Try the political quiz. 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. 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. State and local courts | Nothing is certain except death, taxes and Rick Caruso is a Republican. [16][17][18][19][20] In these two positions, he was responsible for Viacom's strategic planning and business development plus oversight of a range of business units including Famous Music, Famous Players, Viacom Plus sales and information services and technology, as well as heading Viacom's cross-divisional marketing council. Meanwhile, hit CBS originals like NCIS, which consistently dominate ratings in linear, have drawn significant viewership to Paramount+ and driven engagement there, as have must-see sporting events like the UEFA Champions League Final in May, which air on CBS and Paramount+. Yes, sure, Ben. RB >RB Party's support base May 1st . 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. I understand that submitting my email address allows iSideWith.com to send me important notifications via email. Interns wanted: Get paid to help ensure that every voter has unbiased election information. Robert Bakish is the CEO and President of Viacom. 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. We continue to look at how we optimize the tiering along with that, but it's part of a broader overall ARPU story. Federal courts | In September, we're using that same strategy to launch Paramount+ as a hard bundle in Italy with Sky Italia. (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. But even with that, some very compelling facts to focus on. But what they have said is it's -- we obviously have the streaming rights there. [8], In October 1999, he became the Executive Vice President of Planning and Business Development of Viacom's subsidiary MTV Networks. 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. Technology in January 1998. 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. And we are -- despite some of the short-term headwinds, we continue to be very bullish about the potential for continued ad ARPU growth on our streaming services. I mean in terms of our expectations for Pluto in the back part of the year, I'd take a couple of things. Consider subscribing to the Los Angeles Times. 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 . We've seen some price increases at different streaming services. Send us a tip using our annonymous form. 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. The issue is a sensitive one for companies, ViacomCBS in particular. Jerry Brown in 2014. Caruso kept his Republican Party affiliation until mid-November 2019, when he changed his registration back to no party preference, according to county records. Bye-bye. And its those voters whom the leaders of the California Common Sense Party want to reach. So a couple of things to say. Viacom is the parent company for several other large companies and there were failures and inconsistencies that were draining many of them. Yet again, evidence, we are taking market share. Darry Sragow, a veteran Democratic strategist and publisher of the nonpartisan California Target Book, thought that Carusos repeated changes in party affiliation could raise questions for voters. Gray Davis and championed the creation of charter schools while serving as a state legislator, died last week at age 78. Initially as Vice President of Planning and Development,[8] he became Senior Vice President of Planning, Development and Remember, Rich, we've only been in the streaming business for a short time. And we regularly see the value of serving consumers that don't pay for streaming as well as the ones that do, and obviously, the associated ad access. Then I'll turn it over to Naveen to take you through financial and operating details, and we'll wrap up with a Q&A as usual. As we wrote in December, Newsom seems to have the stage to himself after his resounding defeat of the recall. Packaged goods is managing through inflation issues, which is really impacting their ad spending as they look to protect margins. Operations: Meghann Olshefski Mandy Morris Kelly Rindfleisch We continue to maintain significant financial flexibility, which will increase with the addition of proceeds from the sale of Simon & Schuster &. We are independent and not affiliated with any investors, shareholders, political parties or interestgroups. In closing, I hope you heard how we're deploying a very unique asset portfolio with a differentiated strategy to not only successfully compete in this challenging macroeconomic environment, but importantly, take share and continue to have real momentum, particularly in the streaming space. We had broadcast and cable pricing increase at the same high single-digit rate. That's tracking very well. That's another launch with Sky on a hard bundled basis. And any additional color on the outlook for Pluto in the back half of the year, given what you saw in 2Q? He went on to attend Columbia University where he studied in their School of Engineering and Applied Science. 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%. 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. What does that ad load look like in revenue from here? 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. Our last question comes from Philip Cusick from JPMorgan. Please check back soon. Filmed Entertainment OIBDA was $181 million, benefiting from the strong performance of our current year theatrical flights. Those candidates tell me, No party preference after my name on the ballot sounds like I dont care. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission ofiSideWith.com. She began her career at Mobil Oil Corporation. And while macroeconomic conditions are likely to continue to affect advertising demand and impact TV Media financials, political advertising as well as price increases negotiated in this year's upfront, in combination with continued expense discipline, should help mitigate market-driven headwinds, particularly in Q4. 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. She has served on the board of Hilton Worldwide Holdings Inc. since 2013. Sure, Bryan. And Mike, with respect to your question on the outlook for 2023, I'd really say 2 things. And we know how to transact in upfront. He is a member of the Council on Foreign Relations and The Economic Club of New York. Bakish oversees one of the worlds leading producers of media and entertainment content, driven by a global portfolio of powerful consumer brands and flagship streaming platforms, including CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, and Pluto TV, among others. Details may include related records, political party, location, and more. He is a member of the Board of Directors of the Federal Reserve Bank of New York, the Apollo Theater, Business Executives for National Security and the New York Police Foundation. Campbells group rightly points out that parties are allowed to raise large sums of money to win elections, while independent no party preference candidates are limited to the relatively small donation limits for individual contributors. Ballot measures, Who represents me? Bakish joined Viacom in 1997, and held a series of senior corporate, sales and development positions at the company. 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. Our first question today comes from Michael Morris from Guggenheim Partners. In 2006, Ms. McHale worked with private equity firm Global Environment Fund to launch the GEF/Africa Growth Fund, an investment vehicle focused on supplying expansion capital to small and medium-sized enterprises that provide consumer goods and services in emerging African markets. U.S. President | We're also seeing the power of partnership to bring Pluto TV to greater heights. She has served as Chairman of the Board of Directors of The Doe Fund since 2017. Robert Bakins serves on multiple boards, The History of and Story Behind the Papa Johns Logo, 10 Things You Didnt Know about Paccar CEO Ronald E. Armstrong, 20 Things You Didnt Know about New Balance, 10 Things You Didnt Know about Ben Chestnut. At this time, I would now like to turn the call over to Anthony DiClemente, Paramount Global's EVP, Investor Relations. 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. 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. We know how to transact in scatter. We'd like to thank you for your participation. Please disable your ad-blocker and refresh. Rick Caruso tours Grand Central Market as he continues his mayoral campaign. [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. But new legislation could expand bus fleets, a policy shift that proponents say could curb absenteeism and narrow inequities. Will it turn to a billionaire mayor? A couple of clarifications and a question, if I can. as evidenced by sequential and year-over-year growth in titles viewed per active domestic subs. It's going to be part of a streaming offering for the Indian market, that Viacom18 is going to launch in 2023. So what we're really navigating from an OIBDA perspective is the weakness in the macro advertising marketplace. We continue to monetize them from a catalog perspective. But thats not what pollsters at the nonpartisan Public Policy Institute of California have found. And through partnerships with Viaplay Group and Corus, we are now expanding Pluto TV's international footprint in the Nordics and Canada, respectively. 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. There are short-term challenges we got to just work through. 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. We look at impression delivery, and it's in line with our expectations for the beginning of the year. To learn more about ballot access requirements for political parties in California, see this article. 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