Viacom signs multi-picture film deal with Netflix

(Reuters) - Viacom Inc's Paramount Pictures Chief Executive Officer Jim Gianopulos said on Friday it has signed a multi-picture film deal with Netflix Inc.

"Our priority is to expand our role as a major global content supplier. As such, we're exploring various new revenue streams in addition to our traditional theatrical releases as a producer of first-run films and television for other media platforms," Gianopulos said on a conference call with analysts.

(Reporting by Vibhuti Sharma in Bengaluru and Ken Li in New York; Editing by Shailesh Kuber)

You May Also Be Interested In

• Investing.com’s stocks of the week
• Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker
• Roku stock surges 20% on report of potential sale talks