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Bob Bakish

Paramount Chair Shari Redstone to Shareholders: “We Definitely Have the Scale” to Compete

Paramount Global has “what it takes to succeed,” including enough scale, and is pursuing a “disciplined approach to content creation,” non-executive chair Shari Redstone said at the entertainment conglomerate’s annual shareholder meeting on Wednesday. “The past year has been one of growth and success,” she said at the event, which was webcast and was the […]

Paramount Global CEO Bob Bakish’s Pay Dips to $20M in 2021

Paramount Global, the company formerly known as ViacomCBS, disclosed the compensation for president and CEO Bob Bakish and its other top executives Friday, in its third proxy filing since its creation via the recombination of Viacom and CBS Corp. in 2019. The company, which is controlled by Shari Redstone and other members of the Redstone […]

Paramount Goes All-In on Competing With Streaming Giants in Rebrand

Though Paramount+ has yet to reach the subscriber numbers of Netflix, Disney+ and HBO Max, top executives at ViacomCBS are forging ahead with the company’s streaming revolution by relying on more revivals and reboots of nostalgic, fan-favorite IP and sequels of popular projects to draw in viewer interest. The company’s annual investor day presentation on […]

ViacomCBS CEO: Streaming Revenue Crosses $5B Annual Run Rate

ViacomCBS had its best month of subscriber growth ever for its Paramount+ and Showtime streaming services in November, president and CEO Bob Bakish told Wall Street on Tuesday, also touting its growing total streaming revenue and film slate for 2022. Speaking during the virtual UBS Global Technology, Media and Telecom Conference, he said that “November […]

ViacomCBS Adds 4.3M Global Streaming Subs to Hit Nearly 47M, Strikes Paramount+ Deal With T-Mobile

ViacomCBS added 4.3 million global streaming subscribers in its third quarter ended in September, driven by the Paramount+ service, to reach nearly 47 million global paid users, the entertainment company reported on Thursday. It had ended the second quarter with more than 42 million global paid streaming customers after adding about 6.5 million in the […]

UTA Chief’s Zinger: We’re Too Profitable for Endeavor to Buy Us

UTA CEO Jeremy Zimmer and ViacomCBS CEO Bob Bakish discussed the seemingly endless number of deals swirling in the entertainment industry Thursday. They appeared together on a panel, moderated by CBS News anchor Michelle Miller and hosted by Advertising Week New York at Hudson Yards, where Zimmer was asked specifically about the consolidation in the […]

ViacomCBS Expands BET’s Content for Change Into Companywide Initiative (Exclusive)

ViacomCBS is taking a page from one of its brands to evaluate and drive culture shifts within the entire company and in the content it creates. Content for Change, inspired by the $25 million campaign BET created in June 2020, is a companywide impact initiative with an emphasis on research, data and quantifiable targets in […]

ViacomCBS Makes Paramount Shake-Up Official

The shake-up at Paramount is official. Brian Robbins, who oversees Nickelodeon for parent company ViacomCBS, will add oversight of the famed movie studio. Jim Gianopulos, who has led Paramount since 2017, will step aside effective immediately, but serve as an advisor through the end of the year. In addition, David Nevins will add oversight of […]

Pluto TV Ad Revenue to Exceed $1B in 2022, Says ViacomCBS CEO

ViacomCBS expects advertising VOD service Pluto TV to reach more than $1 billion in revenue in 2022, CEO Bob Bakish told an investor conference on Monday. Speaking during the virtual Evercore ISI Inaugural TMT (Technology, Media and Telecom) Conference, Bakish said when he told investors a few years ago that his team at what was […]

Paramount+ Sets Launch Plans for Australia, New Zealand

Paramount+ is heading down under. Hot on the heels of reporting its first-quarter financial results Thursday, ViacomCBS announced that its flagship streaming service will launch in Australia and New Zealand on Aug. 11. The service will be priced at a competitive 8.99 Australian dollars ($6.75) per month and will include 20,000 movies and TV episodes […]

Paramount+ Plans to Debut One Original Movie a Week Beginning in 2022

ViacomCBS has big movie plans for its streaming service Paramount+. Infinite, a sci-fi thriller starring Mark Wahlberg and Chiwetel Ejiofor and directed by Antoine Fuqua for the conglomerate’s Paramount Pictures, will bypass a theatrical release and debut directly on the streamer in the U.S. in late June, CEO Bob Bakish announced on Thursday’s ViacomCBS first-quarter […]