But I care deeply, Campbell said. Will it turn to a billionaire mayor? However, it should be mentioned that Paccar has other products and services, Read More 10 Things You Didnt Know about Paccar CEO Ronald E. ArmstrongContinue, Walmart was founded by Sam Walton in 1969. Robert Marc Bakish (/bk/ BACK-ish;[1] born December 14, 1963) is an American business executive. 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. The issue is a sensitive one for companies, ViacomCBS in particular. Caruso first switched his registration from Republican to no party preference in late November 2011. [36][2] He also oversaw the launch of apps, including the Viacom Play Plex suite of branded mobile TV apps and the BET Play direct-to-consumer subscription video-on-demand app for an adult audience. One, I mean, as you saw in Q2, we continue to see tremendous momentum in the direct-to-consumer business, whether you look at the growth on Paramount+ subs, what we're seeing in terms of churn, nice MAU growth and engagement growth at Pluto and most importantly, D2C revenue growth at very, very strong levels, 50% on a combined basis, well over 100% revenue growth at Paramount+. [10], In 2004, he was appointed Executive Vice President of Operations of Viacom, Inc.,[11][12][13][14][15] and in 2006 he was also appointed Executive Vice President of Viacom Enterprises. He was responsible for the oversight of all of MTV Networks business operations outside of the United States. Should someone be thinking otherwise, the most recent campaign finance report shows the governor has almost $25 million in the bank. Website the Information first reported and Deadline has confirmed that the review centered on a complaint made this year by a former Nickelodeon employee, who alleged that Bakish touched her inappropriately at Viacoms holiday party in 2016, when he was acting CEO. Before joining The Times in 2019, Wick was the editor in chief of LAist and a senior editor at Longreads. Packaged goods is managing through inflation issues, which is really impacting their ad spending as they look to protect margins. Viacom is the parent company for several other large companies and there were failures and inconsistencies that were draining many of them. So local is very much part of our strategy in the mix. Early life and education [ edit] But our amazing content isn't limited to the silver screen. And what will the margin profile of that business looks like? Ms. McHale is President and Chief Executive Officer of Cane Investments, LLC, a private investment company. 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. We now turn to Steven Cahall from Wells Fargo. So a couple of things to say. And Jessica, with respect to the question on content spend in future years, I'd point you back to what we shared during our Investor Day back in February. There, we're working with TVING, which is a local streamer. I'll start this morning by talking about Q2 highlights and preview what's next. It is part of our broader D2C business, as you well know. She practiced corporate law, estate planning and criminal law in the Boston area before joining National Amusements. Continuing as we have to make those decisions prudently with a real eye towards the ROI of the investments, what we don't want to do is sacrifice a long-term opportunity by overreacting to some of the short-term headwinds that obviously exist, particularly in the advertising marketplace today. Furthermore, he is the companys CEO, meaning that he is the one responsible for overseeing its operations. Send us a tip using our annonymous form. 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. In recent times, Chestnut, Read More 10 Things You Didnt Know about Ben ChestnutContinue. So we're very excited about this transformation journey that we're on. He and his wife Dee have two daughters together and they make their home in New York. Shortly after changing his registration in 2016, Caruso told Los Angeles Magazine that he had made the switch so that he could vote for John Kasich in the Republican presidential primary that year. Second, there are 2 important new category tailwinds that we'll see probably late Q3 and certainly Q4. Bakish has an M.B.A. from Columbia Business School and a B.S. Same thing is true with South Korea. Robert Bakish has 1 Voter Record There is 1 voter registration record for Robert Bakish. 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. We are independent and not affiliated with any investors, shareholders, political parties or interestgroups. We haven't provided any kind of specific cadence of exactly what that looks like from year to year, but we're continuing to invest and manage the business with those goals. So that's really the ad market. You may occasionally receive promotional content from the Los Angeles Times. It's producing very real results in the momentum that you've seen. The yellow school bus has become an increasingly rare sight in California. We've got more captivating content on the way, and our multi-platform approach will drive even more viewers to streaming. 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. P Plus customers are watching a greater number of unique titles today than ever before. 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. But he did share insight into his worldview with the relatively small audience, saying he became an independent because he didnt like ideology. It's Naveen. Warmer storms could cause problems, SoCal winter storm exits with a bang: Icy downpours at Disneyland and 1,000-foot snow levels. The reason we got the CJ deal done in South Korea is we've been there for years, there, in a joint venture. TV Media licensing grew 27% in the quarter, driven by the delivery of new seasons of existing series, including Jack Ryan to third parties as well as higher international licenses. On the one hand, with local content, and we know local content for a long time from operating networks, things like using a local format of the shores and making it for a market, works very well. Mr. Phillips earned a BS in Computer Science from the U.S. Air Force Academy, an MBA from Hampton University and a JD from New York Law School, and he is a member of the Georgia State Bar Association. We're continuing to fund the growth. He went to school in Englewood at the Dwight-Englewood School and graduated from there in 1981. Nowhere is our popularity more evident than at the box office. Wed, Feb 16 20228:34 AM EST. 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. And we think that is a tremendous positive for the company and will be even more so as the macro situation improves. Ms. Redstone earned a BS from Tufts University, and a JD and a Masters in Tax Law from Boston University. Ballotpedia features 395,441 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. Mr. Terrell served as Executive Vice Chairman of Investment Banking and Capital Markets at Credit Suisse and later Senior Advisor from January 2018 to November 2018. And through partnerships with Viaplay Group and Corus, we are now expanding Pluto TV's international footprint in the Nordics and Canada, respectively. 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. He continued on to earn his MBA from Columbia Business School, graduating in 1989. [25][36] He oversaw the expansion of networks such as Nickelodeon, Comedy Central and Spike to an increasing number of foreign markets,[25][36] and helped orchestrate the acquisition of Channel 5 in the UK and Telefe in Argentina. . He previously served on the board of Convergys Corporation. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Yes. His campaign also declined to answer questions about what elements of the Republican Party Caruso identified with in 2016 beyond his support of Kasich, or why Caruso chose to change his registration away from Republican in late 2019, nearly three years into Trumps presidency. It sounds like you're no longer targeting 60%-plus growth in D2C revenue this year. Caruso kept his Republican Party affiliation until mid-November 2019, when he changed his registration back to no party preference, according to county records. In order to be recognized by the state, a political party must fulfill certain requirements, which are detailed here.[1]. 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. This earned him well deserved recognition and praise. And as you pointed out, our content dollars are used differently than many of our peers. Caruso served as Kasichs California co-chair and was outspoken about his dislike for then-candidate Donald Trump. Copyright 2022 Paramount All Rights Reserved. Robert Bakish's most recent views and policy on Stay-At-Home Order in 2022. . So what does that do? In 2004, Viacom appointed Robert Bakish as the Executive Vice President of Operations at the parent company Viacom, Inc. 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. 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. You will be redirected back to your article in, MastersFX Hires Industry Veteran Sandra Lindala To Run Studio Ops In Toronto And Vancouver, TikTok Introduces New Feature To Limit Screen Time For Teens, AMC CEO Adam Aron Defends New Sightline Ticket Pricing, Acknowledges Substantial Change To The Status Quo For U.S. Moviegoers, AMC Entertainment Q4 Sales Dip, Losses Widen; CEO Sees 2023 Recovery But Says Shareholders Must Approve Key Cash-Raising Measures, Daisy Ridley Leads The Better Liar Series In Works At Amazon From True Bloods Raelle Tucker, Krapopolis Renewed For Season 3 Ahead Of Premiere As Dan Harmon Toon Moves To 2023-24, Kristen Bell Leads Untitled Netflix Comedy From 20th TV Based On Erin Fosters Life, Exec Shuffle Ups Burke Magnus, Brings Rosalyn Durant Back After Disney Parks Stint. Our last question comes from Philip Cusick from JPMorgan. [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. Sure, Brett. As we wrote in December, Newsom seems to have the stage to himself after his resounding defeat of the recall. Prior to that, Mr. Nelson held several executive finance and operating roles, beginning in 2003 with Cendant Corporation, including as its Chief Financial Officer and President and a member of its board from 2003 to 2006. Let me start. [30][31][32][33][34] This promotion included responsibility for all Viacom media networks and operations internationally, including MTV, Nickelodeon, Comedy Central, BET, VH1, VIVA, TMF, Game One and MTV Tres;[35][4] plus oversight of all of Viacoms international TV-related joint ventures, including Viacom18 in India and ViacomSBS in Korea, as well as channel ventures with BSkyB in the UK and Foxtel in Australia. Jerry Brown in 2014. The L.A. mayoral candidate has changed his party registration four times in the last 11 years. And so of course, when you think about it through that lens, you have to focus on the fact that we added 5 million Paramount+ subs in the quarter. And we got tremendous engagement, i.e., time spent off the library. I understand that submitting my email address allows iSideWith.com to send me important notifications via email. Campaign finance requirements in California, Campaign finance requirements for California ballot measures, Ballot access requirements for political candidates in California, Ballot access requirements for political parties in California, Ballot access requirements for presidential candidates in California, Oil and gas extraction on federal land in California, Effect of the Affordable Care Act in California, Ballot access for major and minor party candidates, Ballot access for presidential candidates, List of political parties in the United States, Methods for signing candidate nominating petitions, Ballotpedia's Election Administration Legislation Tracker, Election legislation tracking: weekly digest, Election legislation tracking: list of sub-topics, Ken Carbullido, Vice President of Election Product and Technology Strategy, https://ballotpedia.org/wiki/index.php?title=Political_parties_in_California&oldid=8432598, Ballot-qualified political parties by state, Conflicts in school board elections, 2021-2022, Special Congressional elections (2023-2024), 2022 Congressional Competitiveness Report, State Executive Competitiveness Report, 2022, State Legislative Competitiveness Report, 2022, Partisanship in 2022 United States local elections, As of September 2022, California officially recognized six political parties: the, In some states, a candidate may choose to have a label other than that of an officially recognized party appear alongside his or her name on the ballot. 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. Second, look, we've been in a multi-platform ad business for years, and that gives us very high quality reach and scale of over 1 trillion ad impressions per year across all demographics. On scale, our multi-platform strategy is a clear advantage. Ms. Beinecke serves as Chairperson of the board of First Eagle Funds, a leading U.S. mutual fund family and is the Lead Trustee of Vornado Realty Trust. With that, operator, can you please open the line for questions? [77] He is also on the Board of Visitors at Columbia University's School of Engineering and Applied Science. Caruso leaves Grand Central Market on Thursday. Robert Marc Bakish received an MBA from Columbia Business School and an undergraduate degree from Fu Foundation School of Engineering & Applied Science. 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. We seek to put people in office who will be driven by facts, will work across partisan divides, will be open to principled compromise, and will show a commitment to solving Californias complex problems, the party writes on its website. For more than 20 years, Ms. Griego oversaw the operations of Engine Co. No. What the voters of the city care about is crime and homelessness and corruption.. 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.? These risks and uncertainties are discussed in more detail in our filings with the SEC. I know it might take some time before we get to the more profitable windows for these films to really flow through the financials. We think it's an incredible opportunity. Shari Redstone is a media executive with wide-ranging experience in the entertainment industry and related ventures. My beliefs; My parties; My ballot; My support map; My settings; Logout; United States Speaking English. 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. His investment banking career began in 1983 as an Associate with The First Boston Corporation. Campbell left the party that year, writing in a newspaper op-ed that a Republican embrace of Trump instead of a candidate for president worthy of our countrys past and its unbounded future would force him to re-register as an independent voter. Moonves was formally fired with cause in December, forfeiting as much as $120 million in severance. 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. Robert Bakish is a very busy executive with his responsibilities leading the Viacom company, and all of the various boards and forums that he serves on. Now I'd like to turn it over to Naveen to jump into our financial results for the quarter and walk you through our expectations for the second half of the year. India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, Facebook owner Meta increases Zuckerberg's security allowance by $4 million, Transcript : Paramount Global, Q4 2022 Earnings Call, Feb 16, 2023, Transcript : Paramount Global Presents at UBS 50th Annual Global TMT Conference, Dec-06-2022 10:50 AM, Transcript : Paramount Global, Q3 2022 Earnings Call, Nov 02, 2022, Communications Services Down on Streaming Competition Fears -- Communications Services Roundup, Transcript : Paramount Global Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-14-2022 10:45 AM, Transcript : Paramount Global, Q2 2022 Earnings Call, Aug 04, 2022, Transcript : Paramount Global Presents at Credit Suisse 24th Annual Communications Conference, Jun-14-2022 10:40 AM, President, Chief Executive Officer & Director, NCTA - The Internet & Television Association, Fu Foundation School of Engineering & Applied Science. 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