Share. 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. He led the revitalization and evolution of Viacoms core businesses, returning the company to growth, and extending its leadership across multiplatform entertainment content, next-generation distribution and advertising. This quarter, Paramount+ added 4.9 million global subscribers and revenue grew 120%, further cementing Paramount+ as one of the fastest-growing premium streaming services. Nominating and Governance Committee Chair. As of June 30, we had a base of 63.7 million global D2C subscribers, including 43.3 million Paramount+ subscribers. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. 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. The billionaire developer has said little about global warming. I assume the engagement is pretty strong as well. It really has 3 fundamental components: hard bundle, plus channel stores like Roku and Amazon and Apple, and direct D2C on an O&O basis. We know how to do programmatic. [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. Then the U.S. government blindsided it, Before and after photos from space show storms effect on California reservoirs, Yet more rain expected to hit California in March. [25][37][2] Under his leadership, the Paramount Channel was launched, offering movies and television shows in Europe, Latin America and Russia. He also sits on the Board of Visitors at the School of Engineering and Applied Science at Columbia University. I understand that submitting my email address allows iSideWith.com to send me important notifications via email. We're also seeing the power of partnership to bring Pluto TV to greater heights. Deadline is a part of Penske Media Corporation. He previously worked as a partner with Booz Allen & Hamilton in its Media and Entertainment practice. Paramount+ ARPU improved on a sequential basis in Q2, with both domestic and international ARPU higher versus Q1. This global operation is headquartered in Bentonville, Arkansas, and, Read More Meet the Board of Directors of WalmartContinue, New Balance has been producing shoe accessories and footwear for over one hundred years and they are one of the best known trainer brands in the world. 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. State executives | Paramount+ will also debut a criminal minds revival, building on what is already a fan favorite. And as you pointed out, our content dollars are used differently than many of our peers. Mr. Phillips earned a BS in Computer Science from the U.S. Air Force Academy, an MBA from Hampton University and a JD from New York Law School, and he is a member of the Georgia State Bar Association. That's right, the Wall Street banker who runs a firm . It's an important part of the equation. And at the core of it, it's our differentiated as we say, playbook. What the dollar commitment -- your commitment is and what your goals are there? I mean we deployed it in the U.K. So that's really the ad market. Currently, he is President, Chief Executive Officer & Director at ViacomCBS, Inc. Mr. Bakish is also on the board of 5 other companies. He was given the title of Executive Vice President and Chief Operating Officer of MTVs advertising sales from 2001 through 2004. It's a powerful and efficient local model. Yet again, evidence, we are taking market share. And I note that we are seeing some areas of category strength, including in Q2 and today, travel, technology. The L.A. mayoral candidate has changed his party registration four times in the last 11 years. As you know, we're -- our goal is to drive the growth on the D2C business to over $9 billion of revenue by the end of 2024. The CBS board at the time accused him of willful and material malfeasance.. So that's the IPL answer. Whether Los Angeles voters who veered left on issues of criminal justice reform and backed Sen. Bernie Sanders (I-Vt.) in recent years want to see the Democratic Party swing toward the center remains an open question. 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. But look back across his time in office and you find a majority of voters have given him good marks in every PPIC poll since January 2020, before pandemic concerns reached California. 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). In 2017, Bakish knew that he had to take strict measures to restructure Viacom and turn the company around. And Mike, with respect to your question on the outlook for 2023, I'd really say 2 things. Campbell's career in Republican politics ended in 2010 with a failed U.S. Senate primary campaign as his centrist Republican views were drowned out by . Signup for Breaking News Alerts & Newsletters. So let me show you how, starting with film. It's Naveen. And as part of that, could you talk a little bit your international programming strategy? Earl Warren in 1950, Gov. With less than a week until the Los Angeles mayoral primary, Rick Carusos political evolution from Republican to Democrat still remains opaque to many voters in the overwhelmingly liberal city he hopes to lead. We now turn to Steven Cahall from Wells Fargo. She is a native Angeleno. All those have hard bundled elements, but again, have a broader distribution to penetrate broad distribution elements to parachute to TAM. The success of our streaming platforms speaks to the power of our content strategy. Ms. Redstone serves on the Board of Trustees for the Paley Center for Media and is actively involved in charitable, civic and educational organizations. 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. So yes, there will be incremental options in the market. The issue is a sensitive one for companies, ViacomCBS in particular. Try it now! All rights reserved. [6][7] He earned an MBA from Columbia Business School in 1989. 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 . 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. 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. From 2004 to 2006, Ms. McHale served as the President and Chief Executive Officer of Discovery Communications, Inc., the parent company of Discovery Channel, and served as its President and Chief Operating Officer from 1995 to 2004. That's, of course, driven by meaningful growth in engagement and continued innovation around the ad products that we make available. Technology in January 1998. 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. 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. Audit Committee Member, Compensation Committee Member. Prior to Barclays, Ms. Byrne worked at Lehman Brothers, where she was the first woman to serve as Vice Chairman. Ms. Griego has served, since 1986, as President and Chief Executive Officer of Griego Enterprises, Inc., a business management company. For the full year, our outlook for stable year-on-year OIBDA at Filmed Entertainment remains unchanged. And Q2 shows how we leverage investments across multiple platforms, that unlock multiple revenue streams. Advertisers are focused on being associated with premium content, and we have a really diverse collection here across entertainment, sports and news. Operations: Meghann Olshefski Mandy Morris Kelly Rindfleisch Ms. Byrne has over 37 years of experience in the financial services industry and is credited with developing longstanding partnerships with diverse groups of multinational corporate clients and leading teams on diverse financing and complex strategic advisory assignments. But our amazing content isn't limited to the silver screen. 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. But these aren't long-term issues. And any thoughts on growth or swing factors and investment drivers top line that would be incremental there. Kevin de Len just postponed Wakanda Forever screening after uproar, 12 reasons why Sycamore Avenue is L.A.s coolest new hangout, Student debt is a crisis: Activists rally outside Supreme Court for loan forgiveness, Couple sues Pasadena fertility clinic after baby is born with stomach-cancer gene, Legislators propose changes to Californias conservatorship law, Los Angeles Mayor Karen Bass endorses Rep. Barbara Lee in Senate race, Sirhan Sirhan, convicted of killing Robert F. 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