And fourth, we have this global operating footprint. 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. Julia Wick is a Metro reporter for the Los Angeles Times covering City Hall and the 2022 Los Angeles mayoral election. But the second element of it, a lot of that we're going to use globally because on a termed basis, the streaming world has proven that works. But our amazing content isn't limited to the silver screen. Several executives within Viacoms subsidiaries were replaced. These risks and uncertainties are discussed in more detail in our filings with the SEC. Search Terms: Robert Bakish Reset All Filters Page 1 of 1 That means people who dropped the service in the last 12 months we're more likely to add Paramount+ than any other service. She practiced corporate law, estate planning and criminal law in the Boston area before joining National Amusements. So is this just a bunch of unhappy Republicans? For more than 20 years, Ms. Griego oversaw the operations of Engine Co. No. 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. Yes, I'll take those. Box office hits the Lost City and Sonic the Hedgehog 2 came to Paramount+ in May, generating terrific engagement across all demographics. He was considering a run for mayor at the time. That's right, the Wall Street banker who runs a firm . Sort of everyone, but Netflix is losing billions a year on streaming. Pluto TV added 2.1 million global MAUs in Q2, bringing our global reach to 69.6 million MAUs. Please disable your ad-blocker and refresh. 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. Republicans have been pretty consistent in their disapproval while Newsoms large margin of support among Democrats has risen. Consider subscribing to the Los Angeles Times. So we're very excited about this transformation journey that we're on. As evidence, it is worth noting that we recently had our strongest multi-platform unified upfront yet. 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. We wanted to learn more about him so we looked into his profile and list of accomplishments and we made some interesting discoveries. Fans are headed back to the theaters to watch our films. Later in the year, we'll do the same with Sky in Germany, Austria and Switzerland, and with CANAL+ in France. 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. He worked hard to improve the focus of the company as well as its morale. An independent review of the alleged incident has concluded, and the investigation did not support the allegation, ViacomCBS said in a statement. 2023 iSideWith.com. Carusos campaign appears to be taking a concerted strategy to discuss his Republican history as little as possible, largely declining to offer further clarity on his past views. But I care deeply, Campbell said. Robert Bakish earned praise for his work, 7. 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. 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. We continue to maintain significant financial flexibility, which will increase with the addition of proceeds from the sale of Simon & Schuster &. Affiliate and subscription revenue grew 12% in the quarter. 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. Sure, Rich. My beliefs; My parties; My ballot; . 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. But in the years since, he latched onto the idea of a political party that would welcome differences of opinion and whose members would value the pursuit of common ground. Please check back soon. In September, we're using that same strategy to launch Paramount+ as a hard bundle in Italy with Sky Italia. And just sort of two related questions. Menu Candidates > Robert Bakish . 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. But even with that, some very compelling facts to focus on. And we're looking forward to what that does both for the box office business and also our other channels. She has served as Chairman of the Board of Directors of The Doe Fund since 2017. Those candidates tell me, No party preference after my name on the ballot sounds like I dont care. There, we're working with TVING, which is a local streamer. 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. It's really a marketplace dynamic that unfortunately, we're not immune to. Bakish previously headed the companys international business as President and CEO of Viacom International Media Networks (VIMN) since 2007. But Secretary of State Shirley Weber has delayed her announcement on qualification until Feb. 22, several weeks after candidates have launched campaigns and started lining up donors. School districts | 100% remote. 2023 Deadline Hollywood, LLC. 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. [75], Bakish has been on the Board of Directors of Paramount since its merger, and previously at Viacom from December 12, 2016 up until the merger. I want to remind you that certain statements made on this call are forward-looking statements that involve risks and uncertainties. [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. 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. As the fourth largest pizza delivery restaurant chain in the United States, its been keeping us supplied with cheesy goodness for over 36 years. If you are Robert Bakish, please use our candidate login process to verify your identity and manage this profile here. Success like this isn't a given, it requires the right strategy and strong execution. [78], Bakish was previously Chairman of the board of Viacom 18 Media from 2007 until February 28, 2018. Ms. Redstone earned a BS from Tufts University, and a JD and a Masters in Tax Law from Boston University. For decades, California law has forbidden the states medical board from considering victim statements in decision-making. In 2004, Viacom appointed Robert Bakish as the Executive Vice President of Operations at the parent company Viacom, Inc. 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. Yet again, evidence, we are taking market share. Ballot measures, Who represents me? 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. 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. He previously served on the board of Convergys Corporation. 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. Yes. He also sits on the Board of Visitors at the School of Engineering and Applied Science at Columbia University. 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 there are real reasons that we see this path to superior margins. And Kopp served his time in the Legislature as an independent. 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. Lloyd Blankfein, Goldman Sachs ( GS ). Or is some of that going to lead into Q3? You may occasionally receive promotional content from the Los Angeles Times. In a race where frustration is the prevailing sentiment and issues of homelessness and public safety have dominated nearly every discussion, its unclear how much voters care about a candidates political development even if most know little about it. I'd note that the supply side of Pluto continues to track very strongly. Will it turn to a billionaire mayor? Yes. 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. He previously worked as a partner with Booz Allen & Hamilton in its Media and Entertainment practice. He was responsible for the oversight of all of MTV Networks business operations outside of the United States. "The. A Common Sense Party for California. And we do see this tracking to TV Media-like markets, which is at the core of your question. And then if I could, Naveen, I apologize because I know it's early to discuss '23, but I'd be curious if you could provide any frame of reference for how much greater those peak D2C losses could be in '23 relative to the 2022 outlook? And as you said, it's really too early to know exactly what the market will look like in 2023. Paramount+ saw continued engagement improvement as our content offering expanded even further. And we continue to forecast D2C OIBDA losses will be greatest in 2023 and then improve in 2024. 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. [16][17][18][19][20] In these two positions, he was responsible for Viacom's strategic planning and business development plus oversight of a range of business units including Famous Music, Famous Players, Viacom Plus sales and information services and technology, as well as heading Viacom's cross-divisional marketing council. If you look at where we are in content, we're clearly advantaged. And as part of that, could you talk a little bit your international programming strategy? Mr. Phillips has extensive experience as a senior executive in a large, multinational corporation, financial industry background and financial and analytical expertise, significant public company and corporate governance experience, expertise in technology issues and familiarity with issues facing media, new media and intellectual property-driven companies and a deep knowledge of Viacom. I mean in terms of our expectations for Pluto in the back part of the year, I'd take a couple of things. Two is with respect to Western Europe, we obviously launched the U.K. and Ireland in June. [Operator Instructions]. Our quarter end totals reflect the removal of 3.9 million D2C subs in Russia, of which 1.2 million were from Paramount+, consistent with our plan to remove these subscribers from our reporting. He was given the title of Executive Vice President and Chief Operating Officer of MTVs advertising sales from 2001 through 2004. 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. This growth consisted of a 74% increase in subscription revenue and a 25% increase in advertising revenue. And in terms of the ad load specifically, it's more a function of continuing to build out the ad products on Paramount+. Naveen? So yes, there will be incremental options in the market. Remember, Rich, we've only been in the streaming business for a short time. Through a strategy to deepen and expand Viacoms presence in digital and live experiences, Bakish also stewarded the key acquisitions of free streaming television service Pluto TV; Gen-Z focused brand Awesomeness; influencer marketing firm WHOSAY; and VidCon, the worlds largest celebration of online video fans and creators. Also worth noting that we're taking advantage of the current situation to increase our level of promotion for in-house assets, particularly with respect to Paramount+. But these aren't long-term issues. MAUs are now at basically $70 million because we're getting great consumer traction and engagement, time spent, et cetera on Pluto continues to grow. It helps our content economics. Domestic affiliate revenue was flat in Q2, excluding a 50 basis point headwind from a year-over-year decrease in pay-per-view revenue. And our 2023 fleet is anchored by fresh commercial takes on some of our most popular and new franchises: from TRANSFORMERS and Teenage Mutant Turtles to Dungeon & Dragons and PAW Patrol, to name just a few. 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. Tom Campbell, chair of the Common Sense Party. Thank you taking the time to join us for our second quarter 2022 earnings call. But in a competitive market, scale isn't enough. So rate is an important part of the equation. And what will the margin profile of that business looks like? [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. She previously served on the board of ALSTOM, a public French transport company. 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. We're going to continue to manage through it, and we look forward to keeping you updated as we do. 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. We want to hear from you! Before beginning his career in private practice, Mr. Klieger served as a law clerk to the Honorable Cynthia Holcomb Hall of the United States Court of Appeals for the Ninth Circuit, and the Honorable William Matthew Byrne, Jr. of the United States District Court for the Central District of California. 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 . The yellow school bus has become an increasingly rare sight in California. 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. 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. When Bakish first went to work for Viacom it wasnt as the head of the company but it was in a leadership position. 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. We are currently researching Robert Bakishs political policies. Public policy, Communications: Alison Graves Carley Allensworth Abigail Campbell Sarah Groat Caitlin Vanden Boom 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. 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. iSideWith.com may earn a portion of sales from products that are purchased through our site as part of our affiliate partnerships with retailers. So thanks for that color on the second half growth. Overview Policies Discuss Ratings Themes Ideology. 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. Pricing will be a part of the equation. 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. We had broadcast and cable pricing increase at the same high single-digit rate. The challenge is whether his group can get officially recognized in time for the June 7 statewide primary. 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. He went on to attend Columbia University where he studied in their School of Engineering and Applied Science. [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. Yes. Details may include related records, political party, location, and more. Good morning. And then we have Germany and Austria and Switzerland with Sky in December, I believe, as well as France with CANAL+. Paramount continues to shine at the box office with numbers that outperformed even our own expectations, and we're excited about the future. Hes also had international business experience, 6. How to run for office | 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. Sure, Bryan. Reports subsequently emerged of a culture of bullying, verbal abuse and sexual harassment at CBS Newsshow60 Minutes and complaints of a toxic work environment at some CBS televsion stations. He serves on the boards of both schools and is also a Director on the Board of AVID Technologies, a NASDAQ-listed company. Ideology score: 4.9L. 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. Robert Bakish. As of September 2022, the state of California officially recognized six political parties. Revenue grew 10% year-on-year. So very good supply side equation. 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? The leading global brands in entertainment, We tell rich stories that are highly relevant to our audiences. Bye-bye. We just have to let it play out a bit. It gets us a bigger TAM. Im a Democrat, and Im proud to be a Democrat, Caruso said when asked Tuesday about his prior changes in voter registration. But new legislation could expand bus fleets, a policy shift that proponents say could curb absenteeism and narrow inequities. As we look ahead in this ad market, there's 2 things I'd note. In the past he was Chairman at Viacom 18 Media Pvt Ltd., Chairman of Cable Television Advertising Bureau, Inc . 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. Sure, Brett. [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. We've seen some price increases at different streaming services. The first is pharmaceuticals. 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. 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. 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. So we've been managing with that for a while. Hard bundle deals like these allow us to quickly unlock a healthy volume of subscribers at 0 acquisition cost and with very low churn. Learn how your comment data is processed.
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