Film business, higher affiliate fees lift Viacom’s revenue

May 4, 2017 (Reuters) – Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon, reported a quarterly revenue that handily beat estimates, helped by growth in its filmed entertainment unit as well as higher affiliate revenue. The company’s shares were slightly higher at $39.48 in choppy trading before the bell on Thursday. Revenue from Viacom’s filmed entertainment business, which houses the Paramount film studio, jumped 37 percent to $895 million in the company’s second quarter ended March 31, breezing past analysts’ average estimate of $676.5 million, according to…

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