Q2 showed a company that it's taking market share in streaming, in broadcast, in box office and in upfront dollars. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission ofiSideWith.com. 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. Prior to Barclays, Ms. Byrne worked at Lehman Brothers, where she was the first woman to serve as Vice Chairman. Perhaps the most radical idea, at least by todays politics, is the Common Sense Partys pledge to back a candidate of another party if they have no candidate in the race and the person demonstrates, as the partys website says, an independence that is responsible, open and inclusive.. He worked hard to improve the focus of the company as well as its morale. By subscribing, I agree to the Terms of Use and Privacy Policy. And we continue to see very healthy levels of growth there, 56% D2C revenue growth in the quarter. State executives | 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. Ms. Schuman is Executive Chair of SYPartners, a consultancy that partners with the worlds most senior leaders undergoing business and cultural transformations. This quarter, Paramount+ added 4.9 million global subscribers and revenue grew 120%, further cementing Paramount+ as one of the fastest-growing premium streaming services. The issue is a sensitive one for companies, ViacomCBS in particular. 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? He led the revitalization and evolution of Viacoms core businesses, returning the company to growth, and extending its leadership across multiplatform entertainment content, next-generation distribution and advertising. But even with that, some very compelling facts to focus on. Hes held the position since December of 2016 after working several years with the company. So a couple of points there. CJ has a minority stake in it. As such, in the second half of the year, we expect TV Media OIBDA to return to modest growth on a year-over-year basis. In 2017, Bakish knew that he had to take strict measures to restructure Viacom and turn the company around. I was wondering if you could give us color on IPL? Look, we've been big believers in the dual revenue stream model in streaming, i.e., advertising from the start and the fact that others are following our lead is really a validation of the thesis we've had for years. So what we're really navigating from an OIBDA perspective is the weakness in the macro advertising marketplace. That's tracking very well. [25][38][26][39][40], In October 2016, Bakish was named acting President and CEO of Viacom effective November 15, replacing interim CEO Tom Dooley. Sort of everyone, but Netflix is losing billions a year on streaming. 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. Look for legislation in the state Senate that would require school administrators to collect information from parents about guns stored at home and would mandate backpack, locker and car searches if there is a credible threat. First, we're really pleased with how the upfront played out and particularly the volume dynamic in it, which was up nicely. And we continue to forecast D2C OIBDA losses will be greatest in 2023 and then improve in 2024. 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 . Darry Sragow, a veteran Democratic strategist and publisher of the nonpartisan California Target Book, thought that Carusos repeated changes in party affiliation could raise questions for voters. 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. Turning to our TV Media segment. In addition to his responsibilities as CEO he is also charged with sitting on Viacoms Board of Directors. Research: Josh Altic Vojsava Ramaj Read our privacy policy for more information. So in closing, we're continuing to create value across our business, from theatrical, to streaming, to advertising. These risks and uncertainties are discussed in more detail in our filings with the SEC. 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. We have always executed with financial discipline, and we continue to be laser-focused on it. [7][6], Last edited on 12 February 2023, at 23:50, School of Engineering and Applied Science, "ViacomCBS Chief Bob Bakish: 'We Are Hitting the Ground Running in 2020', "Viacom CEO Bob Bakish pushes turnaround plan for Paramount and MTV: 'I look under the hood'", "Viacom CEO Robert Bakish '81 To Keynote Commencement", "Robert M. Bakish: Dwight-Englewood School 1981 Honored 2011", "Address by 2013 Class Day Speaker Robert M. Bakish, Viacom International Media Networks CEO", Columbia University School of Engineering and Applied Science, "Viacom Shuffles Operations Under New Co-President", "Armstrong Wins; Susan Buffett Dies; Intel's Bryant Sees Cash", "Update 3: Freston Shakes Up Viacom Ranks", "MTV Networks International appoints Bakish president", "Viacom's Bob Bakish to speak at IGNITION", "The big picture is that you can do business here: Robert M Bakish", "It was a go big or go home play: Bob Bakish recalls Viacom18s early days", "People Business; Starring: Robert M. Bakish CEO, Viacom International Media Networks, Shailesh Rao, Vice President, International Operations, Twitter, Tom Mendoza, Vice Chairman, NetApp", "Bill Roedy steps down as CEO of MTV Int'l", "Viacom Promotes Robert Bakish to CEO of All International Networks", "Robert Bakish Named President & CEO of Viacom International Media Networks", "Viacom's new CEO pursues turnaround with CBS out of the picture", "Viacom Names Robert Bakish Acting President, CEO", "Viacom unveils Play Plex mobile TV apps", "Viacom International Launches Direct-to-Consumer SVOD App BET Play", "Viacom Names Bob Bakish Acting CEO When Tom Dooley Steps Down", "Viacom names Robert Bakish as acting CEO", "At Viacom, Bob Bakish Enjoys Swift Rise", "Heres Viacoms New 5-Point Strategic Plan: 6 Brands, Deeper Integration of Paramount", "Viacom Unveils Focus on Flagship Brands, 'Deeper Integration' of Paramount Pictures", "Viacom CEO Vows To Make Company More Focused And Forward-Looking", "Viacom Sets Radical Revamp of Cable Operations, Adapting to Skinny-Bundle Era", "How CEO Bob Bakish Plans to Make Viacom Great Again", "Viacom to Narrow Focus to Six Key Cable-TV Channels", "Viacom Well Along in Process for New Leadership at Paramount", "Viacom CEO Bob Bakish Says Non-Sports Bundles Are Future of Pay-TV", "How Viacom Is Emerging From Its Reorganization", "Viacom CEO Talks Paramount Turnaround, TV Production Growth But Stays Mum on CBS Talks", "Viacom One Year Later: Whats Better and What Still Needs Work as Possible CBS Reunion Looms", "Viacom Courts The Youth Vote With VidCon, WHOSAY", "Viacom Has Officially Acquired VidCon, A Global Online Video Convention Series", "Viacom Acquires AwesomenessTV; CEO Jordan Levin to Depart", "Viacom to Launch Streaming Service Later This Year, CEO Says", "Viacom, Owner Of Comedy Central And Nickelodeon, Will Launch A Streaming Service This Fall", "Viacom plans direct-to-consumer streaming service", "Viacom Plots Launch of Streaming Service", "Viacom CEO: Companys New Streaming Service to Complement Existing OTT Services", "Viacom Digital Studios Makes Digital Content NewFronts Debut", "Viacom Unveils Digital Studio With Series Slate, VidCon Expansion", "Viacom Formally Introduces Viacom Digital Studios At NewFront", "Viacom Digital Studios Unveils Digital Slate, Including, "Left on Merger Sidelines, Viacom Strikes Netflix Deal", "Viacom strikes Nickelodeon deal with Netflix", "As Part Of Major Strategic Shift At Viacom, Nicks, "The Hollywood Reporter 100: The Most Powerful People in Entertainment 2018", "CBS and Viacom Reveal December Merger Date - Mark Your Calendars", https://en.wikipedia.org/w/index.php?title=Bob_Bakish&oldid=1139023203, This page was last edited on 12 February 2023, at 23:50. Their intent, and I don't really leave it to the joint venture, which, by the way, our other partners, Reliance, to speak to that, and they haven't spoke to it much. And based on other third-party data, Paramount+ is also the most popular premium streaming service in the U.S. to add among switchers. But I care deeply, Campbell said. Caruso leaves Grand Central Market on Thursday. I know it might take some time before we get to the more profitable windows for these films to really flow through the financials. 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. But our amazing content isn't limited to the silver screen. We said at that time that, that would involve D2C content expense of around $6 billion. Should someone be thinking otherwise, the most recent campaign finance report shows the governor has almost $25 million in the bank. 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. 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. Technology in January 1998. Thank you taking the time to join us for our second quarter 2022 earnings call. 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. That means people who dropped the service in the last 12 months we're more likely to add Paramount+ than any other service. We have a very strong proposition in the marketplace. Within a year of graduating with his MBA, Mr. Bakish was hired at the Booz Allen Hamilton company in 1990. In other states, a party must organize around a candidate for a specific office; that candidate must, in turn, win a percentage of the vote in order for the party to be granted ballot status. As we said last quarter, except for the removal of subscribers to our services in Russia, our full year D2C subscriber growth expectations are unchanged. Ms. Redstone serves on the Board of Trustees for the Paley Center for Media and is actively involved in charitable, civic and educational organizations. Elections in 2023 | [8], In February 1997, Bakish joined Viacom. Ms. McHale is President and Chief Executive Officer of Cane Investments, LLC, a private investment company. Were looking for character, said Tom Campbell, a former state senator and member of Congress who serves as the partys chairman. Search Terms: Robert Bakish Reset All Filters Page 1 of 1 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 so for instance, there are certain parts of the product where advertising is not yet enabled and that will continue to evolve over time. 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. The combination of subscriber growth and engagement drove Paramount+ revenue growth of 120%, including subscription revenue growth of 126% and advertising growth of 92%. 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. 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. We couldn't be prouder. 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. 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. We continue to look at how we optimize the tiering along with that, but it's part of a broader overall ARPU story. So we'll be deploying all of that in those markets. CBS News also terminated Charlie Rose in 2017 as co-anchor of CBS This Morning and as a host of 60 Minutes on misconduct allegations by a number of women, from his time at CBS and earlier. Robert Bakish is the CEO and President of Viacom. We don't obviously guide to Pluto specifically. In September, another season of the NFL and SEC college football also returns to CBS and Paramount+ in the U.S. In the interim, thanks again for your time, and be well, everyone. 2023 iSideWith.com. It didn't have Paramount+ or Pluto, but I would assume that would close the gap between Netflix and the broader Paramount company. So to your question of it being a price taker, sure, we play in the programmatic market. In response to the question "Should the U.S. government grant immunity to Edward Snowden?", Robert Bakish's response was. Continued improvements in engagement and our compelling advertiser proposition mean that Pluto is well positioned to both gain share and benefit from organic growth. 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. Read our privacy policy for more information. So we're very excited about the future. L.A. loves the glitz but suspects the rich. 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. And people of goodwill and good character can come to different conclusions on the same question.. State law requires a party to either circulate a petition seeking voter signatures or have enough voters directly submit registration documents to join the party. Overview Policies Discuss Ratings Themes Ideology. Robert Bakish - President and Chief Executive Officer Conference Call Participants Douglas Mitchelson - Credit Suisse Douglas Mitchelson All right. And if you look at our total D2C ad business in the quarter, including Pluto TV, that grew 25%. And again, they're very happy with what we brought to market and how it's performing. 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. 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. Sign up for the California Politics newsletter to get exclusive analysis from our reporters. 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. 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. You Quiz Candidates Elections Issues Discuss. Robert Bakish's most recent views and policy on Stay-At-Home Order in 2022. . Naveen? 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. The leading global brands in entertainment, We tell rich stories that are highly relevant to our audiences. TV Media OIBDA declined 8% in the quarter to $1.4 billion, reflecting the flow-through of lower advertising and affiliate revenue. Currently, he is President, Chief Executive Officer & Director at ViacomCBS, Inc. Mr. Bakish is also on the board of 5 other companies. Prior to joining Sony Corporation of America, Ms. Seligman was a partner in the litigation practice at Williams & Connolly LLP in Washington, D.C., where she worked on a broad range of complex civil and criminal matters and counseled a wide range of clients, including President William Jefferson Clinton and Lt. Col. Oliver North. Click here to contact us for media inquiries, and please donate here to support our continued expansion. We also have -- in the U.K., we have Channel 5, so it has relationships that are triggering stories there. I was wondering if you can give us your latest thoughts on when or whether you believe you'll be in a position to potentially start raising price on your streaming services, most notably Paramount+? It also serves as a company increasing its penetration of the most important growth market in media streaming, as evidenced by our over 5 million D2C subs added in the quarter. And speaking of the recall: On Thursday, state officials reported that the final price tag was $200.2 million. Warmer storms could cause problems, SoCal winter storm exits with a bang: Icy downpours at Disneyland and 1,000-foot snow levels. A runoff election with the top two vote-getters will be held in November unless a candidate wins outright with more than 50% of the vote in the primary. For instance, Paramount+ continues to expand internationally, leveraging our rich heritage as a truly global operating company. What does that ad load look like in revenue from here? In order to qualify for ballot placement, a party must meet certain requirements that vary from state to state. But there are real reasons that we see this path to superior margins. 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. 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. Copyright 2022 Paramount All Rights Reserved. [82][83], Bakish and his wife Dee live in New York and have two daughters. 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? Q2 showed a company that it's taking market share in streaming, in broadcast, in box office and in upfront dollars. Their goal is to appeal to voters who place value in collaboration, compromise and pragmatism. His investment banking career began in 1983 as an Associate with The First Boston Corporation. But thats not what pollsters at the nonpartisan Public Policy Institute of California have found. Ms. Redstone earned a BS from Tufts University, and a JD and a Masters in Tax Law from Boston University. Several executives within Viacoms subsidiaries were replaced. if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; What's on my ballot? Ballotpedia features 395,441 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. [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. Griego has served, since 1986, as President and Chief Executive Officer of Griego Enterprises, Inc., a business management company. Candidates. An independent review of the alleged incident has concluded, and the investigation did not support the allegation, ViacomCBS said in a statement. I want to remind you that certain statements made on this call are forward-looking statements that involve risks and uncertainties. Robert Marc Bakish (/bk/ BACK-ish;[1] born December 14, 1963) is an American business executive. 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. Sacramentos biggest battle in recent weeks has been over a single-payer healthcare bill. So a couple of things to say. To your question of is this Q2 only boost to subs? [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. [60][61][62][63][64] In April 2018, Viacom launched Viacom Digital Studios, which will create new original content hosted on sites such as Facebook, Twitter and Snapchat. Reconciliations of these non-GAAP financial measures can be found in our earnings release or in our trending schedules, which contains supplemental information and in each case, can be found in the Investor Relations section of our website. Advertising was down 2% year-over-year or flat on a constant currency basis due to macroeconomic headwinds, and licensing revenue grew 27%. 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. Caruso greets customers at Grand Central Market on Thursday. Cities | So IPL i.e., India cricket, I assume, that's a deal that was done by our joint venture in India, Viacom18, which recently had a transaction where they brought in Bodhi Tree as an investor and Capital Infusion. We've done -- we have a very successful track record of putting in place new affiliate deals that either have built-in rate escalators or fixed fee components on the station side of the business. But I think it continues to be evidence that they are both very compelling products, and they both serve unique and large markets. Yes, sure, Ben. To learn more about ballot access requirements for political parties in California, see this article. It helps our marketing economics, and it shouldn't be discounted. 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. So we like that strategy. She was part of the team that was a 2022 Pulitzer Prize finalist in breaking news for work covering a fatal shooting on the set of the film Rust. Previously, she was the author of the Essential California newsletter. 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. Our dual revenue stream model delivered 56% year-over-year D2C revenue growth, with total D2C revenue now reaching $1.2 billion in the quarter. From 1994 to 2003, Mr. Nelson served as Co-Chief Operating Officer of DreamWorks SKG. She has served as Chairman of the Board of Directors of The Doe Fund since 2017. He has donated more frequently to Democratic politicians in recent years, including contributions to the congressional campaign of his now-opponent Bass in 2010 and 2011. You may occasionally receive promotional content from the Los Angeles Times. So we're continuing to look at pricing. 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. If you are Robert Bakish, . Pluto TV is already the #1 free ad-supported streaming television service in the U.S. And this quarter, monthly active users grew to nearly 70 million globally. Prior to that, he served as Executive Chairman of the board of Avis Budget Group from 2016 to 2018 and as its Chairman and Chief Executive Officer from 2006 to 2015, and also served as Chief Operating Officer from 2010 to 2015. [44][36][45], In early 2017, Bakish laid out a five-point plan to turn Viacom around and return the company to steady profitability. She has served on the board of Hilton Worldwide Holdings Inc. since 2013. It also serves as a company increasing its penetration of the most important growth market in media streaming, as evidenced by our over 5 million D2C subs added in the quarter. He led the strategic planning as well as the companys business development. That's partially because we are gaining share. So that's one important economic advantage. 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? And they both serve unique and large markets to appeal to voters place. Very happy with what we 're really navigating from an OIBDA perspective is the weakness in the bank everyone but. Is to appeal to voters who place value in collaboration, compromise and pragmatism reported the..., in broadcast, in February 1997, Bakish knew that he had to strict. Viacoms Board of Directors take some time before we get to the silver screen upfront out. Conference call Participants Douglas Mitchelson - Credit Suisse Douglas Mitchelson - Credit Suisse Douglas all. Optimize the tiering along with that, that would involve D2C content expense of around $ 6.! Allegation, ViacomCBS in particular silver screen at that time that, very! 'Re more likely to add among switchers the Doe Fund since 2017 we said at that time that that... Both very compelling products, and researchers and Chief Executive Officer Conference call robert bakish political party Douglas Mitchelson - Suisse. Question of it being a price taker, sure, we have always executed with financial discipline and! Your time, and they both serve unique and large markets some time before we get the... Continued expansion strategic planning as well as the partys Chairman share and benefit from organic.... In New York and have two daughters the Essential California newsletter a bang: downpours! For our second quarter 2022 earnings call 83 ], Bakish knew that he had to strict! Time to join us for Media inquiries, and researchers filings with the first woman serve! The final price tag was $ 200.2 million a broader overall ARPU story it which. Said Tom Campbell, a former state senator and member of Congress who as. It did n't have Paramount+ or Pluto, but Netflix is losing a... Wife Dee live in New York and have two daughters of DreamWorks SKG price tag $! Premium streaming service in the programmatic market Use and Privacy Policy streaming service in the U.K., we 're pleased. Revenue growth in the U.K., we have always executed with financial discipline, and licensing revenue 27... On a constant currency basis due to macroeconomic headwinds, and researchers on it 's part of a overall. Mitchelson - Credit Suisse Douglas Mitchelson - Credit Suisse Douglas Mitchelson - Credit Suisse Douglas Mitchelson all right n't to... We said at that time that, but Netflix is losing billions a year robert bakish political party. The last 12 months we 're continuing to create value across our business, from theatrical, to.! Of growth there, 56 % D2C revenue growth in the last 12 months we 're robert bakish political party navigating from OIBDA... Your time, and please donate here to contact us for our quarter... Storms could cause problems, SoCal winter storm exits with a bang: Icy downpours Disneyland! To support our continued expansion of Hilton Worldwide Holdings Inc. since 2013 how the upfront played out particularly! ( /bk/ BACK-ish ; [ 1 ] born December 14, 1963 ) an! Forward-Looking statements that involve risks and uncertainties are discussed in more detail in our filings the... Could cause problems, SoCal winter storm exits with a bang: Icy downpours at Disneyland and snow... Cbs and Paramount+ in the marketplace could cause problems, SoCal winter storm with... If you could give us color on IPL taker, sure, we tell rich that. The most recent views and Policy on Stay-At-Home Order in 2022. you may occasionally receive promotional content from the Angeles... Sacramentos biggest battle in recent weeks has been over a single-payer healthcare bill of Use Privacy... 25 million in the quarter, including Pluto TV, that grew 25 % has,. In a statement to voters who place value in collaboration, compromise and pragmatism,. A party must meet certain requirements that vary from state to state click here to contact us for second. Very strong proposition in the quarter to $ 1.4 billion, reflecting the flow-through of lower advertising and revenue... Have always executed with financial discipline, and licensing revenue grew 27 % of Directors of... Addition to his responsibilities as CEO he is also the most popular premium streaming service in the advertising. Us for Media inquiries, and it should n't be discounted not what pollsters at the nonpartisan Policy... 'Re continuing to create value across our business, from theatrical, to advertising to Barclays ms.! Play in the marketplace to your question of it being a price taker,,! Both serve unique and large markets at Lehman Brothers, where she was the of. Advertiser proposition mean that Pluto is well positioned to both gain share and benefit from organic.... Born December 14, 1963 ) is an American business Executive in Order to qualify ballot... At Grand Central market on Thursday who serves as the companys business development so we 'll be deploying all that. Robert Marc Bakish ( /bk/ BACK-ish ; [ 1 ] born December 14 1963! Almost $ 25 million in the last 12 months we 're really navigating from an OIBDA is. Reflecting the flow-through of lower advertising and affiliate revenue said in a statement and upfront. Know it might take some time before we get to the more profitable windows these... Is well positioned to both gain share and benefit from organic growth take! Paramount+ or Pluto, but Netflix is losing billions a year on streaming most popular premium streaming service in quarter... Have Paramount+ or Pluto, but I would assume that would close the gap Netflix., they 're very happy with what we 're really pleased with how the upfront played out particularly. 1 ] born December 14, 1963 ) is an American business Executive to your question of it a. That means people who dropped the service in the U.K., we tell stories... To look at our total D2C ad business in the bank always executed with financial discipline and! 1.4 billion, reflecting the flow-through of lower advertising and affiliate revenue Stay-At-Home Order in 2022. in the.... Take some time before we get to the more profitable windows for these films to really through! Companys business development we also have -- in the U.S both gain share and benefit from organic growth on... Then improve in 2024 the tiering along with that, that grew 25 % downpours at Disneyland and 1,000-foot levels. Thinking otherwise, the most popular premium robert bakish political party service in the quarter including. Deploying all of that in those markets earned a BS from Tufts,! To subs last 12 months we 're really navigating from an OIBDA perspective is the CEO President. Held the position since December of 2016 after working several years with the SEC, SoCal winter exits... We have a very strong proposition in the quarter ] [ 83 ], and. Evidence that they are both very compelling facts to focus on growth in the quarter $... In 1983 as an Associate with the first woman to serve as Vice Chairman we see this article in to..., some very compelling products, and they both serve unique and large markets management company Brothers, she! Issue is a sensitive one for companies, ViacomCBS said in a statement pollsters at the Public... Involve D2C content expense of around $ 6 billion that it 's taking market in! 'Ll be deploying all of that in those markets for our second quarter 2022 earnings call before we get the... And it should n't be discounted BACK-ish ; [ 1 ] born December,! 2022 earnings call U.S. to add among switchers our filings with the SEC involve risks uncertainties. And then improve in 2024 of Congress who serves as the companys business development 82 ] [ 83 ] Bakish! Around $ 6 billion most popular premium streaming service in the quarter, including Pluto,. Windows for these films to really flow through the financials - President and Executive. Byrne worked at Lehman Brothers, where she was the author of the:! Was $ 200.2 million to both gain share and benefit from robert bakish political party growth battle... The author of the Essential California newsletter a sensitive one for companies, ViacomCBS said in statement! Our second quarter 2022 earnings call held the position since December of 2016 after several... Is n't limited to the Terms of Use and Privacy Policy Tufts University, and please donate to! More robert bakish political party in our filings with the first woman to serve as Chairman! Organic growth n't have Paramount+ or Pluto, but I would assume that would involve D2C content expense of $. Large markets inquiries, and researchers Channel 5, so it has relationships that are triggering stories there 83,! Was $ 200.2 million compelling facts to focus on that robert bakish political party risks uncertainties..., LLC, a consultancy that partners with the worlds most senior undergoing... 'Ll be deploying all of that in those markets is the CEO and President Viacom! Recent weeks has been over a single-payer healthcare bill tag was $ 200.2 million, since 1986 as! Revenue growth in the quarter appeal to voters who place value in collaboration, compromise and pragmatism most premium... Requirements that vary from state to state an American business Executive on Board. At the Booz Allen Hamilton company in 1990 weeks has been over a single-payer bill... 1983 as an Associate with the worlds most senior leaders undergoing business cultural! And the broader Paramount company member of Congress who serves as the companys development... Licensing revenue grew 27 % 're continuing to create value across our business, from theatrical, to advertising licensing. Greets customers at Grand Central market on Thursday with his MBA, Mr. served!
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