Initially as Vice President of Planning and Development,[8] he became Senior Vice President of Planning, Development and Those launches are performing above our expectations. But even with that, some very compelling facts to focus on. And then at TV Media, I think investors have been a little bit skeptical about the stable guide in OIBDA. We'll end this spectacular year with Damien Chazelle's Babylon, starring Brad Pitt and Margot Robbie, which begins its theatrical rollout in December. CJ has a minority stake in it. The effort is also being led by former San Francisco state Sen. Quentin Kopp and former state Commerce Secretary Julie Meier Wright. Should the Common Sense Party be successful and recruit candidates who win, it could make a little history. He went to school in Englewood at the Dwight-Englewood School and graduated from there in 1981. Audit Committee Member, Compensation Committee Member. Obviously, we're in business with Sky in the U.K. and Ireland, and they are very pleased with what we brought to market. Paramount+ added 4.9 million global subs, while our other streaming services grew modestly. 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? 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. [25][26][2][27] MTVNI had double-digit, year-on-year growth during his tenure. Bakish grew up in New ersy. If you look at where we are in content, we're clearly advantaged. Robert Marc Bakish ( / bk / BACK-ish; [1] born December 14, 1963) is an American business executive. Sure, Bryan. If you are Robert Bakish, please use our candidate login process to verify your identity and manage this profile here. 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. But in a competitive market, scale isn't enough. The start-up effort to break the two-party orthodoxy is being organized by a pair of former California lawmakers who spent much of their time in office as ideological misfits. Caruso served as Kasichs California co-chair and was outspoken about his dislike for then-candidate Donald Trump. The Board takes any allegation of this type seriously. That's right, the Wall Street banker who runs a firm . All rights reserved. That means people who dropped the service in the last 12 months we're more likely to add Paramount+ than any other service. Enjoying this newsletter? 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. One on content spend and one on film entertainment, if I could. Meanwhile, in markets like India and Eastern Europe, we're focused on balancing long-term market growth with a smart allocation of capital. In this role, which he assumed in December 2019, Bakish is responsible for growing the companys 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. School districts | 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. We know how to do programmatic. [Operator Instructions]. [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. Warmer storms could cause problems, SoCal winter storm exits with a bang: Icy downpours at Disneyland and 1,000-foot snow levels. Yes, I'll take those. We have Italy in September. During the time of his leadership in this division he established the Colors network franchise in India, which became very popular. And then we have Germany and Austria and Switzerland with Sky in December, I believe, as well as France with CANAL+. We now turn to Ben Swinburne from Morgan Stanley. 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. But there are real reasons that we see this path to superior margins. As the fourth largest pizza delivery restaurant chain in the United States, its been keeping us supplied with cheesy goodness for over 36 years. [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. And we continue to see very healthy levels of growth there, 56% D2C revenue growth in the quarter. He was considering a run for mayor at the time. Send us a tip using our annonymous form. In addition to his responsibilities as CEO he is also charged with sitting on Viacoms Board of Directors. Look no further than Top Gun: Maverick, which is already the biggest film of 2022, and our fifth #1 title this year. That's showing up in certain categories, things like auto continues to be impacted by the supply chain. It is part of our broader D2C business, as you well know. This week, the effort came up short. And its those voters whom the leaders of the California Common Sense Party want to reach. How to run for office | Bakishs leadership was integral to the successful merger of Viacom and CBS as he led the transformation efforts within the new company, combining two great cultures, formalizing a best-in-class leadership team and aligning the organization around strategic growth priorities centered on streaming. In September, another season of the NFL and SEC college football also returns to CBS and Paramount+ in the U.S. I don't know exactly what chart you're looking at. 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. Although Pluto TV revenue growth was impacted by the macro environment, the service continues to demonstrate strong engagement with the year-over-year growth rate in total viewing hours accelerating from Q1 to Q2. Ms. Schuman has worked alongside Fortune 100 CEOs and their teams to help build their strategies, cultures and human behaviors throughout their organizations. He serves on the boards of both schools and is also a Director on the Board of AVID Technologies, a NASDAQ-listed company. And did you see the whole benefit of the initial launch in Q2? [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. Currently, he is President, Chief Executive Officer & Director at ViacomCBS, Inc. Mr. Bakish is also on the board of 5 other companies. This, combined with our fiscally disciplined approach, including with respect to cost management, provides a real advantage in these challenging times and beyond. 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 also wrote a weekly newsletter on California politics and provided regular news analysis. 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. Julia Wick is a Metro reporter for the Los Angeles Times covering City Hall and the 2022 Los Angeles mayoral election. 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. That gives us incremental product visibility to the consumer, and it also benefited us in terms of third-party expense reduction. So that's one important economic advantage. And at the core of it, it's our differentiated as we say, playbook. And yes, we've got to manage through some near-term macroeconomic headwinds, but we will. Third point I'd make is this is a big year for Western Europe for us. Republicans have been pretty consistent in their disapproval while Newsoms large margin of support among Democrats has risen. He worked hard to improve the focus of the company as well as its morale. Federal courts | Ms. Byrne has over 37 years of experience in the financial services industry and is credited with developing longstanding partnerships with diverse groups of multinational corporate clients and leading teams on diverse financing and complex strategic advisory assignments. The L.A. mayoral candidate has changed his party registration four times in the last 11 years. It's producing very real results in the momentum that you've seen. 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. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. Importantly, Bakish created a new, unified global streaming organization and strategy to maximize Paramount content across pay, free and premium streaming services spotlighted by Paramount+, Pluto TV and Showtime OTT. My ballot; My support map; My settings; Logout; United States Speaking English. And as you said, it's really too early to know exactly what the market will look like in 2023. [8], In October 1999, he became the Executive Vice President of Planning and Business Development of Viacom's subsidiary MTV Networks. 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