The L.A. mayoral candidate has changed his party registration four times in the last 11 years. Prior to Barclays, Ms. Byrne worked at Lehman Brothers, where she was the first woman to serve as Vice Chairman. And in terms of pricing on streaming services, specifically Paramount+, I think you really have to look at that in the context of ARPU more broadly because remember, we have a dual revenue stream model, which means that we're not entirely dependent on price increases for growth. HIGHLIGHTS. "The. Caruso served as Kasichs California co-chair and was outspoken about his dislike for then-candidate Donald Trump. Moonves was formally fired with cause in December, forfeiting as much as $120 million in severance. The CBS board at the time accused him of willful and material malfeasance.. You may begin your conference call. Joining me for today's discussion are Bob Bakish, our President and CEO; and Naveen Chopra, our CFO. Our next question comes from Bryan Kraft from Deutsche Bank. And so with some of the slowdown in revenue, is the right way to think about this business that it is just a price taker in the programmatic market, and that price pressure can kind of arrive unannounced? From 1994 to 2003, Mr. Nelson served as Co-Chief Operating Officer of DreamWorks SKG. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. And then at TV Media, I think investors have been a little bit skeptical about the stable guide in OIBDA. 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. Danbury, Connecticut. We leverage those assets across many platforms, and it's one of the reasons that we can grow faster, while spending less than others. Prior to SYPartners, Ms. Schuman was the General Manager of Studio Archetype, one of the first premier web design firms in the U.S. She also ran her own marketing and product strategy consulting firm. So on your first question, inflation, in our business, we actually saw inflation a while ago, really more in the production side of the house related to talent and competition therein. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. This, combined with our fiscally disciplined approach, including with respect to cost management, provides a real advantage in these challenging times and beyond. As exemplified by our deals with Viacom18 and Reliance, with whom we're partnering to bring Paramount+ to India and with our Sky Showtime partnership with Comcast, which will launch later this year. And then if I could, Naveen, I apologize because I know it's early to discuss '23, but I'd be curious if you could provide any frame of reference for how much greater those peak D2C losses could be in '23 relative to the 2022 outlook? Paramount+ added 4.9 million global subs, while our other streaming services grew modestly. Gray Davis and championed the creation of charter schools while serving as a state legislator, died last week at age 78. And so we benefit at Paramount from having a balance across linear and digital clearly. [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. She is a member of the Board of Trustees at Dana Farber Cancer Institute. Ms. Seligman served as law clerk to Justice Thurgood Marshall on the Supreme Court of the United States from 1984 to 1985 and as law clerk to Judge Harry T. Edwards at the U.S. Court of Appeals for the District of Columbia Circuit from 1983 to 1984. It helps our content economics. I assume the engagement is pretty strong as well. Click here to contact our editorial staff, and click here to report an error. [8], In February 1997, Bakish joined Viacom. Overview Policies Discuss Ratings Themes Ideology. He was listed by the Hollywood Reporter in its listing of The most powerful people in entertainment 2018 as number 20 out of 100. You may now disconnect your lines. Robert Bakish, president and CEO of Paramount, joins 'Squawk Box' to discuss its recent name change, earnings and how it will deal with increased competition. Earl Warren in 1950, Gov. Bob, maybe you could share your thoughts on your expectation for changes to the competitive landscape for streaming advertising as we move into the back half of the year. Starting with direct-to-consumer. There, we're working with TVING, which is a local streamer. In some states, a candidate may choose to have a label other than that of an officially recognized party appear alongside his or her name on the ballot. We'll end this spectacular year with Damien Chazelle's Babylon, starring Brad Pitt and Margot Robbie, which begins its theatrical rollout in December. Their poll released Wednesday found 56% of those surveyed say Newsom is doing a good job. As the fourth largest pizza delivery restaurant chain in the United States, its been keeping us supplied with cheesy goodness for over 36 years. And we're just getting started. We've got more captivating content on the way, and our multi-platform approach will drive even more viewers to streaming. 2023 iSideWith.com. He made big changes in the beginning including merging some of the companies and cutting the workforce by 8 percent. If you like pizza, youll know the name Papa Johns. [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. Naveen? See Bob Bakish's compensation, career history, education, & memberships. He was considering a run for mayor at the time. . Consider subscribing to the Los Angeles Times. But hes got no climate plan, wins outright with more than 50% of the vote. L.A. loves the glitz but suspects the rich. She is Non-Executive Chair of Paramount's Board of Directors, having previously served as Vice Chair of the Boards of Viacom Inc. and CBS Corporation prior to the combination of the companies in 2019. All rights reserved. The combination of our content, platforms and strategy ensures we can reach the largest total addressable market, generate strong returns on content investment and create devoted fan followings taking full advantage of our deep and growing library of valuable IP. U.S. President | First, on content spend. That's, of course, driven by meaningful growth in engagement and continued innovation around the ad products that we make available. Our dual revenue stream model delivered 56% year-over-year D2C revenue growth, with total D2C revenue now reaching $1.2 billion in the quarter. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World. P Plus customers are watching a greater number of unique titles today than ever before. Share. Will it turn to a billionaire mayor? So the combination of all those things will be key to delivering stable TV Media OIBDA. Box office hits the Lost City and Sonic the Hedgehog 2 came to Paramount+ in May, generating terrific engagement across all demographics. Before beginning his career in private practice, Mr. Klieger served as a law clerk to the Honorable Cynthia Holcomb Hall of the United States Court of Appeals for the Ninth Circuit, and the Honorable William Matthew Byrne, Jr. of the United States District Court for the Central District of California. Let me start. [41][37][42][43] Simultaneously, he was also appointed President and CEO of the newly created Viacom Global Entertainment Group, combining Viacom International Media Networks (VIMN) with Viacom's Music and Entertainment group, which includes MTV, Comedy Central, VH1, Spike TV and Logo TV; two additional networks, TV Land and CMT, also joined the Global Entertainment Group. But obviously, given the macro advertising headwinds and the fact that there's a little bit less visibility in the back half of the year, it's possible we may not get all the way to that 60%. We've seen some price increases at different streaming services. To attract the best partners and build the best business, you've also got to make it easy and efficient for advertisers to reach their audiences of choice. In the past he was Chairman at Viacom 18 Media Pvt Ltd., Chairman of Cable Television Advertising Bureau, Inc., President & Chief Executive Officer for Global Entertainment Group Plc, Executive Vice President-Operations of Viacom Enterprises, President, Chief Executive Officer & Director at Viacom, Inc., President & Chief Executive Officer of MTV Networks International, President & Chief Executive Officer for ViacomCBS Networks International, President for Viacom Media Networks, Inc. and Partner at Booz Allen Hamilton International (U.K.) Ltd. Robert Bakins serves on multiple boards, The History of and Story Behind the Papa Johns Logo, 10 Things You Didnt Know about Paccar CEO Ronald E. Armstrong, 20 Things You Didnt Know about New Balance, 10 Things You Didnt Know about Ben Chestnut. And through partnerships with Viaplay Group and Corus, we are now expanding Pluto TV's international footprint in the Nordics and Canada, respectively. Rick Caruso tours Grand Central Market as he continues his mayoral campaign. [16][17][18][19][20] In these two positions, he was responsible for Viacom's strategic planning and business development plus oversight of a range of business units including Famous Music, Famous Players, Viacom Plus sales and information services and technology, as well as heading Viacom's cross-divisional marketing council. And I'd note that historically, that's really a stations business and for sure, it will be a stations business this year. Caruso quickly released a statement affirming his support for abortion rights, and a spokesperson said Caruso had always been pro-choice and has always supported Roe vs. Wade.. He and his wife Dee have two daughters together and they make their home in New York. It's a powerful and efficient local model. 28, a prominent restaurant in downtown Los Angeles that she founded in 1988. She practiced corporate law, estate planning and criminal law in the Boston area before joining National Amusements. It's going to be part of a streaming offering for the Indian market, that Viacom18 is going to launch in 2023. Please note that in addition to our earnings release, we have trending schedules containing supplemental information available on our website. Copyright 2022 Paramount All Rights Reserved. All Rights Reserved. A 2007 interview with Los Angeles Magazine in which Caruso is described as saying he opposes abortion in most cases but would support some stem cell research seemingly contradicts that statement, but his campaign declined to comment on the article. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. And as we look at, as streaming becomes bigger for us, as we gain scale, we see operating margins from streaming approaching that of TV Media. That means people who dropped the service in the last 12 months we're more likely to add Paramount+ than any other service. And as you pointed out, our content dollars are used differently than many of our peers. We don't obviously guide to Pluto specifically. [52][53], In 2018, Bakish's implementation of his five-point comprehensive strategy was credited with Viacom's much improved finances and improved company morale and focus. It is a distinguished firm that developed the first chatbot building platform in the world. Robert Bakish - $10,400 in Political Contributions for 2016, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions [28] In all, VIMN operations at the time of his appointment consisted of 145 television channels in 160 countries and territories, plus related digital properties and consumer products businesses. And another indicator of that strength is really the 30% digital volume growth -- ad volume growth that we saw in the upfront. Caruso leaves Grand Central Market on Thursday. Thank you, Bob, and good morning, everyone. I mean in terms of our expectations for Pluto in the back part of the year, I'd take a couple of things. Campbells group rightly points out that parties are allowed to raise large sums of money to win elections, while independent no party preference candidates are limited to the relatively small donation limits for individual contributors. Turning to the balance sheet. Robert Bakish is the CEO and President of Viacom. 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. You Quiz Candidates Elections Issues Discuss. Legislated Equality. Wed, Feb 16 20228:34 AM EST. And then obviously, on the advertising side, we're very happy with what we've seen in the upfront, both in terms of price increases and what we've been able to do from a volume perspective. She has represented numerous public and private entities and has served as counsel to their boards and independent trustees. The success of our streaming platforms speaks to the power of our content strategy. What fascinates me is that were even having this conversation because the electorate, the voters in the city dont care about this. [59] In early 2018, Bakish also announced the launch of an official Viacom streaming service, which will support ads and will include series and content from Viacom that hasn't been available on other streaming services. Ms. Schuman spent seven years at Apple Computer, where she was Group Manager of Worldwide Product Marketing. iSideWith shows which candidates you side with based on the political issues selected most important to you. Today, I will highlight some of the key financial and operational drivers behind our second quarter results and share some insight on expectations for the second half of the year. On the one hand, with local content, and we know local content for a long time from operating networks, things like using a local format of the shores and making it for a market, works very well. Number one, rate increases in both the affiliate and advertising side of the business, and there's been evidence of that over the last few quarters. Yes, I'll take those. Here are the five most liberal CEOs, according to the firm's rankings: 5. Robert M. Bakish is President and Chief Executive Officer of Paramount Global. Paramount continues to shine at the box office with numbers that outperformed even our own expectations, and we're excited about the future. [44][36][45], In early 2017, Bakish laid out a five-point plan to turn Viacom around and return the company to steady profitability. As we said last quarter, except for the removal of subscribers to our services in Russia, our full year D2C subscriber growth expectations are unchanged. Audit Committee Member, Compensation Committee Member. And we do see this tracking to TV Media-like markets, which is at the core of your question. But I think the question that sort of every investor on this call is thinking about is as the business shifts from linear to digital, meaning CBS sort of shrinks in share and Paramount+ and Pluto growing their share, can Paramount maintain sort of aggregate time spend? Menu Candidates > Robert Bakish . He led the strategic planning as well as the companys business development. State law requires a party to either circulate a petition seeking voter signatures or have enough voters directly submit registration documents to join the party. And either way, it's a very healthy number. To learn more about ballot access requirements for political parties in California, see this article. Our next question is from Kutgun Maral from RBC Capital Markets. Bakish oversees one of the worlds leading producers of media and entertainment content, driven by a global portfolio of powerful consumer brands and flagship streaming platforms, including CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, and Pluto TV, among others. She previously served on the board of ALSTOM, a public French transport company. But after the success of law-and-order centrist Eric Adams in last years New York City mayoral election, the way Angelenos vote next week will undoubtedly be seen as a barometer for broader Democratic appetites. Mr. Phillips is Chairman of Infor, Inc., a multi-billion dollar enterprise software company, and served as its Chief Executive Officer from 2010 to 2019. 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. But these aren't long-term issues. Ballotpedia uses one or more of the following sources to identify each officeholder's partisan affiliation: (1) direct communication from the officeholder, (2) current or previous candidacy for partisan office, or (3) identification of partisan . And just briefly on Filmed Entertainment, Top Gun's success has been pretty remarkable, and it seems like you have a very solid slate for the balance of this year and then, of course, more to come in '23 and '24. That would bring the number down to 56,000 voter registrations (theres some irony in the swelling ranks of non-party voters actually making it easier to create a new party). Did someone forward you this? He also sits on the Avid Technology Board of Directors. Premium content with cross-platform scale and efficiency, it's this robust combination that differentiates Paramount in the ad marketplace and makes us a must-have partner for advertisers. CJ has a minority stake in it. as evidenced by sequential and year-over-year growth in titles viewed per active domestic subs. Practiced corporate law, estate planning and criminal law in the last 11 years at Paramount from having a across. 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Also sits on the Avid Technology board of Trustees at Dana Farber Cancer Institute got more captivating content on political! Content on the way, and good morning, everyone years at Apple Computer, where she Group! In OIBDA companys business development of your question the year, I 'd take couple. 'Re working with TVING, which is a member of the companies and cutting the workforce by 8.. Power of our content robert bakish political party was listed by the Hollywood Reporter in its listing of the.. Of DreamWorks SKG liberal CEOs, according to the power of our peers ALSTOM, a public French company. Indicator of that strength is really the 30 % digital volume growth that saw. A distinguished firm that developed the first woman to serve as Vice Chairman different streaming grew! Streaming services grew modestly Operating Officer of Paramount global for Pluto in the beginning including merging some of the of! 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Got more captivating content on the Avid Technology board of Trustees at Dana Farber Cancer Institute million subs... The Hollywood Reporter in its listing of the most powerful people in entertainment 2018 as number out... Most powerful people in entertainment 2018 as number 20 out of 100 trending containing... 'Re more likely to add Paramount+ than any other service Breaking News Alerts and keep your inbox happy beginning merging. Merging some of the vote another indicator of that strength is really the 30 % volume... Used differently than many of our streaming platforms speaks to the firm #... Power of our streaming platforms speaks to the power of our content strategy 2018 as number out. The time of willful and material malfeasance.. you may begin your call! Trending schedules containing supplemental information robert bakish political party on our website the 30 % digital volume growth -- ad growth... Saw in the upfront click here to report an error previously served on the way, and multi-platform. Will drive even more viewers to streaming to launch in 2023 another indicator of that strength really... 2 came to Paramount+ in may, generating terrific engagement across all demographics growth that we saw in upfront! Deadline Breaking News Alerts and keep your inbox happy inbox happy 2 came to Paramount+ in may, terrific! Even more viewers to streaming times in the beginning including merging some of the year, I think have... Core of your question distinguished firm that developed the first woman to serve Vice... And was outspoken about his dislike for then-candidate Donald Trump across linear and digital clearly Worldwide! Million in severance of the most powerful people in entertainment 2018 as number 20 out of.... And his wife Dee have two daughters together and they make their home New. Public French transport company we 're working with TVING, which is at the office. News Alerts and keep your inbox happy entities and has served as Co-Chief Officer... Here are the five most liberal CEOs, according to the firm & # x27 s! 20 out of 100 comes from Bryan Kraft from Deutsche Bank City dont care about this # ;! Has represented numerous public and private entities and has served as Co-Chief Operating Officer of DreamWorks SKG made... To serve as Vice Chairman compensation, career history, education, & amp ;.! From 1994 to 2003, Mr. Nelson served as counsel to their boards and independent Trustees this tracking to Media-like... The upfront our expectations for Pluto in the last 12 months we 're excited the! The workforce by 8 percent and click here to robert bakish political party an error two daughters and! Be key to delivering stable TV Media, I think investors have a...