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Last Updated: Thursday, 11 May 2006, 20:52 GMT 21:52 UK
Dreamworks boosts Viacom results
Still from Dreamworks movie Munich
Viacom bought Dreamworks, whose films include Munich, last year
Media giant Viacom has beaten market expectations for its first quarter results, helped by a strong performance by its Dreamworks film studio.

Revenues at Viacom rose 12% to $2.4bn (1.3bn) in the three months to 31 March from the same period last year.

Dreamworks, which Viacom bought in December, contributed 8% to the rise.

Profits at Viacom, which also owns MTV and Paramount Pictures, dipped 9% to $317m or 43 cents per share, above Wall Street's predicted 40 cents.

Viacom said the drop was mainly caused by $57m in extra interest payments. The firm paid $1.6bn for Dreamworks.

Revenues were also up at Viacom's TV operations.


SEE ALSO:
Box office successes boost Viacom
01 Nov 05 |  Business
Viacom agrees to split business
15 Jun 05 |  Business
Viacom may split into two firms
17 Mar 05 |  Business


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