Bob Bakish Latest Celebrity News & Gossip

As reaction to the Supreme Court’s overturning of abortion rights in America sweeps the nation, Hollywood studios are focusing on the protection of employees’ access to health benefits, including travel. As of yet, they haven’t opined on the controversial decision by the conservative court.

Supreme Court’s reversal of Roe v. Wade Friday by informing employees that travel costs to obtain abortions or other reproductive health costs will be covered or reimbursed.

Manori Ravindran International EditorWhatever you do, don’t ask Sylvester Stallone — Mr. Stallone to journalists everywhere — to read off a teleprompter.Stallone stole the show at the Paramount+ U.K.

said in a statement, per Variety.Representatives for Paramount Global did not immediately respond to TheWrap’s request for comment.Annecchino will be replaced on an interim basis by a collection of Paramount executives, according to the company’s statement. These leaders include JC Acosta (president, International Studios, Streaming and Networks for Southern Europe, Latin America, Middle East and Africa); Maria Kyriacou (president, Australia, Canada, Israel, and U.K.); and Mark Specht (executive VIP and managing director, Central and Northern Europe and Asia).

Paramount Global’s International CEO Raffaele Annecchino has been placed “on leave,” according to an internal note seen by Deadline.

Nick Vivarelli International CorrespondentRaffaele Annecchino, president of Paramount International Studios, Networks and Streaming, is leaving the company.A terse internal Paramount memo obtained by Variety says that JC Acosta, president, International Studios, Streaming and Networks for Southern Europe, Latin America, Middle East and Africa; Maria Kyriacou, president, Australia , Canada, Israel and UK; and Mark Specht, EVP and managing director, Central and Northern Europe and Asia, “will be stepping in as interim heads to lead the international business.”There was no immediate comment from Paramount International on Wednesday.As he rose through the ranks at what is now Paramount Annecchino is known to have had a close rapport with Paramount CEO Bob Bakish, but it appears that this rapport has suddenly gone sour.

“Scale is not about market cap or about how much money you spend on content. It’s about how much money you spend on content that resonate with audiences,” Shari Redstone told Paramount shareholders, promising the company has the scale to compete in a cutthroat media world that’s seen significant M&A over the past year.

The strategy to license Yellowstone and other major properties to rival streaming services like Peacock and HBO Max, which Paramount Global CEO Bob Bakish has called “unfortunate,” is out the window, according to CFO Naveen Chopra.

Warren Buffett’s Berkshire Hathaway reported Monday in a securities filing that it has acquired a stake in Paramount Global after acquiring $2.6 billion in Class B shares.

Paramount Global has handed Marco Nobili and Olivier Jollet key new roles as its seeks to turbo-charge expansion of its international streaming services.

It’s Friday again, readers. Jesse Whittock here (for the first time, be gentle), taking you through the week’s top headlines.

Jackass is set to return with a new TV series at Paramount+.The news was confirmed by Paramount Global CEO Bob Bakish during an earnings call, according to Variety.“Based off the success of Jackass Forever, we’re working with the creators to continue the partnership with a new series, bringing even more ridiculous antics straight to Paramount+,” Bakish said yesterday (May 3).No further details on returning cast members or potential stunts have been revealed yet, but the project would be hosted exclusively by Paramount+.Next month, Jackass 4.5 will be released on Netflix, featuring unseen footage from Jackass Forever.Like previous film extensions 2.5 and 3.5, Jackass 4.5 will feature behind-the-scenes footage, outtakes, cast interviews and never-before-seen stunts.Johnny Knoxville has previously said he’s retiring from big stunts – a decision influenced by medical advice from his doctor.Speaking to NME, Knoxville said: “I knew going into this movie that this was going to be the last time I was going to do big stunts because I’ve got kids and I’ve had so many injuries. I feel like I could go out good in this film by being my last with big stunts.

Paramount Global CEO Bob Bakish said a new Jackass series is in the works based the recent release of the latest film in the franchise.

Jennifer Maas TV Business Writer“Jackass” is heading back to the small screen, with a new series from the original creators in the works at Paramount+ after to the immense popularity of “Jackass Forever.”“Based off the success of ‘Jackass Forever,’ we’re working with the creators to continue the partnership with a new series, bringing even more ridiculous antics straight to Paramount+,” Paramount Global CEO Bob Bakish said Tuesday during the company’s Q1 earnings call Tuesday.“Jackass Forever,” the fourth film in the long-running franchise, debuted at the top of domestic box office in February with a better-than-expected $23.5 million. The film included classic cast members such as Johnny Knoxville, Steve-O, Chris Pontius, Dave England, Wee Man, Danger Ehren and Preston Lacy, as well as several new faces, including Rachel Wolfson, Sean “Poopies” McInerney and Jasper Dolphin.

Paramount+ is to launch in the UK and South Korea next month and will be in India next year, Paramount Global CEO Bob Bakish has revealed in the past hour.

A new “Jackass” series is in the works for Paramount+, with the show’s original creators working to create the new series, Paramount Global CEO Bob Bakish announced Tuesday.No other details were immediately available about the series or whether stars Johnny Knoxville and other original stars would be appearing on screen in the series. “Based off the success of ‘Jackass Forever,’ we’re working with the creators to continue the partnership with a new series, bringing even more ridiculous antics straight to Paramount+,” Bakish said Tuesday during the company’s Q1 earnings call.“Jackass Forever” opened in theaters earlier this year and made $80 million at the global box office.

Paramount+ added 6.8 million subscribers last quarter, as Paramount ended the period with 62 million global streaming subs.

the company, led by CEO Bob Bakish, posted revenue of $7.4 billion and adjusted EPS of $1.52, in part because CBS hosted the Super Bowl in early 2021. Paramount’s stock is down 1% in pre-market trading on the New York Stock Exchange following the results.

Brian Steinberg Senior TV EditorParamount Global said first-quarter profit fell as the company’s investments in content and declines in its traditional business offset gains it made in streaming.The owner of CBS, Showtime and Nickelodeon said revenue for the first quarter fell 1% to $7.32 billion, compared with $7.41 billion in the year-earlier period. Paramount was crimped by comparisons to the year-earlier quarter, which included the broadcast of Super Bowl LV.

Jennifer Maas TV Business WriterParamount+ and Showtime topped a combined 63 million subscribers at the end of the first quarter, Paramount Global revealed Tuesday. From that new total, 6.8 million are Paramount+ sub additions from Q1.That’s up from the combined 56 million subscribers that the company reported the streamers hit by the end of 2021.

Cynthia Littleton Business EditorParamount CEO Bob Bakish received total compensation last year of $20 million, a drop of nearly $19 million compared to 2020.Bakish took in $3.1 million in salary and another $16.8 million in bonuses.

Paramount Global CEO Bob Bakish made $20 million in 2021, a drop from when he made $38.9 million the year prior.Bakish’s pay was disclosed in an SEC filing on Friday for Paramount Global, formerly ViacomCBS. Bakish did not receive a bonus in 2021 or receive any new stock awards, and his total pay came from $3.1 million in salary and $16.8 from a non-equity incentive plan. Unlike other media conglomerates, ViacomCBS did not cut the salaries of its executives in 2020 as the pandemic took hold, though most of his earnings that year came from stock awards in what was ViacomCBS’ full first year.

Paramount Global is raising $1 billion in fresh cash through a bond sale expected to close March 29.

Rebecca Rubin Film and Media ReporterSteven Spielberg and Kate Capshaw have donated $1 million to support humanitarian relief in Ukraine following Russia’s unprovoked invasion.Through their philanthropy Hearthland Foundation, Spielberg and Capshaw have allocated the money to several organizations in and near Ukraine, including the Polish Red Cross, Polish Humanitarian Action, World Central Kitchen, Hebrew Immigrant Aid Society and Urgent Action Fund.After Russia’s attack on Ukraine displaced more than a million refugees, Hollywood heavyweights have committed to raising funds and awareness to help those in need. Earlier this month, Mila Kunis, who was born in Ukraine, and her husband, Ashton Kutcher, launched a GoFundMe campaign to raise $30 million to go toward relief efforts that help Ukrainian families.

Paramount Global is temporarily halting its operations in Russia and giving $1 million to support humanitarian relief for Ukraine.

Naman Ramachandran Paramount president and CEO Bob Bakish has revealed further steps to pause operations in Russia following its invasion of Ukraine and has announced a $1 million donation to support humanitarian relief. In an internal memo to staff on Tuesday, Bakish wrote: “Like many of you, I am closely following the devastating, unprovoked invasion of Ukraine.

Warner Bros Discovery, the company created by merging Discovery Inc. and WarnerMedia, and signed a new employment agreement through the end of 2027.

Bob Bakish, CEO of Paramount Global, took the floor for the first time publicly since the renamed company’s recent and not well-received Investor Day, touting streaming prospects but acknowledging, “We are going to have to prove that to you over time” – referring to Wall Street.