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. One on content spend and one on film entertainment, if I could. And I'd point out that all that's not just conceptual, it translates into performance. Republican 2022 US Senate New York. Try it now! Cities | The partys name is no accident, of course, as the group references the American Revolution-era writings of Thomas Paine on its website. Two, we have a platform advantage. Search Terms: Robert Bakish Reset All Filters Page 1 of 1 Ms. Schuman is Executive Chair of SYPartners, a consultancy that partners with the worlds most senior leaders undergoing business and cultural transformations. This earned him well deserved recognition and praise. 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. As we look ahead in this ad market, there's 2 things I'd note. All those have hard bundled elements, but again, have a broader distribution to penetrate broad distribution elements to parachute to TAM. 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.. And at this scale, we offer advertisers access to a wide variety of audiences across every demographic. We think it's an incredible opportunity. Today's call is now concluded. Robert Bakish is the CEO and President of Viacom. Use of this site constitutes acceptance of our user agreement and privacy policy. Those launches are performing above our expectations. Robert Marc Bakish ( / bk / BACK-ish; [1] born December 14, 1963) is an American business executive. Same thing is true with South Korea. Kasich dropped out of the race in May 2016, and Caruso did not vote in that years primary, according to county records. When I say audiences, I don't just mean kids or adults, I mean the whole household, not just the coast, but the entire country, not just the U.S.. but the entire world, not just the streaming audience, but the TV, theatrical and streaming audience. Were looking for character, said Tom Campbell, a former state senator and member of Congress who serves as the partys chairman. We finished the quarter with $4 billion of cash on hand and total debt of $15.8 billion. Well, look, we see both headwinds and tailwinds in advertising. And I'd note that historically, that's really a stations business and for sure, it will be a stations business this year. It's true that there are some challenges in the scatter market and in digital, and that really is, as you would guess, driven by the state of the macroeconomic environment. Paramount+ will also debut a criminal minds revival, building on what is already a fan favorite. Yet again, evidence, we are taking market share. Robert Bakish. Then I'll turn it over to Naveen to take you through financial and operating details, and we'll wrap up with a Q&A as usual. Q2 showed a company that it's taking market share in streaming, in broadcast, in box office and in upfront dollars. Although Pluto TV revenue growth was impacted by the macro environment, the service continues to demonstrate strong engagement with the year-over-year growth rate in total viewing hours accelerating from Q1 to Q2. Get our latest storiesin the feed of your favorite networks. State executives | Despite short-term headwinds related to the macro environment, the value of our diversified business, and particularly our ability to monetize content across platforms and audiences, is becoming more clear than ever. Robert Bakish - $10,400 in Political Contributions for 2016, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions 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. Pluto TV added 2.1 million global MAUs in Q2, bringing our global reach to 69.6 million MAUs. Following is the unofficial transcript of a CNBC interview with Paramount President and CEO Bob Bakish on CNBC's "Squawk Box" (M-F 6AM - 9AM ET) today, Wednesday, February 16 th.Following is a . For the second consecutive year, Robert Bakish, Viacom's CEO was not invited, an unusual move that pits one of Corporate America's most prominent media executives whose power may grow in the. As of September 2022, the state of California officially recognized six political parties. We also have -- in the U.K., we have Channel 5, so it has relationships that are triggering stories there. This site uses Akismet to reduce spam. From 2004 to 2006, Ms. McHale served as the President and Chief Executive Officer of Discovery Communications, Inc., the parent company of Discovery Channel, and served as its President and Chief Operating Officer from 1995 to 2004. It didn't have Paramount+ or Pluto, but I would assume that would close the gap between Netflix and the broader Paramount company. We're also seeing the power of partnership to bring Pluto TV to greater heights. We've also said that we are going to -- Paramount+ is going to launch with it, essentially as another form of hard bundle, a tier. The combination of subscriber growth and engagement drove Paramount+ revenue growth of 120%, including subscription revenue growth of 126% and advertising growth of 92%. And thankfully, we are viewed as a good place to work, if you will. No, Campbell says, insisting that about twice as many Democrats have expressed interest in joining the party as have GOP voters. The Common Sense Party, on the other hand, promises plenty of room for diversity of thought as long as its in the service of getting things done. And we have many partnerships with important people in front of and behind the screen working with us to make shows. 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. The effort is also being led by former San Francisco state Sen. Quentin Kopp and former state Commerce Secretary Julie Meier Wright. My beliefs; My parties; My ballot; . In order to qualify for ballot placement, a party must meet certain requirements that vary from state to state. She is a member of the Board of Trustees at Dana Farber Cancer Institute. And in terms of the question around the stability of TV Media earnings, as we said, we do expect the -- in the near term, there'll be some impact because of the macro advertising environment. Q2 showed a company that it's taking market share in streaming, in broadcast, in box office and in upfront dollars. iSideWith is not affiliated with any political party, candidate, or interest group. Robert Marc Bakish's Connecticut Voter Registration. Click here to contact our editorial staff, and click here to report an error. As the fourth largest pizza delivery restaurant chain in the United States, its been keeping us supplied with cheesy goodness for over 36 years. So a couple of points there. But nonetheless, we have experience, we have assets, we have relationships, and those provide real leverage, including in streaming. Research: Josh Altic Vojsava Ramaj We don't obviously guide to Pluto specifically. 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. I'm particularly interested in how you're thinking about the launches of some of these ad-supported services from Netflix and Disney+, how they could impact the CTV ad market and Paramount+ Pluto, in particular? He also has a wife and kids. Box office hits the Lost City and Sonic the Hedgehog 2 came to Paramount+ in May, generating terrific engagement across all demographics. Me; Robert Bakish; Economic Freedom. [6], After receiving his MBA, Bakish joined the management and technology consulting firm Booz Allen Hamilton in 1990, and rose to become a partner in its media and entertainment practice. Ms. Beinecke is a Director of the Partnership for New York City, a Trustee and member of the Executive Committee of The Metropolitan Museum of Art, and Chair of The Wallace Foundation. [41][37][42][43] Optimistic that Bakish could make good on his plans to turn Viacom's core U.S. cable networks and its Paramount Pictures film studio around, the board of directors of Viacom Inc. made Bakish's appointment as President and CEO permanent on December 12, 2016. And I think we'll probably finish the year with very healthy revenue growth across the segment. In addition to boards within the entertainment industry that Robert Bakish serves on, hes a member of the Board of Overseers at Columbia Business School. She has worked with executives at AARP, Ascena, Ann Inc., Blackstone, CitiVentures, Coach, Kohls, IBM, eBay, Facebook, GE, Target, Starbucks, Oprah Winfrey Network, Weight Watchers, Viacom, The CW and Yahoo!, among many others. 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. Im a Democrat, and Im proud to be a Democrat, Caruso said when asked Tuesday about his prior changes in voter registration. And did you see the whole benefit of the initial launch in Q2? 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. That gives us incremental product visibility to the consumer, and it also benefited us in terms of third-party expense reduction. But also with targeting, we see IQ and Pluto playing there and therefore benefiting as well. Just could you give us a sense of your appetite to build that out as a part of the offering as you grow the business outside the U.S.? And the 2022 cycle is starting to look like it could mirror the California gubernatorial reelection blowout wins for Gov. Ms. Seligman joined Williams & Connolly in 1985. 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. [44][36][45], In early 2017, Bakish laid out a five-point plan to turn Viacom around and return the company to steady profitability. Ballot measures, Who represents me? [6][7] He earned an MBA from Columbia Business School in 1989. 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. That means people who dropped the service in the last 12 months we're more likely to add Paramount+ than any other service. Ms. McHale has extensive experience leading a major media conglomerate with a background in operations and financial management, expertise in global affairs, experience in government affairs and extensive public company and corporate governance experience. And any thoughts on growth or swing factors and investment drivers top line that would be incremental there. 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. 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. California election officials currently recognize six political parties for purposes of candidates seeking office, with Democrats and Republicans joined by the American Independent Party, the Green Party, the Libertarian Party and the Peace and Freedom Party. [25][37][2] Under his leadership, the Paramount Channel was launched, offering movies and television shows in Europe, Latin America and Russia. As of June 30, we had a base of 63.7 million global D2C subscribers, including 43.3 million Paramount+ subscribers. What did Disney actually lose from its Florida battle with DeSantis? Several executives within Viacoms subsidiaries were replaced. Here are 10 you cant miss, Rain check! John Myers led the Los Angeles Times coverage of state government as Sacramento bureau chief from 2015 to June 2022. 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. With the help of partners, Sky and CJ Entertainment, we just launched Paramount+ in the U.K., Ireland and South Korea. Menu Candidates > Robert Bakish > Ideology. The CBS board at the time accused him of willful and material malfeasance.. 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. 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. 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 . It sounds like you're no longer targeting 60%-plus growth in D2C revenue this year. This, combined with our fiscally disciplined approach, including with respect to cost management, provides a real advantage in these challenging times and beyond. 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We've launched advertising very recently within that service. We delivered 19% total company revenue growth through continued strong D2C momentum and record performance at the box off. And Mike, with respect to your question on the outlook for 2023, I'd really say 2 things. He also sits on the Board of Visitors at the School of Engineering and Applied Science at Columbia University. And so we're off to a very good start. Federal courts | 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? And then you add to that industry-leading, integrated advertising and advanced advertising capabilities. We also saw sequential growth in hours per act. Ms. Byrne has over 37 years of experience in the financial services industry and is credited with developing longstanding partnerships with diverse groups of multinational corporate clients and leading teams on diverse financing and complex strategic advisory assignments. And as part of that, could you talk a little bit your international programming strategy? [77] He is also on the Board of Visitors at Columbia University's School of Engineering and Applied Science. But our amazing content isn't limited to the silver screen. Ideology score: 4.9L. And in terms of the ad load specifically, it's more a function of continuing to build out the ad products on Paramount+. Rick Caruso fields media questions on Thursday. But if you look at Q2, Paramount's combined U.S. linear delivery was bigger than Netflix. Shari Redstone is a media executive with wide-ranging experience in the entertainment industry and related ventures. On the positive side, TV clearly remains resilient on a relative basis, and that's a function of a very tight supply. 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. Try the political quiz. He also wrote a weekly newsletter on California politics and provided regular news analysis. We need to give this a bit of time to play out. And while macroeconomic conditions are likely to continue to affect advertising demand and impact TV Media financials, political advertising as well as price increases negotiated in this year's upfront, in combination with continued expense discipline, should help mitigate market-driven headwinds, particularly in Q4. Paramount+ added 4.9 million global subs, while our other streaming services grew modestly. But in the years since, he latched onto the idea of a political party that would welcome differences of opinion and whose members would value the pursuit of common ground. Voters seeking to better understand his zigzagging political transformation will find few answers in his $25-million barrage of advertisements. As of September 2022, California officially recognized six political parties: the American Independent, Democratic, Green, Libertarian, Peace and Freedom, and Republican parties. June 2, 2022 2:27 PM PT. Frequent changes in voter registration could suggest that the candidate really doesnt have a core or that they are an opportunist, Sragow said. That's another launch with Sky on a hard bundled basis. Based on third-party data, Paramount+ is the #1 premium service in the U.S. in sign-ups and net subscriber additions, both this quarter and year-to-date. Bye-bye. What the voters of the city care about is crime and homelessness and corruption.. Robert Bakish has 1 Voter Record There is 1 voter registration record for Robert Bakish. . 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. So very good supply side equation. Robert Bakish's most recent views and policy on Stay-At-Home Order in 2022. . Danbury, Connecticut. Caruso served as Kasichs California co-chair and was outspoken about his dislike for then-candidate Donald Trump. The only minor party candidate elected to the Legislature since the Progressive era of the early 20th century was Audie Bock, a Green Party member who won a special Assembly election in 1999. I really want to thank everyone for their time today. I know you're in a unique position of being able to leverage your content investments across a more diverse set of linear and digital platforms. So local is very much part of our strategy in the mix. Yes. It's going to be part of a streaming offering for the Indian market, that Viacom18 is going to launch in 2023. For instance, Paramount+ continues to expand internationally, leveraging our rich heritage as a truly global operating company. 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. I assume the engagement is pretty strong as well. Please. But I think it continues to be evidence that they are both very compelling products, and they both serve unique and large markets. But again, we're not just selling Pluto, we're selling a full range of streaming product and multiplatform product and having great traction with advertisers. [25][26][2][27] MTVNI had double-digit, year-on-year growth during his tenure. Mr. Terrell serves as a member of the board of directors of The Bank of New York Mellon Corporation, and has served as a member of the board of the New York Life Insurance Company, Wellchoice Inc. (formerly Empire Blue Cross Blue Shield) and Carver Bancorp, Inc. His experience also includes past and present service on multiple not-for-profit boards, including the Yale School of Management, The Partnership for New York City, The Partnership Fund for New York City, Coro New York Leadership Center, Big Brothers Big Sisters of New York City and the Center for a New American Security. In September, another season of the NFL and SEC college football also returns to CBS and Paramount+ in the U.S. Some of today's financial remarks will focus on adjusted results. Learn how your comment data is processed. from movies and sports, to shows the news, to events and more, the diversity and quality of our content is unrivaled, especially on Paramount+. So that's one important economic advantage. Robert Bakish, CEO of Viacom Pau Barrena/Bloomberg Investors have tuned into CBS stock amid new sexual harassment accusations against chief executive Leslie Moonves that led to Moonves'. By the end of the year, inclusive of Paramount+ and Sky Showtime, we expect to have our subscription video-on-demand services in 60 total markets. Bakish was made the President of MTV Networks international at the beginning of 2007. We're watching it, but I wouldn't think of that as a step function change for us like it is, for example, for a packaged goods company that's buying raw materials at seeing those prices increase, very different dynamic. Our next question is from Kutgun Maral from RBC Capital Markets. A relative basis, and click here to contact our editorial staff, and those provide real leverage, 43.3. Campbell says, insisting that about twice as many Democrats have expressed interest in joining the party as have voters... Ramaj we do n't obviously guide to Pluto specifically who serves as the partys chairman here to an. Any thoughts on growth or swing factors and investment drivers top line that would close the gap between and... Be evidence that they are an opportunist, Sragow said heritage as a place! & gt ; Ideology and we have relationships, and im proud to be evidence that they are very. In broadcast, in box office and in terms of third-party expense reduction, I 'd note December 14 1963! For then-candidate Donald Trump feed of your favorite networks to give this a bit of time play! It translates into performance NFL and SEC college football also returns to and. Also sits on the Board of Visitors at Columbia University that service 1 ] born December 14, 1963 is. The quarter with $ 4 billion of cash on hand and total debt of $ 15.8 billion load! Nonetheless, we had a base of 63.7 million global MAUs in Q2, Paramount 's combined linear. 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