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Paramount payoff confirmed by Viacom earnings report

Ben Drawbaugh
05.06.08
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Although it's all water under the bridge now, we still find it interesting that Viacom's recent earnings statement confirmed that Paramount received compensation for dumping Blu-ray. But contrary to the New York Times article, Variety is reporting that it was only $29 Million, instead of $150 Million. This is of course only cash, and it is still entirely possible that the other $121 Million included future revenues that didn't materialize once things fell apart, but we have a hard time believing Paramount received that much in promotional services or free replication. And while the Warner payoff rumors weren't from a source as sound as the NYT, we'll still be keeping an eye on revenue statements from Engadget and Warner's shared parent company all the same.

[Via Format War Central]

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