robert bakish political party

A couple of clarifications and a question, if I can. Second, there are 2 important new category tailwinds that we'll see probably late Q3 and certainly Q4. I'll start this morning by talking about Q2 highlights and preview what's next. So we're very excited about the future. Q2 showed a company that it's taking market share in streaming, in broadcast, in box office and in upfront dollars. It's an important part of the equation. We couldn't be prouder. We continue to look at how we optimize the tiering along with that, but it's part of a broader overall ARPU story. We had broadcast and cable pricing increase at the same high single-digit rate. Ms. Redstone serves on the Board of Trustees for the Paley Center for Media and is actively involved in charitable, civic and educational organizations. Ms. Griego has served, since 1986, as President and Chief Executive Officer of Griego Enterprises, Inc., a business management company. But on the other hand, it sounds like OIBDA losses for DTC this year are shaping up to be closer to $1.8 billion versus expectations for $1.5 million before. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Good morning, everyone. Then the U.S. government blindsided it, Before and after photos from space show storms effect on California reservoirs, Yet more rain expected to hit California in March. And we do see this tracking to TV Media-like markets, which is at the core of your question. And as you pointed out, our content dollars are used differently than many of our peers. Could you maybe just think about what the drivers for stable guidance might be for next year, especially since you're comping political? Paramount Global (NASDAQ:PARA) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET, Robert Bakish - President, CEO & Directorr, Jessica Reif Ehrlich - Bank of America Merrill Lynch. But nonetheless, we have experience, we have assets, we have relationships, and those provide real leverage, including in streaming. Our quarter end totals reflect the removal of 3.9 million D2C subs in Russia, of which 1.2 million were from Paramount+, consistent with our plan to remove these subscribers from our reporting. We continue to monetize them from a catalog perspective. Morgan Miller, chair of a political action committee promoting Rep. Karen Bass (D-Los Angeles) for mayor, suggested that Caruso was attempting to buy his way into the mayors office with distorted facts and revisionist history about his lifelong Republican ties.. TV Media affiliate revenue declined 3% in the quarter. Several executives within Viacoms subsidiaries were replaced. Send us a tip using our annonymous form. 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. That's right, the Wall Street banker who runs a firm . Through a strategy to deepen and expand Viacoms presence in digital and live experiences, Bakish also stewarded the key acquisitions of free streaming television service Pluto TV; Gen-Z focused brand Awesomeness; influencer marketing firm WHOSAY; and VidCon, the worlds largest celebration of online video fans and creators. 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. 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. In order to be recognized by the state, a political party must fulfill certain requirements, which are detailed here.[1]. Use of this site constitutes acceptance of our user agreement and privacy policy. In still other states, an aspiring political party must register a certain number of voters. Tom Campbell, chair of the Common Sense Party. [82][83], Bakish and his wife Dee live in New York and have two daughters. From June 2010 to December 2017 he was Vice Chairman of Investment Banking and Capital Markets at Credit Suisse. Get up to speed with our Essential California newsletter, sent six days a week. June 2, 2022 2:27 PM PT. It's producing very real results in the momentum that you've seen. So I was curious if you had an updated view on what the appropriate level of content spend is evolving into for Paramount, whether that's for the total company or just for DTC? It sounds like you're no longer targeting 60%-plus growth in D2C revenue this year. 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. Deadline is a part of Penske Media Corporation. Robert Marc Bakish ( / bk / BACK-ish; [1] born December 14, 1963) is an American business executive. [21][18][22][12], In January 2007 Bakish became President of MTV Networks International (MTVNI),[23] with financial and management responsibility for MTVNI, overseeing all MTV Networks operations outside the U.S.[22] He immediately restructured MTVNI, cutting 8% of the workforce in addition to merging some overseas units with the UK business and devolving responsibilities for Latin American operations to new offices across the region. I just wanted to pick up on some of the Pluto line of questioning. His track record speaks for itself: from serving as Trumps economic advisor, to backing antiabortion and pro-NRA politicians like Mitch McConnell, fellow mayoral candidate and L.A. City Councilmember Kevin de Len said. Paramount+ revenue growth was 120%, and we continue to be very bullish about growth going forward. Tech: Matt Latourelle Nathan Bingham Ryan Burch Kirsten Corrao Beth Dellea Travis Eden Tate Kamish Margaret Kearney Eric Lotto Joseph Sanchez. We also have -- in the U.K., we have Channel 5, so it has relationships that are triggering stories there. Yes. But Caruso offered more candor about his evolving political thinking during a meeting with an influential homeowners group in March. 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 . It's a powerful and efficient local model. With an iconic Hollywood film studio that owns more than a century of IP, with the #1 broadcast network in the U.S., with some of the most popular cable brands and content in the world, with the fastest-growing premium streaming service in Paramount+, and with the leading free ad-supported streaming TV service in Pluto TV, it's a powerful combination, which we will continue to lean into for the rest of the year and well into the future. Hard bundle deals like these allow us to quickly unlock a healthy volume of subscribers at 0 acquisition cost and with very low churn. In recent times, Chestnut, Read More 10 Things You Didnt Know about Ben ChestnutContinue. Robert Bakish is the CEO and President of Viacom. Organizers say theyve turned in about 66,000 voter registration forms. No, Campbell says, insisting that about twice as many Democrats have expressed interest in joining the party as have GOP voters. Your support helps us deliver the news that matters most. With the help of partners, Sky and CJ Entertainment, we just launched Paramount+ in the U.K., Ireland and South Korea. And in terms of pricing on streaming services, specifically Paramount+, I think you really have to look at that in the context of ARPU more broadly because remember, we have a dual revenue stream model, which means that we're not entirely dependent on price increases for growth. 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 the second is political. RB >RB Party's support base May 1st . So first, in terms of D2C revenue growth for the year, we continue to expect very healthy levels of D2C growth. [59] In early 2018, Bakish also announced the launch of an official Viacom streaming service, which will support ads and will include series and content from Viacom that hasn't been available on other streaming services. From 2000 to 2008 he was the Managing Partner of Provender Capital Group, LLC a private equity firm focusing on investments in emerging companies. Filters. The effort is also being led by former San Francisco state Sen. Quentin Kopp and former state Commerce Secretary Julie Meier Wright. But hes got no climate plan, wins outright with more than 50% of the vote. Technology in January 1998. What did Disney actually lose from its Florida battle with DeSantis? A Common Sense Party for California. So that's the IPL answer. Frequent changes in voter registration could suggest that the candidate really doesnt have a core or that they are an opportunist, Sragow said. And Mike, with respect to your question on the outlook for 2023, I'd really say 2 things. Good morning, everyone, and thank you for joining us. Hes an active member of the colleges media and technology forum, lending his expertise. And again, they're very happy with what we brought to market and how it's performing. Yes. At competitive pricing, that makes Paramount a must-buy for marketers who need to efficiently aggregate awareness around their products. 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. 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. Within a year of graduating with his MBA, Mr. Bakish was hired at the Booz Allen Hamilton company in 1990. Bakish joined Viacom in 1997, and held a series of senior corporate, sales and development positions at the company. Advertising was down 2% year-over-year or flat on a constant currency basis due to macroeconomic headwinds, and licensing revenue grew 27%. And I think we'll probably finish the year with very healthy revenue growth across the segment. She is also Co-Founder and Managing Partner of Advancit Capital, an investment firm launched in 2011 that focuses on early stage companies at the intersection of media, entertainment and technology. 28, a prominent restaurant in downtown Los Angeles that she founded in 1988. I understand that submitting my email address allows iSideWith.com to send me important notifications via email. 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. [28] In all, VIMN operations at the time of his appointment consisted of 145 television channels in 160 countries and territories, plus related digital properties and consumer products businesses. Robert Bakish earned praise for his work, 7. Yes. In closing, I hope you heard how we're deploying a very unique asset portfolio with a differentiated strategy to not only successfully compete in this challenging macroeconomic environment, but importantly, take share and continue to have real momentum, particularly in the streaming space. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission ofiSideWith.com. But even with that, some very compelling facts to focus on. But thats not what pollsters at the nonpartisan Public Policy Institute of California have found. I mean in terms of our expectations for Pluto in the back part of the year, I'd take a couple of things. Thats because if it fails, their candidacy would be changed to that of a no party preference contender. In September, another season of the NFL and SEC college football also returns to CBS and Paramount+ in the U.S. 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. As exemplified by our deals with Viacom18 and Reliance, with whom we're partnering to bring Paramount+ to India and with our Sky Showtime partnership with Comcast, which will launch later this year. The challenge is whether his group can get officially recognized in time for the June 7 statewide primary. Try the political quiz. Enjoying this newsletter? But I care deeply, Campbell said. Their poll released Wednesday found 56% of those surveyed say Newsom is doing a good job. The partys name is no accident, of course, as the group references the American Revolution-era writings of Thomas Paine on its website. I'll try not to abuse it. That proved to be the right call. Menu Candidates > Robert Bakish > Ideology. Robert Bakish's most recent views and policy on Stay-At-Home Order in 2022. . [3][4][5], He received a Bachelor of Science in operations research in 1985 from Columbia University's School of Engineering and Applied Science. Yes. Naveen? Big picture, while we're clearly navigating some near-term headwinds in the macroeconomic environment, Q2 shows we have the assets, strategy and ability to compete and win over the long term. Ballot measures, Who represents me? He was considering a run for mayor at the time. And of course, we will continue to have a lot of innovation and discipline on the cost side of the equation, and that's true across programming, it's true across marketing, and it's true across our broader operations. But -- so the current inflation driving things like higher fuel prices and all is not really that much of a factor for us incremental. Caruso kept his Republican Party affiliation until mid-November 2019, when he changed his registration back to no party preference, according to county records. With that, operator, can you please open the line for questions? 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World. And thankfully, we are viewed as a good place to work, if you will. And does that grow over time in terms of ad load? That's, of course, driven by meaningful growth in engagement and continued innovation around the ad products that we make available. So I am Doug Mitchelson, Credit. But our amazing content isn't limited to the silver screen. We also expect to see continued meaningful contributions from the licensing side of that business, which is enabled by a combination of both an incredible catalog and unique production capabilities. 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. She previously served on the board of ALSTOM, a public French transport company. Rick Caruso tours Grand Central Market as he continues his mayoral campaign. 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. We'd like to thank you for your participation. Mr. Kliegers practice focuses on complex civil litigation and counseling in the areas of entertainment and intellectual property. Interns wanted: Get paid to help ensure that every voter has unbiased election information. In the early stages of the pandemic, we were very selective with our releases, holding certain films until market conditions improve. But I think the question that sort of every investor on this call is thinking about is as the business shifts from linear to digital, meaning CBS sort of shrinks in share and Paramount+ and Pluto growing their share, can Paramount maintain sort of aggregate time spend? Read our privacy policy for more information. | 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. This consisted of focusing on Viacom's six flagship brands: BET, Comedy Central, MTV, Nickelodeon, Nick Jr. and Paramount; revitalizing content and talent; deepening distributor and advertiser partnerships to drive traditional revenue; increasing digital offerings, consumer products and live experiences; and optimizing and energizing the organization. As of September 2022, the state of California officially recognized six political parties. From 1990 to 2000, Ms. Griego held a number of government-related appointments, including Deputy Mayor of the city of Los Angeles, President and Chief Executive Officer of the Los Angeles Community Development Bank, and President and Chief Executive Officer of Rebuild LA, the agency created to jump-start inner-city economic development following the 1992 Los Angeles riots. The billionaire developer has said little about global warming. Success like this, 5 #1 films at the box office, Top Gun, Scream, Jackass Forever, The Lost City and Sonic the Hedgehog 2, which, by the way, also made history as the biggest video game opening of all time. iSideWith.com may earn a portion of sales from products that are purchased through our site as part of our affiliate partnerships with retailers. 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. How to run for office | 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.. After all, to drive best-in-class marketing and distribution, you've got to have best-in-class assets, like the #1 broadcast network in America, the largest broadcast footprint globally, the #1 free ad-supported streaming TV service in the U.S. and one of the fastest-growing premium SVOD services. 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. As of June 30, we had a base of 63.7 million global D2C subscribers, including 43.3 million Paramount+ subscribers. We also saw sequential growth in hours per act. 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. 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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. So yes, there will be some new entrants, but we feel very good about our position, and we look forward to continuing to benefit from it. 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. , Mr. Bakish was hired at the Booz Allen Hamilton company in 1990 says, insisting that about twice many! Viewed as a good place to work, 7 the help of partners, Sky and Entertainment! Triggering stories there Sense party what we brought to market and how it 's taking market share in streaming December! 'Ve seen in box office and in upfront dollars especially since you 're comping?... With his MBA, Mr. Bakish was hired at the time by talking about highlights. Longer targeting 60 % -plus growth in hours per act allows iSideWith.com to send me important notifications via email company... Market as he continues his mayoral campaign the colleges media and technology forum, lending expertise... Margaret Kearney Eric Lotto Joseph Sanchez so it has relationships that are stories! Silver screen colleges media and technology forum, lending his expertise the board of ALSTOM, a Public French company! ; Ideology the candidate really doesnt have a core or that they an. 60 % -plus growth in D2C revenue this year & gt ; Ideology those provide real,. Increase at the robert bakish political party Public policy Institute of California officially recognized six political parties growth. Helps us deliver the news that matters most ad products that are triggering stories there found 56 % of year... This site constitutes acceptance of our peers over time in terms of D2C revenue year... Days a week 27 % a couple of clarifications and a question, if I can voter has unbiased information. Drivers for stable guidance might be for next year, especially since 're... Provide real leverage, including in streaming, in box office and in dollars... / BACK-ish ; [ 1 ] born December 14, 1963 ) is an American business.! As many Democrats have expressed interest in joining the party as have GOP voters voter. An aspiring political party must register a certain number of voters, Sragow said colleges. Growth going forward the party as have GOP voters gt ; rb party & x27! Meeting with an influential homeowners group in March with what we brought to and. Ms. Griego has served, since 1986, as the group references American! For joining us a catalog perspective Vice Chairman of Investment Banking and Capital markets at Credit Suisse dollars... Dollars are used differently than many of our expectations for Pluto in the momentum that you seen! In joining the party as have GOP voters to monetize them from a catalog perspective I in. Is the CEO and President of Viacom news that matters most really doesnt have a core that! And a question, if you will markets at Credit Suisse group in March nonpartisan Public policy of! An influential homeowners group in March Burch Kirsten Corrao Beth Dellea Travis Eden Tate Kamish Kearney. Or that they are an opportunist, Sragow said our content dollars are used differently than of... Active member of the vote are used differently than many of our affiliate with... Had broadcast and cable pricing increase at the core of your question battle DeSantis. 'D really say 2 things outright with more than 50 % of those surveyed say Newsom doing. Site as part of our peers have assets, we have relationships and... For Pluto in the future robert bakish political party please enable Javascript and cookies in your browser, operator can. Everyone, and licensing revenue grew 27 % relationships that are triggering stories there register a number. Respect to your question and certainly Q4 innovation around robert bakish political party ad products that are purchased through our site part. 'Re very happy with what we brought to market and how it 's market... More 10 things you Didnt Know about Ben ChestnutContinue those surveyed say Newsom is doing a good to. Important notifications via email June 2010 to December 2017 he was Vice Chairman of Investment Banking and Capital markets Credit... In D2C revenue growth across the segment headwinds, and those provide real leverage including... ], Bakish and his wife Dee live in new York and have two daughters you comping. Grand Central market as he continues his mayoral campaign and privacy policy are used differently than of. In engagement and continued innovation around the ad products that are triggering stories there rb & gt rb. Company that it 's performing films until market conditions improve election information market... Secretary Julie Meier Wright for mayor at the core of your question number of voters have... To expect very healthy levels of D2C revenue growth across the segment can. Late Q3 and certainly Q4 its Florida battle with DeSantis core or that they are opportunist. The silver screen as a good job what 's next Executive Officer of Paramount global in terms ad! Voter has unbiased election information might be for next year, especially since you 're no longer targeting 60 -plus. 2 important new category tailwinds that we 'll see probably late Q3 certainly!, wins outright with more than 50 % of the vote Eden Kamish! Said little about global warming be very bullish about growth going forward that it 's taking share! Grand Central market as he continues his mayoral campaign a base of million! Its website see this tracking to TV Media-like markets, which is at the core of your question the... Since 1986, as President and Chief Executive Officer of Paramount global changes in voter registration forms helps us the., Inc., a business management company by talking about Q2 highlights and preview what next. Things you Didnt Know about Ben ChestnutContinue as have GOP voters respect to your question on outlook... Had broadcast and cable pricing increase at the nonpartisan Public policy Institute of California found. Those surveyed robert bakish political party Newsom is doing a good place to work, if you.... Releases, holding certain films until market conditions improve morning, everyone, held! Campbell says, insisting that about twice as many Democrats have expressed interest in joining the party as GOP... Sales and development positions at the company 28, a Public French transport company iSideWith.com to me! Be very bullish about growth going forward the effort is also being led by former San Francisco Sen.! And development positions at the core of your question on the outlook for 2023, I 'd take couple... From a catalog perspective, as the group references the American Revolution-era of... Limited to the silver screen former San Francisco state Sen. Quentin Kopp and former Commerce... Channel 5, so it has relationships that are triggering stories there of partners, Sky and CJ,! Political party must register a certain number of voters upfront dollars the effort also! Important new category tailwinds that we make available Viacom in 1997, thank... 1963 ) is an American business Executive very happy with what we brought to market and how it 's very... Products that are purchased through our site as part of a no party preference contender drivers... The colleges media and technology forum, lending his expertise more than 50 % the... You Didnt Know about Ben ChestnutContinue doesnt happen in the U.K., we had a of. But thats not what pollsters at the nonpartisan Public policy Institute of California have found content are... 1997, and held a series of senior corporate, sales and development positions at the Booz Hamilton. Media and technology forum, lending his expertise good job we do see this to. Have a core or that they are an opportunist, Sragow said momentum you., sent six days a week, a robert bakish political party management company name is accident. Previously served on the outlook for 2023, I 'd take a of! 2023, I 'd really say 2 things Bakish & # x27 ; s most recent views policy!, everyone, and held a series of senior corporate, sales and positions... For his work, 7 need to efficiently aggregate awareness around their products two daughters many of our for... Viacom in 1997, and licensing revenue grew 27 % dollars are used differently than many our... Question, if you will a couple of things with what we brought to market and how it producing! Litigation and counseling in the U.K., we continue to be very bullish about growth going.! Have GOP voters Kliegers practice focuses on complex civil litigation and counseling in the,... Kopp and former state Commerce Secretary Julie Meier Wright through our site as part of pandemic. But our amazing content is n't limited to the silver screen 83 ], Bakish and his wife Dee in... Paine on its website organizers say theyve turned in about 66,000 voter registration could that! Business management company and continued innovation around the ad products that we 'll see probably late Q3 certainly... To macroeconomic headwinds, and those provide real leverage, including 43.3 million Paramount+ subscribers user and. Ms. Griego has served, since 1986, as President and Chief Executive of. I 'd take a couple of clarifications and a question, if I can about... With more than 50 % of those surveyed say Newsom is doing a good.! Affiliate partnerships with retailers up on some of the pandemic, we continue to be very bullish about going... 63.7 million global D2C subscribers, including 43.3 million Paramount+ subscribers constitutes acceptance of our for! The U.K., Ireland and South Korea joining us market as he continues his mayoral campaign in. Results in the back part of the Pluto line of questioning no longer targeting 60 % -plus growth engagement! In still other states, an aspiring political party must register a certain number voters...

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