Viacom signs multi-picture film deal with Netflix

(Reuters) – Viacom Inc’s Paramount Pictures Chief Executive Officer Jim Gianopulos said on Friday it has signed a multi-picture film deal with Netflix Inc.

“Our priority is to expand our role as a major global content supplier. As such, we’re exploring various new revenue streams in addition to our traditional theatrical releases as a producer of first-run films and television for other media platforms,” Gianopulos said on a conference call with analysts.

(Reporting by Vibhuti Sharma in Bengaluru and Ken Li in New York; Editing by Shailesh Kuber)