robert bakish political partyMarch 2023
And through partnerships with Viaplay Group and Corus, we are now expanding Pluto TV's international footprint in the Nordics and Canada, respectively. If you like pizza, youll know the name Papa Johns. That's partially because we are gaining share. Whether Los Angeles voters who veered left on issues of criminal justice reform and backed Sen. Bernie Sanders (I-Vt.) in recent years want to see the Democratic Party swing toward the center remains an open question. First, we're really pleased with how the upfront played out and particularly the volume dynamic in it, which was up nicely. I know it might take some time before we get to the more profitable windows for these films to really flow through the financials. Robert Marc Bakish's Connecticut Voter Registration. Yes. Were looking for character, said Tom Campbell, a former state senator and member of Congress who serves as the partys chairman. Rick Caruso tours Grand Central Market as he continues his mayoral campaign. TV Media affiliate revenue declined 3% in the quarter. I'm particularly interested in whether that's creeping into content production costs. Republicans have been pretty consistent in their disapproval while Newsoms large margin of support among Democrats has risen. We've got more captivating content on the way, and our multi-platform approach will drive even more viewers to streaming. And based on other third-party data, Paramount+ is also the most popular premium streaming service in the U.S. to add among switchers. That came back big in the upfront. Currently, he is President, Chief Executive Officer & Director at ViacomCBS, Inc. Mr. Bakish is also on the board of 5 other companies. Please check back soon. If you look at our Q2 growth rate, particularly in digital, I think you'll find that at the top of the industry. During his accomplished career in the financial services sector spanning more than 25 years, Mr. Terrell was responsible for Credit Suisses global banking relationships with some of its most high profile clients. However, it should be mentioned that Paccar has other products and services, Read More 10 Things You Didnt Know about Paccar CEO Ronald E. ArmstrongContinue, Walmart was founded by Sam Walton in 1969. Im a Democrat, and Im proud to be a Democrat, Caruso said when asked Tuesday about his prior changes in voter registration. That's right, the Wall Street banker who runs a firm . Part of the reason is that we don't just make popular content, we also make content popular by leveraging our powerful platforms. Robert Bakish - President, CEO & Directorr Naveen Chopra - EVP & CFO Conference Call Participants Michael Morris - Guggenheim Securities Bryan Kraft - Deutsche Bank Steven Cahall - Wells Fargo. 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. This growth consisted of a 74% increase in subscription revenue and a 25% increase in advertising revenue. We just have to let it play out a bit. 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 importantly, our competitive position in the ad market is very strong. Menu Candidates > Robert Bakish > Ideology. Now because our assets continue to perform impressively across TV and streaming, advertisers are taking note even amid broader market uncertainty. Me; Robert Bakish; Economic Freedom. But there are real reasons that we see this path to superior margins. One on content spend and one on film entertainment, if I could. TV Media licensing grew 27% in the quarter, driven by the delivery of new seasons of existing series, including Jack Ryan to third parties as well as higher international licenses. Third point I'd make is this is a big year for Western Europe for us. [78], Bakish was previously Chairman of the board of Viacom 18 Media from 2007 until February 28, 2018. [77] He is also on the Board of Visitors at Columbia University's School of Engineering and Applied Science. Q2 subscriber growth benefited from the launch of Paramount+ in the U.K., Ireland and South Korea as well as continued domestic growth as we added new hit content to the service. We're continuing to fund the growth. Fans are headed back to the theaters to watch our films. Starting with direct-to-consumer. I understand that submitting my email address allows iSideWith.com to send me important notifications via email. Carusos campaign appears to be taking a concerted strategy to discuss his Republican history as little as possible, largely declining to offer further clarity on his past views. With less than a week until the Los Angeles mayoral primary, Rick Caruso's political evolution from Republican to Democrat still remains opaque to many voters in the . What the dollar commitment -- your commitment is and what your goals are there? Paramount+ will also debut a criminal minds revival, building on what is already a fan favorite. Robert M. Bakish is President and Chief Executive Officer of Paramount Global. And the 2022 cycle is starting to look like it could mirror the California gubernatorial reelection blowout wins for Gov. He previously worked as a partner with Booz Allen & Hamilton in its Media and Entertainment practice. Gupshup has become one of the largest distributors of chatbots, Read More 20 Things You Didnt Know About GupshupContinue, Ronald Armstrong is the current CEO of Paccar, which is a U.S. corporation that manufactures commercial vehicles for customers situated throughout the world. We want to hear from you! But Secretary of State Shirley Weber has delayed her announcement on qualification until Feb. 22, several weeks after candidates have launched campaigns and started lining up donors. Bakish was made the President of MTV Networks international at the beginning of 2007. So first, in terms of D2C revenue growth for the year, we continue to expect very healthy levels of D2C growth. 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 . Danbury, Connecticut. Sort of everyone, but Netflix is losing billions a year on streaming. She also enjoys creative writing, content writing on nearly any topic (particularly business and lifestyle), because as a lifelong learner, she loves to do research and possess a high skill level in this area. Robert Marc Bakish (born 1963) is listed at 17 Old Neversink Road Danbury, Ct 06811 and is affiliated with the Republican Party. Both of those have hard bundle elements to them. Filters. The challenge is whether his group can get officially recognized in time for the June 7 statewide primary. Ms. Schuman is Vice Chair of kyu collective and an Advisory Council member for MIT Media Lab, and sits on the boards of IDEO, IDEO.org and Wheels Up. And in a world where people are more and more focused on the financial envelope, particularly around streaming the benefits of our multi-platform strategy, powerful content engine and IP ownership will become clearer and clearer. So maybe not for this year, but are we approaching a period where you could see more meaningful step function improvements in Filmed Entertainment's profitability? TV Media OIBDA declined 8% in the quarter to $1.4 billion, reflecting the flow-through of lower advertising and affiliate revenue. 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. 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. Sure, Bryan. This global operation is headquartered in Bentonville, Arkansas, and, Read More Meet the Board of Directors of WalmartContinue, New Balance has been producing shoe accessories and footwear for over one hundred years and they are one of the best known trainer brands in the world. And so of course, when you think about it through that lens, you have to focus on the fact that we added 5 million Paramount+ subs in the quarter. So we're continuing to move forward. He worked there out of college and climbed the management ladder, achieving great success. Robert Bakish is a very busy executive with his responsibilities leading the Viacom company, and all of the various boards and forums that he serves on. 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. Caruso served as Kasichs California co-chair and was outspoken about his dislike for then-candidate Donald Trump. 2023 Deadline Hollywood, LLC. He previously served on the board of Convergys Corporation. We said at that time that, that would involve D2C content expense of around $6 billion. Early life and education [ edit] It's Naveen. George Deukmejian in 1986 and Gov. [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. [70][71][72][73], In September 2018, due largely to his turnaround of Viacom, The Hollywood Reporter listed Bakish as #20 in its The Hollywood Reporter 100: The Most Powerful People in Entertainment 2018. Ms. Seligman has extensive media industry experience with various leadership roles at a major media conglomerate, public company and corporate governance experience, and exceptional achievements in the legal profession. Instead he hoped to reinvent the Democratic Party to go back to what it was, I think, 30 years ago, which was very much middle of the road.. Yes, Steven, let me take the Pluto piece and then Naveen will go from there. My beliefs; My parties; My ballot; My support map; My settings; Logout; United States Speaking English. And any thoughts on growth or swing factors and investment drivers top line that would be incremental there. When Bakish first went to work for Viacom it wasnt as the head of the company but it was in a leadership position. Today's call is now concluded. Reconciliations of these non-GAAP financial measures can be found in our earnings release or in our trending schedules, which contains supplemental information and in each case, can be found in the Investor Relations section of our website. Shortly after changing his registration in 2016, Caruso told Los Angeles Magazine that he had made the switch so that he could vote for John Kasich in the Republican presidential primary that year. And we know how to transact in upfront. 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. Importantly, the vast majority of the year-over-year decline occurred in international markets where we proactively restructured key affiliate deals, resulting in a shift of revenue from our Pay TV to D2C services. | Thats because if it fails, their candidacy would be changed to that of a no party preference contender. He is a member of the Council on Foreign Relations and The Economic Club of New York. And as you pointed out, our content dollars are used differently than many of our peers. So what we're really navigating from an OIBDA perspective is the weakness in the macro advertising marketplace. Is this happening to you frequently? The start-up effort to break the two-party orthodoxy is being organized by a pair of former California lawmakers who spent much of their time in office as ideological misfits. Look no further than Top Gun: Maverick, which is already the biggest film of 2022, and our fifth #1 title this year. And then we have Germany and Austria and Switzerland with Sky in December, I believe, as well as France with CANAL+. Caruso kept his Republican Party affiliation until mid-November 2019, when he changed his registration back to no party preference, according to county records. Box office hits the Lost City and Sonic the Hedgehog 2 came to Paramount+ in May, generating terrific engagement across all demographics. She joined Sony in 2001 and served in a variety of other capacities during her tenure, including as a Corporate Executive Officer and Group Deputy General Counsel of Sony Corporation, and as General Counsel and an Executive Vice President at Sony Corporation of America, a subsidiary of Sony Corporation. We delivered 19% total company revenue growth through continued strong D2C momentum and record performance at the box off. So we like that strategy. He led the strategic planning as well as the companys business development. It really has 3 fundamental components: hard bundle, plus channel stores like Roku and Amazon and Apple, and direct D2C on an O&O basis. Search Terms: Robert Bakish Reset All Filters Page 1 of 1 Yes. We don't obviously guide to Pluto specifically. Bakish grew up in New ersy. Frequent changes in voter registration could suggest that the candidate really doesnt have a core or that they are an opportunist, Sragow said. 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. It's an important part of the equation. Campbell's career in Republican politics ended in 2010 with a failed U.S. Senate primary campaign as his centrist Republican views were drowned out by . And it's quite clear to me that we took share in this most recent upfront, There, we had digital volume up on the order of 30%. At the same time, he guided the company to launch Viacom Play Plex and other innovative mobile streaming offerings that introduced a new generation of young audiences to Viacoms popular brands and IP. [46][47][2][48][49][50] The strategy also included having Paramount Pictures develop films and franchises connected to Viacom television content; additionally, Spike TV would be rebranded as and converted to a broad-based general entertainment channel, the Paramount Network, in early 2018. But I would encourage you to think about that business more broadly, which is to say, increasingly, the value of our movies is not just about what they generated in the box office. Many, many globally renowned franchises, backed up by a deep library, I mean the economic value of going and trying to replace that library, I don't even know what it would be. And maybe, along with that, if you could talk about what you're seeing as far as specific advertiser category strength or weakness? He was listed by the Hollywood Reporter in its listing of The most powerful people in entertainment 2018 as number 20 out of 100. 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. Operations: Meghann Olshefski Mandy Morris Kelly Rindfleisch And we regularly see the value of serving consumers that don't pay for streaming as well as the ones that do, and obviously, the associated ad access. And we continue to see very healthy levels of growth there, 56% D2C revenue growth in the quarter. and we grew digital volume in the range of 30%. In 1999, she was named as the first woman to chair a major New York law firm, a position she held for 17 years. And at the same time, we're very committed to our long-term growth objectives around the D2C business, and we intend to continue to invest to support that growth opportunity. Thank you, Bob, and good morning, everyone. At this time, I would like to welcome everyone to Paramount Global's Q2 2022 Earnings Conference Call. Sure, Michael. Gary K. Hart, who served as Californias education secretary under Gov. We have Italy in September. Paramount+ saw continued engagement improvement as our content offering expanded even further. And another indicator of that strength is really the 30% digital volume growth -- ad volume growth that we saw in the upfront. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. 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. In order to qualify for ballot placement, a party must meet certain requirements that vary from state to state. The reason we got the CJ deal done in South Korea is we've been there for years, there, in a joint venture. [24] He launched the popular Colors franchise of networks via the Viacom18 joint venture in the high-growth market of India. 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