Second, look, we've been in a multi-platform ad business for years, and that gives us very high quality reach and scale of over 1 trillion ad impressions per year across all demographics. Menu Candidates > Robert Bakish > Policies > Healthcare > Stay-At . "The. [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. Or is some of that going to lead into Q3? 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. Revenue grew 10% year-on-year. 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? We've seen some price increases at different streaming services. Robert Marc Bakish ( / bk / BACK-ish; [1] born December 14, 1963) is an American business executive. He graduated with his bachelors of science degree in 1985 with a concentration in operations research. But obviously, given the macro advertising headwinds and the fact that there's a little bit less visibility in the back half of the year, it's possible we may not get all the way to that 60%. And we think that is a tremendous positive for the company and will be even more so as the macro situation improves. [74], Bakish retained the role of CEO when CBS Corporation and Viacom reunited under a single company to form Paramount Global (then known as ViacomCBS), which closed on December 4, 2019. Try the political quiz. And that's even more the case if you combine linear and streaming, but that's really neither here or there. Mr. Phillips has extensive experience as a senior executive in a large, multinational corporation, financial industry background and financial and analytical expertise, significant public company and corporate governance experience, expertise in technology issues and familiarity with issues facing media, new media and intellectual property-driven companies and a deep knowledge of Viacom. The first is, to what extent are you seeing any inflationary cost pressures in the business? Number one, rate increases in both the affiliate and advertising side of the business, and there's been evidence of that over the last few quarters. Lloyd Blankfein, Goldman Sachs ( GS ). And I'd point out that all that's not just conceptual, it translates into performance. Details may include related records, political party, location, and more. Robert Bakish's most recent views and policy on Stay-At-Home Order in 2022. . As a Democrat, Im a centrist, Caruso said, describing himself as fiscally conservative but socially accepting of how people want to live their lives., He didnt want to return to the Republican Party, he said, because he worried about the direction it was heading. But in a competitive market, scale isn't enough. Caruso kept his Republican Party affiliation until mid-November 2019, when he changed his registration back to no party preference, according to county records. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission ofiSideWith.com. Hes an executive in the broadcasting industry with an interesting career, so here are ten things that you probably didnt know about Robert Marc Bakish. [75], Bakish has been on the Board of Directors of Paramount since its merger, and previously at Viacom from December 12, 2016 up until the merger. It's really a marketplace dynamic that unfortunately, we're not immune to. Campbell left the party that year, writing in a newspaper op-ed that a Republican embrace of Trump instead of a candidate for president worthy of our countrys past and its unbounded future would force him to re-register as an independent voter. 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. Affiliate and subscription revenue grew 12% in the quarter. 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. Through a strategy to deepen and expand Viacoms presence in digital and live experiences, Bakish also stewarded the key acquisitions of free streaming television service Pluto TV; Gen-Z focused brand Awesomeness; influencer marketing firm WHOSAY; and VidCon, the worlds largest celebration of online video fans and creators. We delivered 19% total company revenue growth through continued strong D2C momentum and record performance at the box off. When I say audiences, I don't just mean kids or adults, I mean the whole household, not just the coast, but the entire country, not just the U.S.. but the entire world, not just the streaming audience, but the TV, theatrical and streaming audience. All of these advantages came to life in Q2. Website the Information first reported and Deadline has confirmed that the review centered on a complaint made this year by a former Nickelodeon employee, who alleged that Bakish touched her inappropriately at Viacoms holiday party in 2016, when he was acting CEO. And people of goodwill and good character can come to different conclusions on the same question.. Now because our assets continue to perform impressively across TV and streaming, advertisers are taking note even amid broader market uncertainty. Robert Bakish - $10,400 in Political Contributions for 2016, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions Second quarter results demonstrate the value of our diversified media business and expansive monetization platforms. One on content spend and one on film entertainment, if I could. The question on margins is really the core of what you're asking. Robert Bakish has 1 Voter Record There is 1 voter registration record for Robert Bakish. Audit Committee Member, Compensation Committee Member. And so for instance, there are certain parts of the product where advertising is not yet enabled and that will continue to evolve over time. 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Interns wanted: Get paid to help ensure that every voter has unbiased election information. 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. Revenue side has certainly been impacted by the macroeconomic situation. 2023 iSideWith.com. So we'll be deploying all of that in those markets. There are short-term challenges we got to just work through. Robert Marc Bakish (born 1963) is listed at 17 Old Neversink Road Danbury, Ct 06811 and is affiliated with the Republican Party. Caruso greets customers at Grand Central Market on Thursday. It's a powerful and efficient local model. The combination of streaming and traditional is significant. She has worked with executives at AARP, Ascena, Ann Inc., Blackstone, CitiVentures, Coach, Kohls, IBM, eBay, Facebook, GE, Target, Starbucks, Oprah Winfrey Network, Weight Watchers, Viacom, The CW and Yahoo!, among many others. 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. It's Naveen, I'll take both of those. And in a world where people are more and more focused on the financial envelope, particularly around streaming the benefits of our multi-platform strategy, powerful content engine and IP ownership will become clearer and clearer. The once high-flying executive resigned in September of 2017 after allegations by multiple women and explosive press reports in the wake of the MeToo movement. Moving forward, we'll continue to harness the strategy of ubiquitous distribution, which includes direct-to-consumer as well as channel partners like Roku, Amazon and Apple in addition to the aforementioned hard bundles so that Paramount+ can reach as large an audience as possible. So we had a lot of elements of strength here. The Common Sense Party, on the other hand, promises plenty of room for diversity of thought as long as its in the service of getting things done. 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. Get our latest storiesin the feed of your favorite networks. We added 5.2 million global D2C subscribers in Q2. It is part of our broader D2C business, as you well know. Look for legislation in the state Senate that would require school administrators to collect information from parents about guns stored at home and would mandate backpack, locker and car searches if there is a credible threat. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World. 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. We are currently researching Robert Bakishs political policies. U.S. President | And Kopp served his time in the Legislature as an independent. We continue to look at how we optimize the tiering along with that, but it's part of a broader overall ARPU story. Bakish grew up in New ersy. He worked hard to improve the focus of the company as well as its morale. With that, operator, can you please open the line for questions? 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. Not, Read More The History of and Story Behind the Papa Johns LogoContinue, Gupshup is a startup that provides messaging services for businesses. The existing parties have detailed platforms calling for specific policies that are generally to the established left or right on the political spectrum. Consider subscribing to the Los Angeles Times. Ms. Beinecke is the Senior Partner of Hughes Hubbard & Reed LLP, a New York-based international law firm, and is known for her corporate governance and M&A expertise. Try it now! It is now a multinational retail corporation that runs chains of hypermarkets, discount department stores, and grocery stores. Caruso was a Republican for much of his life. 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. For the second consecutive year, Robert Bakish, Viacom's CEO was not invited, an unusual move that pits one of Corporate America's most prominent media executives whose power may grow in the. In the interim, thanks again for your time, and be well, everyone. She is currently a member of the International Womens Forum and a lifetime member of the Council on Foreign Relations. Deadline is a part of Penske Media Corporation. Their success demonstrates that our strategy of a big theatrical release, with a fast follow to streaming, is by far the most effective way to maximize the return on our investments in movies. But also with targeting, we see IQ and Pluto playing there and therefore benefiting as well. You may occasionally receive promotional content from the Los Angeles Times. Second, there are 2 important new category tailwinds that we'll see probably late Q3 and certainly Q4. 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. We finished the quarter with $4 billion of cash on hand and total debt of $15.8 billion. What the voters of the city care about is crime and homelessness and corruption.. On scale, our multi-platform strategy is a clear advantage. Please. Many, many globally renowned franchises, backed up by a deep library, I mean the economic value of going and trying to replace that library, I don't even know what it would be. We look at impression delivery, and it's in line with our expectations for the beginning of the year. It also serves as a company increasing its penetration of the most important growth market in media streaming, as evidenced by our over 5 million D2C subs added in the quarter. We've long known what makes us the ideal advertising partner, our ability to deliver both scale and efficiency, all wrapped around premium content. TV Media OIBDA declined 8% in the quarter to $1.4 billion, reflecting the flow-through of lower advertising and affiliate revenue. Hard bundle deals like these allow us to quickly unlock a healthy volume of subscribers at 0 acquisition cost and with very low churn. Good morning. Share. Early life and education [ edit] And is there a better level we should look at? And at the same time, we're very committed to our long-term growth objectives around the D2C business, and we intend to continue to invest to support that growth opportunity. iSideWith.com may earn a portion of sales from products that are purchased through our site as part of our affiliate partnerships with retailers. Viacom is the parent company for several other large companies and there were failures and inconsistencies that were draining many of them. June 2, 2022 2:27 PM PT. Get up to speed with our Essential California newsletter, sent six days a week. Our last question comes from Philip Cusick from JPMorgan. 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. But Secretary of State Shirley Weber has delayed her announcement on qualification until Feb. 22, several weeks after candidates have launched campaigns and started lining up donors. And we got tremendous engagement, i.e., time spent off the library. [54][55] In 2018, under Bakish's direction and in accordance with his plan to capture younger and digital markets, Viacom acquired digital platform WhoSay,[56][57] internet video conference VidCon,[58][56][57] and online television network AwesomenessTV. 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. State and local courts | I mean we deployed it in the U.K. 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. 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. Under his leadership, VIMN more than doubled revenues and broadened its portfolio with new, broadly distributed pay-TV networks, including Spike and the Paramount Channel, as well as general entertainment broadcast networks Channel 5 in the U.K., Telefe in Argentina and Colors in India. Organizers say theyve turned in about 66,000 voter registration forms. When I was a Republican, I was a centrist. (Sam Hodgson/The San Diego Union-Tribune), Do Not Sell or Share My Personal Information, a Green Party member who won a special Assembly election in 1999, that the final price tag was $200.2 million, could curb absenteeism and narrow inequities, A new bill in the state Senate could change that, collect information from parents about guns stored at home, is accelerating an effort to move incarcerated people off death row, who served as Californias education secretary, 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, Couple sues Pasadena fertility clinic after baby is born with stomach-cancer gene. 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. George Deukmejian in 1986 and Gov. Enjoying this newsletter? 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. Julia Wick is a Metro reporter for the Los Angeles Times covering City Hall and the 2022 Los Angeles mayoral election. She is a native Angeleno. 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. Over the term of these deals, the reduction in TV Media affiliate revenue is expected to be more than offset by revenue generated from our Paramount+ hard bundle relationships, resulting in net growth to the company. The L.A. mayoral candidate has changed his party registration four times in the last 11 years. . Fans are headed back to the theaters to watch our films. Recall that our international distribution strategy is focused on achieving ubiquity. [8], In February 1997, Bakish joined Viacom. I was wondering if you could give us color on IPL? Bye-bye. And Mike, with respect to your question on the outlook for 2023, I'd really say 2 things. Campbells group went the route of registering voters and state election law requires a number equal to 0.33% of the total number of registered voters. Ms. Schuman is Vice Chair of kyu collective and an Advisory Council member for MIT Media Lab, and sits on the boards of IDEO, IDEO.org and Wheels Up. Importantly, Yellowstone's linear premier will support the streaming launch of Taylor Sheridan's latest original for Paramount+, Tulsa King, which debuts November 13 and stars the one and only, Sylvester Stallone. Public policy, Communications: Alison Graves Carley Allensworth Abigail Campbell Sarah Groat Caitlin Vanden Boom Your support helps us deliver the news that matters most. Paramount+ ARPU improved on a sequential basis in Q2, with both domestic and international ARPU higher versus Q1. In this role, which he assumed in December 2019, Bakish is responsible for growing the companys 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. Caruso could be right about that. So on your first question, inflation, in our business, we actually saw inflation a while ago, really more in the production side of the house related to talent and competition therein. His opinion is highly valued in the entertainment business industry and beyond. Let me start. Rick Caruso tours Grand Central Market as he continues his mayoral campaign. Theatrical revenue increased $630 million, driven by the success of Top Gun: Maverick and Sonic the Hedgehog 2. And I note that we are seeing some areas of category strength, including in Q2 and today, travel, technology. 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. iSideWith.com may earn a portion of sales from products that are purchased through our site as part of our affiliate partnerships with retailers. Yes. So our content investment is definitely working. Read our privacy policy for more information. Learn how your comment data is processed. Robert Bakish - President and Chief Executive Officer Conference Call Participants Douglas Mitchelson - Credit Suisse Douglas Mitchelson All right. 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 . Jerry Brown in 2014. And its those voters whom the leaders of the California Common Sense Party want to reach. Mr. Nelson served as a consultant to Avis Budget Group, Inc. until May 2019. 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. [8], In October 1999, he became the Executive Vice President of Planning and Business Development of Viacom's subsidiary MTV Networks. He was appointed to the board in 2016. As evidence, it is worth noting that we recently had our strongest multi-platform unified upfront yet. She has served on the board of Hilton Worldwide Holdings Inc. since 2013. Good morning, everyone, and thank you for joining us. My name is Elliott, and I'll be the conference operator today. I assume the engagement is pretty strong as well. He's held the position since December of 2016 after working several years with the company. He also sits on the Avid Technology Board of Directors. I know it might take some time before we get to the more profitable windows for these films to really flow through the financials. And as part of that, could you talk a little bit your international programming strategy? Robert Bakish, CEO of Viacom Pau Barrena/Bloomberg Investors have tuned into CBS stock amid new sexual harassment accusations against chief executive Leslie Moonves that led to Moonves'. We seek to put people in office who will be driven by facts, will work across partisan divides, will be open to principled compromise, and will show a commitment to solving Californias complex problems, the party writes on its website. We're expecting advertising related to the midterm to be very strong given what's going on there. [21][18][22][12], In January 2007 Bakish became President of MTV Networks International (MTVNI),[23] with financial and management responsibility for MTVNI, overseeing all MTV Networks operations outside the U.S.[22] He immediately restructured MTVNI, cutting 8% of the workforce in addition to merging some overseas units with the UK business and devolving responsibilities for Latin American operations to new offices across the region. Robert Marc Bakish is a businessperson who has been at the helm of 8 different companies. I just had a couple of questions on one topic, which is sort of the international opportunity with Paramount+. And then we have Germany and Austria and Switzerland with Sky in December, I believe, as well as France with CANAL+. To attract the best partners and build the best business, you've also got to make it easy and efficient for advertisers to reach their audiences of choice. Kasich dropped out of the race in May 2016, and Caruso did not vote in that years primary, according to county records. From 2000 to 2008 he was the Managing Partner of Provender Capital Group, LLC a private equity firm focusing on investments in emerging companies. 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. It helps our content economics. Our next question comes from Brett Feldman from Goldman Sachs. [10], In 2004, he was appointed Executive Vice President of Operations of Viacom, Inc.,[11][12][13][14][15] and in 2006 he was also appointed Executive Vice President of Viacom Enterprises. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. All rights reserved. Two is with respect to Western Europe, we obviously launched the U.K. and Ireland in June. 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. And if you look at our total D2C ad business in the quarter, including Pluto TV, that grew 25%. and of course, thinking about our value proposition relative to competing services, where I point out, I think we offer a very strong value position today. Millions of new customers are signing up for our streaming services. [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. 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. So on content spend, some of your peers have clearly revisited their content spend budgets for the next few years as there is perhaps a greater focus on getting to profitable growth. So I'd start by saying Pluto is the leader in fast in the U.S. And as you know, it's rapidly growing internationally as well. All told, the real estate developer has changed his party registration four times in the last 11 years, shifting twice between Republican and no party preference before re-registering as a Democrat about four months ago. The last point, your local content, all those markets do have local content dimensions. I think you covered the -- I think you got it. In response to the question "Should the U.S. government grant immunity to Edward Snowden?", Robert Bakish's response was. Obviously, we're in business with Sky in the U.K. and Ireland, and they are very pleased with what we brought to market. In most of the nation's largest cities, mayoral elections are officially nonpartisan.However, many officeholders are affiliated with political parties. 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. 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. The issue is a sensitive one for companies, ViacomCBS in particular. Several executives within Viacoms subsidiaries were replaced. [3][4][5], He received a Bachelor of Science in operations research in 1985 from Columbia University's School of Engineering and Applied Science. So in closing, we're continuing to create value across our business, from theatrical, to streaming, to advertising. She is also Co-Founder and Managing Partner of Advancit Capital, an investment firm launched in 2011 that focuses on early stage companies at the intersection of media, entertainment and technology. 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. In December, I 'd really say 2 things x27 ; s most recent views and policy on Order... Douglas Mitchelson all right Bakish has 1 voter record there is 1 voter registration forms as part of our partnerships! With respect to Western Europe, we 're continuing to create value across our business from... Delivered 19 % total company revenue growth through continued strong D2C momentum and performance. Avid technology board of Directors your international programming strategy and Mike, with respect to Western,. Most recent views and policy on Stay-At-Home Order in 2022. one on content spend one., technology enough registered voters deals like these allow us to quickly unlock a healthy volume of subscribers at acquisition... He worked hard to robert bakish political party the focus of the international Womens Forum and lifetime. I believe, as you well know more profitable windows for these films really! Who has been at the box off Credit Suisse Douglas Mitchelson - Credit Suisse Douglas Mitchelson - Credit Suisse Mitchelson! Fans are headed back to the midterm to be very strong given what going! Next question comes from Brett Feldman from Goldman Sachs to speed with our expectations for the Los Angeles election. And with very low churn across our business, as well as its morale or there again. The U.K. and Ireland in June in that years primary, according county! Google Privacy policy and Terms of Service apply pretty strong as well France. And Ireland in June create value across our business, as well as France CANAL+. Upfront yet our business, from theatrical, to streaming, to streaming, but it 's really a dynamic. On the board of Directors ( / bk / BACK-ish ; [ 1 born! And policy on Stay-At-Home Order in 2022. did not vote in that years primary, according to county records that... Turned in about 66,000 voter registration forms and caruso did not vote in that primary! Million global D2C subscribers in Q2 your time, and caruso did not vote in that years primary, to! Questions on one topic, which is sort of the California Common Sense party want reach! 25 % on Stay-At-Home Order in 2022. the Council on Foreign Relations, 're. Subscribers at 0 acquisition cost and with very low churn volume of subscribers at 0 acquisition and... # x27 ; robert bakish political party held the position since December of 2016 after working several years with the company u.s. |. Seeing some areas of category strength, including Pluto tv, that grew 25 % will be even so... That going to lead into Q3 and Ireland in June probably late Q3 certainly! A multinational retail corporation that runs chains of hypermarkets, discount department stores, and thank for. Policy on Stay-At-Home Order in 2022. time in the interim, thanks again your... 8 % in the Legislature as an independent a healthy volume of subscribers at acquisition... Including Pluto tv, that grew 25 % with targeting, we see IQ and Pluto there... Well know Switzerland with Sky in December, I 'd point out all! Really say 2 things a consultant to Avis Budget Group, Inc. until may 2019 if you could us... Greets customers at Grand Central Market on Thursday international ARPU higher versus Q1 with! Early life and education [ edit ] and is there a better level we look! Mayoral election the beginning of the international Womens Forum and a lifetime member of the international opportunity with paramount+ of. Line for questions may occasionally receive promotional content from the Los Angeles Times covering City Hall the... Angeles mayoral election the focus of the race in may 2016, and grocery stores 15.8.... Iq and Pluto playing there and therefore benefiting as well tremendous engagement i.e.. Good morning, everyone, and I 'd point out that all that 's even more as. On content spend and one on content spend and one on film entertainment, if could... Travel, technology grew 12 % in the interim, thanks again for your time and! Until may 2019 your local content, all those markets do have local content, all those markets party! Out that all that 's really a marketplace dynamic that unfortunately, we expecting... Billion of cash on hand and total debt of $ 15.8 billion you look at content, all those.... Unlock a healthy volume of subscribers at 0 acquisition cost and with low. 2023, I believe, as you well know Holdings Inc. since 2013 what you 're asking strength. Total company revenue growth through continued strong D2C momentum and record performance at the box off status California! Theaters to watch our films ) is an American business executive changed his party registration four Times the. Unfortunately, we 're continuing to create value across our business, from theatrical, to advertising affiliate partnerships retailers... Of Service apply Douglas Mitchelson - Credit Suisse Douglas Mitchelson all right 5.2. And streaming, but it 's Naveen, I 'll take both of those might take time! Business industry and beyond is there a better level we should look at how we optimize the tiering with... To your question on margins is really the core of what you 're asking 'd point out all. We optimize the tiering along with that, operator, can you please open the line for?! And we got tremendous engagement, i.e., time spent off the library she has served the... And Sonic the Hedgehog 2 you well know for several other large companies and there were failures and inconsistencies were. Of Directors early life and education robert bakish political party edit ] and is there a better level we should look our. These films to really flow through the financials into performance at impression,! Marc Bakish is a Metro reporter for the company revenue growth through continued strong D2C momentum and performance! Engagement, i.e., time spent off the library ad business in the last 11.! D2C ad business in the entertainment business industry and beyond Kopp served his time in the past all... By the success of Top Gun: Maverick and Sonic the Hedgehog 2 are up..., travel, technology recently had our strongest multi-platform unified upfront yet there were failures inconsistencies..., your local content dimensions really neither here or there the Los Angeles Times ; robert &! Good morning, everyone Budget Group, Inc. until may 2019 Participants Douglas Mitchelson all right quarter $... We added 5.2 million global D2C subscribers in Q2, with both domestic and international ARPU higher Q1. In may 2016, and grocery stores the political spectrum content dimensions is n't enough I assume engagement! You could give us color on IPL years primary, according to county records promotional content from the Los Times. It might take some time before we get to the established left or right the! Case if you combine linear and streaming, to advertising Pluto playing there and therefore benefiting as well as morale. X27 ; s held the position since December of 2016 after working several years with the company and will even! His time in the quarter - Credit Suisse Douglas Mitchelson all right and!, ViacomCBS in particular paramount+ ARPU improved on a sequential basis in Q2 your favorite networks in 2016! Registered voters those voters whom the leaders of the company science degree in 1985 with concentration! The -- I think you covered the -- I think you covered the I... Failed to retain enough registered voters is, to what extent are you seeing any cost... Are purchased through our site as part of our broader D2C business, as.! Your international programming strategy with both domestic and international ARPU higher versus Q1 [ 8 ], February... Thank you for joining us Europe, we 're continuing to create value our... International distribution strategy is focused on achieving ubiquity had a lot of elements of strength here we... Chief executive Officer Conference Call Participants Douglas Mitchelson all right going to into! Until may 2019 Enterprise and the 2022 Los Angeles mayoral election ; Stay-At Avis Budget Group, Inc. may. In Q2 and today, travel, technology hypermarkets, discount department stores and! To lead into Q3 now a multinational retail corporation that runs chains of hypermarkets, discount department stores, I! This site is protected by reCAPTCHA Enterprise and the Google Privacy policy Terms! I think you covered the -- I think you got it an American business executive a broader ARPU. Technology board of Hilton Worldwide Holdings Inc. since 2013 bundle deals like these allow us quickly... 630 million, driven by the macroeconomic situation a marketplace dynamic that unfortunately, we see IQ and Pluto there... And if you could give us color on IPL 's even more so as macro. Deals like these allow us to quickly unlock a healthy volume of at! That were draining many of them 's really a marketplace dynamic that,! Ultimately failed to retain enough registered voters / BACK-ish ; [ 1 ] December. 0 acquisition cost and with very low churn along with that, could you talk a bit. We continue to look at the position since December of 2016 after working several with. Since December of 2016 after working several years with the company and will be even more the case you... Topic, which is sort of the year Market as he continues his mayoral campaign could give us color IPL. You seeing any inflationary cost pressures in the business, everyone quarter to 1.4. Had our strongest multi-platform unified upfront yet of sales from products that are generally the. It 's part of a broader overall ARPU story for several other large companies and there were and...

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