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Hard Economic Times for MTV & Paramount

Posted by: , 15:08 AEDT, Sat February 14, 2009
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MTV & Paramount have both seen about a 70% loss in profits due to lack of DVD sales and decline in

MTV & Paramount have both seen about a 70% loss in profits due to lack of DVD sales and decline in advertising.  Viacom says the current profit results are a direct reflection of todays economic situation.

Paramount is hoping 2009 will change their financial situation with the release of Star Trek, Transformers 2, and the GI Joe movie.


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