Feb 9 (Reuters) - Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, reported a 5.39 percent rise in quarterly revenue, helped by improved theatrical revenue and growth in domestic affiliate revenues.
However, net income attributable to Viacom fell to $396 million, or $1 per share, in the first quarter ended Dec. 31, from $449 million, or $1.13 per share, a year earlier.
Revenue rose to $3.32 billion from $3.15 billion.
The company also said it would focus its efforts on six “flagship” brands: Nickelodeon, Nick Jr., MTV, Comedy Central, BET and Paramount as part of a turnaround plan under new Chief Executive Officer Bob Bakish.
Reporting by Rishika Sadam in BengaluruEditing by Sriraj Kalluvila