Caruso has typically dismissed criticism and most questions about his registration history. Try the political quiz. So what does that do? Paramount+ will also debut a criminal minds revival, building on what is already a fan favorite. A runoff election with the top two vote-getters will be held in November unless a candidate wins outright with more than 50% of the vote in the primary. 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. Paramount+ saw continued engagement improvement as our content offering expanded even further. 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. That means people who dropped the service in the last 12 months we're more likely to add Paramount+ than any other service. Paramount+ added 4.9 million global subs, while our other streaming services grew modestly. Ms. McHale is President and Chief Executive Officer of Cane Investments, LLC, a private investment company. Licensing revenue at Filmed Entertainment increased 27%, largely due to the monetization of recent theatrical releases. So we had a lot of elements of strength here. So we're very excited about the future. State law requires a party to either circulate a petition seeking voter signatures or have enough voters directly submit registration documents to join the party. 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 . And we're just getting started. We need to give this a bit of time to play out. Here are the five most liberal CEOs, according to the firm's rankings: 5. A native of New Jersey,[2] Bakish attended Dwight-Englewood School in Englewood, New Jersey, graduating in 1981. But in a competitive market, scale isn't enough. Only three other parties have ever had full status in California in the past quarter-century all three ultimately failed to retain enough registered voters. 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. [25][37][2] Under his leadership, the Paramount Channel was launched, offering movies and television shows in Europe, Latin America and Russia. Shortly after changing his registration in 2016, Caruso told Los Angeles Magazine that he had made the switch so that he could vote for John Kasich in the Republican presidential primary that year. We are currently researching Robert Bakishs political policies. Yes, Steven, let me take the Pluto piece and then Naveen will go from there. 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. Hes also had international business experience, 6. Were looking for character, said Tom Campbell, a former state senator and member of Congress who serves as the partys chairman. [70][71][72][73], In September 2018, due largely to his turnaround of Viacom, The Hollywood Reporter listed Bakish as #20 in its The Hollywood Reporter 100: The Most Powerful People in Entertainment 2018. Mr. Klieger represents motion picture studios, broadcast and cable television networks, production companies, video game publishers and high net worth individuals in the media and entertainment space, as well as clients in other industries including apparel, aviation and venture capital. But if you look at Q2, Paramount's combined U.S. linear delivery was bigger than Netflix. Share. In response to the question "Should the U.S. government grant immunity to Edward Snowden?", Robert Bakish's response was. And we do see this tracking to TV Media-like markets, which is at the core of your question. You Quiz Candidates Elections Issues Discuss. 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[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. And our 2023 fleet is anchored by fresh commercial takes on some of our most popular and new franchises: from TRANSFORMERS and Teenage Mutant Turtles to Dungeon & Dragons and PAW Patrol, to name just a few. Please note that in addition to our earnings release, we have trending schedules containing supplemental information available on our website. Robert Bakish is the CEO and President of Viacom. And then we have Germany and Austria and Switzerland with Sky in December, I believe, as well as France with CANAL+. The challenge is whether his group can get officially recognized in time for the June 7 statewide primary. John Myers led the Los Angeles Times coverage of state government as Sacramento bureau chief from 2015 to June 2022. Yes. In the interim, thanks again for your time, and be well, everyone. [3][4][5], He received a Bachelor of Science in operations research in 1985 from Columbia University's School of Engineering and Applied Science. With Pluto, we provide a global platform and global libraries, and our partners provide compelling local content and local ad sales capabilities. Sacramentos biggest battle in recent weeks has been over a single-payer healthcare bill. Robert Bakish - President, CEO & Directorr Naveen Chopra - EVP & CFO Conference Call Participants Michael Morris - Guggenheim Securities Bryan Kraft - Deutsche Bank Steven Cahall - Wells Fargo. In other states, a party must organize around a candidate for a specific office; that candidate must, in turn, win a percentage of the vote in order for the party to be granted ballot status. Second, there are 2 important new category tailwinds that we'll see probably late Q3 and certainly Q4. 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. 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. If you look at where we are in content, we're clearly advantaged. He eventually became a partner within Booz Allen Hamiltons entertainment and media practice. as evidenced by sequential and year-over-year growth in titles viewed per active domestic subs. We've got a broad offering. L.A. loves the glitz but suspects the rich. 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.. Until March 2016, Ms. Seligman served as the President of Sony Entertainment, Inc. (beginning in 2014) and of Sony Corporation of America (beginning in 2012), and as Senior Legal Counsel of Sony Group (beginning in 2014). Mr. Klieger is a Partner in the Los Angeles law firm Hueston Hennigan LLP. Bye-bye. Prior to joining Cane Investments in 2011, Ms. McHale served as the Under Secretary of State for Public Diplomacy and Public Affairs for the U.S. Department of State from 2009 to 2011. During the time of his leadership in this division he established the Colors network franchise in India, which became very popular. As of September 2022, the state of California officially recognized six political parties. How to run for office | The candidates GOP past has been the subject of frequent fire from his rivals and their supporters. Elections in 2023 | With respect to composition of subscribers at Paramount+, it's still balanced between the premium tier and the ad-supported essentials tier that can bounce around a little bit from quarter-to-quarter based on promotions and bundles and things that we may be doing with partners. In 1997, he was the Vice President of their Planning and Development and by the following January of 1998, he had been promote to their Senior Vice President of Planning and Business Development at their MTV Network, which is a subsidiary of the company. Viewers keep turning to our networks for their favorite content, and advertising partners are eager to get a share of it all. And maybe just the way to think about this is, on a revenue basis, your linear TV business this quarter had $2 billion of advertising plus and Paramount+ was sort of in the $90 million range and Pluto at $265 million or so. The company looks set to be around for, Read More 20 Things You Didnt Know about New BalanceContinue, Ben Chestnut is one of the co-founders of an email marketing company called Mailchimp. But Caruso offered more candor about his evolving political thinking during a meeting with an influential homeowners group in March. She began her career at Mobil Oil Corporation. 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. 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. We'll end this spectacular year with Damien Chazelle's Babylon, starring Brad Pitt and Margot Robbie, which begins its theatrical rollout in December. [41][37][42][43] Optimistic that Bakish could make good on his plans to turn Viacom's core U.S. cable networks and its Paramount Pictures film studio around, the board of directors of Viacom Inc. made Bakish's appointment as President and CEO permanent on December 12, 2016. 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 -- so the current inflation driving things like higher fuel prices and all is not really that much of a factor for us incremental. And what will the margin profile of that business looks like? But he did share insight into his worldview with the relatively small audience, saying he became an independent because he didnt like ideology. Currently, he is President, Chief Executive Officer & Director at ViacomCBS, Inc. Mr. Bakish is also on the board of 5 other companies. The success of our streaming platforms speaks to the power of our content strategy. He is a male registered to vote in Connecticut. That's another launch with Sky on a hard bundled basis. Their poll released Wednesday found 56% of those surveyed say Newsom is doing a good job. That's partially because we are gaining share. He made big changes in the beginning including merging some of the companies and cutting the workforce by 8 percent. 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. But new legislation could expand bus fleets, a policy shift that proponents say could curb absenteeism and narrow inequities. Is this happening to you frequently? First, we're really pleased with how the upfront played out and particularly the volume dynamic in it, which was up nicely. His opinion is highly valued in the entertainment business industry and beyond. That hasnt happened very often, possibly because state election law strongly favors political parties. Robert Bakish - $10,400 in Political Contributions for 2016, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions If you are Robert Bakish, . For decades, California law has forbidden the states medical board from considering victim statements in decision-making. And we got tremendous engagement, i.e., time spent off the library. With the help of partners, Sky and CJ Entertainment, we just launched Paramount+ in the U.K., Ireland and South Korea. [8], In February 1997, Bakish joined Viacom. Those windows are now expanding in terms of -- it's not just about box office and home entertainment and then going to third parties, we can generate a lot of value out of those assets on our streaming services. We have always executed with financial discipline, and we continue to be laser-focused on it. So yes, local content is one thing. And longer term, we remain focused on our goal of reaching over 100 million global D2C subscribers and generating at least $9 billion in D2C revenue by 2024. Caruso could be right about that. Learn how your comment data is processed. Independent voters have also warmed up to the governor, with the number of undecideds dropping sharply since 2019 and breaking in Newsoms favor. Hes held the position since December of 2016 after working several years with the company. And by the way, the response to the launch more broadly has been very strong, including what we showed in London related to the launch event. Sure, Bryan. And any thoughts on growth or swing factors and investment drivers top line that would be incremental there. Copyright 2022 Paramount All Rights Reserved. Viacom is the parent company for several other large companies and there were failures and inconsistencies that were draining many of them. iSideWith shows which candidates you side with based on the political issues selected most important to you. 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. [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). [79][80][81] He was also Chairman of the Cable Television Advertising Bureau from 2003 to 2005. Global platform and global libraries, and be well, everyone global,. X27 ; s rankings: 5 legislation could expand bus fleets, policy! Bureau Chief from 2015 to June 2022 June 7 statewide primary monetization of theatrical. 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