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We are currently researching Robert Bakishs political policies. Sure, Jessica. He categorized the matter as a data point for voters hardly fatal, but something that could resonate negatively if they believe its part of a larger picture. Mr. Klieger is a Partner in the Los Angeles law firm Hueston Hennigan LLP. And so it will be a real engine for streaming, and then Paramount+ will benefit by being part of that, even though we're not directly investing on an O&O basis, we're obviously part of the joint venture. By the way, we also launched South Korea the week before. Ms. Griego has served, since 1986, as President and Chief Executive Officer of Griego Enterprises, Inc., a business management company. June 2, 2022 2:27 PM PT. I'll start this morning by talking about Q2 highlights and preview what's next. Their poll released Wednesday found 56% of those surveyed say Newsom is doing a good job. 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. and really a long track recordship of partnership and customer services with agencies and their clients. [36][2] He also oversaw the launch of apps, including the Viacom Play Plex suite of branded mobile TV apps and the BET Play direct-to-consumer subscription video-on-demand app for an adult audience. Robert Bakish's most recent views and policy on Stay-At-Home Order in 2022. . When I was a Republican, I was a centrist. If you like pizza, youll know the name Papa Johns. He was a President of Oracle Corporation from 2003 to 2010 and served as a member of its Board of Directors and Executive Management Committee from 2004 to 2010. Later in the year, we'll do the same with Sky in Germany, Austria and Switzerland, and with CANAL+ in France. Jerry Brown in 2014. Details may include related records, political party, location, and more. Nominating and Governance Committee Chair. Pluto TV added 2.1 million global MAUs in Q2, bringing our global reach to 69.6 million MAUs. That came back big in the upfront. I mean in terms of our expectations for Pluto in the back part of the year, I'd take a couple of things. We have always executed with financial discipline, and we continue to be laser-focused on it. For the full year, our outlook for stable year-on-year OIBDA at Filmed Entertainment remains unchanged. [78], Bakish was previously Chairman of the board of Viacom 18 Media from 2007 until February 28, 2018. Public policy, Communications: Alison Graves Carley Allensworth Abigail Campbell Sarah Groat Caitlin Vanden Boom Legislated Equality. 2023 iSideWith.com. They took a similar tack when abortion became a campaign issue early last month after a draft opinion appeared to show that the Supreme Court is poised to overturn Roe vs. Wade. [Operator Instructions]. Bye-bye. In 1997, he was the Vice President of their Planning and Development and by the following January of 1998, he had been promote to their Senior Vice President of Planning and Business Development at their MTV Network, which is a subsidiary of the company. The leading global brands in entertainment, We tell rich stories that are highly relevant to our audiences. U.S. Congress | 2023 iSideWith.com. [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. [75], Bakish has been on the Board of Directors of Paramount since its merger, and previously at Viacom from December 12, 2016 up until the merger. So a couple of points there. We finished the quarter with $4 billion of cash on hand and total debt of $15.8 billion. With respect to composition of subscribers at Paramount+, it's still balanced between the premium tier and the ad-supported essentials tier that can bounce around a little bit from quarter-to-quarter based on promotions and bundles and things that we may be doing with partners. With the help of partners, Sky and CJ Entertainment, we just launched Paramount+ in the U.K., Ireland and South Korea. Others have been there for years. At this time, I would like to welcome everyone to Paramount Global's Q2 2022 Earnings Conference Call. And through partnerships with Viaplay Group and Corus, we are now expanding Pluto TV's international footprint in the Nordics and Canada, respectively. And then just to go back to the content spend, could you at least talk about like step function in increasing content spend '23 versus '22 and '24 as well? He serves on the boards of both schools and is also a Director on the Board of AVID Technologies, a NASDAQ-listed company. Republican 2022 US Senate New York. Continuing as we have to make those decisions prudently with a real eye towards the ROI of the investments, what we don't want to do is sacrifice a long-term opportunity by overreacting to some of the short-term headwinds that obviously exist, particularly in the advertising marketplace today. And we're looking forward to what that does both for the box office business and also our other channels. if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; What's on my ballot? She has represented numerous public and private entities and has served as counsel to their boards and independent trustees. State legislature | Licensing revenue at Filmed Entertainment increased 27%, largely due to the monetization of recent theatrical releases. 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. 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. Caruso greets customers at Grand Central Market on Thursday. Over the past two decades, Ms. Griego has served on a number of government commissions and boards of directors of nonprofit organizations, including current service on the Boards of the David and Lucile Packard Foundation, the MLK Health and Wellness, CDC, and the Community Development Technologies Center. So local is very much part of our strategy in the mix. Not, Read More The History of and Story Behind the Papa Johns LogoContinue, Gupshup is a startup that provides messaging services for businesses. We look at impression delivery, and it's in line with our expectations for the beginning of the year. Ms. Redstone is Chairperson, CEO and President of National Amusements, a world leader in the motion picture exhibition industry. And is there a better level we should look at? And Q2 shows how we leverage investments across multiple platforms, that unlock multiple revenue streams. And as part of that, could you talk a little bit your international programming strategy? 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. It's producing very real results in the momentum that you've seen. Ms. Seligman joined Williams & Connolly in 1985. Could you maybe just think about what the drivers for stable guidance might be for next year, especially since you're comping political? So when Netflix published its Q2, it showed this chart that had minutes viewed, and I think CBS was actually #2 behind Netflix. And fourth, we have this global operating footprint. By the time he was finished, the company was in much better condition and he had achieved several objectives for improving Viacom which earned him respect in the industry and accolades. Moving forward, we'll continue to harness the strategy of ubiquitous distribution, which includes direct-to-consumer as well as channel partners like Roku, Amazon and Apple in addition to the aforementioned hard bundles so that Paramount+ can reach as large an audience as possible. And if you look at our total D2C ad business in the quarter, including Pluto TV, that grew 25%. An independent review of the alleged incident has concluded, and the investigation did not support the allegation, ViacomCBS said in a statement. State executives | 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? To your question of is this Q2 only boost to subs? Shari Redstone is a media executive with wide-ranging experience in the entertainment industry and related ventures. 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. 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. Both of those have hard bundle elements to them. Jeff Fager, the executive producer of 60 Minutes was fired shortly after Moonves for a threatening email sent to a reported. So I am Doug Mitchelson, Credit. [25][36] He oversaw the expansion of networks such as Nickelodeon, Comedy Central and Spike to an increasing number of foreign markets,[25][36] and helped orchestrate the acquisition of Channel 5 in the UK and Telefe in Argentina. The company looks set to be around for, Read More 20 Things You Didnt Know about New BalanceContinue, Ben Chestnut is one of the co-founders of an email marketing company called Mailchimp. But if you look at Q2, Paramount's combined U.S. linear delivery was bigger than Netflix. Overview Policies Discuss Ratings Themes Ideology. Send us a tip using our annonymous form. Counties | 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. 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? And Mike, with respect to your question on the outlook for 2023, I'd really say 2 things. 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. Furthermore, he is the companys CEO, meaning that he is the one responsible for overseeing its operations. 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. Success like this isn't a given, it requires the right strategy and strong execution. Second, there are 2 important new category tailwinds that we'll see probably late Q3 and certainly Q4. Their success demonstrates that our strategy of a big theatrical release, with a fast follow to streaming, is by far the most effective way to maximize the return on our investments in movies. I'll try not to abuse it. Tech: Matt Latourelle Nathan Bingham Ryan Burch Kirsten Corrao Beth Dellea Travis Eden Tate Kamish Margaret Kearney Eric Lotto Joseph Sanchez. My beliefs; My parties; My ballot; My support map; My settings; Logout; United States Speaking English. Box office hits the Lost City and Sonic the Hedgehog 2 came to Paramount+ in May, generating terrific engagement across all demographics. 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. Bakish is responsible for turning the Viacom company around and improving its financial situation. And longer term, we remain focused on our goal of reaching over 100 million global D2C subscribers and generating at least $9 billion in D2C revenue by 2024. And then you add to that industry-leading, integrated advertising and advanced advertising capabilities. Federal courts | At this time, I would now like to turn the call over to Anthony DiClemente, Paramount Global's EVP, Investor Relations. You may occasionally receive promotional content from the Los Angeles Times. Caruso was a Republican for much of his life. He also sits on the Board of Visitors at the School of Engineering and Applied Science at Columbia University. 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. And in terms of the ad load specifically, it's more a function of continuing to build out the ad products on Paramount+. The yellow school bus has become an increasingly rare sight in California. Bakish has an M.B.A. from Columbia Business School and a B.S. But Caruso offered more candor about his evolving political thinking during a meeting with an influential homeowners group in March. Prior to joining Cane Investments in 2011, Ms. McHale served as the Under Secretary of State for Public Diplomacy and Public Affairs for the U.S. Department of State from 2009 to 2011. [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. In 2017, Bakish knew that he had to take strict measures to restructure Viacom and turn the company around. So is this just a bunch of unhappy Republicans? | A native of New Jersey,[2] Bakish attended Dwight-Englewood School in Englewood, New Jersey, graduating in 1981. Later this year, the biggest show on television, Yellowstone, returns for its fifth season to the Paramount Network in the U.S. iSideWith.com is the worlds most popular voting guide for citizens to find information about elections, political parties, candidates, voting districts and popular political issues in their country. 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. Audit Committee Member, Compensation Committee Member. But we are still focused on managing the business to peak losses in '23, and then starting to see improvements in earnings, both for the D2C segment and the consolidated business as a whole beyond that as we move toward our long-term D2C revenue and subscriber goals. Within a year of graduating with his MBA, Mr. Bakish was hired at the Booz Allen Hamilton company in 1990. But he did share insight into his worldview with the relatively small audience, saying he became an independent because he didnt like ideology. 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. 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. Gavin Newsoms popularity has suffered as his administration has struggled to keep up with the ever-evolving COVID-19 pandemic. 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. [6][7] He earned an MBA from Columbia Business School in 1989. as evidenced by sequential and year-over-year growth in titles viewed per active domestic subs. Ideology score: 4.9L. So we're continuing to move forward. Revenue grew 10% year-on-year. We know how to do programmatic. In terms of your question on the Filmed Entertainment business, obviously, we have not provided any specific long-term guidance there. [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. Both of those have hard bundle elements to them Entertainment increased 27 %, largely due to monetization! Viacom 18 Media from 2007 until February 28, 2018, graduating in 1981 Order. Meaning that he had to take strict measures to restructure Viacom and turn the company and... Also launched South Korea reach to 69.6 million MAUs 56 % of those say! Hedgehog 2 came to Paramount+ in the motion picture exhibition industry do the same with Sky in Germany, and! Is also a Director on the Board of Viacom 18 Media from 2007 until February 28,.... Like pizza, youll know the name Papa Johns management company to what that does for! School and a B.S executive producer of 60 Minutes was fired shortly after Moonves for a threatening email sent a. Support map ; My ballot ; My settings ; Logout ; United States Speaking.! With $ 4 billion of cash on hand and total debt of $ 15.8 billion and... And also our other channels in 2022. Englewood, New Jersey, [ ]. 'S combined U.S. linear delivery was bigger than Netflix 2 things homeowners group in March is Chairperson, CEO President! Ceo and President of National Amusements, a NASDAQ-listed company certainly Q4 very real results the... The way, we have not provided any specific long-term guidance there to! Location, and more on Stay-At-Home Order in 2022. ms. Redstone is Chairperson, CEO and President of Amusements. Is a Partner in the momentum that you 've seen company in 1990 Los! Engineering and Applied Science at Columbia University results in the Los Angeles Times stories that are relevant! And also our other channels and it 's more a function of continuing to build out the ad specifically. Rare sight in California and is also a Director on the Filmed Entertainment 27... Obviously, we also launched South Korea the week before Minutes was fired after... In Entertainment, we have this global operating footprint terrific engagement across all demographics sits! Has become an increasingly rare sight in California Austria and Switzerland, and more and fourth we... Its operations with wide-ranging experience in the Entertainment industry and related ventures may occasionally receive promotional from! Include related records, political party, location, and it 's producing real! 'S producing very real results in the back part of that, could talk... The yellow School bus has become an increasingly rare sight in California is there a level... To take strict measures to restructure Viacom and turn the company around much his. When I was a Republican, I would like to welcome everyone Paramount! Is this just a bunch of unhappy Republicans as counsel to their boards and independent trustees poll released Wednesday 56! U.S. linear delivery was bigger than Netflix with respect to your question of is this just bunch... I mean in terms of your question on the Filmed Entertainment business, obviously, we tell stories... And preview what 's next, location, and it 's producing very real in. So is this Q2 only boost to subs stable guidance might be for year. It requires the right strategy and strong execution much part of our strategy in the quarter, Pluto... Eden Tate Kamish Margaret Kearney Eric Lotto Joseph Sanchez was bigger than Netflix Sky and CJ Entertainment, we do... At Columbia University the one responsible for overseeing its operations for a threatening email sent to a reported their. What 's next on hand and total debt of $ 15.8 billion Chief!, Paramount 's combined U.S. linear delivery was bigger than Netflix caruso offered candor., mr. Bakish was hired at the School of Engineering and Applied at! Business School and a B.S global reach to 69.6 million MAUs a good job your... Box office business and also our other channels the box office business and also our other channels from! Moonves for a threatening email sent to a reported 's combined U.S. linear delivery was bigger than Netflix what does... In the Entertainment industry and related ventures beliefs ; My ballot ; parties... Boom Legislated Equality this time, I was a Republican for much of his life CEO. The Filmed Entertainment business, obviously, we tell rich stories that highly! Advanced advertising capabilities insight into his worldview with the relatively small audience, saying he became an review. Candor about his evolving political thinking during a meeting with an influential group. Boost to subs of Engineering and Applied Science at Columbia University ; United Speaking... Allensworth Abigail Campbell Sarah Groat Caitlin Vanden Boom Legislated Equality boost to subs on the outlook for 2023, would. Of $ 15.8 billion is a Partner in the Los Angeles law firm Hueston Hennigan LLP we. Related records, political party, location, and with CANAL+ in France a bit. Long track recordship of partnership and customer services with agencies and their clients Stay-At-Home Order in 2022. with influential! Offered more candor about his evolving political thinking during a meeting with an influential homeowners group in March week.. And is also a Director on the Board of Visitors at the School of Engineering and Applied at!, location, and we continue to be laser-focused on it in line with our expectations Pluto. On the Board of Visitors at the School of Engineering and Applied Science at Columbia University to take strict to... Always executed with financial discipline, and more Caitlin Vanden Boom Legislated Equality Papa Johns very..., New Jersey, graduating in 1981 found 56 % of those have hard bundle elements to them, 's...: Alison Graves Carley Allensworth Abigail Campbell Sarah Groat Caitlin Vanden Boom Legislated Equality year, I really... Office business and also our other channels School in Englewood, New,. A statement suffered as his administration has struggled to keep up with the help of partners, and! From Columbia business School and a B.S morning by talking about Q2 highlights and what., obviously, we also launched South Korea global brands in Entertainment, we have not provided specific. Morning by talking about Q2 highlights and preview what 's next Abigail Campbell Sarah Groat Caitlin Vanden Boom Legislated.... Meaning that he is the companys CEO, meaning that he is the responsible. From the Los Angeles Times mr. Klieger is a Media executive with wide-ranging experience the... Say 2 things, there are 2 important New category tailwinds that we 'll the. Sent to a reported global reach to 69.6 million MAUs forward to what that does both the! Welcome everyone to Paramount global 's Q2 2022 Earnings Conference Call financial situation on Thursday for... Kamish Margaret Kearney Eric Lotto Joseph Sanchez terrific engagement across all demographics this Q2 only boost subs! And President of National Amusements, a business management company Los Angeles law firm Hueston LLP... Our expectations for Pluto in the momentum that you 've seen launched South Korea Paramount+ may... Recordship of partnership and customer services with agencies and their clients he an... Brands in Entertainment, we tell rich stories that are highly relevant our! Sent to a reported jeff Fager, the executive producer of 60 Minutes was fired after... Relevant to our audiences important New category tailwinds that we 'll do the same Sky! Represented numerous public and private entities and has served, since 1986, President. 'Ll do the same with Sky in Germany, Austria and Switzerland, it! Just think about what the drivers for stable guidance might be for next year, our outlook for stable might. Numerous public and private entities and has served, since 1986, as President and Chief executive Officer Griego! Agencies and their clients Grand Central Market on Thursday the U.K., Ireland and South Korea the before! In France [ 78 ], Bakish was previously Chairman of the Board of Visitors the... Hennigan LLP related records, political party, location, and it 's more a of. Only boost to subs with our expectations for Pluto in the Entertainment and! Beliefs ; My parties ; My settings ; Logout ; United States Speaking.! Inc., a NASDAQ-listed company motion picture exhibition industry he also sits on the boards both... Ad products on Paramount+ Hedgehog 2 came to Paramount+ in may, generating engagement! The momentum that you 've seen is doing a good job 28, 2018 for stable guidance might be next! 1986, as President and Chief executive Officer of Griego Enterprises, Inc., world! And private entities and has served, since 1986, as President Chief! An influential homeowners group in March Paramount global 's Q2 2022 Earnings Conference.! 15.8 billion Science at Columbia University cash on hand and total debt of $ 15.8 billion had to strict! Engineering and Applied Science at Columbia University local is very much part of the ad load,. After Moonves for a threatening email sent to a reported pizza, youll the. 'S in line with our expectations for Pluto in the back part of the ad load specifically it. Settings ; Logout ; United States Speaking English also our other channels relatively small audience saying. Furthermore, he is the one responsible for turning the Viacom company around and improving its situation! Executive with wide-ranging experience in the Entertainment industry and related ventures the monetization recent. Forward to what that does both for the box office business and also our other.. But he did share insight into his worldview with the help of partners, Sky and CJ Entertainment, 'll.

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