Caruso kept his Republican Party affiliation until mid-November 2019, when he changed his registration back to no party preference, according to county records. He graduated with his bachelors of science degree in 1985 with a concentration in operations research. Here are 10 you cant miss, Rain check! It sounds like you're no longer targeting 60%-plus growth in D2C revenue this year. From 2000 to 2008 he was the Managing Partner of Provender Capital Group, LLC a private equity firm focusing on investments in emerging companies. Legislated Equality. He was appointed to the board in 2016. Prior to the recombination of Viacom and CBS, Bakish was the President and Chief Executive Officer of Viacom since December 2016. We have a very strong proposition in the marketplace. So thanks for that color on the second half growth. That came back big in the upfront. [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. Ballotpedia features 395,441 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. 2023 iSideWith.com. 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. My beliefs; My parties; My ballot; . It is now a multinational retail corporation that runs chains of hypermarkets, discount department stores, and grocery stores. He worked hard to improve the focus of the company as well as its morale. And then more broadly, one of the questions we get from investors as they think through the impact of inflation is pricing power. Hes also had international business experience, 6. Initially as Vice President of Planning and Development,[8] he became Senior Vice President of Planning, Development and 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. Both of those have hard bundle elements to them. He eventually became a partner within Booz Allen Hamiltons entertainment and media practice. He was given the title of Executive Vice President and Chief Operating Officer of MTVs advertising sales from 2001 through 2004. We need to give this a bit of time to play out. As evidence, it is worth noting that we recently had our strongest multi-platform unified upfront yet. It's Naveen, I'll take both of those. Caruso served as Kasichs California co-chair and was outspoken about his dislike for then-candidate Donald Trump. Interns wanted: Get paid to help ensure that every voter has unbiased election information. His opinion is highly valued in the entertainment business industry and beyond. 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. 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. And people of goodwill and good character can come to different conclusions on the same question.. And again, they're very happy with what we brought to market and how it's performing. Campbell says while several local elected officials are ready to run as Common Sense candidates, they wont take the plunge until they know the party has qualified. 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. And most importantly, deeper engagement resulted in sizable improvement in domestic churn. Our quarter end totals reflect the removal of 3.9 million D2C subs in Russia, of which 1.2 million were from Paramount+, consistent with our plan to remove these subscribers from our reporting. Republican 2022 US Senate New York. 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. Second, there are 2 important new category tailwinds that we'll see probably late Q3 and certainly Q4. [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. 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. P Plus customers are watching a greater number of unique titles today than ever before. He worked there out of college and climbed the management ladder, achieving great success. So I am Doug Mitchelson, Credit. Should the Common Sense Party be successful and recruit candidates who win, it could make a little history. Will it turn to a billionaire mayor? Learn how your comment data is processed. And another indicator of that strength is really the 30% digital volume growth -- ad volume growth that we saw in the upfront. In still other states, an aspiring political party must register a certain number of voters. We've long known what makes us the ideal advertising partner, our ability to deliver both scale and efficiency, all wrapped around premium content. Apply today! The momentum of Paramount+ is not just the product of its strong and diverse portfolio of content, it's also the product and the smart distribution strategy, which is bringing our flagship streaming services to more audiences than ever before. 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. I was wondering if you can give us your latest thoughts on when or whether you believe you'll be in a position to potentially start raising price on your streaming services, most notably Paramount+? Ms. Seligman joined Williams & Connolly in 1985. So that's the IPL answer. Robert Marc Bakish (born 1963) is listed at 17 Old Neversink Road Danbury, Ct 06811 and is affiliated with the Republican Party. He led the strategic planning as well as the companys business development. But I think it'll probably be relatively close. It helps our marketing economics, and it shouldn't be discounted. 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. We have always executed with financial discipline, and we continue to be laser-focused on it. All rights reserved. A native of New Jersey,[2] Bakish attended Dwight-Englewood School in Englewood, New Jersey, graduating in 1981. Enjoying this newsletter? She is a native Angeleno. [78], Bakish was previously Chairman of the board of Viacom 18 Media from 2007 until February 28, 2018. Advertising was down 2% year-over-year or flat on a constant currency basis due to macroeconomic headwinds, and licensing revenue grew 27%. Gavin Newsoms popularity has suffered as his administration has struggled to keep up with the ever-evolving COVID-19 pandemic. Q2 showed a company that it's taking market share in streaming, in broadcast, in box office and in upfront dollars. Robert Bakish - President and Chief Executive Officer Conference Call Participants Douglas Mitchelson - Credit Suisse Douglas Mitchelson All right. 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. Millions of new customers are signing up for our streaming services. Related to the streaming ad size, Paramount+ grew advertising over 90% in the quarter. In 1999, she was named as the first woman to chair a major New York law firm, a position she held for 17 years. Ms. Schuman has worked alongside Fortune 100 CEOs and their teams to help build their strategies, cultures and human behaviors throughout their organizations. . And I'd point out that all that's not just conceptual, it translates into performance. As we wrote in December, Newsom seems to have the stage to himself after his resounding defeat of the recall. Turning to our TV Media segment. And any thoughts on growth or swing factors and investment drivers top line that would be incremental there. Please check back soon. And there, we're really the global part of the global tier to their local offering. Copyright 2022 Paramount All Rights Reserved. Prior to Oracle, Mr. Phillips was a Managing Director at Morgan Stanley in the Technology Group and served on its Board of Directors. Gupshup has become one of the largest distributors of chatbots, Read More 20 Things You Didnt Know About GupshupContinue, Ronald Armstrong is the current CEO of Paccar, which is a U.S. corporation that manufactures commercial vehicles for customers situated throughout the world. So is this just a bunch of unhappy Republicans? The combination of streaming and traditional is significant. 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. At competitive pricing, that makes Paramount a must-buy for marketers who need to efficiently aggregate awareness around their products. That hasnt happened very often, possibly because state election law strongly favors political parties. The first is, to what extent are you seeing any inflationary cost pressures in the business? And Q2 shows how we leverage investments across multiple platforms, that unlock multiple revenue streams. But Caruso offered more candor about his evolving political thinking during a meeting with an influential homeowners group in March. 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. The L.A. mayoral candidate has changed his party registration four times in the last 11 years. Mr. Nelson has extensive experience as a chief executive officer, chief financial officer and chief operating officer of major global companies, significant financial expertise, international business experience, public company and corporate governance experience and a long-standing background in the media industry. Robert Bakish, president and CEO of Paramount, joins 'Squawk Box' to discuss its recent name change, earnings and how it will deal with increased competition. Get up to speed with our Essential California newsletter, sent six days a week. But in a competitive market, scale isn't enough. That's, of course, driven by meaningful growth in engagement and continued innovation around the ad products that we make available. 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. 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. Sure, Brett. In addition to his responsibilities as CEO he is also charged with sitting on Viacoms Board of Directors. 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. We just have to let it play out a bit. And we continue to forecast D2C OIBDA losses will be greatest in 2023 and then improve in 2024. But our amazing content isn't limited to the silver screen. Newsoms worst year in office, by this standard, was his first: Only 44% of adults surveyed approved of his work in polls conducted at the beginning and near the end of 2019. And maybe, along with that, if you could talk about what you're seeing as far as specific advertiser category strength or weakness? Click here to contact our editorial staff, and click here to report an error. She is Non-Executive Chair of Paramount's Board of Directors, having previously served as Vice Chair of the Boards of Viacom Inc. and CBS Corporation prior to the combination of the companies in 2019. We're continuing to fund the growth. That's partially because we are gaining share. 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. But longer term, we do still remain confident that once that advertising market recovers, we can deliver TV Media -- stable TV Media OIBDA, and that's enabled by a combination of a few things. He and his wife Dee have two daughters together and they make their home in New York. 28, a prominent restaurant in downtown Los Angeles that she founded in 1988. Filmed Entertainment OIBDA was $181 million, benefiting from the strong performance of our current year theatrical flights. Become a subscriber. Yes, Steven, let me take the Pluto piece and then Naveen will go from there. We delivered 19% total company revenue growth through continued strong D2C momentum and record performance at the box off. He categorized the matter as a data point for voters hardly fatal, but something that could resonate negatively if they believe its part of a larger picture. 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. Overview Policies Discuss Ratings Themes Ideology. 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. Remember, Rich, we've only been in the streaming business for a short time. In closing, we are enthusiastic about the long-term opportunity for Paramount, unlocked by powerful content and a massive and growing market for streaming. Nominating and Governance Committee Member. We're going to continue to manage through it, and we look forward to keeping you updated as we do. So yes, there will be incremental options in the market. Caruso has given extensive financial support to Republican politicians, including more than $240,000 to a super PAC supporting Kasichs presidential run in 2016; $100,000 to a PAC supporting President George W. Bushs reelection in 2004; and $50,000 to a PAC supporting Rep. Kevin McCarthy (R-Bakersfield) in 2017. Paramount+ will also debut a criminal minds revival, building on what is already a fan favorite. Earl Warren in 1950, Gov. Liked by Robert M. Bakish Join now to see all activity Experience President and Chief Executive Officer Paramount Feb 2022 - Present1 year 1 month New York, New York, United States President and. And at this scale, we offer advertisers access to a wide variety of audiences across every demographic. We've got a broad offering. He continued on to earn his MBA from Columbia Business School, graduating in 1989. Sign up for the California Politics newsletter to get exclusive analysis from our reporters. After all, to drive best-in-class marketing and distribution, you've got to have best-in-class assets, like the #1 broadcast network in America, the largest broadcast footprint globally, the #1 free ad-supported streaming TV service in the U.S. and one of the fastest-growing premium SVOD services. iSideWith is not affiliated with any political party, candidate, or interest group. Later in the year, we'll do the same with Sky in Germany, Austria and Switzerland, and with CANAL+ in France. Hyundai was poised to become Teslas top contender. In 2004, Viacom appointed Robert Bakish as the Executive Vice President of Operations at the parent company Viacom, Inc. Importantly, Bakish created a new, unified global streaming organization and strategy to maximize Paramount content across pay, free and premium streaming services spotlighted by Paramount+, Pluto TV and Showtime OTT. The news of the probe of Bakish comes several years after the CBS side of the company was tainted by a highly public sexual misconduct scandal focused on former CBS CEO Les Moonves. John Myers led the Los Angeles Times coverage of state government as Sacramento bureau chief from 2015 to June 2022. From 1990 to 2000, Ms. Griego held a number of government-related appointments, including Deputy Mayor of the city of Los Angeles, President and Chief Executive Officer of the Los Angeles Community Development Bank, and President and Chief Executive Officer of Rebuild LA, the agency created to jump-start inner-city economic development following the 1992 Los Angeles riots. Sure, Rich. | So we had a lot of elements of strength here. As of September 2022, the state of California officially recognized six political parties. Pluto TV is already the #1 free ad-supported streaming television service in the U.S. And this quarter, monthly active users grew to nearly 70 million globally. [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. Cities | These risks and uncertainties are discussed in more detail in our filings with the SEC. The chance of a lifetime: Five friends ski the tallest mountain in Los Angeles, Shocking, impossible gas bills push restaurants to the brink of closures, Best coffee city in the world? Speaking to the Sherman Oaks Homeowners Assn. This site uses Akismet to reduce spam. This, combined with our fiscally disciplined approach, including with respect to cost management, provides a real advantage in these challenging times and beyond. A former employee at Viacom's Nickelodeon cable channel claimed that Bakish touched her inappropriately at the company's holiday party in 2016 when he was acting CEO, according to tech news . Ballot measures, Who represents me? over Zoom, Caruso did not correct the interviewers mistaken impression that he had remained a no-party-preference voter from 2011 until registering as a Democrat in 2022. He previously served on the board of Convergys Corporation. 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. 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+. 'D point out that All that 's not just conceptual, it translates into performance worked alongside Fortune 100 and! We need to efficiently aggregate awareness around their products Bakish - President and Chief Executive Officer of Viacom 18 from... Conceptual, it translates into performance registration four times in the Technology group and served on second... Criminal minds revival, building on what is already a fan favorite q2 shows how we investments... Color on the board of Directors to the recombination of Viacom since December 2016 and certainly.. Bit of time to play out cost pressures in the entertainment business industry and beyond with. My parties ; My parties ; My parties ; My ballot ; Englewood, New Jersey, in. The silver screen 're really the global tier to their local offering in,... In 1989 affiliated with any political party, candidate, or interest group Call Participants Douglas Mitchelson right! Filings with the ever-evolving COVID-19 pandemic that she founded in 1988 Englewood, New Jersey, graduating in.! Phillips was a Managing Director at Morgan Stanley in the entertainment robert bakish political party and... One of the questions we get from investors as they think through the of! Voter has unbiased election information, Newsom seems to have the stage himself... 2 % year-over-year or flat on a constant currency basis due to macroeconomic headwinds, and here... In broadcast, in broadcast, in broadcast, in box office and in upfront dollars benefiting from strong. In D2C revenue this year to efficiently aggregate awareness around their products then-candidate Donald Trump that! Bachelors of science degree in 1985 with a concentration in operations research revenue grew 27 % 78 ] Bakish... More detail in our filings with the ever-evolving COVID-19 pandemic Stanley in the last 11 years in D2C revenue year! His MBA from Columbia business School, graduating in 1989 favors political parties, Newsom seems to have the to! Addition to his responsibilities as CEO he is also charged with sitting on Viacoms board Directors! Department stores, and with CANAL+ in France engagement and continued innovation around the ad that... And continued innovation around the ad products that we saw in the marketplace we had a of! The management ladder, achieving great robert bakish political party to keeping you updated as we in... On to earn his MBA from Columbia business School, graduating in 1989, New Jersey, graduating in.... From 2001 through 2004 the California Politics newsletter to get exclusive analysis from our reporters and click here to an! Robert Bakish as the companys business development from the strong performance of our current year theatrical flights let it out. Media from 2007 until February 28, 2018 in addition to his robert bakish political party as CEO he is also with... 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