This loaf is considered a delicacy in some parts of the world... you know, the weird parts!!!:
Watch more "Breadwinners" on Nickelodeon and Nicktoons!
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Tuesday, February 09, 2016
Super Smash Bros. Tournament - Inside The Nickelodeon Animation Studio
Everyone at the Nickelodeon Animation Studio works hard and plays hard... Specifically, they play Super Smash Bros hard! Check out this epic look at Nick Animation's studio-wide tournament!:
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Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon Animation Studio News and Highlights!
How To Draw SpongeBob SquarePants
Dave Cunningham, storyboard supervisor for SpongeBob SquarePants, teaches us how to draw Nickelodeon megastar SpongeBob SquarePants in a few simple steps!:
Send NickALive! your drawings on Twitter, Tumblr, Google+, Instagram, and/or Facebook!
Watch more SpongeBob SquarePants on Nickelodeon and Nicktoons!
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Send NickALive! your drawings on Twitter, Tumblr, Google+, Instagram, and/or Facebook!
Watch more SpongeBob SquarePants on Nickelodeon and Nicktoons!
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UK Programmers Commit To Statement Of Practice To Protect On-Demand Viewers
Original COBA Press Release via coba.org.uk:
Content providers commit to Statement of Practice to protect on-demand viewers
Members of the Commercial Broadcasters Association have signed up to a Statement of Practice for Video-on-Demand (VoD) services, committing to make child protection a priority.
The Statement, launched on Safer Internet Day, pledges to provide on-demand viewers with a range of protections and to make on-demand programmes available in a way that supports the child protection tools provided by platforms. Signatories include many of the major on-demand services in the UK and the Statement covers their on-demand services that are accessed through a television.
* The Statement includes a commitment to the highest possible standards in on-demand programmes, comparable to those on broadcast television channels.
* It also commits to supporting television platforms in providing the most robust possible types of protection for on-demand catch-up services, such as pin control mechanisms.
* Finally, signatories commit to provide audiences with information about the age suitability of on-demand programmes, so they can make informed choices about the type of content they and their children watch.
Commenting on the Statement of Practice, Ed Vaizey, Minister of State for Culture and the Digital Economy, said:
"Government challenged the industry to find a voluntary and common approach to television content standards, and it is great to see how COBA members are promoting better protection for children, including using pin control settings. Arming parents with details about on-demand television services will help families make more informed decisions about the suitability of programmes."
Tony Close, Ofcom Director of Content Standards, said:
"This industry agreement is a positive and welcome step towards greater protection of children who watch on-demand TV services. Broadcasters play a vital role in ensuring parents have clear information, along with the tools and controls they need to manage their children's access to TV programmes. Ofcom will continue to work closely with industry, Government and other bodies to help protect child audiences."
Adam Minns, Executive Director of COBA, said:
"COBA's Statement of Practice for Video-on-Demand unites many of the most popular on-demand services in the UK for the first time, providing audiences with a clear set of commitments to providing the best possible child protection."
Signatories to this Statement are (in alphabetical order): A+E Networks, Comedy Central, Discovery Networks, Fox International Channels, MTV, NBCUniversal, Nickelodeon, Sky, Sony Pictures Television Networks, The Walt Disney Company, and Turner.
For more information please visit COBA's website at http://coba.org.uk/our-sector/our-sector/vod. COBA is the UK industry body for commercial broadcasters.
About COBA
The Commercial Broadcasters Association (COBA) is the UK industry body for digital, cable and satellite broadcasters and on-demand services.
The multichannel sector is arguably the fastest growing part of the UK television industry.
In the last decade, the sector has increased its turnover by 30% to more than £5 billion a year. This is rapidly approaching half of the UK broadcasting sector's total annual turnover. (1)
The multichannel sector has doubled direct employment over the last decade. (2)
In addition, the sector has increased investment in UK television content to a record £725m per annum, up nearly 50% on 2009 levels. (3)
1) Ofcom International Broadcasting Market Report 2013
2) Skillset, Television Sector – Labour Market Intelligence Profile
3) COBA 2014 Census, Oliver & Ohlbaum Associates for COBA
###
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Content providers commit to Statement of Practice to protect on-demand viewers
Members of the Commercial Broadcasters Association have signed up to a Statement of Practice for Video-on-Demand (VoD) services, committing to make child protection a priority.
The Statement, launched on Safer Internet Day, pledges to provide on-demand viewers with a range of protections and to make on-demand programmes available in a way that supports the child protection tools provided by platforms. Signatories include many of the major on-demand services in the UK and the Statement covers their on-demand services that are accessed through a television.
* The Statement includes a commitment to the highest possible standards in on-demand programmes, comparable to those on broadcast television channels.
* It also commits to supporting television platforms in providing the most robust possible types of protection for on-demand catch-up services, such as pin control mechanisms.
* Finally, signatories commit to provide audiences with information about the age suitability of on-demand programmes, so they can make informed choices about the type of content they and their children watch.
Commenting on the Statement of Practice, Ed Vaizey, Minister of State for Culture and the Digital Economy, said:
"Government challenged the industry to find a voluntary and common approach to television content standards, and it is great to see how COBA members are promoting better protection for children, including using pin control settings. Arming parents with details about on-demand television services will help families make more informed decisions about the suitability of programmes."
Tony Close, Ofcom Director of Content Standards, said:
"This industry agreement is a positive and welcome step towards greater protection of children who watch on-demand TV services. Broadcasters play a vital role in ensuring parents have clear information, along with the tools and controls they need to manage their children's access to TV programmes. Ofcom will continue to work closely with industry, Government and other bodies to help protect child audiences."
Adam Minns, Executive Director of COBA, said:
"COBA's Statement of Practice for Video-on-Demand unites many of the most popular on-demand services in the UK for the first time, providing audiences with a clear set of commitments to providing the best possible child protection."
Signatories to this Statement are (in alphabetical order): A+E Networks, Comedy Central, Discovery Networks, Fox International Channels, MTV, NBCUniversal, Nickelodeon, Sky, Sony Pictures Television Networks, The Walt Disney Company, and Turner.
For more information please visit COBA's website at http://coba.org.uk/our-sector/our-sector/vod. COBA is the UK industry body for commercial broadcasters.
About COBA
The Commercial Broadcasters Association (COBA) is the UK industry body for digital, cable and satellite broadcasters and on-demand services.
The multichannel sector is arguably the fastest growing part of the UK television industry.
In the last decade, the sector has increased its turnover by 30% to more than £5 billion a year. This is rapidly approaching half of the UK broadcasting sector's total annual turnover. (1)
The multichannel sector has doubled direct employment over the last decade. (2)
In addition, the sector has increased investment in UK television content to a record £725m per annum, up nearly 50% on 2009 levels. (3)
1) Ofcom International Broadcasting Market Report 2013
2) Skillset, Television Sector – Labour Market Intelligence Profile
3) COBA 2014 Census, Oliver & Ohlbaum Associates for COBA
###
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Nickelodeon UK Partners With UK Safer Internet Centre To Celebrate Safer Internet Day 2016
To celebrate Safer Internet Day today, Nickelodeon UK has enlisted dynamic duo Jordan Banjo and Perri Kiely, members of dance group Diversity and the UK hosts of Nickelodeon's 2016 Kids' Choice Awards, to help us spread the word about staying safe online! Check out their guides, full of useful tips, in the super video clips below!
You can also take Jordan and Perri's Safer Internet Quiz to see how internet safety savvy you are here on Nick.co.uk!
The internet can be an amazing resource, but it can also be a little scary and dangerous. Remember to have fun online, but be sure to keep yourself safe too!
Whether you share photos, blog, play games, watch videos or anything else, follow a few basic rules to keep yourself safe whenever and wherever you go online. This includes when you connect with your computer, your tablet, your mobile and your games console.
Jordan & Perri | Safer Internet Day - Oversharing:
Nick presenters Jordan & Perri, discuss Safer Internet Day and explain the importance of not sharing too much online. Jordan & Perri also challenge Beckii Cruel to set her followers on a mission!
Jordan & Perri | Safer Internet Day - Bullying:
Nick presenters Jordan & Perri discuss Safer Internet Day and some past experiences they've had with bullying online. They've challenged Noodlerella to do a VLOG to encourage her followers to be kind and positive to each other online.
Jordan & Perri | Safer Internet Day - Privacy:
Dynamic duo Jordan & Perri discuss Safer Internet Day and the importance of privacy online.
Be a Web Wizard! Always try to keep your personal information private, be careful what you accept or share online, never arrange to meet online contacts in the real world unless you are sure that you know them, and make sure that you tell a trusted adult if things go wrong or make you feel uncomfortable when you are surfing the web.
For more excellent tips about your safety online and #SID2016, visit the official Safer Internet Day website!
Coordinated in the UK by the UK Safer Internet Centre, Safer Internet Day is a celebration that sees hundreds of organisations get involved to help promote the safe, responsible and positive use of digital technology for children and young people.
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon UK News and Highlights!
You can also take Jordan and Perri's Safer Internet Quiz to see how internet safety savvy you are here on Nick.co.uk!
The internet can be an amazing resource, but it can also be a little scary and dangerous. Remember to have fun online, but be sure to keep yourself safe too!
Whether you share photos, blog, play games, watch videos or anything else, follow a few basic rules to keep yourself safe whenever and wherever you go online. This includes when you connect with your computer, your tablet, your mobile and your games console.
Jordan & Perri | Safer Internet Day - Oversharing:
Nick presenters Jordan & Perri, discuss Safer Internet Day and explain the importance of not sharing too much online. Jordan & Perri also challenge Beckii Cruel to set her followers on a mission!
Jordan & Perri | Safer Internet Day - Bullying:
Nick presenters Jordan & Perri discuss Safer Internet Day and some past experiences they've had with bullying online. They've challenged Noodlerella to do a VLOG to encourage her followers to be kind and positive to each other online.
Jordan & Perri | Safer Internet Day - Privacy:
Dynamic duo Jordan & Perri discuss Safer Internet Day and the importance of privacy online.
Be a Web Wizard! Always try to keep your personal information private, be careful what you accept or share online, never arrange to meet online contacts in the real world unless you are sure that you know them, and make sure that you tell a trusted adult if things go wrong or make you feel uncomfortable when you are surfing the web.
For more excellent tips about your safety online and #SID2016, visit the official Safer Internet Day website!
Coordinated in the UK by the UK Safer Internet Centre, Safer Internet Day is a celebration that sees hundreds of organisations get involved to help promote the safe, responsible and positive use of digital technology for children and young people.
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon UK News and Highlights!
Viacom and Snapchat Launch Unprecedented Global Partnership
Original Viacom Inc. Press Release via Business Wire:
Viacom and Snapchat Launch Unprecedented Global Partnership
Wide-ranging Agreement to Boost Premium Video on Snapchat Discover With Two New Viacom Produced Channels
Viacom Granted Broader Rights to Sell Ads in its Own Snapchat Content, as well as Snapchat's U.S. Owned and Operated Ad Inventory
Snapchat to Increase Production of Live Stories Tied to Viacom's High Profile Awards Shows, Including MTV's Video Music Awards and EMAs, BET Experience, and More
February 09, 2016 06:30 AM Eastern Standard Time
NEW YORK--(BUSINESS WIRE)--Viacom (NASDAQ:VIAB, VIA) and Snapchat today announced an unprecedented global partnership that capitalizes on and extends the unique expertise of both companies to creatively and authentically speak to millennial and post-millennial audiences.
The wide-ranging deal, anchored in both content production and advertising sales, will bring two high profile channels to Snapchat Discover -- a Comedy Central International channel and an MTV Channel in the U.S., which will complement the already successful Comedy Central and MTV International Discover channels. The agreement also grants Viacom the right to sell Snapchat's U.S. owned and operated advertising inventory, allowing Viacom to offer even more value to television advertisers who want to add Snapchat's wildly popular premium video platform to the media mix. In addition, Viacom also has agreed to provide Snapchat with expanded access so Snapchat can produce Live Stories covering more of Viacom's tent pole events.
"Viacom and Snapchat naturally complement each other in significant ways that make us ideal partners in both content and business development," said Wade Davis, Chief Financial Officer, Viacom. "Snapchat captures young audiences on an intimate and immersive mobile video platform while Viacom is the leader in premium long- and short-form storytelling for these same audiences. Add in Viacom's custom marketing solutions and commitment to evolve our global mobile strategy and you've got a partnership that is great for both companies, for advertisers, and is a real evolution of the marketplace."
In addition to selling its advertising alongside its own content on Snapchat Discover, Viacom will now also have the right to sell Snapchat's U.S. owned and operated ad inventory, which includes ads in ongoing Stories such as "New York," capturing daily happenings in New York City, and non-partnered holiday Live Stories, such as "Valentine's Day." Viacom is the only television company to have this arrangement with Snapchat.
"Snapchat provides the best storytelling experience on mobile. Through this partnership with Viacom, we can now offer television advertisers a way to tell their stories across television and mobile in a frictionless way," said Imran Khan, Snapchat's Chief Strategy Officer.
On the content side of the deal, Viacom will further invest in the creation of original premium video content specifically for Snapchat Discover, reinforcing Viacom's innovative approach and dedication to delivering fans globally the content they want wherever they want to consume it. While MTV International and Comedy Central have previously been committed to creating original content on Discover, additional resources will now be put towards the launch of an MTV US Channel and a Comedy Central International channel on the platform.
MTV's new Snapchat Discover channel will feature a wide range of content created exclusively for the platform and updated daily. At launch on Tuesday, February 9, this includes MTV News articles and video with design and art direction unique to Snapchat, exclusive celebrity interviews, and more. MTV is also developing additional Snapchat-native content, including brand-new original series and reinvented MTV fan-favorite franchises for the platform. More details on original programming will be announced at a later date.
Comedy Central will launch internationally on Snapchat Discover on Wednesday, February 10, delivering always funny content to fans globally. The new international channel will serve Snapchat users daily doses of comedy, from curated "WTF News" articles and exclusive videos with their favorite comedians to upcoming original series set to debut on Snapchat Discover in the coming year. Since its U.S. launch in January 2015, the Comedy Central channel on Snapchat Discover has become a vibrant pipeline for Comedy Central to develop fresh comedic voices and original content. It is one of the most popular brands on the platform.
Another key element of the Viacom/Snapchat partnership will leverage Snapchat's Live Stories, which are curated collections of user-submitted content covering major events and places around the world. Through the partnership, Snapchat will have unique access to cover Viacom's one-of-a-kind, tentpole events, such as MTV's Video Music Awards (VMAs), BET Experience, and MTV's EMAs.
The deal grew organically out of a dynamic Viacom/Snapchat relationship, including many custom advertising campaigns created by in-house creative agency Viacom Velocity that ran in Snapchat Discover, as well as "break-the-internet" level of fan engagement for Viacom events covered by Snapchat Live Stories and Snapchat Discover channels launched a year ago.
About Viacom
Viacom is home to premier global media brands that create compelling television programs, motion pictures, short-form content, apps, games, consumer products, social media experiences, and other entertainment content for audiences in 180 countries. Viacom's media networks, including Nickelodeon, Comedy Central, MTV, VH1, Spike, BET, CMT, TV Land, Nick at Nite, Nick Jr., Channel 5 (UK), Logo, Nicktoons, TeenNick and Paramount Channel, reach a cumulative 3.4 billion television subscribers worldwide. Paramount Pictures is a major global producer and distributor of filmed entertainment. For more information about Viacom and its businesses, visit www.viacom.com. Keep up with Viacom news by following Viacom's blog at blog.viacom.com and Twitter feed at www.twitter.com/viacom.
###
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon and Viacom News and Highlights!
Viacom and Snapchat Launch Unprecedented Global Partnership
Wide-ranging Agreement to Boost Premium Video on Snapchat Discover With Two New Viacom Produced Channels
Viacom Granted Broader Rights to Sell Ads in its Own Snapchat Content, as well as Snapchat's U.S. Owned and Operated Ad Inventory
Snapchat to Increase Production of Live Stories Tied to Viacom's High Profile Awards Shows, Including MTV's Video Music Awards and EMAs, BET Experience, and More
February 09, 2016 06:30 AM Eastern Standard Time
NEW YORK--(BUSINESS WIRE)--Viacom (NASDAQ:VIAB, VIA) and Snapchat today announced an unprecedented global partnership that capitalizes on and extends the unique expertise of both companies to creatively and authentically speak to millennial and post-millennial audiences.
The wide-ranging deal, anchored in both content production and advertising sales, will bring two high profile channels to Snapchat Discover -- a Comedy Central International channel and an MTV Channel in the U.S., which will complement the already successful Comedy Central and MTV International Discover channels. The agreement also grants Viacom the right to sell Snapchat's U.S. owned and operated advertising inventory, allowing Viacom to offer even more value to television advertisers who want to add Snapchat's wildly popular premium video platform to the media mix. In addition, Viacom also has agreed to provide Snapchat with expanded access so Snapchat can produce Live Stories covering more of Viacom's tent pole events.
"Viacom and Snapchat naturally complement each other in significant ways that make us ideal partners in both content and business development," said Wade Davis, Chief Financial Officer, Viacom. "Snapchat captures young audiences on an intimate and immersive mobile video platform while Viacom is the leader in premium long- and short-form storytelling for these same audiences. Add in Viacom's custom marketing solutions and commitment to evolve our global mobile strategy and you've got a partnership that is great for both companies, for advertisers, and is a real evolution of the marketplace."
In addition to selling its advertising alongside its own content on Snapchat Discover, Viacom will now also have the right to sell Snapchat's U.S. owned and operated ad inventory, which includes ads in ongoing Stories such as "New York," capturing daily happenings in New York City, and non-partnered holiday Live Stories, such as "Valentine's Day." Viacom is the only television company to have this arrangement with Snapchat.
"Snapchat provides the best storytelling experience on mobile. Through this partnership with Viacom, we can now offer television advertisers a way to tell their stories across television and mobile in a frictionless way," said Imran Khan, Snapchat's Chief Strategy Officer.
On the content side of the deal, Viacom will further invest in the creation of original premium video content specifically for Snapchat Discover, reinforcing Viacom's innovative approach and dedication to delivering fans globally the content they want wherever they want to consume it. While MTV International and Comedy Central have previously been committed to creating original content on Discover, additional resources will now be put towards the launch of an MTV US Channel and a Comedy Central International channel on the platform.
MTV's new Snapchat Discover channel will feature a wide range of content created exclusively for the platform and updated daily. At launch on Tuesday, February 9, this includes MTV News articles and video with design and art direction unique to Snapchat, exclusive celebrity interviews, and more. MTV is also developing additional Snapchat-native content, including brand-new original series and reinvented MTV fan-favorite franchises for the platform. More details on original programming will be announced at a later date.
Comedy Central will launch internationally on Snapchat Discover on Wednesday, February 10, delivering always funny content to fans globally. The new international channel will serve Snapchat users daily doses of comedy, from curated "WTF News" articles and exclusive videos with their favorite comedians to upcoming original series set to debut on Snapchat Discover in the coming year. Since its U.S. launch in January 2015, the Comedy Central channel on Snapchat Discover has become a vibrant pipeline for Comedy Central to develop fresh comedic voices and original content. It is one of the most popular brands on the platform.
Another key element of the Viacom/Snapchat partnership will leverage Snapchat's Live Stories, which are curated collections of user-submitted content covering major events and places around the world. Through the partnership, Snapchat will have unique access to cover Viacom's one-of-a-kind, tentpole events, such as MTV's Video Music Awards (VMAs), BET Experience, and MTV's EMAs.
The deal grew organically out of a dynamic Viacom/Snapchat relationship, including many custom advertising campaigns created by in-house creative agency Viacom Velocity that ran in Snapchat Discover, as well as "break-the-internet" level of fan engagement for Viacom events covered by Snapchat Live Stories and Snapchat Discover channels launched a year ago.
About Viacom
Viacom is home to premier global media brands that create compelling television programs, motion pictures, short-form content, apps, games, consumer products, social media experiences, and other entertainment content for audiences in 180 countries. Viacom's media networks, including Nickelodeon, Comedy Central, MTV, VH1, Spike, BET, CMT, TV Land, Nick at Nite, Nick Jr., Channel 5 (UK), Logo, Nicktoons, TeenNick and Paramount Channel, reach a cumulative 3.4 billion television subscribers worldwide. Paramount Pictures is a major global producer and distributor of filmed entertainment. For more information about Viacom and its businesses, visit www.viacom.com. Keep up with Viacom news by following Viacom's blog at blog.viacom.com and Twitter feed at www.twitter.com/viacom.
###
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Viacom Reports Results for Q1 2016
Viacom Inc. (NASDAQ: VIAB, VIA), the parent company of the Nickelodeon brand, has today, Tuesday 9th February 2016, reported financial results for the first quarter of fiscal 2016 ended Thursday 31st December 2015.
Philippe Dauman, Executive Chairman, President and Chief Executive Officer of Viacom, said, "As the media industry continues to evolve quickly, Viacom is generating sustainable opportunities using great new content, innovative technology, marketing and data applications, along with the benefits of our substantial footprint in key international growth markets. Our investments in new content have led to higher ratings at most of our networks, including VH1, Spike, BET, TV Land, CMT and Nick at Nite, as well as Nickelodeon, which recaptured its lead as the top network for kids 2 to 11. In addition, we saw significant sequential improvement in domestic advertising sales, due to the success of our new programming and our highly-desirable new advertising products. Paramount is off to a strong start in 2016, with a promising and diverse film lineup throughout the year, and our Paramount Television unit is also thriving.
Most of Viacom's major networks have seen year-over-year ratings improvement. (source: Nielsen)
"2015 was a challenging year operationally as we redesigned ourselves and adapted to significant industry disruption. Our first fiscal quarter of 2016 reflected these challenges. However, our revitalized organization and our investments in content, technology and strategic innovation are now beginning to bear fruit. Although our industry continues to face headwinds, we expect our positive momentum to continue and build throughout the year."
Quarterly revenues declined 6% to $3.15 billion. Media Networks revenues declined 3% to $2.57 billion. Absent an unfavorable 1% impact of foreign exchange, Media Networks revenues decreased 2%. Domestic advertising revenues declined 4%, as pricing increases were more than offset by a decline in traditional ratings at some of Viacom's networks. Worldwide advertising revenues decreased 3%, reflecting an unfavorable 1% impact of foreign exchange. International advertising revenues declined 2%, driven by an 8% adverse effect of foreign exchange. Absent the impact of foreign exchange, international advertising revenues increased 6%, driven principally by growth in Europe. Domestic affiliate revenues were substantially flat due to the impact from the timing of product available under certain distribution agreements. International affiliate revenues decreased 6%, driven by a 9% unfavorable impact of foreign exchange. Absent the impact of foreign exchange, international affiliate revenues increased 3%.
Filmed Entertainment revenues decreased by 15% to $612 million, as an increase in license fees was more than offset by declines in theatrical and home entertainment revenues. Excluding foreign exchange, which had a 3% unfavorable impact, worldwide revenues declined 12%. Worldwide theatrical revenues decreased $75 million in the quarter, as carryover revenues decreased $46 million, principally due to an unfavorable comparison with the strong performance of Teenage Mutant Ninja Turtles in the first fiscal quarter of 2015. Worldwide home entertainment revenues decreased $77 million in the quarter, primarily reflecting a comparison with carryover revenues from Transformers: Age of Extinction in the first quarter of 2015. License fees increased 25%, to $237 million in the quarter, primarily driven by the licensing of certain titles for subscription video-on-demand services and television.
Quarterly adjusted operating income declined 13% to $839 million, primarily driven by the timing and mix of current quarter Filmed Entertainment releases, as well as lower contributions from films in release across post-theatrical distribution windows. Media Networks adjusted operating income declined 4% to $1.06 billion, driven by the decline in revenues, partially offset by decreased expenses. Absent a 1% adverse impact of foreign exchange, Media Networks adjusted operating income declined 3%. Filmed Entertainment reported an adjusted operating loss of $146 million for the quarter, compared with an operating loss of $60 million in the previous year's quarter.
Quarterly adjusted net earnings attributable to Viacom declined to $470 million. Adjusted diluted earnings per share for the quarter decreased 9% to $1.18. Foreign exchange had an unfavorable $0.02 impact on adjusted diluted EPS.
Debt
At December 31, 2015, total debt outstanding was $12.57 billion, compared with $12.29 billion at September 30, 2015. The Company's cash balances were $327 million at December 31, 2015, a decrease from $506 million at September 30, 2015.
You can read Viacom's press release announcing the company's Q3 2015 quarterly earnings in full, including tables of Viacom's statements and balance sheets, here on BusinessWire.com.
About Viacom
Viacom is home to premier global media brands that create compelling television programs, motion pictures, short-form content, apps, games, consumer products, social media experiences, and other entertainment content for audiences in 180 countries. Viacom's media networks, including Nickelodeon, Comedy Central, MTV, VH1, Spike, BET, CMT, TV Land, Nick at Nite, Nick Jr., Channel 5 (UK), Logo, Nicktoons, TeenNick and Paramount Channel, reach over 3.5 billion cumulative television subscribers worldwide. Paramount Pictures is a major global producer and distributor of filmed entertainment.
For more information about Viacom and its businesses, visit www.viacom.com. Viacom may also use social media channels to communicate with its investors and the public about the company, its brands and other matters, and those communications could be deemed to be material information. Investors and others are encouraged to review posts on Viacom's company blog (blog.viacom.com), Twitter feed (twitter.com/viacom) and Facebook page (facebook.com/viacom).
Cautionary Statement Concerning Forward-Looking Statements
This news release contains both historical and forward-looking statements. All statements that are not statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements reflect Viacom's current expectations concerning future results, objectives, plans and goals, and involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause future results, performance or achievements to differ. These risks, uncertainties and other factors include, among others: the public acceptance of Viacom's brands, programs, motion pictures and other entertainment content on the various platforms on which they are distributed; the impact of inadequate audience measurement on Viacom's program ratings, advertising revenues and affiliate fees; technological developments and their effect in Viacom's markets and on consumer behavior; competition for content, audiences, advertising and distribution; the impact of piracy; economic fluctuations in advertising and retail markets, and economic conditions generally; fluctuations in Viacom's results due to the timing, mix, number and availability of Viacom's motion pictures and other programming; the potential for loss of carriage or other reduction in the distribution of Viacom content; changes in the Federal communications or other laws and regulations; evolving cybersecurity and similar risks; other domestic and global economic, business, competitive and/or regulatory factors affecting Viacom's businesses generally; and other factors described in Viacom's news releases and filings with the Securities and Exchange Commission, including but not limited to Viacom's 2015 Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. The forward-looking statements included in this document are made only as of the date of this document, and we do not have any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances. If applicable, reconciliations for any non-GAAP financial information contained in this news release are included in this news release or available on the official Viacom website at http://www.viacom.com.
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Philippe Dauman, Executive Chairman, President and Chief Executive Officer of Viacom, said, "As the media industry continues to evolve quickly, Viacom is generating sustainable opportunities using great new content, innovative technology, marketing and data applications, along with the benefits of our substantial footprint in key international growth markets. Our investments in new content have led to higher ratings at most of our networks, including VH1, Spike, BET, TV Land, CMT and Nick at Nite, as well as Nickelodeon, which recaptured its lead as the top network for kids 2 to 11. In addition, we saw significant sequential improvement in domestic advertising sales, due to the success of our new programming and our highly-desirable new advertising products. Paramount is off to a strong start in 2016, with a promising and diverse film lineup throughout the year, and our Paramount Television unit is also thriving.
Most of Viacom's major networks have seen year-over-year ratings improvement. (source: Nielsen)
"2015 was a challenging year operationally as we redesigned ourselves and adapted to significant industry disruption. Our first fiscal quarter of 2016 reflected these challenges. However, our revitalized organization and our investments in content, technology and strategic innovation are now beginning to bear fruit. Although our industry continues to face headwinds, we expect our positive momentum to continue and build throughout the year."
Quarterly revenues declined 6% to $3.15 billion. Media Networks revenues declined 3% to $2.57 billion. Absent an unfavorable 1% impact of foreign exchange, Media Networks revenues decreased 2%. Domestic advertising revenues declined 4%, as pricing increases were more than offset by a decline in traditional ratings at some of Viacom's networks. Worldwide advertising revenues decreased 3%, reflecting an unfavorable 1% impact of foreign exchange. International advertising revenues declined 2%, driven by an 8% adverse effect of foreign exchange. Absent the impact of foreign exchange, international advertising revenues increased 6%, driven principally by growth in Europe. Domestic affiliate revenues were substantially flat due to the impact from the timing of product available under certain distribution agreements. International affiliate revenues decreased 6%, driven by a 9% unfavorable impact of foreign exchange. Absent the impact of foreign exchange, international affiliate revenues increased 3%.
Filmed Entertainment revenues decreased by 15% to $612 million, as an increase in license fees was more than offset by declines in theatrical and home entertainment revenues. Excluding foreign exchange, which had a 3% unfavorable impact, worldwide revenues declined 12%. Worldwide theatrical revenues decreased $75 million in the quarter, as carryover revenues decreased $46 million, principally due to an unfavorable comparison with the strong performance of Teenage Mutant Ninja Turtles in the first fiscal quarter of 2015. Worldwide home entertainment revenues decreased $77 million in the quarter, primarily reflecting a comparison with carryover revenues from Transformers: Age of Extinction in the first quarter of 2015. License fees increased 25%, to $237 million in the quarter, primarily driven by the licensing of certain titles for subscription video-on-demand services and television.
Quarterly adjusted operating income declined 13% to $839 million, primarily driven by the timing and mix of current quarter Filmed Entertainment releases, as well as lower contributions from films in release across post-theatrical distribution windows. Media Networks adjusted operating income declined 4% to $1.06 billion, driven by the decline in revenues, partially offset by decreased expenses. Absent a 1% adverse impact of foreign exchange, Media Networks adjusted operating income declined 3%. Filmed Entertainment reported an adjusted operating loss of $146 million for the quarter, compared with an operating loss of $60 million in the previous year's quarter.
Quarterly adjusted net earnings attributable to Viacom declined to $470 million. Adjusted diluted earnings per share for the quarter decreased 9% to $1.18. Foreign exchange had an unfavorable $0.02 impact on adjusted diluted EPS.
Debt
At December 31, 2015, total debt outstanding was $12.57 billion, compared with $12.29 billion at September 30, 2015. The Company's cash balances were $327 million at December 31, 2015, a decrease from $506 million at September 30, 2015.
You can read Viacom's press release announcing the company's Q3 2015 quarterly earnings in full, including tables of Viacom's statements and balance sheets, here on BusinessWire.com.
About Viacom
Viacom is home to premier global media brands that create compelling television programs, motion pictures, short-form content, apps, games, consumer products, social media experiences, and other entertainment content for audiences in 180 countries. Viacom's media networks, including Nickelodeon, Comedy Central, MTV, VH1, Spike, BET, CMT, TV Land, Nick at Nite, Nick Jr., Channel 5 (UK), Logo, Nicktoons, TeenNick and Paramount Channel, reach over 3.5 billion cumulative television subscribers worldwide. Paramount Pictures is a major global producer and distributor of filmed entertainment.
For more information about Viacom and its businesses, visit www.viacom.com. Viacom may also use social media channels to communicate with its investors and the public about the company, its brands and other matters, and those communications could be deemed to be material information. Investors and others are encouraged to review posts on Viacom's company blog (blog.viacom.com), Twitter feed (twitter.com/viacom) and Facebook page (facebook.com/viacom).
Cautionary Statement Concerning Forward-Looking Statements
This news release contains both historical and forward-looking statements. All statements that are not statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements reflect Viacom's current expectations concerning future results, objectives, plans and goals, and involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause future results, performance or achievements to differ. These risks, uncertainties and other factors include, among others: the public acceptance of Viacom's brands, programs, motion pictures and other entertainment content on the various platforms on which they are distributed; the impact of inadequate audience measurement on Viacom's program ratings, advertising revenues and affiliate fees; technological developments and their effect in Viacom's markets and on consumer behavior; competition for content, audiences, advertising and distribution; the impact of piracy; economic fluctuations in advertising and retail markets, and economic conditions generally; fluctuations in Viacom's results due to the timing, mix, number and availability of Viacom's motion pictures and other programming; the potential for loss of carriage or other reduction in the distribution of Viacom content; changes in the Federal communications or other laws and regulations; evolving cybersecurity and similar risks; other domestic and global economic, business, competitive and/or regulatory factors affecting Viacom's businesses generally; and other factors described in Viacom's news releases and filings with the Securities and Exchange Commission, including but not limited to Viacom's 2015 Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. The forward-looking statements included in this document are made only as of the date of this document, and we do not have any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances. If applicable, reconciliations for any non-GAAP financial information contained in this news release are included in this news release or available on the official Viacom website at http://www.viacom.com.
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SpongeBob SquarePants - "SpongeBob LongPants" New Episode - Music Video
SpongeBob's taking fashion to the next level in his upcoming new episode with a brand new pair of LongPants! Watch him captivate all the fish in Bikini Bottom as he struts down the runway. Think you can handle LongPants? Catch the brand new episode of SpongeBob SquarePants on Monday, February 15 at 7pm/6c, only on Nickelodeon USA!:
In the all-new episode "SpongeBob LongPants", when SpongeBob gets a pair of long pants, they change his life in unexpected ways! Then, in "Larry's Gym", when Larry the Lobster opens a new gym in Bikini Bottom, SpongeBob becomes his best customer!
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon and SpongeBob SquarePants News and Highlights!
In the all-new episode "SpongeBob LongPants", when SpongeBob gets a pair of long pants, they change his life in unexpected ways! Then, in "Larry's Gym", when Larry the Lobster opens a new gym in Bikini Bottom, SpongeBob becomes his best customer!
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon and SpongeBob SquarePants News and Highlights!
Game Shakers - Shark Chunks!
Dub's (Kel Mitchell) a man with a mission: He wants to watch that shark explode. It's rainin' chunks in this clip from "Shark Explosion"! Watch the latest brand-new episode of "Game Shakers" in full here on Nick.com/GameShakers!:
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon and Game Shakers News and Highlights!
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon and Game Shakers News and Highlights!
Make it Pop - Megan Lee Unboxes Sun Hi’s Spotlight Ready Fashion Doll!
Watch Megan Lee from Make it Pop see Sun Hi's Spotlight Ready Doll from Jakks Pacific for the very first time!:
Enter Fruitocracy's exclusive Express Your Inner Pop Sweepstakes to win a trip to LA to visit the set and watch a live taping of a Nickelodeon show!
Watch every episode of Make It Pop season 2 at nick.com/makeitpop!
Download XO-IQ's latest album, "Tomorrow is Ours", available to purchase now on iTunes!
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon and Make It Pop News and Highlights!
Enter Fruitocracy's exclusive Express Your Inner Pop Sweepstakes to win a trip to LA to visit the set and watch a live taping of a Nickelodeon show!
Watch every episode of Make It Pop season 2 at nick.com/makeitpop!
Download XO-IQ's latest album, "Tomorrow is Ours", available to purchase now on iTunes!
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon and Make It Pop News and Highlights!
"Nick Kicks" - Brand New on Nicktoons UK!
Join Roman Kemp, Rachel Stringer and Peter Pundit Saturdays at 8am on Nicktoons UK & Ireland for a brand new weekly football show, bringing you the best goals, biggest fans and funniest fails from across the Football League!:
Giving super fans once in a lifetime opportunities at their favourite clubs, along with the chance to see their heroes taking on some unique challenges, both on and off the pitch!
From the rainy Tuesday night games in Accrington, to the sun drenched play-off finals at Wembley, Nick Kicks will be there bringing you all the best bits! GOOOOAAAAAL!
Check out nicktoons.co.uk/nickkicks and the award-winning Nick Play app for more footie-tastic videos, behind-the-scenes content, polls, quizzes and games!
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon UK, Nicktoons and Nick Kicks News and Highlights!
Giving super fans once in a lifetime opportunities at their favourite clubs, along with the chance to see their heroes taking on some unique challenges, both on and off the pitch!
From the rainy Tuesday night games in Accrington, to the sun drenched play-off finals at Wembley, Nick Kicks will be there bringing you all the best bits! GOOOOAAAAAL!
Check out nicktoons.co.uk/nickkicks and the award-winning Nick Play app for more footie-tastic videos, behind-the-scenes content, polls, quizzes and games!
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon UK, Nicktoons and Nick Kicks News and Highlights!
Bloobie Smoobie - Sanjay and Craig
Round up, round up, come and get your Bloobie Smoobie! Farmer Larry showcases how he makes such delicious Bloobie Smoobie's in this video clip from brand-new "Sanjay and Craig" episode "And Justice for Durdle"!:
Classic Nickelodeon fans will recognise Toby Huss, who portrayed Artie, the "Strongest Man in the World", in "The Adventures of Pete & Pete" as the voice of Farmer Larry!
Catch brand-new episodes of "Sanjay and Craig" weekdays at 5:30pm on Nicktoons UK & Ireland and every Friday at 8:15pm on Nick USA!
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon UK, Nicktoons UK & Sanjay and Craig News and Highlights!
Classic Nickelodeon fans will recognise Toby Huss, who portrayed Artie, the "Strongest Man in the World", in "The Adventures of Pete & Pete" as the voice of Farmer Larry!
Catch brand-new episodes of "Sanjay and Craig" weekdays at 5:30pm on Nicktoons UK & Ireland and every Friday at 8:15pm on Nick USA!
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon UK, Nicktoons UK & Sanjay and Craig News and Highlights!