tels in the United States and internationally for itself and for third parties. Paramount Television develops and produces programming for television and video-on-demand platforms. In the year ended September 30, 2015, this segment released 11 films in the domestic theatrical market. Paramount’s film strategy focuses on releases that represent a mix of franchise films and smaller productions, acquired films and distribution arrangements. Paramount Animation produces animated films and expects to release one or two theatrical films per year. Together with Nickelodeon Movies, Paramount Animation released its first theatrical film - The SpongeBob Movie: Sponge Out of Water - in the year ended September 30, 2015. Paramount expects to increase its total film slate, including Paramount Animation films, to 15 theatrical releases in 2016. Paramount Television, Paramount’s television production division, draws on Paramount’s extensive library of film franchises and also develops original programming for television and digital platforms. Paramount Television premiered its first completed coproduction, Minority Report, on broadcast television in September 2015; and has additional programs in production and projects in the pipeline at television networks and digital outlets. Paramount also focuses on developing promotion, marketing and release approaches for its films. Ancillary Paramount provides production services to third parties, primarily at Paramount’s studio lot. Paramount also licenses its brands for consumer products, themed restaurants, hotels and resorts, live stage plays, film clips, and theme parks. Paramount also develops original content for launch on digital distribution platforms, including made-for-digital content offered for sale and rent through third-party online destinations and apps. Motion Picture Production and Distribution Paramount produces majority of the motion pictures it releases. It also acquires films from third parties and distributes films and other content on behalf of third parties. In some cases, Paramount co-finances and/or co-distributes films with third parties, including other studios. Paramount distributes some motion pictures worldwide, and might engage a third-party distributor for certain pictures in certain territories. Paramount has agreements in place with Warner Bros. Home Entertainment Inc. to distribute physical DVD and Blu-ray discs relating to approximately 700 Paramount catalog titles for which Paramount retains all digital rights, and with Universal Studios, Inc. to provide certain back-office and distribution services for all physical DVD and Blu-ray discs distributed by Paramount. Under an agreement that runs through June 2017, Paramount also distributes CBS’ library of television and other library content on DVD and Blu-ray disc on a worldwide basis. Internationally, Paramount, through its international affiliates, generally distributes its theatrical releases through its own distribution operations, or in some territories, through United International Pictures, a company that Paramount and Universal own jointly. For international home entertainment releases, in February 2015, Paramount announced that it had entered into a five-year agreement with Universal Pictures Home Entertainment (UPHE) for UPHE to distribute Paramount’s physical DVD and Blu-ray discs in certain international territories. Paramount also distributes films domestically and internationally on download-to-own, transactional video-on-demand, subscription video-on-demand and television platforms. Business Strategy The company’s strategic priorities are to intensify its focus on the creation of high-quality original cable television programming and motion pictures, which are the primary drivers of multi-platform viewing and engagement, as well as original content for new platforms, including mobile; work with its business partners, while retaining maximum flexibility and rights ownership, to apply technology-driven innovation to expand the distribution of its content and improve the consumer experience across multiple platforms; pioneer new methods to improve monetization and m
viacom inc-class b (VIAB:NASDAQ GS)
New York, NY 10036
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