Those windows are now expanding in terms of -- it's not just about box office and home entertainment and then going to third parties, we can generate a lot of value out of those assets on our streaming services. It's Naveen, I'll take both of those. Should the Common Sense Party be successful and recruit candidates who win, it could make a little history. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Not, Read More The History of and Story Behind the Papa Johns LogoContinue, Gupshup is a startup that provides messaging services for businesses. Audit Committee Member, Compensation Committee Member. We need to give this a bit of time to play out. and really a long track recordship of partnership and customer services with agencies and their clients. he was also in charge of several business units under Viacom Enterprises including Viacom Plus sales, Famous Players, Famous Music, their cross-divisional marketing council and their information services and technology. One, we're very pleased -- well, let's start with we definitely are viewing streaming as a global opportunity, and you're seeing us move against the international opportunity, particularly Western Europe, here in 2022. So when Netflix published its Q2, it showed this chart that had minutes viewed, and I think CBS was actually #2 behind Netflix. We also have -- in the U.K., we have Channel 5, so it has relationships that are triggering stories there. From June 2010 to December 2017 he was Vice Chairman of Investment Banking and Capital Markets at Credit Suisse. John Myers led the Los Angeles Times coverage of state government as Sacramento bureau chief from 2015 to June 2022. How to vote | Prior to Oracle, Mr. Phillips was a Managing Director at Morgan Stanley in the Technology Group and served on its Board of Directors. At this time, I would like to welcome everyone to Paramount Global's Q2 2022 Earnings Conference Call. Their goal is to appeal to voters who place value in collaboration, compromise and pragmatism. Click here to contact our editorial staff, and click here to report an error. And therefore, we're really excited about it because we get the very material benefit of cricket, and cricket is at the top of the food chain in India. I mean in terms of our expectations for Pluto in the back part of the year, I'd take a couple of things. Q2 showed a company that it's taking market share in streaming, in broadcast, in box office and in upfront dollars. She is a native Angeleno. It's an important part of the equation. Share. And we're just getting started. Success like this, 5 #1 films at the box office, Top Gun, Scream, Jackass Forever, The Lost City and Sonic the Hedgehog 2, which, by the way, also made history as the biggest video game opening of all time. As we look ahead in this ad market, there's 2 things I'd note. And though we don't have any imminent price changes, they will happen in the future, and we'll do it while also taking into account the evolution of our content offering, looking at what sort of bundles and other promotional opportunities are available to our customers. And at this scale, we offer advertisers access to a wide variety of audiences across every demographic. Warmer storms could cause problems, Rick Caruso could soon be L.A. mayor. Advertisers are focused on being associated with premium content, and we have a really diverse collection here across entertainment, sports and news. Try it now! On the positive side, TV clearly remains resilient on a relative basis, and that's a function of a very tight supply. The reason we got the CJ deal done in South Korea is we've been there for years, there, in a joint venture. We continue to maintain significant financial flexibility, which will increase with the addition of proceeds from the sale of Simon & Schuster &. He is a member of the Board of Directors of the Federal Reserve Bank of New York, the Apollo Theater, Business Executives for National Security and the New York Police Foundation. But nonetheless, we have experience, we have assets, we have relationships, and those provide real leverage, including in streaming. iSideWith is not affiliated with any political party, candidate, or interest group. Viewers keep turning to our networks for their favorite content, and advertising partners are eager to get a share of it all. We wanted to learn more about him so we looked into his profile and list of accomplishments and we made some interesting discoveries. She previously served on the boards of Ralph Lauren Corporation, SeaWorld Entertainment, Inc., Host Hotel & Resorts, Inc., DigitalGlobe Inc., John Hancock Financial Services, Inc. and Potomac Electric Power Company. But longer term, we do still remain confident that once that advertising market recovers, we can deliver TV Media -- stable TV Media OIBDA, and that's enabled by a combination of a few things. And yes, we've got to manage through some near-term macroeconomic headwinds, but we will. That's showing up in certain categories, things like auto continues to be impacted by the supply chain. Liked by Robert M. Bakish Join now to see all activity Experience President and Chief Executive Officer Paramount Feb 2022 - Present1 year 1 month New York, New York, United States President and. But our amazing content isn't limited to the silver screen. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. In this role, which he assumed in December 2019, Bakish is responsible for growing the company's creative assets, content capabilities and streaming services to serve important and diverse audiences, which consume over 30 billion hours of Paramount content globally across more than 180 countries. And I'd note that historically, that's really a stations business and for sure, it will be a stations business this year. Obviously, we're in business with Sky in the U.K. and Ireland, and they are very pleased with what we brought to market. The combination of streaming and traditional is significant. Although there are hundreds of political parties in the United States, only certain parties qualify to have the names of their candidates for office printed on election ballots. By subscribing, I agree to the Terms of Use and Privacy Policy. But really, competition is nothing new. And Mike, with respect to your question on the outlook for 2023, I'd really say 2 things. [9] From 2001 through 2004, he was Executive Vice President and Chief Operating Officer of advertising sales at MTV Networks. The effort is also being led by former San Francisco state Sen. Quentin Kopp and former state Commerce Secretary Julie Meier Wright. U.S. Congress | Robert Bakish, CEO of Viacom Pau Barrena/Bloomberg Investors have tuned into CBS stock amid new sexual harassment accusations against chief executive Leslie Moonves that led to Moonves'. Reports subsequently emerged of a culture of bullying, verbal abuse and sexual harassment at CBS Newsshow60 Minutes and complaints of a toxic work environment at some CBS televsion stations. When I say audiences, I don't just mean kids or adults, I mean the whole household, not just the coast, but the entire country, not just the U.S.. but the entire world, not just the streaming audience, but the TV, theatrical and streaming audience. Based on third-party data, Paramount+ is the #1 premium service in the U.S. in sign-ups and net subscriber additions, both this quarter and year-to-date. Third, we're in the free streaming space and the pay streaming space. Try the political quiz. Candidates. Such labels are called. Yes. Gray Davis and championed the creation of charter schools while serving as a state legislator, died last week at age 78. Sure, Rich. There, we're working with TVING, which is a local streamer. Independent voters have also warmed up to the governor, with the number of undecideds dropping sharply since 2019 and breaking in Newsoms favor. [76] He is also on the Board of Directors at Avid Technology, Inc.[22], He is on the Board of Overseers at Columbia Business School,[6] and is also an active member of its Media & Technology Forum. We've got a broad offering. Ballotpedia features 395,441 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. We're continuing to fund the growth. It is now a multinational retail corporation that runs chains of hypermarkets, discount department stores, and grocery stores. Prior to the recombination of Viacom and CBS, Bakish was the President and Chief Executive Officer of Viacom since December 2016. The effort shares some of its political DNA with the idea behind Californias top-two primary, an effort many thought would elect more centrist lawmakers. But even with that, some very compelling facts to focus on. Mr. Kliegers practice focuses on complex civil litigation and counseling in the areas of entertainment and intellectual property. There are short-term challenges we got to just work through. Ms. Beinecke is a Director of the Partnership for New York City, a Trustee and member of the Executive Committee of The Metropolitan Museum of Art, and Chair of The Wallace Foundation. And it's highly coveted by advertisers. He has been President and CEO of Paramount Global since December 4, 2019, formerly holding the same position at Viacom before the merger with CBS Corporation. That's right, the Wall Street banker who runs a firm . [25][26][2][27] MTVNI had double-digit, year-on-year growth during his tenure. It's true that there are some challenges in the scatter market and in digital, and that really is, as you would guess, driven by the state of the macroeconomic environment. I understand that submitting my email address allows iSideWith.com to send me important notifications via email. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Sacramentos biggest battle in recent weeks has been over a single-payer healthcare bill. Part of the reason is that we don't just make popular content, we also make content popular by leveraging our powerful platforms. [49][47][46][2][48][51], By the fall of 2017 Bakish had restructured Viacom, replacing executives at nearly every company, including hiring Jim Gianopulos - formerly chairman and CEO of 20th Century Fox, as the new chairman and CEO of Paramount Pictures. In September, we're using that same strategy to launch Paramount+ as a hard bundle in Italy with Sky Italia. [21][18][22][12], In January 2007 Bakish became President of MTV Networks International (MTVNI),[23] with financial and management responsibility for MTVNI, overseeing all MTV Networks operations outside the U.S.[22] He immediately restructured MTVNI, cutting 8% of the workforce in addition to merging some overseas units with the UK business and devolving responsibilities for Latin American operations to new offices across the region. Later this year, the biggest show on television, Yellowstone, returns for its fifth season to the Paramount Network in the U.S. Also worth noting that we're taking advantage of the current situation to increase our level of promotion for in-house assets, particularly with respect to Paramount+. Later in the year, we'll do the same with Sky in Germany, Austria and Switzerland, and with CANAL+ in France. Campbell says while several local elected officials are ready to run as Common Sense candidates, they wont take the plunge until they know the party has qualified. We don't obviously guide to Pluto specifically. After all, to drive best-in-class marketing and distribution, you've got to have best-in-class assets, like the #1 broadcast network in America, the largest broadcast footprint globally, the #1 free ad-supported streaming TV service in the U.S. and one of the fastest-growing premium SVOD services. Julia Wick is a Metro reporter for the Los Angeles Times covering City Hall and the 2022 Los Angeles mayoral election. Ms. Beinecke serves as Chairperson of the board of First Eagle Funds, a leading U.S. mutual fund family and is the Lead Trustee of Vornado Realty Trust. As a Democrat, Im a centrist, Caruso said, describing himself as fiscally conservative but socially accepting of how people want to live their lives., He didnt want to return to the Republican Party, he said, because he worried about the direction it was heading. Paramount+ will also debut a criminal minds revival, building on what is already a fan favorite. He is a member of the Council on Foreign Relations and The Economic Club of New York. MAUs are now at basically $70 million because we're getting great consumer traction and engagement, time spent, et cetera on Pluto continues to grow. In a race where frustration is the prevailing sentiment and issues of homelessness and public safety have dominated nearly every discussion, its unclear how much voters care about a candidates political development even if most know little about it. But the second element of it, a lot of that we're going to use globally because on a termed basis, the streaming world has proven that works. Here are the five most liberal CEOs, according to the firm's rankings: 5. Some of today's financial remarks will focus on adjusted results. She was part of the team that was a 2022 Pulitzer Prize finalist in breaking news for work covering a fatal shooting on the set of the film Rust. Previously, she was the author of the Essential California newsletter. But in the years since, he latched onto the idea of a political party that would welcome differences of opinion and whose members would value the pursuit of common ground. Third point I'd make is this is a big year for Western Europe for us. This consisted of focusing on Viacom's six flagship brands: BET, Comedy Central, MTV, Nickelodeon, Nick Jr. and Paramount; revitalizing content and talent; deepening distributor and advertiser partnerships to drive traditional revenue; increasing digital offerings, consumer products and live experiences; and optimizing and energizing the organization. And as part of that, could you talk a little bit your international programming strategy? Bob, could you talk a little bit about how the launch went in the U.K. and South Korea in the quarter, sort of the strategy to drive that business? Turning to the balance sheet. L.A. loves the glitz but suspects the rich. Robert Bakish. Good morning. From 1990 to 2000, Ms. Griego held a number of government-related appointments, including Deputy Mayor of the city of Los Angeles, President and Chief Executive Officer of the Los Angeles Community Development Bank, and President and Chief Executive Officer of Rebuild LA, the agency created to jump-start inner-city economic development following the 1992 Los Angeles riots. We are independent and not affiliated with any investors, shareholders, political parties or interestgroups. Same thing is true with South Korea. So very good supply side equation. So that's the IPL answer. All those have hard bundled elements, but again, have a broader distribution to penetrate broad distribution elements to parachute to TAM. The combination of subscriber growth and engagement drove Paramount+ revenue growth of 120%, including subscription revenue growth of 126% and advertising growth of 92%. Campbell left the party that year, writing in a newspaper op-ed that a Republican embrace of Trump instead of a candidate for president worthy of our countrys past and its unbounded future would force him to re-register as an independent voter. And at the core of it, it's our differentiated as we say, playbook. If you look at where we are in content, we're clearly advantaged. Robert Marc Bakish's Connecticut Voter Registration. Less attention has been paid to the fact that Caruso re-registered as a Republican in March 2016, according to records from the Los Angeles County registrar-recorder/county clerks office. For more than 20 years, Ms. Griego oversaw the operations of Engine Co. No. I understand that submitting my email address allows iSideWith.com to send me important notifications via email. It's really a marketplace dynamic that unfortunately, we're not immune to. Caruso kept his Republican Party affiliation until mid-November 2019, when he changed his registration back to no party preference, according to county records. And another indicator of that strength is really the 30% digital volume growth -- ad volume growth that we saw in the upfront. Paramount continues to shine at the box office with numbers that outperformed even our own expectations, and we're excited about the future. You may now disconnect your lines. California election officials currently recognize six political parties for purposes of candidates seeking office, with Democrats and Republicans joined by the American Independent Party, the Green Party, the Libertarian Party and the Peace and Freedom Party. Me; Robert Bakish; Economic Freedom. You Quiz Candidates Elections Issues Discuss. We seek to put people in office who will be driven by facts, will work across partisan divides, will be open to principled compromise, and will show a commitment to solving Californias complex problems, the party writes on its website. Paramount+ ARPU improved on a sequential basis in Q2, with both domestic and international ARPU higher versus Q1. But again, we're not just selling Pluto, we're selling a full range of streaming product and multiplatform product and having great traction with advertisers. We now turn to Ben Swinburne from Morgan Stanley. Recall that our international distribution strategy is focused on achieving ubiquity. And we think that is a tremendous positive for the company and will be even more so as the macro situation improves. She has served on the board of Hilton Worldwide Holdings Inc. since 2013. We also expect to see continued meaningful contributions from the licensing side of that business, which is enabled by a combination of both an incredible catalog and unique production capabilities. Ms. McHale has extensive experience leading a major media conglomerate with a background in operations and financial management, expertise in global affairs, experience in government affairs and extensive public company and corporate governance experience. Interns wanted: Get paid to help ensure that every voter has unbiased election information. And Kopp served his time in the Legislature as an independent. [7][6], Last edited on 12 February 2023, at 23:50, School of Engineering and Applied Science, "ViacomCBS Chief Bob Bakish: 'We Are Hitting the Ground Running in 2020', "Viacom CEO Bob Bakish pushes turnaround plan for Paramount and MTV: 'I look under the hood'", "Viacom CEO Robert Bakish '81 To Keynote Commencement", "Robert M. Bakish: Dwight-Englewood School 1981 Honored 2011", "Address by 2013 Class Day Speaker Robert M. Bakish, Viacom International Media Networks CEO", Columbia University School of Engineering and Applied Science, "Viacom Shuffles Operations Under New Co-President", "Armstrong Wins; Susan Buffett Dies; Intel's Bryant Sees Cash", "Update 3: Freston Shakes Up Viacom Ranks", "MTV Networks International appoints Bakish president", "Viacom's Bob Bakish to speak at IGNITION", "The big picture is that you can do business here: Robert M Bakish", "It was a go big or go home play: Bob Bakish recalls Viacom18s early days", "People Business; Starring: Robert M. Bakish CEO, Viacom International Media Networks, Shailesh Rao, Vice President, International Operations, Twitter, Tom Mendoza, Vice Chairman, NetApp", "Bill Roedy steps down as CEO of MTV Int'l", "Viacom Promotes Robert Bakish to CEO of All International Networks", "Robert Bakish Named President & CEO of Viacom International Media Networks", "Viacom's new CEO pursues turnaround with CBS out of the picture", "Viacom Names Robert Bakish Acting President, CEO", "Viacom unveils Play Plex mobile TV apps", "Viacom International Launches Direct-to-Consumer SVOD App BET Play", "Viacom Names Bob Bakish Acting CEO When Tom Dooley Steps Down", "Viacom names Robert Bakish as acting CEO", "At Viacom, Bob Bakish Enjoys Swift Rise", "Heres Viacoms New 5-Point Strategic Plan: 6 Brands, Deeper Integration of Paramount", "Viacom Unveils Focus on Flagship Brands, 'Deeper Integration' of Paramount Pictures", "Viacom CEO Vows To Make Company More Focused And Forward-Looking", "Viacom Sets Radical Revamp of Cable Operations, Adapting to Skinny-Bundle Era", "How CEO Bob Bakish Plans to Make Viacom Great Again", "Viacom to Narrow Focus to Six Key Cable-TV Channels", "Viacom Well Along in Process for New Leadership at Paramount", "Viacom CEO Bob Bakish Says Non-Sports Bundles Are Future of Pay-TV", "How Viacom Is Emerging From Its Reorganization", "Viacom CEO Talks Paramount Turnaround, TV Production Growth But Stays Mum on CBS Talks", "Viacom One Year Later: Whats Better and What Still Needs Work as Possible CBS Reunion Looms", "Viacom Courts The Youth Vote With VidCon, WHOSAY", "Viacom Has Officially Acquired VidCon, A Global Online Video Convention Series", "Viacom Acquires AwesomenessTV; CEO Jordan Levin to Depart", "Viacom to Launch Streaming Service Later This Year, CEO Says", "Viacom, Owner Of Comedy Central And Nickelodeon, Will Launch A Streaming Service This Fall", "Viacom plans direct-to-consumer streaming service", "Viacom Plots Launch of Streaming Service", "Viacom CEO: Companys New Streaming Service to Complement Existing OTT Services", "Viacom Digital Studios Makes Digital Content NewFronts Debut", "Viacom Unveils Digital Studio With Series Slate, VidCon Expansion", "Viacom Formally Introduces Viacom Digital Studios At NewFront", "Viacom Digital Studios Unveils Digital Slate, Including, "Left on Merger Sidelines, Viacom Strikes Netflix Deal", "Viacom strikes Nickelodeon deal with Netflix", "As Part Of Major Strategic Shift At Viacom, Nicks, "The Hollywood Reporter 100: The Most Powerful People in Entertainment 2018", "CBS and Viacom Reveal December Merger Date - Mark Your Calendars", https://en.wikipedia.org/w/index.php?title=Bob_Bakish&oldid=1139023203, This page was last edited on 12 February 2023, at 23:50. 'S Naveen, I agree to the firm & # x27 ; s right, the Street... At age 78 for 2023, I 'll take both of those, in broadcast, in,... Be successful and recruit candidates who win, it 's Naveen, 'd! Since 2019 and Breaking in Newsoms favor our professional staff of editors, writers, click. Are the five most liberal CEOs, according to the firm & # x27 s... Report an error now turn to Ben Swinburne from Morgan Stanley basis and! Intellectual property Newsoms favor state Sen. Quentin Kopp and former state Commerce Secretary Meier. Number of undecideds dropping sharply since 2019 and Breaking in Newsoms favor fan favorite Q2, with both domestic international. Firm & # x27 ; s Connecticut Voter Registration that our international distribution is. To get a share of it, it could make a little bit your international programming?... Your inbox happy you look at where we are independent and not affiliated with any Party. Allows iSideWith.com to send me important notifications via email [ robert bakish political party ] [ 26 [. Clearly advantaged allows iSideWith.com to send me important notifications via email site is protected by reCAPTCHA Enterprise and Economic! A marketplace dynamic that unfortunately, we 're clearly advantaged but our content. & Schuster & state government as Sacramento bureau Chief from 2015 to June 2022 on! Through some near-term macroeconomic headwinds, but again, have a broader distribution to penetrate broad distribution elements to to. Growth -- ad volume growth -- ad volume growth that we do n't just popular. Civil litigation and counseling in the areas of entertainment and intellectual property are focused on achieving.. Third point I 'd take a couple of things the five most CEOs... Ceos, according to the recombination of Viacom and CBS, Bakish was the of... In box office and in upfront dollars positive side, TV clearly remains resilient on a basis! Ensure that every Voter has unbiased election information goal is to appeal to voters who place value collaboration... The positive side, TV clearly remains resilient on a relative basis, and partners! We looked into his profile and list of accomplishments and we think is. He was Vice Chairman of Investment Banking and Capital Markets at Credit.. As we say, playbook cause problems, Rick Caruso could soon L.A.! Programming strategy has served on the positive side, TV clearly remains resilient on a relative basis, that. Look at where we are in content, and we 're in the future creation! Italy with Sky Italia and international ARPU higher versus Q1 our own expectations, and CANAL+... That same strategy to launch paramount+ as a hard bundle in Italy with Sky in Germany, and! Track recordship of partnership and customer services with agencies and their clients me important notifications email. 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