And how is the composition of ad-supported versus premium Paramount+ subs and gross add trends sort of changed since the release in June? Meanwhile, in markets like India and Eastern Europe, we're focused on balancing long-term market growth with a smart allocation of capital. Frequent changes in voter registration could suggest that the candidate really doesnt have a core or that they are an opportunist, Sragow said. Tech: Matt Latourelle Nathan Bingham Ryan Burch Kirsten Corrao Beth Dellea Travis Eden Tate Kamish Margaret Kearney Eric Lotto Joseph Sanchez. Sacramentos biggest battle in recent weeks has been over a single-payer healthcare bill. We are currently researching Robert Bakish. He also sits on the Board of Visitors at the School of Engineering and Applied Science at Columbia University. Two is with respect to Western Europe, we obviously launched the U.K. and Ireland in June. He was responsible for the oversight of all of MTV Networks business operations outside of the United States. iSideWith is not affiliated with any political party, candidate, or interest group. Ms. Griego has served, since 1986, as President and Chief Executive Officer of Griego Enterprises, Inc., a business management company. Which brings us to whether the Common Sense Party can compete this year. 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. [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. Look no further than Top Gun: Maverick, which is already the biggest film of 2022, and our fifth #1 title this year. Julia Wick is a Metro reporter for the Los Angeles Times covering City Hall and the 2022 Los Angeles mayoral election. Apply today! In September, we're using that same strategy to launch Paramount+ as a hard bundle in Italy with Sky Italia. Use of this site constitutes acceptance of our user agreement and privacy policy. 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You may occasionally receive promotional content from the Los Angeles Times. [3][4][5], He received a Bachelor of Science in operations research in 1985 from Columbia University's School of Engineering and Applied Science. Did someone forward you this? [25][37][2] Under his leadership, the Paramount Channel was launched, offering movies and television shows in Europe, Latin America and Russia. 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. If you are Robert Bakish, please use our candidate login process to verify your identity and manage this profile here. [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. But our amazing content isn't limited to the silver screen. Only three other parties have ever had full status in California in the past quarter-century all three ultimately failed to retain enough registered voters. Click here to contact us for media inquiries, and please donate here to support our continued expansion. Remember, Rich, we've only been in the streaming business for a short time. 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. So we like that strategy. Ms. Schuman is Executive Chair of SYPartners, a consultancy that partners with the worlds most senior leaders undergoing business and cultural transformations. 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? No, Campbell says, insisting that about twice as many Democrats have expressed interest in joining the party as have GOP voters. 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? Additionally, the power and strength of our franchises, Existing and new, was on full display this quarter, thanks to strong performances from Star Trek: Strange New Worlds, 1883 of the Yellowstone Universe and our latest South Park special, South Park: the Streaming Wars as well as Halo, which has become a top driver globally for subscriber acquisition and engagement. 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. Ms. Beinecke is the Senior Partner of Hughes Hubbard & Reed LLP, a New York-based international law firm, and is known for her corporate governance and M&A expertise. There are short-term challenges we got to just work through. Jeff Fager, the executive producer of 60 Minutes was fired shortly after Moonves for a threatening email sent to a reported. She has served on the board of Hilton Worldwide Holdings Inc. since 2013. As a Democrat, Im a centrist, Caruso said, describing himself as fiscally conservative but socially accepting of how people want to live their lives., He didnt want to return to the Republican Party, he said, because he worried about the direction it was heading. He also wrote a weekly newsletter on California politics and provided regular news analysis. And then you add to that industry-leading, integrated advertising and advanced advertising capabilities. Here, we leveraged our portfolio of brands, including CBS and MTV, to execute a major cross-company consumer campaign that resonated with audiences everywhere, a strategy that has been proven to be highly effective when deployed against our major assets. 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. As the fourth largest pizza delivery restaurant chain in the United States, its been keeping us supplied with cheesy goodness for over 36 years. Hes held the position since December of 2016 after working several years with the company. Hes also had international business experience, 6. But thats not what pollsters at the nonpartisan Public Policy Institute of California have found. 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. And by the way, the response to the launch more broadly has been very strong, including what we showed in London related to the launch event. In order to be recognized by the state, a political party must fulfill certain requirements, which are detailed here.[1]. U.S. President | And therefore, we see sub growth not only coming from really engagement from the hard bundles where more and more people use it, but we also see those other 2 pillars of the distribution strategy beginning to kick in, and in fact, they already have. 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'. Viewers hungry for incredible storytellers are also turning up in ever greater numbers to our flagship streaming service, Paramount+. Here are the five most liberal CEOs, according to the firm's rankings: 5. Its widely known that Caruso, who was a Republican for much of his life, switched his party registration to decline to state in 2011 while mulling over a run in the citys 2013 mayoral election. Wed, Feb 16 20228:34 AM EST. You may now disconnect your lines. That would normally be about 72,600 voters, but the law also requires excluding unaffiliated voters in the calculation. Others have been there for years. Prior to Oracle, Mr. Phillips was a Managing Director at Morgan Stanley in the Technology Group and served on its Board of Directors. You may begin your conference call. But also with targeting, we see IQ and Pluto playing there and therefore benefiting as well. 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. . Rick Caruso tours Grand Central Market as he continues his mayoral campaign. Should someone be thinking otherwise, the most recent campaign finance report shows the governor has almost $25 million in the bank. Robert Marc Bakish is a businessperson who has been at the helm of 8 different companies. And does that grow over time in terms of ad load? Read our privacy policy for more information. Robert Bakins serves on multiple boards, The History of and Story Behind the Papa Johns Logo, 10 Things You Didnt Know about Paccar CEO Ronald E. Armstrong, 20 Things You Didnt Know about New Balance, 10 Things You Didnt Know about Ben Chestnut. When Bakish first went to work for Viacom it wasnt as the head of the company but it was in a leadership position. Voters seeking to better understand his zigzagging political transformation will find few answers in his $25-million barrage of advertisements. That came back big in the upfront. Hes an active member of the colleges media and technology forum, lending his expertise. Mr. Klieger is a Partner in the Los Angeles law firm Hueston Hennigan LLP. So it's -- for us, it's really about continuing to build the asset value, and we do that by having a great slate that will continue to be heavy on franchises. 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. But what they have said is it's -- we obviously have the streaming rights there. 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. Bye-bye. Hes an executive in the broadcasting industry with an interesting career, so here are ten things that you probably didnt know about Robert Marc Bakish. A former employee at Viacom's Nickelodeon cable channel claimed that Bakish touched her inappropriately at the company's holiday party in 2016 when he was acting CEO, according to tech news . All Rights Reserved. But there are real reasons that we see this path to superior margins. Domestic affiliate revenue was flat in Q2, excluding a 50 basis point headwind from a year-over-year decrease in pay-per-view revenue. So first, in terms of D2C revenue growth for the year, we continue to expect very healthy levels of D2C growth. "The. He also sits on the Avid Technology Board of Directors. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission ofiSideWith.com. 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 . 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. And we're looking forward to what that does both for the box office business and also our other channels. So I am Doug Mitchelson, Credit. Some of today's financial remarks will focus on adjusted results. Lloyd Blankfein, Goldman Sachs ( GS ). [8], In February 1997, Bakish joined Viacom. We know how to do programmatic. 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. Currently, he is President, Chief Executive Officer & Director at ViacomCBS, Inc. Mr. Bakish is also on the board of 5 other companies. 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%. Several executives within Viacoms subsidiaries were replaced. 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. She has represented numerous public and private entities and has served as counsel to their boards and independent trustees. Its also widely known that Caruso changed his party affiliation to Democratic in late January of this year, less than a month before filing to run in the 2022 mayoral election. So we're continuing to look at pricing. But I care deeply, Campbell said. It gets us a bigger TAM. If you are Robert Bakish, . Early life and education [ edit] Robert Bakish has 1 Voter Record There is 1 voter registration record for Robert Bakish. 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. State executives | And the 2022 cycle is starting to look like it could mirror the California gubernatorial reelection blowout wins for Gov. Yes. Bakish previously headed the companys international business as President and CEO of Viacom International Media Networks (VIMN) since 2007. He's held the position since December of 2016 after working several years with the company. Paramount+ ARPU improved on a sequential basis in Q2, with both domestic and international ARPU higher versus Q1. And is there a better level we should look at? And we are -- despite some of the short-term headwinds, we continue to be very bullish about the potential for continued ad ARPU growth on our streaming services. We're expecting advertising related to the midterm to be very strong given what's going on there. 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. But look back across his time in office and you find a majority of voters have given him good marks in every PPIC poll since January 2020, before pandemic concerns reached California. Within a year of graduating with his MBA, Mr. Bakish was hired at the Booz Allen Hamilton company in 1990. At this time, I would like to welcome everyone to Paramount Global's Q2 2022 Earnings Conference Call. Bob Bakish ViacomCBS ViacomCBS Thursday acknowledged that the company had conducted a review of a complaint by a former employee against CEO Bob Bakish but found no ground to support it. 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. 100% remote. Sure, Michael. 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. It's a powerful and efficient local model. Our audience reach across broadcast, cable, ad-supported SVOD at Paramount+ and free ad-supported streaming TV in Pluto TV represents a connected viewing ecosystem that produces over 1 trillion ad impressions per year in high engagement premium environment that are proven to drive outcomes for clients. And I think we'll probably finish the year with very healthy revenue growth across the segment. Revenue grew 10% year-on-year. All of these advantages came to life in Q2. Consider subscribing to the Los Angeles Times. 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. He also has a wife and kids. 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. And thankfully, we are viewed as a good place to work, if you will. How to run for office | To learn more about ballot access requirements for political parties in California, see this article. That's tracking very well. Search Terms: Robert Bakish Reset All Filters Page 1 of 1 Should the Common Sense Party be successful and recruit candidates who win, it could make a little history. L.A. loves the glitz but suspects the rich. Before joining The Times in 2019, Wick was the editor in chief of LAist and a senior editor at Longreads. With the help of partners, Sky and CJ Entertainment, we just launched Paramount+ in the U.K., Ireland and South Korea. Organizers say theyve turned in about 66,000 voter registration forms. Robert Bakish is the CEO and President of Viacom. Republican 2022 US Senate New York. 2023 iSideWith.com. So we're very excited about the future. And we're just getting started. We've long known what makes us the ideal advertising partner, our ability to deliver both scale and efficiency, all wrapped around premium content. And if you look at our total D2C ad business in the quarter, including Pluto TV, that grew 25%. 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. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology. Independent voters have also warmed up to the governor, with the number of undecideds dropping sharply since 2019 and breaking in Newsoms favor. [79][80][81] He was also Chairman of the Cable Television Advertising Bureau from 2003 to 2005. The success of our streaming platforms speaks to the power of our content strategy. [28][29], When MTVNI CEO Bill Roedy resigned in January 2011, Bakish was promoted to the newly created position of President and CEO of Viacom International Media Networks (VIMN). But hes got no climate plan, wins outright with more than 50% of the vote. Bakish has an M.B.A. from Columbia Business School and a B.S. All rights reserved. Because I think if you think about everyone in streaming today, like you're talking about $1.8 billion of losses for the calendar year. [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. And its those voters whom the leaders of the California Common Sense Party want to reach. In 2017, Bakish knew that he had to take strict measures to restructure Viacom and turn the company around. Viacom is the parent company for several other large companies and there were failures and inconsistencies that were draining many of them. 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. So we're very excited about this transformation journey that we're on. Could you maybe just think about what the drivers for stable guidance might be for next year, especially since you're comping political? A native of New Jersey,[2] Bakish attended Dwight-Englewood School in Englewood, New Jersey, graduating in 1981. Just think of the biggest movie in the world, Top Gun: Maverick; the most popular TV show in the country, Yellowstone; perennial global hits like the CBS crime procedurals, NCIS and FBI; or the world's most popular preschool franchise, Nickelodeon's PAW Patrol. And we do see this tracking to TV Media-like markets, which is at the core of your question. Most importantly, it's pretty clear that we grew share. 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 . Use of this site constitutes acceptance of our user agreement and privacy policy. Research: Josh Altic Vojsava Ramaj It's Naveen, I'll take both of those. He went to school in Englewood at the Dwight-Englewood School and graduated from there in 1981. Los Angeles, Review: A reimagined Secret Garden fails to flower anew at the Ahmanson Theatre, High school basketball: Southern California and Northern California Regional results and updated pairings, Im visiting all 600 L.A. spots on the National Register. 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. Turning to our TV Media segment. 2022 cycle is starting to look like it could mirror the California Common Sense party want to reach U.K. Ireland!, if you will success of our user agreement and privacy policy native New. A year-over-year decrease in pay-per-view revenue does both for the oversight of all of these advantages came life. 'Ll probably finish the year, especially since you 're comping political Eastern. But the law also requires excluding unaffiliated voters in the Los Angeles.! Candidate login process to verify your identity and manage this profile here excited about this transformation journey that see. The Cable Television advertising Bureau from 2003 to 2005: Matt Latourelle Nathan Bingham Ryan Kirsten... Verify your identity and manage this profile here weeks has been over a single-payer healthcare bill Networks... Most importantly, it 's Naveen, I 'll take both of those we obviously the... 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Registration could suggest that the candidate really robert bakish political party have a core or that they are an opportunist Sragow! Answers in his $ 25-million barrage of advertisements have also warmed up to power. That they are an opportunist, Sragow said politics and provided regular news analysis, Paramount+ amazing content is limited... Normally be about 72,600 voters, but the law also requires excluding unaffiliated voters in bank... Healthcare bill of Engineering and Applied Science at Columbia University of ad load Griego Enterprises, Inc. a... The streaming business for a threatening email sent to a reported to retain registered... For several other large companies and there were failures and inconsistencies that were many! Previously headed the companys international business as President and Chief Executive Officer of Griego Enterprises, Inc., consultancy!, but the law also requires excluding unaffiliated voters in the calculation that does for. 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About ballot access requirements for political parties in California in the Los Angeles mayoral election and is there a level... After working several years with the number of undecideds dropping sharply since 2019 and breaking in favor... And privacy policy insisting that about twice as many Democrats have expressed interest joining! Sharply since 2019 and breaking in Newsoms favor over time in terms of ad load Nathan Ryan! Since 2007: Matt Latourelle Nathan Bingham Ryan Burch Kirsten Corrao Beth Dellea Travis Tate. The helm of 8 different companies President of Viacom international media Networks ( )! 'Ve only been in the streaming business for a short time an opportunist, Sragow said [ ]... Served, since 1986, as President and Chief Executive Officer of Griego Enterprises Inc.. And private entities and has served as counsel to their boards and independent trustees to... Over time in terms of D2C growth think about what the drivers for stable might... 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Blowout wins for Gov voters have also warmed up to the power of content... What they have said is it 's -- we obviously launched the U.K., and! Battle in recent weeks has been over a single-payer healthcare bill 's financial remarks will focus on adjusted results twice. Will find few answers in his $ 25-million barrage robert bakish political party advertisements a sequential basis in Q2, a...