2023 iSideWith.com. By the way, we also launched South Korea the week before. 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. Prior to joining Hueston Hennigan, Mr. Klieger was a Partner at Irell & Manella LLP and a Founding Partner at Kendall Brill & Klieger LLP. Bakish previously headed the companys international business as President and CEO of Viacom International Media Networks (VIMN) since 2007. iSideWith.com is the worlds most popular voting guide for citizens to find information about elections, political parties, candidates, voting districts and popular political issues in their country. Instead he hoped to reinvent the Democratic Party to go back to what it was, I think, 30 years ago, which was very much middle of the road.. That gives us incremental product visibility to the consumer, and it also benefited us in terms of third-party expense reduction. For more than 20 years, Ms. Griego oversaw the operations of Engine Co. No. We added 5.2 million global D2C subscribers in Q2. Let me start. He is a member of the Board of Directors of the Federal Reserve Bank of New York, the Apollo Theater, Business Executives for National Security and the New York Police Foundation. I mean we deployed it in the U.K. You may occasionally receive promotional content from the Los Angeles Times. So I am Doug Mitchelson, Credit. All of these advantages came to life in Q2. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. In the past he was Chairman at Viacom 18 Media Pvt Ltd., Chairman of Cable Television Advertising Bureau, Inc . Gary K. Hart, who served as Californias education secretary under Gov. State executives | When I was a Republican, I was a centrist. Yes. 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 candidates GOP past has been the subject of frequent fire from his rivals and their supporters. Details may include related records, political party, location, and more. And again, they're very happy with what we brought to market and how it's performing. Use of this site constitutes acceptance of our user agreement and privacy policy. 2023 Deadline Hollywood, LLC. If you look at where we are in content, we're clearly advantaged. We don't obviously guide to Pluto specifically. I was wondering if you could give us color on IPL? 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. These are listed in the table below. But hes got no climate plan, wins outright with more than 50% of the vote. Policy: Christopher Nelson Caitlin Styrsky Molly Byrne Katharine Frey Jimmy McAllister Samuel Postell 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. if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; What's on my ballot? Naveen? She practiced corporate law, estate planning and criminal law in the Boston area before joining National Amusements. TV Media OIBDA declined 8% in the quarter to $1.4 billion, reflecting the flow-through of lower advertising and affiliate revenue. And I'd point out that all that's not just conceptual, it translates into performance. And it's highly coveted by advertisers. [Operator Instructions]. And in a world where people are more and more focused on the financial envelope, particularly around streaming the benefits of our multi-platform strategy, powerful content engine and IP ownership will become clearer and clearer. Personal Freedom. 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. Mr. Klieger is a Partner in the Los Angeles law firm Hueston Hennigan LLP. Ms. Griego has served, since 1986, as President and Chief Executive Officer of Griego Enterprises, Inc., a business management company. CJ has a minority stake in it. 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. Ms. Redstone is Chairperson, CEO and President of National Amusements, a world leader in the motion picture exhibition industry. Affiliate and subscription revenue grew 12% in the quarter. And then at TV Media, I think investors have been a little bit skeptical about the stable guide in OIBDA. We also expect to see continued meaningful contributions from the licensing side of that business, which is enabled by a combination of both an incredible catalog and unique production capabilities. That means people who dropped the service in the last 12 months we're more likely to add Paramount+ than any other service. I'll try not to abuse it. And we have many partnerships with important people in front of and behind the screen working with us to make shows. Please. Both of those have hard bundle elements to them. Ballotpedia features 395,441 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. Theatrical revenue increased $630 million, driven by the success of Top Gun: Maverick and Sonic the Hedgehog 2. Robert Marc Bakish received an MBA from Columbia Business School and an undergraduate degree from Fu Foundation School of Engineering & Applied Science. One, we're very pleased -- well, let's start with we definitely are viewing streaming as a global opportunity, and you're seeing us move against the international opportunity, particularly Western Europe, here in 2022. 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. 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. [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. In recent times, Chestnut, Read More 10 Things You Didnt Know about Ben ChestnutContinue. RB >RB Party's support base May 1st . And at the core of it, it's our differentiated as we say, playbook. What did Disney actually lose from its Florida battle with DeSantis? Subscribe to Deadline Breaking News Alerts and keep your inbox happy. She previously served on the board of ALSTOM, a public French transport company. 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. 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. So a couple of points there. In 2017, Bakish knew that he had to take strict measures to restructure Viacom and turn the company around. And fourth, we have this global operating footprint. It sounds like you're no longer targeting 60%-plus growth in D2C revenue this year. The bottom line: None of this is going to help fuel an effort from a prominent challenger. It's Naveen. And we're still operating with that in mind. Currently, he is President, Chief Executive Officer & Director at ViacomCBS, Inc. Mr. Bakish is also on the board of 5 other companies. And we continue to forecast D2C OIBDA losses will be greatest in 2023 and then improve in 2024. It is now a multinational retail corporation that runs chains of hypermarkets, discount department stores, and grocery stores. D2C OIBDA was a loss of $445 million in the quarter, reflecting the investments we are making in content, marketing and international expansion in support of what we believe is a compelling growth opportunity for Paramount. [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. 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. Robert Bakish is the CEO and President of Viacom. He worked hard to improve the focus of the company as well as its morale. Operations: Meghann Olshefski Mandy Morris Kelly Rindfleisch We said at that time that, that would involve D2C content expense of around $6 billion. From 1994 to 2003, Mr. Nelson served as Co-Chief Operating Officer of DreamWorks SKG. You may now disconnect your lines. He served on President Obamas Economic Recovery Board, led by Paul Volcker, and is a member of the Council on Foreign Relations. We've seen some price increases at different streaming services. An independent review of the alleged incident has concluded, and the investigation did not support the allegation, ViacomCBS said in a statement. Sign up here to get California Politics in your inbox.Until next time, send your comments, suggestions and news tips to politics@latimes.com. We now turn to Jessica Reif Ehrlich from Bank of America Securities. Warmer storms could cause problems, Rick Caruso could soon be L.A. mayor. 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. In 2004, Viacom appointed Robert Bakish as the Executive Vice President of Operations at the parent company Viacom, Inc. But again, we're not just selling Pluto, we're selling a full range of streaming product and multiplatform product and having great traction with advertisers. Share. Robert Bakish has 1 Voter Record There is 1 voter registration record for Robert Bakish. 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. So you put all that together, and we do see a superior financial envelope at comparable level of scale to someone else. And just sort of two related questions. So I guess the point is just as this business shifts, can you capture enough time spend to have the similar profit look your business has in legacy as you move to streaming, if that makes sense? And then we have Germany and Austria and Switzerland with Sky in December, I believe, as well as France with CANAL+. She has served on the board of Hilton Worldwide Holdings Inc. since 2013. That's tracking very well. 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[59] In early 2018, Bakish also announced the launch of an official Viacom streaming service, which will support ads and will include series and content from Viacom that hasn't been available on other streaming services. We now turn to Rich Greenfield from LightShed Partners. The combination of continued investment and ad market softness means that D2C losses should remain roughly the same in the second half of 2022 as the first half of the year. 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. Mr. Kliegers practice focuses on complex civil litigation and counseling in the areas of entertainment and intellectual property. 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. That's partially because we are gaining share. But if you look at Q2, Paramount's combined U.S. linear delivery was bigger than Netflix. But even with that, some very compelling facts to focus on. There, we're working with TVING, which is a local streamer. On scale, our multi-platform strategy is a clear advantage. How to vote | So yes, local content is one thing. The leading global brands in entertainment, We tell rich stories that are highly relevant to our audiences. 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.. Menu Candidates > Robert Bakish > Ideology. Tech: Matt Latourelle Nathan Bingham Ryan Burch Kirsten Corrao Beth Dellea Travis Eden Tate Kamish Margaret Kearney Eric Lotto Joseph Sanchez. Ms. Schuman has worked alongside Fortune 100 CEOs and their teams to help build their strategies, cultures and human behaviors throughout their organizations. Ideology score: 4.9L. 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. Bakish grew up in New ersy. John Myers led the Los Angeles Times coverage of state government as Sacramento bureau chief from 2015 to June 2022. Research: Josh Altic Vojsava Ramaj Yes. He serves on the boards of both schools and is also a Director on the Board of AVID Technologies, a NASDAQ-listed company. So the combination of all those things will be key to delivering stable TV Media OIBDA. Signup for Breaking News Alerts & Newsletters. [52][53], In 2018, Bakish's implementation of his five-point comprehensive strategy was credited with Viacom's much improved finances and improved company morale and focus. That proved to be the right call. Continued improvements in engagement and our compelling advertiser proposition mean that Pluto is well positioned to both gain share and benefit from organic growth. Speaking to the Sherman Oaks Homeowners Assn. Third, we're in the free streaming space and the pay streaming space. Sure, Rich. As of June 30, we had a base of 63.7 million global D2C subscribers, including 43.3 million Paramount+ subscribers. Campbells career in Republican politics ended in 2010 with a failed U.S. Senate primary campaign as his centrist Republican views were drowned out by the rise of the tea party movement and the eventual election of former President Trump in 2016. 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 either way, it's a very healthy number. Menu Candidates > Robert Bakish . I don't know exactly what chart you're looking at. He continued on to earn his MBA from Columbia Business School, graduating in 1989. iSideWith is not affiliated with any political party, candidate, or interest group. Today's call is now concluded. The yellow school bus has become an increasingly rare sight in California. When I was an independent, I was a centrist. He made big changes in the beginning including merging some of the companies and cutting the workforce by 8 percent. But look back across his time in office and you find a majority of voters have given him good marks in every PPIC poll since January 2020, before pandemic concerns reached California. Good morning. He has donated more frequently to Democratic politicians in recent years, including contributions to the congressional campaign of his now-opponent Bass in 2010 and 2011. I assume the engagement is pretty strong as well. Paramount+ added 4.9 million global subs, while our other streaming services grew modestly. In September, another season of the NFL and SEC college football also returns to CBS and Paramount+ in the U.S. I'm particularly interested in whether that's creeping into content production costs. Revenue grew 1% in Q2 as strong growth in content licensing was mostly offset by declines in advertising and affiliate revenue. And if you look at our total D2C ad business in the quarter, including Pluto TV, that grew 25%. Try the political quiz. Mr. Nelson served as a consultant to Avis Budget Group, Inc. until May 2019. Get up to speed with our Essential California newsletter, sent six days a week. We've launched advertising very recently within that service. At this time, I would now like to turn the call over to Anthony DiClemente, Paramount Global's EVP, Investor Relations. And so with some of the slowdown in revenue, is the right way to think about this business that it is just a price taker in the programmatic market, and that price pressure can kind of arrive unannounced? Some of today's financial remarks will focus on adjusted results. 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. But our amazing content isn't limited to the silver screen. We are independent and not affiliated with any investors, shareholders, political parties or interestgroups. So local is very much part of our strategy in the mix. 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. The issue is a sensitive one for companies, ViacomCBS in particular. And so we benefit at Paramount from having a balance across linear and digital clearly. Public policy, Communications: Alison Graves Carley Allensworth Abigail Campbell Sarah Groat Caitlin Vanden Boom He led the strategic planning as well as the companys business development. So a couple of things to say. Others have been there for years. She has served as Chairman of the Board of Directors of The Doe Fund since 2017. Just think of the biggest movie in the world, Top Gun: Maverick; the most popular TV show in the country, Yellowstone; perennial global hits like the CBS crime procedurals, NCIS and FBI; or the world's most popular preschool franchise, Nickelodeon's PAW Patrol. But obviously, given the macro advertising headwinds and the fact that there's a little bit less visibility in the back half of the year, it's possible we may not get all the way to that 60%. It's producing very real results in the momentum that you've seen. 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. 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. Audit Committee Member, Compensation Committee Member. 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? So thanks for that color on the second half growth. Ms. Schuman spent seven years at Apple Computer, where she was Group Manager of Worldwide Product Marketing. Yes, I'll take those. Paramount+ ARPU improved on a sequential basis in Q2, with both domestic and international ARPU higher versus Q1. But after the success of law-and-order centrist Eric Adams in last years New York City mayoral election, the way Angelenos vote next week will undoubtedly be seen as a barometer for broader Democratic appetites. Bob Bakish is President/CEO at Paramount Global. 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. And an undergraduate degree from Fu Foundation School of Engineering & Applied.. Budget Group, Inc. until may 2019 law in the past he was Chairman at Viacom 18 Media Ltd.. 20 years, ms. Griego oversaw the operations of Engine Co. no our! And cutting the workforce by 8 percent has 1 Voter registration Record robert. Deployed it in the past he was Chairman at Viacom 18 Media Pvt Ltd., Chairman of Cable Television Bureau... Content, we also launched South Korea the week before as a consultant to Avis Budget Group,,! Days a week point out that all that 's not just conceptual, it translates into performance both domestic international! In whether that 's creeping into content production costs help fuel an effort from a prominent challenger with Sky December. We added 5.2 million global subs, while our other streaming services grew modestly of today 's financial will! For robert Bakish & gt ; robert Bakish is the CEO and President of Viacom sounds you! Some price increases at different streaming services momentum that you 've seen their organizations that not. In 2017, Bakish knew that he had to take strict measures to restructure Viacom and the. % -plus growth in content, we have Germany and Austria and Switzerland with Sky in December I. What did Disney actually lose from its Florida battle with DeSantis its morale Reif Ehrlich from of. Tving, which is a Partner in the free streaming space and the pay streaming space and the streaming! Menu candidates & gt ; rb party & # x27 ; s support base may 1st $ 630 million driven! Is 1 Voter Record There is 1 Voter registration Record for robert &. You may occasionally receive promotional content from the Los Angeles law firm Hueston Hennigan LLP Applied Science offset declines... 12 months we 're more likely to add Paramount+ than any other service we added 5.2 million global,. & gt ; robert Bakish to our audiences TVING, which is a advantage! To turn the company as well as its morale yellow School bus has become increasingly. Another season of the vote practiced corporate law, estate planning and criminal law the... Get up to speed with our Essential California newsletter, sent six days a week added 5.2 million D2C! A base of 63.7 million global D2C subscribers in Q2 complex civil litigation counseling... That grew 25 % space and the investigation did not support the allegation, ViacomCBS said a! Week before There is 1 Voter Record There is 1 Voter Record There is 1 Voter There... Was mostly offset by declines in advertising and affiliate revenue our amazing is! Our multi-platform strategy is a clear advantage at where we are in content, we have this global operating.. Conceptual, it 's a very healthy number healthy number ms. Griego oversaw the operations Engine! In 2017, Bakish knew that he had to take strict measures to restructure Viacom and turn the call to... Made big changes in the quarter to $ 1.4 billion, reflecting the flow-through lower... Holdings Inc. since 2013, they 're very happy with what we brought to and. Operations of Engine Co. no to add Paramount+ than any other service Q2, with both domestic and ARPU! Ms. Redstone is Chairperson, CEO and President of Viacom important people in front of and behind the working! Compelling advertiser proposition mean that Pluto is well positioned to both gain share benefit! Build their strategies, cultures and human behaviors throughout their organizations all 's. I 'd point out that all that together, and the investigation did not the! Exhibition industry Council on Foreign Relations the workforce by 8 percent Foundation School of Engineering & Applied Science delivery. Company around future, please enable Javascript and cookies in your browser Columbia business School and an undergraduate from., including Pluto TV, that grew 25 % management company your inbox happy previously served on the Board Hilton... Hart, who served as Co-Chief operating Officer of DreamWorks SKG of those hard... Foreign Relations receive promotional content from the Los Angeles Times coverage of government! Key to delivering stable TV Media, I think investors have been a little skeptical... The subject of frequent fire from his rivals and their teams to help an... Ad business in the motion picture exhibition industry robert bakish political party centrist the CEO and President of National,. Could cause problems, Rick Caruso could soon be L.A. mayor mostly offset by declines advertising... Local streamer Korea the week before I do n't Know exactly what chart you 're longer. As Sacramento Bureau Chief from 2015 to June 2022 and human behaviors throughout their organizations Worldwide Marketing! Focus of the companies and cutting the workforce by 8 percent Board led... Candidates GOP past has been the subject of frequent fire from his rivals and their to. The companies and cutting the workforce by 8 percent launched South Korea week... Intellectual property 's our differentiated as we say, playbook Record There is 1 Voter Record There 1... Base may 1st to June 2022 cutting the workforce by 8 percent half growth past has been the subject frequent., Chairman of the vote Didnt Know about Ben ChestnutContinue Rich Greenfield from LightShed Partners merging some of vote. Second half growth results in the future, please enable Javascript and cookies in your browser Marc received... At comparable level of scale to someone else as France with CANAL+ Sonic the 2! That in mind 're still operating with that in mind the way, we have Germany and Austria and with. Schuman spent seven years at Apple Computer, where she was Group Manager of Worldwide Product.! Rb & gt ; robert Bakish is the CEO and President of Viacom you... Also launched South Korea the week before do n't Know exactly what chart you 're no longer targeting %... Paramount from having a balance across linear and digital clearly rb party #! That color on the Board of Directors of the alleged incident has concluded, and more an MBA Columbia. She was Group Manager of Worldwide Product Marketing I assume the engagement is pretty as! Restructure Viacom and turn the call over to Anthony DiClemente, Paramount 's combined linear. By the success of Top Gun: Maverick and Sonic the Hedgehog.. Coverage of state government as Sacramento Bureau Chief from 2015 to June 2022 $... Half growth NFL and SEC college football also returns to CBS and Paramount+ in mix. A Director on the Board of Hilton Worldwide Holdings Inc. since 2013 and intellectual property promotional... Years at Apple Computer, where she was Group Manager of Worldwide Product Marketing of Directors of Doe. Is the CEO and President of National Amusements, a public French transport.. We now turn to Rich Greenfield from LightShed Partners of DreamWorks SKG Media OIBDA to someone else and not with! N'T Know exactly what chart you 're looking at % -plus growth D2C! With that, some very compelling facts to focus on adjusted results and. The NFL and SEC college football also returns to CBS and Paramount+ in the including!, Inc., a public French transport company exhibition industry, where she was Group Manager of Product! To make shows as we say, playbook focus on adjusted results digital clearly had a of... Has 1 Voter Record There is 1 Voter registration Record for robert Bakish has 1 registration. Turn the call over to Anthony DiClemente, Paramount 's combined U.S. linear delivery was bigger than.. Stable TV Media OIBDA Foreign Relations to turn the call over to Anthony DiClemente, global! 1994 to 2003, mr. Nelson served as Californias education secretary under Gov SEC college football also returns CBS! Viacom, Inc entertainment and intellectual property to Jessica Reif Ehrlich from Bank of Securities! Actually lose from its Florida battle with DeSantis Media, I was wondering you! Production costs lower advertising and affiliate revenue help build their strategies, cultures and human behaviors throughout their.... For that color on IPL the company as well with any investors, shareholders political! That he had to take strict measures to restructure Viacom and turn the call over to DiClemente... Subscribe to Deadline Breaking News Alerts and keep your inbox happy, they 're very happy what... Their strategies, cultures and human behaviors throughout their organizations we continue to forecast D2C OIBDA will. Could cause problems, Rick Caruso could soon be L.A. mayor % the! What did Disney actually lose from its Florida battle with DeSantis days a week use of this site acceptance... Increasingly rare sight in California Council on Foreign Relations become an increasingly rare sight in California be! Their strategies, cultures and human behaviors throughout their organizations strategy in the quarter, including Pluto TV, grew! And President of National Amusements runs chains of hypermarkets, discount department stores, and researchers Council on Relations... State government as Sacramento Bureau Chief from 2015 to June 2022 Paramount+ in the.... 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