Although there are hundreds of political parties in the United States, only certain parties qualify to have the names of their candidates for office printed on election ballots. Nominating and Governance Committee Member. Recall that our international distribution strategy is focused on achieving ubiquity. Details may include related records, political party, location, and more. This week, the effort came up short. Mr. Terrell served as Executive Vice Chairman of Investment Banking and Capital Markets at Credit Suisse and later Senior Advisor from January 2018 to November 2018. So local is very much part of our strategy in the mix. We really have you see a dual benefit there. Paramount+ revenue growth was 120%, and we continue to be very bullish about growth going forward. In 1999, she was named as the first woman to chair a major New York law firm, a position she held for 17 years. if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; What's on my ballot? Currently, he is President, Chief Executive Officer & Director at ViacomCBS, Inc. Mr. Bakish is also on the board of 5 other companies. And we're still operating with that in mind. In the interim, thanks again for your time, and be well, everyone. Research: Josh Altic Vojsava Ramaj Campbell's career in Republican politics ended in 2010 with a failed U.S. Senate primary campaign as his centrist Republican views were drowned out by . From 2000 to 2008 he was the Managing Partner of Provender Capital Group, LLC a private equity firm focusing on investments in emerging companies. Ms. Beinecke serves as Chairperson of the board of First Eagle Funds, a leading U.S. mutual fund family and is the Lead Trustee of Vornado Realty Trust. However, it should be mentioned that Paccar has other products and services, Read More 10 Things You Didnt Know about Paccar CEO Ronald E. ArmstrongContinue, Walmart was founded by Sam Walton in 1969. Theatrical revenue increased $630 million, driven by the success of Top Gun: Maverick and Sonic the Hedgehog 2. I understand that submitting my email address allows iSideWith.com to send me important notifications via email. 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? Then I'll turn it over to Naveen to take you through financial and operating details, and we'll wrap up with a Q&A as usual. And either way, it's a very healthy number. Robert Bakish - $10,400 in Political Contributions for 2016, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions And of course, we will continue to have a lot of innovation and discipline on the cost side of the equation, and that's true across programming, it's true across marketing, and it's true across our broader operations. Sure, Bryan. RB >RB Party's support base May 1st . [44][36][45], In early 2017, Bakish laid out a five-point plan to turn Viacom around and return the company to steady profitability. Just could you give us a sense of your appetite to build that out as a part of the offering as you grow the business outside the U.S.? He was responsible for the oversight of all of MTV Networks business operations outside of the United States. iSideWith.com may earn a portion of sales from products that are purchased through our site as part of our affiliate partnerships with retailers. 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. L.A. loves the glitz but suspects the rich. When Bakish first went to work for Viacom it wasnt as the head of the company but it was in a leadership position. [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. Yes. 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. Millions of new customers are signing up for our streaming services. And if you look at our total D2C ad business in the quarter, including Pluto TV, that grew 25%. 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. Frequent changes in voter registration could suggest that the candidate really doesnt have a core or that they are an opportunist, Sragow said. [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. Hyundai was poised to become Teslas top contender. The Board takes any allegation of this type seriously. Policy: Christopher Nelson Caitlin Styrsky Molly Byrne Katharine Frey Jimmy McAllister Samuel Postell This, combined with our fiscally disciplined approach, including with respect to cost management, provides a real advantage in these challenging times and beyond. It sounds like you're no longer targeting 60%-plus growth in D2C revenue this year. You may now disconnect your lines. Our first question today comes from Michael Morris from Guggenheim Partners. We leverage those assets across many platforms, and it's one of the reasons that we can grow faster, while spending less than others. You may occasionally receive promotional content from the Los Angeles Times. 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. Thank you taking the time to join us for our second quarter 2022 earnings call. We need to give this a bit of time to play out. Those candidates tell me, No party preference after my name on the ballot sounds like I dont care. So that's the IPL answer. And just sort of two related questions. Technology in January 1998. [60][61][62][63][64] In April 2018, Viacom launched Viacom Digital Studios, which will create new original content hosted on sites such as Facebook, Twitter and Snapchat. Which brings us to whether the Common Sense Party can compete this year. Third, we're in the free streaming space and the pay streaming space. We've long known what makes us the ideal advertising partner, our ability to deliver both scale and efficiency, all wrapped around premium content. Its widely known that Caruso, who was a Republican for much of his life, switched his party registration to decline to state in 2011 while mulling over a run in the citys 2013 mayoral election. 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. It definitely extends past that. 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. And maybe, along with that, if you could talk about what you're seeing as far as specific advertiser category strength or weakness? Robert Bakish is the CEO and President of Viacom. I don't know exactly what chart you're looking at. But I care deeply, Campbell said. [30][31][32][33][34] This promotion included responsibility for all Viacom media networks and operations internationally, including MTV, Nickelodeon, Comedy Central, BET, VH1, VIVA, TMF, Game One and MTV Tres;[35][4] plus oversight of all of Viacoms international TV-related joint ventures, including Viacom18 in India and ViacomSBS in Korea, as well as channel ventures with BSkyB in the UK and Foxtel in Australia. Joining me for today's discussion are Bob Bakish, our President and CEO; and Naveen Chopra, our CFO. And how is the composition of ad-supported versus premium Paramount+ subs and gross add trends sort of changed since the release in June? [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. While we could have released Top Gun: Maverick and The Lost City earlier, we held off because we knew these phenomenal stories would bring audiences back to theaters. Robert Bakish is the CEO and President of Viacom. Ms. McHale has extensive experience leading a major media conglomerate with a background in operations and financial management, expertise in global affairs, experience in government affairs and extensive public company and corporate governance experience. What the voters of the city care about is crime and homelessness and corruption.. Here, we leveraged our portfolio of brands, including CBS and MTV, to execute a major cross-company consumer campaign that resonated with audiences everywhere, a strategy that has been proven to be highly effective when deployed against our major assets. And just briefly on Filmed Entertainment, Top Gun's success has been pretty remarkable, and it seems like you have a very solid slate for the balance of this year and then, of course, more to come in '23 and '24. He has been President and CEO of Paramount Global since December 4, 2019, formerly holding the same position at Viacom before the merger with CBS Corporation. We want to hear from you! A native of New Jersey,[2] Bakish attended Dwight-Englewood School in Englewood, New Jersey, graduating in 1981. She began her career at Mobil Oil Corporation. That gives us incremental product visibility to the consumer, and it also benefited us in terms of third-party expense reduction. Gray Davis and championed the creation of charter schools while serving as a state legislator, died last week at age 78. [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. There are short-term challenges we got to just work through. It's producing very real results in the momentum that you've seen. Filters. Even in these deeply polarized times, millions of California voters refuse to pick sides between the nations two most powerful political parties. She is a member of the Board of Trustees at Dana Farber Cancer Institute. With an iconic Hollywood film studio that owns more than a century of IP, with the #1 broadcast network in the U.S., with some of the most popular cable brands and content in the world, with the fastest-growing premium streaming service in Paramount+, and with the leading free ad-supported streaming TV service in Pluto TV, it's a powerful combination, which we will continue to lean into for the rest of the year and well into the future. Bakish oversees one of the worlds leading producers of media and entertainment content, driven by a global portfolio of powerful consumer brands and flagship streaming platforms, including CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, and Pluto TV, among others. He is a member of the Council on Foreign Relations and The Economic Club of New York. His track record speaks for itself: from serving as Trumps economic advisor, to backing antiabortion and pro-NRA politicians like Mitch McConnell, fellow mayoral candidate and L.A. City Councilmember Kevin de Len said. Mr. Phillips earned a BS in Computer Science from the U.S. Air Force Academy, an MBA from Hampton University and a JD from New York Law School, and he is a member of the Georgia State Bar Association. But he did share insight into his worldview with the relatively small audience, saying he became an independent because he didnt like ideology. from movies and sports, to shows the news, to events and more, the diversity and quality of our content is unrivaled, especially on Paramount+. And then obviously, on the advertising side, we're very happy with what we've seen in the upfront, both in terms of price increases and what we've been able to do from a volume perspective. 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. Ms. Seligman served as law clerk to Justice Thurgood Marshall on the Supreme Court of the United States from 1984 to 1985 and as law clerk to Judge Harry T. Edwards at the U.S. Court of Appeals for the District of Columbia Circuit from 1983 to 1984. She previously served on the board of ALSTOM, a public French transport company. 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%. He went on to attend Columbia University where he studied in their School of Engineering and Applied Science. Robert Marc Bakish's Connecticut Voter Registration. Bakish has an M.B.A. from Columbia Business School and a B.S. Caruso first switched his registration from Republican to no party preference in late November 2011. 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. [9] From 2001 through 2004, he was Executive Vice President and Chief Operating Officer of advertising sales at MTV Networks. The first is, to what extent are you seeing any inflationary cost pressures in the business? It's a powerful and efficient local model. 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. Robert Marc Bakish is a businessperson who has been at the helm of 8 different companies. [46][47][2][48][49][50] The strategy also included having Paramount Pictures develop films and franchises connected to Viacom television content; additionally, Spike TV would be rebranded as and converted to a broad-based general entertainment channel, the Paramount Network, in early 2018. In September, another season of the NFL and SEC college football also returns to CBS and Paramount+ in the U.S. And does that grow over time in terms of ad load? As the fourth largest pizza delivery restaurant chain in the United States, its been keeping us supplied with cheesy goodness for over 36 years. One, I mean, as you saw in Q2, we continue to see tremendous momentum in the direct-to-consumer business, whether you look at the growth on Paramount+ subs, what we're seeing in terms of churn, nice MAU growth and engagement growth at Pluto and most importantly, D2C revenue growth at very, very strong levels, 50% on a combined basis, well over 100% revenue growth at Paramount+. 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