Latest in Bob Bakish

Taking the mic for the second time in a week, Paramount Global CEO Bob Bakish explained why the company slashed its dividend and talked streaming, advertising and weathering a WGA strike. He told the (virtual) annual meeting of shareholders Monday that uncertain macroeconomic factors (interest rates…

Paramount CEO Bob Bakish said today that “writers are essential in creating content and… we hope we can come to a resolution that is good for everyone fairy quickly. But it's also fair to say there is a pretty big gap today, and it's really a multifaceted kind of bid and ask.” Related Story …

Bob Bakish, chief executive of Paramount Global, saw total compensation in 2022 of $32 million, up from $20 million the year before. According to the company’s proxy filing today, Bakish’ 2022 compensation included a base salary of $3.1 million (unchanged from the year before ); stock awards of $15.9…

Showtime has been going through downsizing and recalibration since the November ouster of longtime CEO David Nevins and the premium network’s inclusion in Paramount Media Networks President Chris McCarthy’s portfolio. There have been layoffs, series cancellations and an executive restructuring as McCarthy…

Paramount Global CEO Bob Bakish decided to, in his words, “cross the line” and address a recent bid the company received for Showtime. In an appearance at the Morgan Stanley Technology, Media and Telecom Conference, the exec said the company doesn’t typically comment on M&A. But he acknowledged the…

EXCLUSIVE: Paramount Global is shuttering the UK unscripted division of its international production arm, which makes the likes of Catfish UK and True Life Crime. We hear around 20 roles will be impacted at Viacom International Studios (VIS) UK, and that March 31 has been earmarked as the date for…

Paramount+ added 9.9 million subscribers last quarter to 56 million and grew revenue 81% year-on-year but streaming losses mounted and costs rose. Total Paramount Global revenue of $8.1 billion was up 2% from the year earlier. TV Media saw dips in advertising, affiliate and licensing revenue. Shares…

As Paramount Global prepares to report quarterly earnings Thursday, with CEO Bob Bakish presiding and Shari Redstone happily ensconced as non-executive chair, a new book is bringing forth some interesting (and at times lurid) revelations about the company's tortuous journey. Unscripted: The Epic Battl…

EXCLUSIVE: If the record launch-episode ratings of 1923 reveals anything, it is that viewing audiences on both Paramount+ and the Paramount Network have an endless appetite for Taylor Sheridan's frontier tales of the Duttons and their Yellowstone ranch. Headlined by Harrison Ford and Helen Mirren and…

Paramount Global CEO Bakish said Tuesday that while it "didn't make sense to run Showtime as a 100% stand-alone organization," he wanted “to make it clear that the [Showtime] brand still matters, and the slate is going to matter even more." The label will "lean into franchises," he told the UBS media…

EXCLUSIVE: Layoffs are under way at Paramount Global, with several dozen employees expected to formalize their departures today, insiders have confirmed to Deadline. The cuts, which are expected to affect fewer than 100 workers in both New York and Los Angeles, are concentrated largely in the ad…

Paramount Global is planning for "meaningful and sizeable" cost cuts in the coming months as it looks to balance streaming investments with declining pay-TV operations. Related Story Paramount Global Hits Bumps In Q3, With Pay-TV Declines Offsetting Streaming Progress; Stock Drops In Pre…