Horror hit A Quiet Place has helped boost profits at media conglomerate Viacom.
The low-budget movie about a family trying to survive alien invasion has made £250million despite it costing just £15million to make. It was produced by Viacom’s Paramount Pictures.
Profits at Viacom, which also owns Nickelodeon, MTV, and the UK’s Channel 5, rose 1per cent to £369million despite a 4per cent revenue fall.
Paramount also did well with comedy movie Book Club, starring Diane Keaton and Jane Fonda, making £52million.
Viacom boss Bob Bakish claimed: ‘Paramount is revitalised.’
‘What the money news means for you’