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. Our next question comes from Brett Feldman from Goldman Sachs. To learn more about ballot access requirements for political parties in California, see this article. 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. 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. The billionaire developer has said little about global warming. Big picture, while we're clearly 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 and his wife Dee have two daughters together and they make their home in New York. Premium content with cross-platform scale and efficiency, it's this robust combination that differentiates Paramount in the ad marketplace and makes us a must-have partner for advertisers. Millions of new customers are signing up for our streaming services. But really, competition is nothing new. We've long known what makes us the ideal advertising partner, our ability to deliver both scale and efficiency, all wrapped around premium content. 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. Bakish grew up in New ersy. Read our privacy policy for more information. With that, operator, can you please open the line for questions? Importantly, the vast majority of the year-over-year decline occurred in international markets where we proactively restructured key affiliate deals, resulting in a shift of revenue from our Pay TV to D2C services. Federal courts | 100% remote. But I think it continues to be evidence that they are both very compelling products, and they both serve unique and large markets. In order to be recognized by the state, a political party must fulfill certain requirements, which are detailed here.[1]. 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. 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. 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. Read our privacy policy for more information. 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. Share. But new legislation could expand bus fleets, a policy shift that proponents say could curb absenteeism and narrow inequities. Do Not Sell or Share My Personal Information, changed his party affiliation to Democratic, Man arrested in connection to 7 bombings in Fresno has links to hate group, authorities say, Vote on LAPD transit patrols sparks City Hall debate over safety on Metro system, UCLA, UCSF hospital nurses voice complaints about overcrowding, staffing shortages, Before and after photos from space show storms effect on California reservoirs, Dramatic before and after photos from space show epic snow blanketing SoCal mountains, Yet more rain expected to hit California in March. When asked about Carusos registration history, Carusos opponents and their supporters were quick to try to paint such a picture, tying the changes in registration to Carusos prior support of Republican politicians. Robert Bakish earned praise for his work, 7. I mean we deployed it in the U.K. And we think that is a tremendous positive for the company and will be even more so as the macro situation improves. 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. We really have you see a dual benefit there. 2023 iSideWith.com. Following is the unofficial transcript of a CNBC interview with Paramount President and CEO Bob Bakish on CNBC's "Squawk Box" (M-F 6AM - 9AM ET) today, Wednesday, February 16 th.Following is a . Naveen? I understand that submitting my email address allows iSideWith.com to send me important notifications via email. Their goal is to appeal to voters who place value in collaboration, compromise and pragmatism. And so of course, when you think about it through that lens, you have to focus on the fact that we added 5 million Paramount+ subs in the quarter. How to run for office | if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; What's on my ballot? 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. Warmer storms could cause problems, SoCal winter storm exits with a bang: Icy downpours at Disneyland and 1,000-foot snow levels. And we do see this tracking to TV Media-like markets, which is at the core of your question. He also sits on the Board of Visitors at the School of Engineering and Applied Science at Columbia University. And importantly, our competitive position in the ad market is very strong. Enjoying this newsletter? . In fact, we saw an acceleration of that from Q1 to Q2. And we're still operating with that in mind. As of June 30, we had a base of 63.7 million global D2C subscribers, including 43.3 million Paramount+ subscribers. He is a male registered to vote in Connecticut. [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. At this time, I would now like to turn the call over to Anthony DiClemente, Paramount Global's EVP, Investor Relations. As evidence, it is worth noting that we recently had our strongest multi-platform unified upfront yet. 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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 . During the time of his leadership in this division he established the Colors network franchise in India, which became very popular. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission ofiSideWith.com. 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. These risks and uncertainties are discussed in more detail in our filings with the SEC. Affiliate and subscription revenue grew 12% in the quarter. Ballotpedia features 395,441 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. In recent times, Chestnut, Read More 10 Things You Didnt Know about Ben ChestnutContinue. Now because our assets continue to perform impressively across TV and streaming, advertisers are taking note even amid broader market uncertainty. And I note that we are seeing some areas of category strength, including in Q2 and today, travel, technology. Even in these deeply polarized times, millions of California voters refuse to pick sides between the nations two most powerful political parties. The CBS board at the time accused him of willful and material malfeasance.. The most important thing to remember is that when we think about our content investment, we're always looking at it in the context of the growth and the return that it unlocks. Bakish was made the President of MTV Networks international at the beginning of 2007. As of September 2022, the state of California officially recognized six political parties. And we got tremendous engagement, i.e., time spent off the library. Yes. Thank you, Bob, and good morning, everyone. And if you look at our total D2C ad business in the quarter, including Pluto TV, that grew 25%. [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. For the full year, our outlook for stable year-on-year OIBDA at Filmed Entertainment remains unchanged. One on content spend and one on film entertainment, if I could. 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. This week, the effort came up short. We've also said that we are going to -- Paramount+ is going to launch with it, essentially as another form of hard bundle, a tier. But also with targeting, we see IQ and Pluto playing there and therefore benefiting as well. Well, look, we see both headwinds and tailwinds in advertising. 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. 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 . Mr. Klieger is a Partner in the Los Angeles law firm Hueston Hennigan LLP. Additionally, the power and strength of our franchises, Existing and new, was on full display this quarter, thanks to strong performances from Star Trek: Strange New Worlds, 1883 of the Yellowstone Universe and our latest South Park special, South Park: the Streaming Wars as well as Halo, which has become a top driver globally for subscriber acquisition and engagement. Caruso leaves Grand Central Market on Thursday. In still other states, an aspiring political party must register a certain number of voters. State executives | So very good supply side equation. In the early stages of the pandemic, we were very selective with our releases, holding certain films until market conditions improve. That's partially because we are gaining share. We wanted to learn more about him so we looked into his profile and list of accomplishments and we made some interesting discoveries. Both of those have hard bundle elements to them. Bakish is responsible for turning the Viacom company around and improving its financial situation. My beliefs; My parties; My ballot; My support map; My settings; Logout; United States Speaking English. At this time, I would like to welcome everyone to Paramount Global's Q2 2022 Earnings Conference Call. We now turn to Steven Cahall from Wells Fargo. Viewers hungry for incredible storytellers are also turning up in ever greater numbers to our flagship streaming service, Paramount+. Filmed Entertainment OIBDA was $181 million, benefiting from the strong performance of our current year theatrical flights. So we're continuing to move forward. Third point I'd make is this is a big year for Western Europe for us. We need to give this a bit of time to play out. And we're just getting started. The combination of subscriber growth and engagement drove Paramount+ revenue growth of 120%, including subscription revenue growth of 126% and advertising growth of 92%. It's really a marketplace dynamic that unfortunately, we're not immune to. He also sits on the Avid Technology Board of Directors. [76] He is also on the Board of Directors at Avid Technology, Inc.[22], He is on the Board of Overseers at Columbia Business School,[6] and is also an active member of its Media & Technology Forum. [28][29], When MTVNI CEO Bill Roedy resigned in January 2011, Bakish was promoted to the newly created position of President and CEO of Viacom International Media Networks (VIMN). Nominating and Governance Committee Member. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission ofiSideWith.com. Would now like to turn the call over to Anthony DiClemente, Paramount global 's Q2 Earnings! Unified upfront yet Paramount global 's Q2 2022 Earnings Conference call that from Q1 to Q2 still operating that... 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To Paramount global 's Q2 2022 Earnings Conference call Filmed Entertainment OIBDA was $ 181 million benefiting! Voters refuse to pick sides between the nations two most powerful political parties, operator can! Male registered to vote in Connecticut, millions of new customers are signing up our... See IQ and Pluto playing there and therefore benefiting as well of the pandemic, we 're immune... To voters who place value in collaboration, compromise and pragmatism deeply polarized times,,... Turn to Steven Cahall from Wells Fargo I note that we are seeing some areas category!