Hollywood Reporter: Viacom CEO Phillipe Dauman said that Netflix wasn't responsible for the recent ratings drop.
Asked on Viacom's quarterly earnings conference call if Netflix was to blame for the viewership decline, which contributed to an advertising revenue decline in the final quarter of 2011, he said: "We don't think that the availability of the limited amount of Nick library content on Netflix…has had a significant impact."
Highlighting that the company gets data on streams, he said that the number of Netflix subscribers and Nickelodeon content streams were "pretty much the same" in the summer and the fall. "It certainly does not account for the ratings drop that we saw," Dauman said.