Starting with direct-to-consumer. 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. We couldn't be prouder. Caruso kept his Republican Party affiliation until mid-November 2019, when he changed his registration back to no party preference, according to county records. And if you look at our total D2C ad business in the quarter, including Pluto TV, that grew 25%. 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. Although there are hundreds of political parties in the United States, only certain parties qualify to have the names of their candidates for office printed on election ballots. What the dollar commitment -- your commitment is and what your goals are there? And Q2 shows how we leverage investments across multiple platforms, that unlock multiple revenue streams. When I was an independent, I was a centrist. [6][7] He earned an MBA from Columbia Business School in 1989. Same thing is true with South Korea. He continued on to earn his MBA from Columbia Business School, graduating in 1989. If you are Robert Bakish, . Personal Freedom. In terms of your question on the Filmed Entertainment business, obviously, we have not provided any specific long-term guidance there. Second, there are 2 important new category tailwinds that we'll see probably late Q3 and certainly Q4. And then more broadly, one of the questions we get from investors as they think through the impact of inflation is pricing power. I know you're in a unique position of being able to leverage your content investments across a more diverse set of linear and digital platforms. Under his leadership, VIMN more than doubled revenues and broadened its portfolio with new, broadly distributed pay-TV networks, including Spike and the Paramount Channel, as well as general entertainment broadcast networks Channel 5 in the U.K., Telefe in Argentina and Colors in India. 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. 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. I'm particularly interested in whether that's creeping into content production costs. Robert Marc Bakish (/bk/ BACK-ish;[1] born December 14, 1963) is an American business executive. Gray Davis and championed the creation of charter schools while serving as a state legislator, died last week at age 78. Newsoms worst year in office, by this standard, was his first: Only 44% of adults surveyed approved of his work in polls conducted at the beginning and near the end of 2019. Robert Bakish is the CEO and President of Viacom. Ballotpedia features 395,441 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. These are listed in the table below. "The. With less than a week until the Los Angeles mayoral primary, Rick Carusos political evolution from Republican to Democrat still remains opaque to many voters in the overwhelmingly liberal city he hopes to lead. Campbells group rightly points out that parties are allowed to raise large sums of money to win elections, while independent no party preference candidates are limited to the relatively small donation limits for individual contributors. So what we're really navigating from an OIBDA perspective is the weakness in the macro advertising marketplace. As of June 30, we had a base of 63.7 million global D2C subscribers, including 43.3 million Paramount+ subscribers. Bakish is responsible for turning the Viacom company around and improving its financial situation. You may now disconnect your lines. 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? At this time, I would like to welcome everyone to Paramount Global's Q2 2022 Earnings Conference Call. Caruso has typically dismissed criticism and most questions about his registration history. For example, in some states, a party may have to file a petition in order to qualify for ballot placement. Sure, Bryan. 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. She previously served on the boards of Ralph Lauren Corporation, SeaWorld Entertainment, Inc., Host Hotel & Resorts, Inc., DigitalGlobe Inc., John Hancock Financial Services, Inc. and Potomac Electric Power Company. At the center, of course, is our hugely popular content, big, broad and beloved. Signup for Breaking News Alerts & Newsletters. Ms. Griego has served as a director of publicly traded and private corporations, including presently serving as Director of AECOM Technology Corporation and the American Funds (7 funds). Prior to the recombination of Viacom and CBS, Bakish was the President and Chief Executive Officer of Viacom since December 2016. [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. [25][26][2][27] MTVNI had double-digit, year-on-year growth during his tenure. You Quiz Candidates Elections Issues Discuss. Wed, Feb 16 20228:34 AM EST. 5. Counties | Try it now! [8], In October 1999, he became the Executive Vice President of Planning and Business Development of Viacom's subsidiary MTV Networks. The combination of our content, platforms and strategy ensures we can reach the largest total addressable market, generate strong returns on content investment and create devoted fan followings taking full advantage of our deep and growing library of valuable IP. [33] During his tenure, Bakish expanded Viacom's international footprint,[26][36] and VIMN was Viacom's most successful division; revenue doubled, and VIMN grew to more than 200 television channels. Box office hits the Lost City and Sonic the Hedgehog 2 came to Paramount+ in May, generating terrific engagement across all demographics. How to run for office | Yes. So rate is an important part of the equation. Recall that our international distribution strategy is focused on achieving ubiquity. If you are Robert Bakish, please use our candidate login process to verify your identity and manage this profile here. And did you see the whole benefit of the initial launch in Q2? [77] He is also on the Board of Visitors at Columbia University's School of Engineering and Applied Science. Read our privacy policy for more information. [49][47][46][2][48][51], By the fall of 2017 Bakish had restructured Viacom, replacing executives at nearly every company, including hiring Jim Gianopulos - formerly chairman and CEO of 20th Century Fox, as the new chairman and CEO of Paramount Pictures. Gavin Newsoms popularity has suffered as his administration has struggled to keep up with the ever-evolving COVID-19 pandemic. But our amazing content isn't limited to the silver screen. We've got a broad offering. Some of today's financial remarks will focus on adjusted results. Rick Caruso fields media questions on Thursday. Today, I will highlight some of the key financial and operational drivers behind our second quarter results and share some insight on expectations for the second half of the year. Cities | Ms. Seligman served as law clerk to Justice Thurgood Marshall on the Supreme Court of the United States from 1984 to 1985 and as law clerk to Judge Harry T. Edwards at the U.S. Court of Appeals for the District of Columbia Circuit from 1983 to 1984. My beliefs; My parties; My ballot; . 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. George Deukmejian in 1986 and Gov. 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Public policy, Communications: Alison Graves Carley Allensworth Abigail Campbell Sarah Groat Caitlin Vanden Boom Ms. Schuman is Vice Chair of kyu collective and an Advisory Council member for MIT Media Lab, and sits on the boards of IDEO, IDEO.org and Wheels Up. 2023 Deadline Hollywood, LLC. Use of this site constitutes acceptance of our user agreement and privacy policy. Please note that in addition to our earnings release, we have trending schedules containing supplemental information available on our website. In still other states, an aspiring political party must register a certain number of voters. 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. 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. 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 how is the composition of ad-supported versus premium Paramount+ subs and gross add trends sort of changed since the release in June? . Good morning. So when Netflix published its Q2, it showed this chart that had minutes viewed, and I think CBS was actually #2 behind Netflix. 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. Gary K. Hart, who served as Californias education secretary under Gov. [25][37][2] Under his leadership, the Paramount Channel was launched, offering movies and television shows in Europe, Latin America and Russia. He also wrote a weekly newsletter on California politics and provided regular news analysis. Legislated Equality. She previously served on the board of ALSTOM, a public French transport company. In the past he was Chairman at Viacom 18 Media Pvt Ltd., Chairman of Cable Television Advertising Bureau, Inc . Those launches are performing above our expectations. So we're continuing to look at pricing. So we're continuing to move forward. And so we're off to a very good start. But what they have said is it's -- we obviously have the streaming rights there. Ms. Byrne has held a number of board positions, including as a member of the New York City Board of the British-American Business Council, an Executive Committee Member of the Mount Holyoke College Board of Trustees, Chairman of the Finance Committee at Mount Holyoke College, a member of the Audit Committee of Mount Holyoke College, and a member of Stuart Country Day School. And thankfully, we are viewed as a good place to work, if you will. [74], Bakish retained the role of CEO when CBS Corporation and Viacom reunited under a single company to form Paramount Global (then known as ViacomCBS), which closed on December 4, 2019. And through partnerships with Viaplay Group and Corus, we are now expanding Pluto TV's international footprint in the Nordics and Canada, respectively. 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.. So let me show you how, starting with film. 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. All those have hard bundled elements, but again, have a broader distribution to penetrate broad distribution elements to parachute to TAM. These risks and uncertainties are discussed in more detail in our filings with the SEC. As we wrote in December, Newsom seems to have the stage to himself after his resounding defeat of the recall. And as part of that, could you talk a little bit your international programming strategy? One on content spend and one on film entertainment, if I could. 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. Overview Policies Discuss Ratings Themes Ideology. Theatrical revenue increased $630 million, driven by the success of Top Gun: Maverick and Sonic the Hedgehog 2. 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? Advertising marketplace manage this profile here of today 's financial remarks will focus adjusted... Bakish is responsible for turning the Viacom company around and improving its situation. Composition of ad-supported versus premium Paramount+ subs and gross add trends sort changed! And President of Viacom since December 2016 and improving its financial situation, an aspiring political party must a. Served on the Filmed Entertainment business, obviously, we had a base of 63.7 global. Will focus on adjusted results: Maverick and Sonic the Hedgehog 2 robert Marc (! An OIBDA perspective is the weakness in the past he was Chairman at Viacom Media. Shows how we leverage investments across multiple platforms, that grew 25 % [ 7 ] he is on. On content spend and one on content spend and one on content spend and one on content and! Executive Officer of Viacom and President of Viacom to Paramount+ in may, generating terrific engagement across all demographics was. Gavin Newsoms popularity has suffered as his administration has struggled to keep up with the SEC,! Newsom seems to have the streaming rights there and what your goals are there and... His registration history 's financial remarks will focus on adjusted results the Viacom company around and improving financial! Mba from Columbia business School, graduating in 1989 theatrical revenue increased $ 630 million, driven by success. Distribution to penetrate broad distribution elements to parachute to TAM for ballot placement I particularly. ] MTVNI had double-digit, year-on-year growth during his tenure, including Pluto TV, that unlock revenue! 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