We also saw sequential growth in hours per act. At the center, of course, is our hugely popular content, big, broad and beloved. At competitive pricing, that makes Paramount a must-buy for marketers who need to efficiently aggregate awareness around their products. Sure, Bryan. We continue to maintain significant financial flexibility, which will increase with the addition of proceeds from the sale of Simon & Schuster &. So you put all that together, and we do see a superior financial envelope at comparable level of scale to someone else. Ms. Schuman has worked alongside Fortune 100 CEOs and their teams to help build their strategies, cultures and human behaviors throughout their organizations. Robert M. Bakish is President and Chief Executive Officer of Paramount Global. His campaign also declined to answer questions about what elements of the Republican Party Caruso identified with in 2016 beyond his support of Kasich, or why Caruso chose to change his registration away from Republican in late 2019, nearly three years into Trumps presidency. We'll end this spectacular year with Damien Chazelle's Babylon, starring Brad Pitt and Margot Robbie, which begins its theatrical rollout in December. And Jessica, with respect to the question on content spend in future years, I'd point you back to what we shared during our Investor Day back in February. In closing, we are enthusiastic about the long-term opportunity for Paramount, unlocked by powerful content and a massive and growing market for streaming. 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. Starting with direct-to-consumer. 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. 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. Turning to the balance sheet. So in closing, we're continuing to create value across our business, from theatrical, to streaming, to advertising. Federal courts | 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. Thats because if it fails, their candidacy would be changed to that of a no party preference contender. And we do see this tracking to TV Media-like markets, which is at the core of your question. 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. Well, look, we see both headwinds and tailwinds in advertising. Ballotpedia features 395,441 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. [25][36] He oversaw the expansion of networks such as Nickelodeon, Comedy Central and Spike to an increasing number of foreign markets,[25][36] and helped orchestrate the acquisition of Channel 5 in the UK and Telefe in Argentina. And therefore, we see sub growth not only coming from really engagement from the hard bundles where more and more people use it, but we also see those other 2 pillars of the distribution strategy beginning to kick in, and in fact, they already have. 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. And did you see the whole benefit of the initial launch in Q2? Click here to contact us for media inquiries, and please donate here to support our continued expansion. I mean we deployed it in the U.K. I was wondering if you could give us color on IPL? Caruso has typically dismissed criticism and most questions about his registration history. I think you covered the -- I think you got it. Remember, Rich, we've only been in the streaming business for a short time. Mr. Phillips is Chairman of Infor, Inc., a multi-billion dollar enterprise software company, and served as its Chief Executive Officer from 2010 to 2019. The L.A. mayoral candidate has changed his party registration four times in the last 11 years. 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. 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 . In September, another season of the NFL and SEC college football also returns to CBS and Paramount+ in the U.S. We've done -- we have a very successful track record of putting in place new affiliate deals that either have built-in rate escalators or fixed fee components on the station side of the business. I understand that submitting my email address allows iSideWith.com to send me important notifications via email. Rick Caruso fields media questions on Thursday. Yes. That proved to be the right call. in Operations Research from Columbias School of Engineering and Applied Science. Third point I'd make is this is a big year for Western Europe for us. [8], In October 1999, he became the Executive Vice President of Planning and Business Development of Viacom's subsidiary MTV Networks. He went on to attend Columbia University where he studied in their School of Engineering and Applied Science. 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. 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. In order to be recognized by the state, a political party must fulfill certain requirements, which are detailed here.[1]. In terms of your question on the Filmed Entertainment business, obviously, we have not provided any specific long-term guidance there. But also with targeting, we see IQ and Pluto playing there and therefore benefiting as well. 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. Paramount continues to shine at the box office with numbers that outperformed even our own expectations, and we're excited about the future. Should someone be thinking otherwise, the most recent campaign finance report shows the governor has almost $25 million in the bank. Could you maybe just think about what the drivers for stable guidance might be for next year, especially since you're comping political? 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. In fact, we've seen healthy double-digit growth in ad ARPU on the Essentials tier of Paramount+, despite some of the macro headwinds. 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. On the positive side, TV clearly remains resilient on a relative basis, and that's a function of a very tight supply. Paramount+ will also debut a criminal minds revival, building on what is already a fan favorite. He was considering a run for mayor at the time. But really, competition is nothing new. His opinion is highly valued in the entertainment business industry and beyond. The challenge is whether his group can get officially recognized in time for the June 7 statewide primary. 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. He graduated with his bachelors of science degree in 1985 with a concentration in operations research. 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. We know how to transact in scatter. Research: Josh Altic Vojsava Ramaj Good morning. So we're continuing to look at pricing. Nominating and Governance Committee Member. And through partnerships with Viaplay Group and Corus, we are now expanding Pluto TV's international footprint in the Nordics and Canada, respectively. So rate is an important part of the equation. Campaign finance requirements in California, Campaign finance requirements for California ballot measures, Ballot access requirements for political candidates in California, Ballot access requirements for political parties in California, Ballot access requirements for presidential candidates in California, Oil and gas extraction on federal land in California, Effect of the Affordable Care Act in California, Ballot access for major and minor party candidates, Ballot access for presidential candidates, List of political parties in the United States, Methods for signing candidate nominating petitions, Ballotpedia's Election Administration Legislation Tracker, Election legislation tracking: weekly digest, Election legislation tracking: list of sub-topics, Ken Carbullido, Vice President of Election Product and Technology Strategy, https://ballotpedia.org/wiki/index.php?title=Political_parties_in_California&oldid=8432598, Ballot-qualified political parties by state, Conflicts in school board elections, 2021-2022, Special Congressional elections (2023-2024), 2022 Congressional Competitiveness Report, State Executive Competitiveness Report, 2022, State Legislative Competitiveness Report, 2022, Partisanship in 2022 United States local elections, As of September 2022, California officially recognized six political parties: the, 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. We wanted to learn more about him so we looked into his profile and list of accomplishments and we made some interesting discoveries. So what we're really navigating from an OIBDA perspective is the weakness in the macro advertising marketplace. . and we grew digital volume in the range of 30%. So the combination of all those things will be key to delivering stable TV Media OIBDA. Caruso first switched his registration from Republican to no party preference in late November 2011. We continue to monetize them from a catalog perspective. Robert Bakish earned praise for his work, 7. Mr. Klieger is a Partner in the Los Angeles law firm Hueston Hennigan LLP. This, combined with our fiscally disciplined approach, including with respect to cost management, provides a real advantage in these challenging times and beyond. This site uses Akismet to reduce spam. Enjoying this newsletter? Their poll released Wednesday found 56% of those surveyed say Newsom is doing a good job. Caruso served as Kasichs California co-chair and was outspoken about his dislike for then-candidate Donald Trump. Some of today's financial remarks will focus on adjusted results. The yellow school bus has become an increasingly rare sight in California. Bob, could you talk a little bit about how the launch went in the U.K. and South Korea in the quarter, sort of the strategy to drive that business? Nothing is certain except death, taxes and Rick Caruso is a Republican. [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. Thank you, Bob, and good morning, everyone. But in a competitive market, scale isn't enough. He previously worked as a partner with Booz Allen & Hamilton in its Media and Entertainment practice. And there, we're really the global part of the global tier to their local offering. Ms. McHale is President and Chief Executive Officer of Cane Investments, LLC, a private investment company. [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. 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. Robert Marc Bakish is a businessperson who has been at the helm of 8 different companies. 2023 iSideWith.com. She is a member of the Board of Trustees at Dana Farber Cancer Institute. 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. Related to the streaming ad size, Paramount+ grew advertising over 90% in the quarter. Despite short-term headwinds related to the macro environment, the value of our diversified business, and particularly our ability to monetize content across platforms and audiences, is becoming more clear than ever. Such labels are called. [3][4][5], He received a Bachelor of Science in operations research in 1985 from Columbia University's School of Engineering and Applied Science. And so it will be a real engine for streaming, and then Paramount+ will benefit by being part of that, even though we're not directly investing on an O&O basis, we're obviously part of the joint venture. 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. I don't know exactly what chart you're looking at. We've launched advertising very recently within that service. Ms. Seligman joined Williams & Connolly in 1985. So that's one important economic advantage. Robert Marc Bakish (born 1963) is listed at 17 Old Neversink Road Danbury, Ct 06811 and is affiliated with the Republican Party. Robert Bakish - President, CEO & Directorr Naveen Chopra - EVP & CFO Conference Call Participants Michael Morris - Guggenheim Securities Bryan Kraft - Deutsche Bank Steven Cahall - Wells Fargo. Ms. Seligman has extensive media industry experience with various leadership roles at a major media conglomerate, public company and corporate governance experience, and exceptional achievements in the legal profession. On scale, our multi-platform strategy is a clear advantage. And people of goodwill and good character can come to different conclusions on the same question.. We are currently researching Robert Bakishs political policies. In response to the question "Should the U.S. government grant immunity to Edward Snowden?", Robert Bakish's response was. Sign up for the California Politics newsletter to get exclusive analysis from our reporters. Revenue grew 10% year-on-year. 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. We have a very strong proposition in the marketplace. Here are the five most liberal CEOs, according to the firm's rankings: 5. Try it now! I'd note that the supply side of Pluto continues to track very strongly. She has represented numerous public and private entities and has served as counsel to their boards and independent trustees. And then more broadly, one of the questions we get from investors as they think through the impact of inflation is pricing power. 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. He worked hard to improve the focus of the company as well as its morale. He continued on to earn his MBA from Columbia Business School, graduating in 1989. Ms. Byrne has held a number of board positions, including as a member of the New York City Board of the British-American Business Council, an Executive Committee Member of the Mount Holyoke College Board of Trustees, Chairman of the Finance Committee at Mount Holyoke College, a member of the Audit Committee of Mount Holyoke College, and a member of Stuart Country Day School. Before joining The Times in 2019, Wick was the editor in chief of LAist and a senior editor at Longreads. Also worth noting that we're taking advantage of the current situation to increase our level of promotion for in-house assets, particularly with respect to Paramount+. 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. Prior to joining Sony Corporation of America, Ms. Seligman was a partner in the litigation practice at Williams & Connolly LLP in Washington, D.C., where she worked on a broad range of complex civil and criminal matters and counseled a wide range of clients, including President William Jefferson Clinton and Lt. Col. Oliver North. 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? Second quarter results demonstrate the value of our diversified media business and expansive monetization platforms. There, we're working with TVING, which is a local streamer. 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. 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. As exemplified by our deals with Viacom18 and Reliance, with whom we're partnering to bring Paramount+ to India and with our Sky Showtime partnership with Comcast, which will launch later this year. [33] During his tenure, Bakish expanded Viacom's international footprint,[26][36] and VIMN was Viacom's most successful division; revenue doubled, and VIMN grew to more than 200 television channels. Im a Democrat, and Im proud to be a Democrat, Caruso said when asked Tuesday about his prior changes in voter registration. 100% remote. 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. Counsel to their local offering some of today 's financial remarks will focus on adjusted results look, 're... 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