Robert Bakish is the CEO and President of Viacom. 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. [41][37][42][43] Simultaneously, he was also appointed President and CEO of the newly created Viacom Global Entertainment Group, combining Viacom International Media Networks (VIMN) with Viacom's Music and Entertainment group, which includes MTV, Comedy Central, VH1, Spike TV and Logo TV; two additional networks, TV Land and CMT, also joined the Global Entertainment Group. 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. So when Netflix published its Q2, it showed this chart that had minutes viewed, and I think CBS was actually #2 behind Netflix. Sure, Brett. Earl Warren in 1950, Gov. And then we have Germany and Austria and Switzerland with Sky in December, I believe, as well as France with CANAL+. Part of the reason is that we don't just make popular content, we also make content popular by leveraging our powerful platforms. So rate is an important part of the equation. 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. For instance, Paramount+ continues to expand internationally, leveraging our rich heritage as a truly global operating company. We see our partners responding enthusiastically. That matters. We now turn to Ben Swinburne from Morgan Stanley. She is a member of the Board of Trustees at Dana Farber Cancer Institute. Prior to Oracle, Mr. Phillips was a Managing Director at Morgan Stanley in the Technology Group and served on its Board of Directors. 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. Ms. Schuman spent seven years at Apple Computer, where she was Group Manager of Worldwide Product Marketing. And in terms of the question around the stability of TV Media earnings, as we said, we do expect the -- in the near term, there'll be some impact because of the macro advertising environment. He started with a thorough housecleaning operation. During the time of his leadership in this division he established the Colors network franchise in India, which became very popular. Robert Marc Bakish's Connecticut Voter Registration. So the combination of all those things will be key to delivering stable TV Media OIBDA. The billionaire developer has said little about global warming. These are listed in the table below. A Common Sense Party for California. Bye-bye. We said at that time that, that would involve D2C content expense of around $6 billion. Caruso was a Republican for much of his life. 5. So very good supply side equation. And that's even more the case if you combine linear and streaming, but that's really neither here or there. At the center, of course, is our hugely popular content, big, broad and beloved. Yes. What the voters of the city care about is crime and homelessness and corruption.. Later in the year, we'll do the same with Sky in Germany, Austria and Switzerland, and with CANAL+ in France. Deadline is a part of Penske Media Corporation. At the same time, he guided the company to launch Viacom Play Plex and other innovative mobile streaming offerings that introduced a new generation of young audiences to Viacoms popular brands and IP. 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. Did someone forward you this? And it's quite clear to me that we took share in this most recent upfront, There, we had digital volume up on the order of 30%. She is a native Angeleno. External Relations: Moira Delaney Hannah Nelson Caroline Presnell U.S. President | TV Media OIBDA declined 8% in the quarter to $1.4 billion, reflecting the flow-through of lower advertising and affiliate revenue. But even with that, some very compelling facts to focus on. First, we're really pleased with how the upfront played out and particularly the volume dynamic in it, which was up nicely. Shari Redstone is a media executive with wide-ranging experience in the entertainment industry and related ventures. And in terms of the ad load specifically, it's more a function of continuing to build out the ad products on Paramount+. The Common Sense Party, on the other hand, promises plenty of room for diversity of thought as long as its in the service of getting things done. Yes, Steven, let me take the Pluto piece and then Naveen will go from there. Q2 showed a company that it's taking market share in streaming, in broadcast, in box office and in upfront dollars. We seek to put people in office who will be driven by facts, will work across partisan divides, will be open to principled compromise, and will show a commitment to solving Californias complex problems, the party writes on its website. 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. 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. This consisted of focusing on Viacom's six flagship brands: BET, Comedy Central, MTV, Nickelodeon, Nick Jr. and Paramount; revitalizing content and talent; deepening distributor and advertiser partnerships to drive traditional revenue; increasing digital offerings, consumer products and live experiences; and optimizing and energizing the organization. The first is pharmaceuticals. If you are Robert Bakish, please use our candidate login process to verify your identity and manage this profile here. 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. So yes, there will be incremental options in the market. And as part of that, could you talk a little bit your international programming strategy? I'll try not to abuse it. Bob Bakish is President/CEO at Paramount Global. 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%. 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). That proved to be the right call. And as you pointed out, our content dollars are used differently than many of our peers. Me; Robert Bakish; Economic Freedom. The issue is a sensitive one for companies, ViacomCBS in particular. And there, we're really the global part of the global tier to their local offering. Records show that he re-registered as a Republican in March 2016. Robert Bakish is a very busy executive with his responsibilities leading the Viacom company, and all of the various boards and forums that he serves on. In closing, I hope you heard how we're deploying a very unique asset portfolio with a differentiated strategy to not only successfully compete in this challenging macroeconomic environment, but importantly, take share and continue to have real momentum, particularly in the streaming space. We are currently researching Robert Bakish. With that, operator, can you please open the line for questions? So a couple of points there. What fascinates me is that were even having this conversation because the electorate, the voters in the city dont care about this. And its those voters whom the leaders of the California Common Sense Party want to reach. And we're just getting started. Consider subscribing to the Los Angeles Times. And based on other third-party data, Paramount+ is also the most popular premium streaming service in the U.S. to add among switchers. 2023 Deadline Hollywood, LLC. He previously worked as a partner with Booz Allen & Hamilton in its Media and Entertainment practice. Ms. McHale is President and Chief Executive Officer of Cane Investments, LLC, a private investment company. 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. Hes held the position since December of 2016 after working several years with the company. The combination of subscriber growth and engagement drove Paramount+ revenue growth of 120%, including subscription revenue growth of 126% and advertising growth of 92%. Despite L.A.s global image as a place of glamour and glitz, city voters have tended to select mayors who have done time on the government payroll. 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. And therefore, we're really excited about it because we get the very material benefit of cricket, and cricket is at the top of the food chain in India. In order to be recognized by the state, a political party must fulfill certain requirements, which are detailed here.[1]. [Operator Instructions]. 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. And we continue to see very healthy levels of growth there, 56% D2C revenue growth in the quarter. Whether Los Angeles voters who veered left on issues of criminal justice reform and backed Sen. Bernie Sanders (I-Vt.) in recent years want to see the Democratic Party swing toward the center remains an open question. Robert Bakish - $10,400 in Political Contributions for 2016, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions And most importantly, deeper engagement resulted in sizable improvement in domestic churn. [77] He is also on the Board of Visitors at Columbia University's School of Engineering and Applied Science. India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, Facebook owner Meta increases Zuckerberg's security allowance by $4 million, Transcript : Paramount Global, Q4 2022 Earnings Call, Feb 16, 2023, Transcript : Paramount Global Presents at UBS 50th Annual Global TMT Conference, Dec-06-2022 10:50 AM, Transcript : Paramount Global, Q3 2022 Earnings Call, Nov 02, 2022, Communications Services Down on Streaming Competition Fears -- Communications Services Roundup, Transcript : Paramount Global Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-14-2022 10:45 AM, Transcript : Paramount Global, Q2 2022 Earnings Call, Aug 04, 2022, Transcript : Paramount Global Presents at Credit Suisse 24th Annual Communications Conference, Jun-14-2022 10:40 AM, President, Chief Executive Officer & Director, NCTA - The Internet & Television Association, Fu Foundation School of Engineering & Applied Science. Advertising was down 2% year-over-year or flat on a constant currency basis due to macroeconomic headwinds, and licensing revenue grew 27%. Read our privacy policy for more information. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. And as we look at, as streaming becomes bigger for us, as we gain scale, we see operating margins from streaming approaching that of TV Media. And at the same time, we're very committed to our long-term growth objectives around the D2C business, and we intend to continue to invest to support that growth opportunity. U.S. Congress | Revenue grew 1% in Q2 as strong growth in content licensing was mostly offset by declines in advertising and affiliate revenue. 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. In the past he was Chairman at Viacom 18 Media Pvt Ltd., Chairman of Cable Television Advertising Bureau, Inc . But really, competition is nothing new. 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. Bakish has an M.B.A. from Columbia Business School and a B.S. And at the core of it, it's our differentiated as we say, playbook. I don't know exactly what chart you're looking at. During his accomplished career in the financial services sector spanning more than 25 years, Mr. Terrell was responsible for Credit Suisses global banking relationships with some of its most high profile clients. Pluto TV added 2.1 million global MAUs in Q2, bringing our global reach to 69.6 million MAUs. So we're continuing to move forward. Box office hits the Lost City and Sonic the Hedgehog 2 came to Paramount+ in May, generating terrific engagement across all demographics. Our content consistently attracts and entertains mass audiences. By the time he was finished, the company was in much better condition and he had achieved several objectives for improving Viacom which earned him respect in the industry and accolades. He was responsible for the oversight of all of MTV Networks business operations outside of the United States. She has served as Chairman of the Board of Directors of The Doe Fund since 2017. And we're looking forward to what that does both for the box office business and also our other channels. and really a long track recordship of partnership and customer services with agencies and their clients. TV Media advertising declined 6% in the quarter as pricing growth only partially offset the impact of lower linear impressions and a 2% headwind from FX. Elections in 2023 | Continued improvements in engagement and our compelling advertiser proposition mean that Pluto is well positioned to both gain share and benefit from organic growth. But thats not what pollsters at the nonpartisan Public Policy Institute of California have found. 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. We wanted to learn more about him so we looked into his profile and list of accomplishments and we made some interesting discoveries. 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. 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