Less than two weeks after reporting fourth-quarter and full-year 2017 earnings headlined by year-over-year revenue gains built on strong partnerships and improving ratings, Viacom President and CEO Bob Bakish appeared on CNBC this morning to further underscore the company’s recent successes and positive long-term trajectory.
“You look at ’17, and I’m really happy with what we’ve accomplished,” Bakish told CNBC’s Julia Boorstin. “We rolled out this notion of flagship brands, which is about prioritization and multiplatform expression; we grew ratings and our ratings had been declining; our ad sales business went from minus eight in the quarter I took it over to flat last quarter, and that’s a big improvement; our distribution relationships, we said we were going to broaden them and bring more value to the table, and we did exactly that, and along the way renewed or extended half the sub-base; we moved the needle on content and IP, including doing some cross-house deals.”
There is still a lot of work to do, Bakish acknowledged, as he outlined the reasons for his optimism. “At the core, what Viacom is, is it’s a company of passionate content entrepreneurs that are expert in creating, producing, packaging and monetizing content on a global basis.”
Bakish also pointed to Viacom’s deep content library and novel partnerships arrangements – such as the company’s recent Charter renewal that included co-production of original content and collaborations around advanced advertising – as factors likely to contribute to the company’s long-term growth.
“Content is at the center of virtually every conversation,” Bakish said. “And content is what Viacom is.”