Horror hit movie A Quiet Place helps boost profit at Viacom as it rakes in £250m

Horror hit A Quiet Place has helped boost profits at media conglomerate Viacom

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.’