robert bakish political party

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. But longer term, we do still remain confident that once that advertising market recovers, we can deliver TV Media -- stable TV Media OIBDA, and that's enabled by a combination of a few things. We are currently researching Robert Bakish. Mr. Klieger represents motion picture studios, broadcast and cable television networks, production companies, video game publishers and high net worth individuals in the media and entertainment space, as well as clients in other industries including apparel, aviation and venture capital. Our last question comes from Philip Cusick from JPMorgan. Thank you, Bob, and good morning, everyone. We don't obviously guide to Pluto specifically. and really a long track recordship of partnership and customer services with agencies and their clients. 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. Get our latest storiesin the feed of your favorite networks. His investment banking career began in 1983 as an Associate with The First Boston Corporation. 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. Now because our assets continue to perform impressively across TV and streaming, advertisers are taking note even amid broader market uncertainty. Caruso kept his Republican Party affiliation until mid-November 2019, when he changed his registration back to no party preference, according to county records. The conventional wisdom, based on news headlines and social media, is that Gov. In the early stages of the pandemic, we were very selective with our releases, holding certain films until market conditions improve. And I note that we are seeing some areas of category strength, including in Q2 and today, travel, technology. Please check back soon. 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. Based on third-party data, Paramount+ is the #1 premium service in the U.S. in sign-ups and net subscriber additions, both this quarter and year-to-date. And it's highly coveted by advertisers. 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. 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. U.S. President | 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. And as you pointed out, our content dollars are used differently than many of our peers. 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. [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. First, on content spend. he was also in charge of several business units under Viacom Enterprises including Viacom Plus sales, Famous Players, Famous Music, their cross-divisional marketing council and their information services and technology. This, combined with our fiscally disciplined approach, including with respect to cost management, provides a real advantage in these challenging times and beyond. I'm particularly interested in whether that's creeping into content production costs. Two is with respect to Western Europe, we obviously launched the U.K. and Ireland in June. Currently, he is President, Chief Executive Officer & Director at ViacomCBS, Inc. Mr. Bakish is also on the board of 5 other companies. Your support helps us deliver the news that matters most. 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. Despite short-term headwinds related to the macro environment, the value of our diversified business, and particularly our ability to monetize content across platforms and audiences, is becoming more clear than ever. 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. The title changed in 2006 to Executive Vice President of Viacom Enterprises. Jerry Brown in 2014. 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. [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. That means people who dropped the service in the last 12 months we're more likely to add Paramount+ than any other service. And then you add to that industry-leading, integrated advertising and advanced advertising capabilities. 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. 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 seen some price increases at different streaming services. Ms. Redstone earned a BS from Tufts University, and a JD and a Masters in Tax Law from Boston University. He has been President and CEO of Paramount Global since December 4, 2019, formerly holding the same position at Viacom before the merger with CBS Corporation. That's tracking very well. Affiliate and subscription revenue grew 12% in the quarter. Revenue side has certainly been impacted by the macroeconomic situation. So what we're really navigating from an OIBDA perspective is the weakness in the macro advertising marketplace. This earned him well deserved recognition and praise. We also have -- in the U.K., we have Channel 5, so it has relationships that are triggering stories there. The success of our streaming platforms speaks to the power of our content strategy. So we're continuing to look at pricing. Until March 2016, Ms. Seligman served as the President of Sony Entertainment, Inc. (beginning in 2014) and of Sony Corporation of America (beginning in 2012), and as Senior Legal Counsel of Sony Group (beginning in 2014). Try it now! With less than a week until the Los Angeles mayoral primary, Rick Caruso's political evolution from Republican to Democrat still remains opaque to many voters in the . Which brings us to whether the Common Sense Party can compete this year. So we're continuing to move forward. 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. For more than 20 years, Ms. Griego oversaw the operations of Engine Co. No. You Quiz Candidates Elections Issues Discuss. Gary K. Hart, who served as Californias education secretary under Gov. I'll start this morning by talking about Q2 highlights and preview what's next. Yes. How to vote | Paramount+ ARPU improved on a sequential basis in Q2, with both domestic and international ARPU higher versus Q1. Bob, could you talk a little bit about how the launch went in the U.K. and South Korea in the quarter, sort of the strategy to drive that business? But he did share insight into his worldview with the relatively small audience, saying he became an independent because he didnt like ideology. He also sits on the Board of Visitors at the School of Engineering and Applied Science at Columbia University. Third, we're in the free streaming space and the pay streaming space. Domestic affiliate revenue was flat in Q2, excluding a 50 basis point headwind from a year-over-year decrease in pay-per-view revenue. As of September 2022, California officially recognized six political parties: the American Independent, Democratic, Green, Libertarian, Peace and Freedom, and Republican parties. And we have many partnerships with important people in front of and behind the screen working with us to make shows. In this role, which he assumed in December 2019, Bakish is responsible for growing the company's creative assets, content capabilities and streaming services to serve important and diverse audiences, which consume over 30 billion hours of Paramount content globally across more than 180 countries. Nominating and Governance Committee Member. Ms. Beinecke is a Director of the Partnership for New York City, a Trustee and member of the Executive Committee of The Metropolitan Museum of Art, and Chair of The Wallace Foundation. Please note that in addition to our earnings release, we have trending schedules containing supplemental information available on our website. That's right, the Wall Street banker who runs a firm . First, we're really pleased with how the upfront played out and particularly the volume dynamic in it, which was up nicely. Bye-bye. The momentum of Paramount+ is not just the product of its strong and diverse portfolio of content, it's also the product and the smart distribution strategy, which is bringing our flagship streaming services to more audiences than ever before. We delivered 19% total company revenue growth through continued strong D2C momentum and record performance at the box off. 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. And yes, we've got to manage through some near-term macroeconomic headwinds, but we will. Bakish oversees one of the worlds leading producers of media and entertainment content, driven by a global portfolio of powerful consumer brands and flagship streaming platforms, including CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, and Pluto TV, among others. It seems like the MAU growth is strong. It really has 3 fundamental components: hard bundle, plus channel stores like Roku and Amazon and Apple, and direct D2C on an O&O basis. We had broadcast and cable pricing increase at the same high single-digit rate. Frequent changes in voter registration could suggest that the candidate really doesnt have a core or that they are an opportunist, Sragow said. Just wondering if you could talk in some more detail about the impacts of the macroeconomic environment that you're seeing in the business and particularly what you're seeing in terms of advertising demand across your own platforms. 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. Our next question comes from Brett Feldman from Goldman Sachs. There, we're working with TVING, which is a local streamer. [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. Republicans have been pretty consistent in their disapproval while Newsoms large margin of support among Democrats has risen. Ms. Seligman joined Williams & Connolly in 1985. In the past he was Chairman at Viacom 18 Media Pvt Ltd., Chairman of Cable Television Advertising Bureau, Inc., President & Chief Executive Officer for Global Entertainment Group Plc, Executive Vice President-Operations of Viacom Enterprises, President, Chief Executive Officer & Director at Viacom, Inc., President & Chief Executive Officer of MTV Networks International, President & Chief Executive Officer for ViacomCBS Networks International, President for Viacom Media Networks, Inc. and Partner at Booz Allen Hamilton International (U.K.) Ltd. Ballotpedia uses one or more of the following sources to identify each officeholder's partisan affiliation: (1) direct communication from the officeholder, (2) current or previous candidacy for partisan office, or (3) identification of partisan . He also sits on the Avid Technology Board of Directors. [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. 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+. Their goal is to appeal to voters who place value in collaboration, compromise and pragmatism. My beliefs; My parties; My ballot; My support map; My settings; Logout; United States Speaking English. The L.A. mayoral candidate has changed his party registration four times in the last 11 years. And we're looking forward to what that does both for the box office business and also our other channels. L.A. loves the glitz but suspects the rich. And at this scale, we offer advertisers access to a wide variety of audiences across every demographic. In order to be recognized by the state, a political party must fulfill certain requirements, which are detailed here.[1]. The last point, your local content, all those markets do have local content dimensions. Robert M. Bakish is President and Chief Executive Officer of Paramount Global. And while macroeconomic conditions are likely to continue to affect advertising demand and impact TV Media financials, political advertising as well as price increases negotiated in this year's upfront, in combination with continued expense discipline, should help mitigate market-driven headwinds, particularly in Q4. Independent voters have also warmed up to the governor, with the number of undecideds dropping sharply since 2019 and breaking in Newsoms favor. Bakish grew up in New ersy. [65][66][67][68][69] In addition, later that June, Bakish announced that Viacom will produce some new series exclusively for Netflix, beginning with Nickelodeon-related content. It's going to be part of a streaming offering for the Indian market, that Viacom18 is going to launch in 2023. [8], In February 1997, Bakish joined Viacom. 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. If you have an ad-blocker enabled you may be blocked from proceeding. Our next question comes from Bryan Kraft from Deutsche Bank. 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. over Zoom, Caruso did not correct the interviewers mistaken impression that he had remained a no-party-preference voter from 2011 until registering as a Democrat in 2022. We said at that time that, that would involve D2C content expense of around $6 billion. 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). As exemplified by our deals with Viacom18 and Reliance, with whom we're partnering to bring Paramount+ to India and with our Sky Showtime partnership with Comcast, which will launch later this year. TV Media affiliate revenue declined 3% in the quarter. And any additional color on the outlook for Pluto in the back half of the year, given what you saw in 2Q? Campbells group went the route of registering voters and state election law requires a number equal to 0.33% of the total number of registered voters. That's super important to us because it's a big category for us given our demographics and specifically the demos of CBS. After all, to drive best-in-class marketing and distribution, you've got to have best-in-class assets, like the #1 broadcast network in America, the largest broadcast footprint globally, the #1 free ad-supported streaming TV service in the U.S. and one of the fastest-growing premium SVOD services. 100% remote. 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. Market conditions improve registration four times in the last 11 years to what that does both for Indian... 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