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Paramount payoff confirmed by Viacom earnings report

Ben Drawbaugh

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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