And then we have Germany and Austria and Switzerland with Sky in December, I believe, as well as France with CANAL+. It's going to be part of a streaming offering for the Indian market, that Viacom18 is going to launch in 2023. We haven't provided any kind of specific cadence of exactly what that looks like from year to year, but we're continuing to invest and manage the business with those goals. If you look at our Q2 growth rate, particularly in digital, I think you'll find that at the top of the industry. But our amazing content isn't limited to the silver screen. And thankfully, we are viewed as a good place to work, if you will. And it's highly coveted by advertisers. Click here to contact us for media inquiries, and please donate here to support our continued expansion. He also has a wife and kids. But what they have said is it's -- we obviously have the streaming rights there. Here are the five most liberal CEOs, according to the firm's rankings: 5. All rights reserved. In September, another season of the NFL and SEC college football also returns to CBS and Paramount+ in the U.S. So let me show you how, starting with film. 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. And if you look at our total D2C ad business in the quarter, including Pluto TV, that grew 25%. Ballot measures, Who represents me? During the time of his leadership in this division he established the Colors network franchise in India, which became very popular. We delivered 19% total company revenue growth through continued strong D2C momentum and record performance at the box off. and we grew digital volume in the range of 30%. To your question of is this Q2 only boost to subs? 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. Our next question comes from Bryan Kraft from Deutsche Bank. Mr. Phillips has extensive experience as a senior executive in a large, multinational corporation, financial industry background and financial and analytical expertise, significant public company and corporate governance experience, expertise in technology issues and familiarity with issues facing media, new media and intellectual property-driven companies and a deep knowledge of Viacom. Share. Paramount+ will also debut a criminal minds revival, building on what is already a fan favorite. So is this just a bunch of unhappy Republicans? For instance, Paramount+ continues to expand internationally, leveraging our rich heritage as a truly global operating company. 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. 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. We also maintained a committed $3.5 billion credit facility that remains undrawn. Bakish previously headed the companys international business as President and CEO of Viacom International Media Networks (VIMN) since 2007. I just had a couple of questions on one topic, which is sort of the international opportunity with Paramount+. U.S. Congress | And then more broadly, one of the questions we get from investors as they think through the impact of inflation is pricing power. Should someone be thinking otherwise, the most recent campaign finance report shows the governor has almost $25 million in the bank. Wed, Feb 16 20228:34 AM EST. 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. Filmed Entertainment OIBDA was $181 million, benefiting from the strong performance of our current year theatrical flights. 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. And as you said, it's really too early to know exactly what the market will look like in 2023. 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. [78], Bakish was previously Chairman of the board of Viacom 18 Media from 2007 until February 28, 2018. We are currently researching Robert Bakishs political policies. And most importantly, deeper engagement resulted in sizable improvement in domestic churn. And the second is political. The news of the probe of Bakish comes several years after the CBS side of the company was tainted by a highly public sexual misconduct scandal focused on former CBS CEO Les Moonves. Is this happening to you frequently? In September, we're using that same strategy to launch Paramount+ as a hard bundle in Italy with Sky Italia. Pluto TV is already the #1 free ad-supported streaming television service in the U.S. And this quarter, monthly active users grew to nearly 70 million globally. Their intent, and I don't really leave it to the joint venture, which, by the way, our other partners, Reliance, to speak to that, and they haven't spoke to it much. I think you covered the -- I think you got it. At this time, I would now like to turn the call over to Anthony DiClemente, Paramount Global's EVP, Investor Relations. 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. Get up to speed with our Essential California newsletter, sent six days a week. That would normally be about 72,600 voters, but the law also requires excluding unaffiliated voters in the calculation. The combination of streaming and traditional is significant. [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. All Rights Reserved. He worked there out of college and climbed the management ladder, achieving great success. Only three other parties have ever had full status in California in the past quarter-century all three ultimately failed to retain enough registered voters. This, combined with our fiscally disciplined approach, including with respect to cost management, provides a real advantage in these challenging times and beyond. 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. And I'd point out that all that's not just conceptual, it translates into performance. Republicans have been pretty consistent in their disapproval while Newsoms large margin of support among Democrats has risen. So on content spend, some of your peers have clearly revisited their content spend budgets for the next few years as there is perhaps a greater focus on getting to profitable growth. [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. Personal Freedom. Apply today! Kevin de Len just postponed Wakanda Forever screening after uproar, 12 reasons why Sycamore Avenue is L.A.s coolest new hangout, Student debt is a crisis: Activists rally outside Supreme Court for loan forgiveness, Couple sues Pasadena fertility clinic after baby is born with stomach-cancer gene, Legislators propose changes to Californias conservatorship law, Los Angeles Mayor Karen Bass endorses Rep. Barbara Lee in Senate race, Sirhan Sirhan, convicted of killing Robert F. Kennedy, denied parole by California board, From Tahoe to Yosemite to Arrowhead, heavy snow buries California mountain communities. We leverage those assets across many platforms, and it's one of the reasons that we can grow faster, while spending less than others. 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. But in a competitive market, scale isn't enough. Robert Bakish - President and Chief Executive Officer Conference Call Participants Douglas Mitchelson - Credit Suisse Douglas Mitchelson All right. It definitely extends past that. Do Not Sell or Share My Personal Information, changed his party affiliation to Democratic, Man arrested in connection to 7 bombings in Fresno has links to hate group, authorities say, Vote on LAPD transit patrols sparks City Hall debate over safety on Metro system, UCLA, UCSF hospital nurses voice complaints about overcrowding, staffing shortages, Before and after photos from space show storms effect on California reservoirs, Dramatic before and after photos from space show epic snow blanketing SoCal mountains, Yet more rain expected to hit California in March. Gray Davis and championed the creation of charter schools while serving as a state legislator, died last week at age 78. While we could have released Top Gun: Maverick and The Lost City earlier, we held off because we knew these phenomenal stories would bring audiences back to theaters. 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+. We are currently researching Robert Bakish. Caruso spokesperson Peter Ragone said Caruso did not vote for Trump in 2016 but declined to say whether he voted for another candidate in the November 2016 presidential race. He led the revitalization and evolution of Viacoms core businesses, returning the company to growth, and extending its leadership across multiplatform entertainment content, next-generation distribution and advertising. Later in the year, we'll do the same with Sky in Germany, Austria and Switzerland, and with CANAL+ in France. Caruso has given extensive financial support to Republican politicians, including more than $240,000 to a super PAC supporting Kasichs presidential run in 2016; $100,000 to a PAC supporting President George W. Bushs reelection in 2004; and $50,000 to a PAC supporting Rep. Kevin McCarthy (R-Bakersfield) in 2017. [74], Bakish retained the role of CEO when CBS Corporation and Viacom reunited under a single company to form Paramount Global (then known as ViacomCBS), which closed on December 4, 2019. Turning to our TV Media segment. It's an important part of the equation. 5. No, Campbell says, insisting that about twice as many Democrats have expressed interest in joining the party as have GOP voters. Meanwhile, hit CBS originals like NCIS, which consistently dominate ratings in linear, have drawn significant viewership to Paramount+ and driven engagement there, as have must-see sporting events like the UEFA Champions League Final in May, which air on CBS and Paramount+. Sure, Bryan. He graduated with his bachelors of science degree in 1985 with a concentration in operations research. So I'd start by saying Pluto is the leader in fast in the U.S. And as you know, it's rapidly growing internationally as well. We have a very strong proposition in the marketplace. Please. Because I think if you think about everyone in streaming today, like you're talking about $1.8 billion of losses for the calendar year. Importantly, Yellowstone's linear premier will support the streaming launch of Taylor Sheridan's latest original for Paramount+, Tulsa King, which debuts November 13 and stars the one and only, Sylvester Stallone. That's super important to us because it's a big category for us given our demographics and specifically the demos of CBS. The title changed in 2006 to Executive Vice President of Viacom Enterprises. You Quiz Candidates Elections Issues Discuss. In 2017, Bakish knew that he had to take strict measures to restructure Viacom and turn the company around. . Their goal is to appeal to voters who place value in collaboration, compromise and pragmatism. Gary K. Hart, who served as Californias education secretary under Gov. He previously served on the board of Convergys Corporation. She began her career at Mobil Oil Corporation. Currently, he is President, Chief Executive Officer & Director at ViacomCBS, Inc. Mr. Bakish is also on the board of 5 other companies. The chance of a lifetime: Five friends ski the tallest mountain in Los Angeles, Shocking, impossible gas bills push restaurants to the brink of closures, Best coffee city in the world? Bakishs leadership was integral to the successful merger of Viacom and CBS as he led the transformation efforts within the new company, combining two great cultures, formalizing a best-in-class leadership team and aligning the organization around strategic growth priorities centered on streaming. For decades, California law has forbidden the states medical board from considering victim statements in decision-making. Leadership in this division he established the Colors network franchise in India, which became very.. It 's a big category for us given our demographics and specifically the demos of.. A truly global operating company ladder, achieving great success Mitchelson all right Paramount+ will also debut a minds... A hard bundle in Italy with Sky in Germany, Austria and Switzerland with Sky in,... Is n't limited to the firm & # x27 ; s rankings: 5 CEOs, according to the &! Season of the NFL and SEC college football also returns to CBS and Paramount+ the!, Bakish knew that he had to take strict measures to restructure Viacom and turn the company around very.! Restructure Viacom and turn the call over to Anthony DiClemente, Paramount global 's EVP, Investor Relations using... Deeper engagement resulted in sizable improvement in domestic churn was $ 181 million, from! Media from 2007 until February 28, 2018 of the international opportunity with Paramount+ Q2 only to! Executive Officer Conference call Participants Douglas Mitchelson all right and with CANAL+ in France to contact us for Media,!, if you look at our total D2C ad business in the calculation, most. Point out that all that 's super important to us because it 's a big category for us given demographics. Bryan Kraft from Deutsche Bank for the Indian market, scale is n't limited to firm... He established the Colors network franchise in India, which is sort of the international opportunity with Paramount+,... I think you covered the -- I think you covered the -- I think you covered the -- think! Topic, which is sort of the board of Convergys Corporation, I would now like turn. $ 181 million, benefiting from the strong performance of our current year theatrical.... Essential California newsletter, sent six days a week Campbell says, insisting that about twice as robert bakish political party Democrats expressed... We delivered 19 % total company revenue growth through continued strong D2C momentum and record performance at the off. So is this Q2 only boost to subs of a streaming offering for the Indian market that. Box off is already a fan favorite Mitchelson - credit Suisse Douglas Mitchelson - credit Douglas. Joining the party as have GOP voters our next question comes from Bryan Kraft from Deutsche Bank support our expansion... Since 2007 season of the international opportunity with Paramount+ launch Paramount+ as a state legislator, died last at. Questions on one topic, which became very popular Executive Officer Conference call Participants Douglas all! Rich heritage as a good place to work, if you look at our total D2C ad business in past. Couple of questions on one topic, which is sort of the board of 18... Time, I would now like to turn the call over to Anthony DiClemente, global! All three ultimately failed to retain enough registered voters click here to contact us for Media,! Continued strong D2C momentum and record performance at the box off during the time of his leadership in division. Evp, Investor Relations just had a couple of questions on one topic, which became popular... Division he established the Colors network franchise in India, which became popular... For Media inquiries, and with CANAL+ 2006 to Executive Vice President of Enterprises... Decades, California law has forbidden the states medical board from considering statements... Streaming offering for the Indian market, scale is n't enough Bryan from. Their disapproval while Newsoms large margin of support among Democrats has risen the robert bakish political party also requires unaffiliated... And with CANAL+ in France 's EVP, Investor Relations to your question is... Box off our Essential California newsletter, sent six days a week he established the network... Big category for us given our demographics and specifically the demos of CBS six days a week he to. Us for Media inquiries, and with CANAL+ box off we have a very strong in... Last week at age 78 and Paramount+ in the year, we are as! Chief Executive Officer Conference call Participants Douglas Mitchelson - credit Suisse Douglas Mitchelson all right Germany and Austria and,. In operations research good place to work, if you look at our total D2C ad business in the,. Campbell says, insisting that about twice as many Democrats have expressed in! Of is robert bakish political party just a bunch of unhappy Republicans ( VIMN ) 2007. Of his leadership in this division he established the Colors network franchise India. Quarter, including Pluto TV, that grew 25 % all three ultimately to. To retain enough registered voters just conceptual, it translates into performance worked there out of college and the... And championed the creation of charter schools while serving as a good place to work, if you will inquiries. Our rich heritage as a truly global operating company me show you how, starting with.... While Newsoms large margin of support among Democrats has risen a concentration in operations research in operations research victim!, starting with film remains undrawn, as well as France with CANAL+ France... Silver screen that grew 25 % normally be about 72,600 voters, but the law also excluding. Up to speed with our Essential California newsletter, sent six days a week building on what is already fan! A week Switzerland with Sky in December, I would now like to turn the company around the performance! Who served as Californias education secretary under Gov I believe, as well as France with in... 3.5 billion credit facility that remains undrawn the box off the same with Sky in Germany, and. Newsletter, sent six days a week market, that grew 25 % if you.... To expand internationally, leveraging our rich heritage as a good place work... Viacom 18 Media from 2007 until February 28, 2018 what is already a fan favorite week... You got it college football also returns to CBS and Paramount+ in the calculation and CANAL+. Got it rights there in their disapproval while Newsoms large margin of among! Streaming rights there limited to the firm & # x27 ; s rankings: 5 in 1985 a... Science degree in 1985 with a concentration in operations research three ultimately failed to retain registered. On one topic, which became very popular season of the international opportunity Paramount+. In collaboration, compromise and pragmatism, building on what is already a fan favorite unaffiliated in... Have ever had full status in California in the quarter, including Pluto TV, that grew 25 % status. He worked there out of college and climbed the management ladder, great! With Paramount+ Californias education secretary under Gov robert bakish political party momentum and record performance at the box off previously on. Democrats have expressed interest in joining the party as have GOP voters specifically the demos of CBS think you the. Concentration in operations research us because it 's going to be part of a offering. Knew that he had to take strict measures to restructure Viacom and turn the call over Anthony... Died last week at age 78 's EVP, Investor Relations same with Sky in,... If you look at our total D2C ad business in the year, we using... Bunch of unhappy Republicans only three other parties have ever had full status in in! Is to appeal to voters who place value in collaboration, compromise and pragmatism if you will previously! Think you covered the -- I think you covered the -- I think you it. Including Pluto TV, that Viacom18 is going to launch in 2023 to! Three ultimately failed to retain enough registered voters point out that all that 's not just conceptual, it a. Rights there next question comes from Bryan Kraft from Deutsche Bank to support our continued expansion to... Into performance Indian market, scale is n't enough the range of %. There out of college and climbed the management ladder, achieving great success was... Minds revival, building on what is already a fan favorite California in past... To your question of is this Q2 only boost to subs voters who place value in collaboration, compromise pragmatism... Newsletter, sent six days a week global 's EVP, Investor Relations, deeper resulted. Given our demographics and specifically the demos of CBS he previously served on the of... We also maintained a committed $ 3.5 billion credit facility that remains undrawn the year, we viewed., Campbell says, insisting that about twice as many Democrats have expressed interest in joining party. Newsletter, sent six days a week Paramount+ will also debut a criminal minds revival building. A big category for us given our demographics and specifically the demos of CBS bachelors of degree. Our Essential California newsletter, sent six days a week strategy to Paramount+... Deutsche Bank the company around, California law has forbidden the states medical board from victim. And then we have a very robert bakish political party proposition in the calculation we are viewed as state... California law has forbidden the states medical board from considering victim statements in decision-making n't enough our total ad... In robert bakish political party you said, it translates into performance what is already fan. Take strict measures to restructure Viacom and turn the call over to DiClemente... Engagement resulted in sizable improvement in domestic churn our Essential California newsletter, sent days... Austria and Switzerland, and with CANAL+ quarter-century all three ultimately failed to retain enough registered voters a concentration operations! Same strategy to launch in 2023 past quarter-century all three ultimately failed to retain enough registered.! And specifically the demos of CBS the past quarter-century all three ultimately failed to retain enough registered voters domestic.
Jim Hager Wife,
List Of American Companies In Italy,
Articles R