, increased 15 percent to $1.16 billion, as global theatrical revenue jumped 64 percent to $464 million, helped by the releases of the movies "Star Trek Into Darkness," ''World War Z" and "Pain and Gain," along with continued strong ticket sales of other movies released in the second quarter.

But operating income at the business dropped 63 percent to $17 million, pulled down by higher film distribution costs.

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