Tag: Bob Bakish

Bob Bakish is stepping down from his role at the top of Paramount Global, with the company naming three executives to the office of CEO: George Cheeks, Chris McCarthy and Brian Robbins.

Direct-to-consumer was a bright spot in Paramount's Q4 results, with the company posting a net profit of $514 million on revenues of $7.6 billion, a 6 percent fall from the year-ago period.

Total revenues at Paramount rose by 3 percent to $7.13 billion in the third quarter, with double-digit gains in its direct-to-consumer and filmed entertainment segments.

Advertising woes, the conflict in Israel and Gaza, inflation and escalating production costs may have everyone on edge, but the mood in Cannes was less “the sky is falling” and more, as Lucy Smith, the market’s director, said at a closing press conference, “from challenges come opportunities,” as demonstrated by the plethora of keynotes and news throughout the week.

Bob Bakish, president and CEO of Paramount, shared his thoughts on the evolution of the content-distribution business and its continued importance to the company in his Media Mastermind keynote at MIPCOM, where he was honored with the Personality of the Year award.

Bob Bakish, president and CEO of Paramount Global, has been selected as the Personality of the Year to be honored at MIPCOM.

Direct-to-consumer revenues were a bright spot in Paramount's Q2 results, rising 40 percent while overall revenues slipped by 2 percent to $7.6 billion.

Paramount Global swung to a loss in the first quarter amid higher expenses in its direct-to-consumer segment and a drop in ad revenues, while reporting a new subscriber milestone at Paramount+ and usage gains at Pluto TV.

Paramount's Q4 revenues were relatively stable at $8.1 billion, a 2 percent increase, with record subscriber gains at Paramount+, while ad revenues fell in its TV media segment.

Despite delivering gains in overall revenues and streaming customers, Paramount saw its Q3 profit drop to $231 million from $538 million on revenues that were 5 percent higher at $6.9 billion.