Can the Beatles do for Viacom what they did for Apple Corps?
Great Corporate Double-Speak is a joy: Here's how Viacom's Chief Financial Officer, Tom Dooley, was able to get the apparently positive word 'contributor' into bad news about Rock Band not doing so well for the company.
"Rock Band was a negative contributor to margins in the third quarter. We expect it to break even or be slightly profitable in the fourth quarter from a margin point of view. It really depends on how many units we sell in the holiday season."
Dooley was speaking to investors following the release of his company's third quarter results.
According to the LA Times, "Losses on Rock Band brought down the operating margin of Viacom's media networks group, which encompasses its cable channels and related products, from 40% to 36%."
Apparently it's not all bad news though, Chief executive Philippe Daumann also stated that, "the economics of our Rock Band franchise are improving, though not as quickly as we'd like."
"Rock Band was a negative contributor to margins in the third quarter. We expect it to break even or be slightly profitable in the fourth quarter from a margin point of view. It really depends on how many units we sell in the holiday season."
Dooley was speaking to investors following the release of his company's third quarter results.
According to the LA Times, "Losses on Rock Band brought down the operating margin of Viacom's media networks group, which encompasses its cable channels and related products, from 40% to 36%."
Apparently it's not all bad news though, Chief executive Philippe Daumann also stated that, "the economics of our Rock Band franchise are improving, though not as quickly as we'd like."
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