Viacom

“We Feel Great About Where Viacom Is Today,” CFO Wade Davis Tells Gabelli Conference

by Stuart Winchester, Viacom

NEW YORK, NY – APRIL 08: Viacom CFO Wade Davis attends the 2014 UJA-Federation of New York’s Leadership Awards Dinner at Pier Sixty at Chelsea Piers on April 8, 2014 in New York City. (Photo by Taylor Hill/FilmMagic)

“We feel great about where Viacom is today,” Viacom Executive Vice President and Chief Financial Officer Wade Davis told an audience of investors at the recent Gabelli Movie & Entertainment Conference. “From a fundamental standpoint, we think a lot of the strategies that we’ve been focused on and putting in place are paying off. … the first half of 2018, our fiscal 2018 is really a transition into delivering growth in the second half of 2018 and beyond, and we feel really good about that, focus 100 percent on delivering that.”

Here are a few more highlights from Davis’ remarks at the event. You can listen to the full event here.

Advanced Marketing Solutions and strong linear pricing are driving ad sales growth

“Pricing is incredibly strong right now in the linear market … So the growth is coming from what we call our Advanced Marketing Solutions portfolio or AMS [advanced addressable inventory and brand solutions]. So between those two areas – advanced addressable inventory where we’re activating new pools generally of non-linear inventory that are addressable in nature, and brand solutions – we have a portfolio business that as we’ve said publicly is going to approach $300 million this year. It’s really — it’s growing 40-plus-or-minus percent quarter-over-quarter, and we think that rate of growth will carry into 2019, and actually in the first part of 2019 accelerate.”

Growth comes over the top  

“So when you think about where Viacom is, we’re extremely well represented in the traditional distributor-led virtual MVPDs [multichannel video programming distributor]. That’s Sling, that’s DIRECTV NOW, and those are really the virtual MVPDs that matter. … We’d love to be on [Hulu and YouTube], we’re in discussions with those guys all the time. … And as we’ve gone through and stabilized our relationships with the traditional distributors, we’ve had a lot of success in getting ourselves very well positioned with respect to any virtual or OTT product that any of those traditional distributors will launch.”

Mobile is a global growth engine

“Mobile is a place where we’re significantly benefited by our global business. We made a lot of investments in bringing mobile bundles to market internationally. I guess we’ve announced at the moment five different partnerships that we have with mobile distributors around the world in which we’re licensing some form of bundle of our content into the mobile distributors. … And we’re in very advanced discussions with the three biggest operators in the United States, feel very good about where we’re positioned with them.”

Cornerstone networks in major international markets and mobile are driving growth outside the U.S.

“The [international] business is growing double digits, both top line and bottom line. … We operate in 180 countries. We have cornerstones in the biggest, most important markets, India and Asia, UK, which is the most attractive largest media market outside of the United States, and we’re the number one broadcaster in Argentina … And then there are some underlying trends that we think are different than the domestic market. … You do have a much more progressive mobile infrastructure [internationally]. As we said, a lot of these international markets, their principal Internet access is mobile and consequently their mobile offerings are a lot more mature. … And there’s also some of the same trends and tailwinds that we’re seeing in the SVOD [subscription video on demand] marketplace, domestically are starting to play themselves out globally.”

A “world-class team of operators” is transforming Paramount Pictures

“Every member of [Paramount Pictures’] senior management team except for the CFO is new. … We’ve completely overhauled all of the processes, the green light process, development process, global marketing, et cetera. So the business is running much more efficiently. We have a world class team of operators who bring new energy to the studio. … [and Paramount Television] should do about $400 million of revenue this year, and should, for the first time, be a contributor to operating income. It’s important to keep in mind that this is really still a startup. … it’s still in a growth phase, and we expect very, very strong double-digit growth on the revenue base above and beyond the $400 million that we expect this year.”

A “forever effort” transformation will save Viacom hundreds of millions of dollars

“…  when you think about our focus on margin enhancement, it really relates to efficiencies outside of content investment. So we’ve announced that we’ve undertaken a cost transformation effort. And for us, that’s not just a onetime restructuring. I think a lot of media companies and even Viacom historically would, from time to time, announce a restructuring in which they would write off some content, let some people go. But this is an effort that we view as a forever effort and something that’s part of the new culture that we’re trying to build. We have a team that’s a full-time team staffed focused on this. We’ve been very public about the amount of savings that we’re going to be able to deliver out of the current efforts being more than $100 million in the current year and in excess of $300 million in 2019 and beyond.”

A comprehensive reimagining of the content pipeline is connecting Viacom networks with their natural audiences

“The big issue for us and the big opportunity for us is bringing the focus that we’ve cited around our flagship six networks, being able to concentrate the spend where it matters most and being very precise about what the programming strategy and the brand promises for each of those brands. … So a good example of that is MTV which had historically been dabbling in very expensive scripted programming. That scripted programming is not programming that worked particularly well on MTV for MTV’s audience, and it consumed a ton of dollars for a very small amount of hours. Not enough hours to actually have MTV be a destination for high-end scripted dramas. So what we’ve done is we’ve concentrated our efforts around high-end scripted on the Paramount Network. As it relates to MTV it’s allowed us for really in some cases less money dramatically increased the amount of original programming that we have on the network, but most importantly, it’s programming that’s aligned with a vision that’s important to MTV’s audience.”

Volunteer Spotlight: Taryn Sauthoff Uses Tech Talent for Good

Editor’s note: Viacom’s partner, Catchafire, originally published the article below on Medium. The two organizations collaborate on the Talent for Good program, which creates opportunities for Viacom employees to put their skills to work in the community.

Taryn Sauthoff, a Viacom employee in New York, is the embodiment of Talent for Good at work. She applied her web development skills to help YoungMoms, a non-profit organization that supports pregnant and parenting young women in rural Pennsylvania, build a new website. Sauthoff completed the volunteer project in a few months and continues to collaborate with the organization.

The homepage of YoungMoms, which Taryn Sauthoff helped develop.

Below is an excerpt from her testimonial:

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Viacom Brands Win Five 2018 Cynopsis Social Good Awards

Viacom won five 2018 Cynopsis Social Good Awards for its civic-minded media focused on LGBT advocacy, disaster relief, and anti-bullying action, among other issues. Read about each campaign below.

Awareness Campaign/Initiative – Children’s Sector

Nickelodeon Creative Advertising – Nick SPLAT – Truth – Trivia

Cynopsis recognized Nickelodeon for Nick SPLAT Trivia, a partnership between the kids entertainment brand and nationally renowned smoking prevention organization Truth. Nick SPLAT Trivia, a lighthearted PSA in the form of a game show (complete with old-school 90s Nick graphics), educates young viewers on the ugly truth behind big tobacco.

Truth’s initiative is to get the millennial generation to take a stand against big tobacco and their profiling by using the Nick splat voice and audience.

Branded Campaign for a Digital, Broadcast or Cable TV Series

Comedy Central/Viacom Velocity – The Daily Show & Truth: Go Away Big Tobacco

On the adult front, Comedy Central’s late-night sensation The Daily Show With Trevor Noah aired a PSA, produced by Viacom’s in-house design agency, Velocity, illuminating the facts about big tobacco.

Awareness Campaign/Initiative – Human Rights

MTV – #EyesOnChechnya – Awareness Campaign/Initiative – Human Rights

MTV earned the Awareness Campaign/Initiative honor, for its social media campaign #EyesOnChechnya, a multifacteted marketing crusade that shed light on the horrific treatment of LGBT citizens in Chechnya, part of Russian. In Chechnya, gay and bisexual men are persecuted – rounded up and tortured for their sexuality. MTV is preventing the world from looking away while these atrocities continue. (You can visit the website  to learn more and take action).

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Nine Quotes From Viacom’s Code B.L.A.C.K. Executive Panel On Building A Successful Career

 

My parents were born in an era where there were no African-American astronauts or African-American women CEOs, but as a millennial, I am blessed to live in era where representation is constantly part of conversations.

When The Beat, Viacom’s employee resource group devoted to the African-American experience, hosted Code B.L.A.C.K.: A Panel of Black Executives as part of its wide-ranging Black History Month celebration, I was grateful to be able to sit in this room of insightful leaders:

Trudi Patrick, Moderator – Executive Assistant –Advanced Advertising

Kodi Foster Senior Vice President of Data Strategy

Nadja Webb – Senior Vice President and Deputy General Counsel of Business & Legal Affairs

Michael Armstrong – General Manager of BET Networks

Ericka Wright Tomlinson Vice President of Human Resources for BET Networks and Viacom’s Finance, Core Services, Marketing & Communications teams

While we discussed the challenges of corporate politics, we also joked about things like reading The Shade Room for news. Representation matters and being in a room with other people who care about seeing and hearing from black executives was just what I needed this Black History Month.

Overall, I learned a lot from these executives. Here are my 10 favorite quotes from the event:

Viacom employees at the Code B.L.A.C.K. executive panel. From L to R: Gerald Yarborough, Essence Dashtaray, Georgette Pierre, Trudi Patrick, Nadja Webb, Destiney Bishop, Michael D. Armstrong, Kodi Foster, Ericka Wright Tomlinson and Ezinne Kwubiri.

“In 2007, I had a boss who was a control freak and was very territorial over her work and typically gave me work to do and she would present it in meetings. An opportunity came to launch a huge project and present it to [former head of MTV] Judy McGrath. At the time of this meeting she was traveling. Despite the fact that I did all the work, she told me to postpone the meeting. I spoke to my mentor who encouraged me to present the project I had been working on. So, after going back and forth, I made the executive decision to present it. After presenting it in front of so many senior people, they complimented me and told me I’d lead the project. I thought I was going to get fired, but that was the pivotal moment that I decided that I would present it and ask for forgiveness later and it ended up working out. I could have been the quiet little black girl in the back or decided to step up and do it and I decided to just do it and after that project, I presented it, and ended up getting promoted, which led me to the position I am in now.” – Wright Tomlinson

“Working on Wall Street, I was working late one day. I happened to answer the phone in the area known as the pit, even though I usually don’t answer calls, but I ended up having to explain to a couple in Iowa why their life savings was gone. It was kind of heavy. I was a kid, looking at numbers on spreadsheets and not putting human beings behind the numbers. That was when it hit me, that I wasn’t doing something constructive to better the world, which I feel like we do here by delighting people with entertainment and I decided to change careers.” – Foster

“It took me a long time to understand that you have to have agency over your career. No one else is going to do it for you. I made a classic mistake of trying to always work hard and expect people to notice and lift me up and give me opportunities but it’s on you. You have to identify what you want. If you’re stuck, you have to first identify what you want or think you might like to do and second is to communicate that to the stakeholders involved.” – Webb

“I think being ‘stuck’ in your career is relative. There’s a difference between you’re stuck versus it’s just not your time. Some of us are ready for the next step almost immediately while others are in the same position for over 20 years. There has to be a level of self-examination. Appreciate where you are, are you achieving your goals, and if you’re ready for the next step and not because you think you deserve it. Determine what your ultimate goals are.” – Wright Tomlinson

“I think managing corporate politics is simple. While it can be difficult and political, the easy part is if you show up as your true and authentic self, you don’t have to remember when you’re faking it and when you’re being real. That doesn’t mean you don’t have to calibrate. Knowing the environment, you’re operating in, if you need to adjust your authentic self, the people around you will let you know.” – Armstrong

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Viacom Global Insights Digest: June 2018

by Christian Kurz, Global Consumer Insights, Viacom

Viacom’s latest consumer insights include global kids’ fearless attitude toward life, the benefits of social media for all age groups, young Americans’ disappointment in politicians, and from Australia stories on grand-parenting and kids’ happiness. As always, on our blog you can find these and all our stories in English, Latin American Spanish and Brazilian Portuguese.

With strong emotional support networks and broadening skill sets, today’s kids are courageous and resilient.
America’s next generation of voters feels disenfranchised – and plans to vote in November.
A new study reveals that grandparents in Australia cherish their role as caregivers, even though it can come at a cost.
The benefits of social media outweigh the drawbacks, according to our latest research.
Australian kids are happy, independent and resilient. Close relationships with family, friends and pets are the main source of their contentedness.

Team Viacom Marches to Stomp Out AIDS

Here’s a shocking statistic: one in five new HIV infections is among people ages 13 to 24.

These are the same young people at the heart of so much of Viacom’s programming. On Sunday, May 20, Viacom showed that it is caring, giving, walking, and fighting to battle this epidemic by participating in AIDS Walk New York, the largest single-day AIDS fundraising event in the world.

The team, 50-strong and the driving force behind more than $10,000 in donations to AIDS Walk NY (proceeds will benefit GMHC and dozens of other local HIV/AIDS service organizations), rallied prior to the walk alongside other top corporate sponsors in the so-called “gold section,” a segment reserved for the top fundraising teams, which Viacom has been a part of for several years.

After a team photo, we joined thousands of other walkers in the 10-kilometer march through Manhattan’s Central Park. It was nothing short of spectacular. Sporting this year’s red T-shirt, Team Viacom marched, jumped, and cheered together, standing out in a sea of 20,000 other passionate walkers beneath 80-degree sunshine and clear skies. We waved two large Viacom flags as cheerleaders clutching megaphones called out the company name. Volunteers handed out water, granola bars and chips at stations along the route, which was a giant loop through the hills of green and blooming Central Park. With music booming from the sidelines, Team Viacom moved and grooved all the way to the red-and-white-balloon-laden finish line.

Team Viacom makes its way through New York City’s Central Park during the 2018 AIDS Walk.

The efforts were well worth it. Despite groundbreaking new treatments and developments, HIV/AIDS is not a thing of the past. In fact, New York leads the nation in the number of new HIV cases. More than 100,000 New Yorkers have died from AIDS-related causes, while another 108,000 are living with HIV/AIDS – 20 percent of them do not know they are infected.

While HIV/AIDS affects people of every background and demographic, it disproportionally strikes certain groups: black females live with an HIV diagnosis at a rate 13.8 times higher than that of white females, while 77 percent of new HIV diagnoses and AIDS-related deaths in New York City were among African-Americans and Hispanics in 2016.

This breadth of this impact inspired Team Viacom to rally across brands, employee resource groups, and network talent to gather support for AIDS awareness and prevention. Employees across all New York offices and their families, friends, current and former colleagues were welcome to sign up, donate and walk with the team.

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Viacom Forges Global Content Machine, Reinforcing Growing Premium Business

by Stuart Winchester, Viacom

Viacom’s rapidly growing international division has united two Latin American content powerhouses with its Viacom International Studios (VIS) production unit, transforming the studio into a global content machine with development, production and distribution capabilities. A number of SVOD, pay TV and free-to-air distribution deals will accompany the expansion, which complements and bolsters Viacom’s burgeoning premium content business.

The combination folds the production capabilities of wholly Viacom-owned Argentinian giant Telefe and majority-owned Brazilian comedy brand Porta dos Fundos under the same umbrella as the Miami-based studios that churn out Latin American content for Nickelodeon, MTV, Comedy Central and other Viacom brands.

“Since combining our production and sales forces last year after the acquisitions of Telefe and Porta dos Fundos, our focus has been on creating the highest-quality Spanish- and Portuguese-language content and expanding our distribution beyond Latin America, making the new Viacom International Studios a true global player in Latin American original content,” said VIMN Americas President Pierluigi Gazzolo. “With more than a decade of producing original, hit content for the Viacom brands, and expertise and content delivered through our acquisition of Telefe and investment in Porta dos Fundos, we are growing the reach of our product and client base with SVOD players, MVPDs and broadcast partners around the world. These partnerships are testament to the power of our brands and strength of our original productions.”

Viacom International Studios held a preview of upcoming content for new clients in May, shortly after Viacom announced the formation of the upgraded entity.

The reformulated VIS will inject global scale into many formerly regional properties, unlocking potential for high-quality content to reach a far larger audience. Fox Networks Latin America, for example, will distribute Telefe’s thriller movie Animal (from Oscar-winning screenwriter Armando Bo), on digital and linear platforms across the region, while Netflix will air the Comedy Central-Porta dos Fundos co-produced Borges in Latin America. Nickelodeon and Italy’s Rainbow Group will co-produce the 60-episode Club 57 time-travel epic, with VIS handling global distribution and Rainbow Group retaining rights in their home country.

Viacom President and CEO Bob Bakish hinted at the potential of distributing local content across worldwide channels at the recent MoffettNathanson Media & Communications Summit in New York City.

“But those local cornerstones are not only about our strength in those particular markets, but they’re also content engines more broadly, and one of the things you’re going to see that you haven’t really seen yet is our Telefe asset becoming a major producer of novela product for the world,” he said. “We’re going to be distributing about 700 hours globally, that’s not something that Telefe used to do. It’s something I’m very excited about.”

This ramping up of Spanish- and Portuguese-language content production with studios in Miami, Buenos Aires and Rio de Janeiro will act as a powerful international complement to Viacom’s burgeoning premium content capabilities under Paramount Pictures’ Paramount Television production studio. Behind hits such as USA Network’s Shooter, Netflix’s 13 Reasons Why, and TNT’s The Alienist, Paramount Television has grown from nothing just a few years ago into a sought-after production hub with anticipated revenues of $400 million in 2018 alone.

“We’ve Made a Lot of Progress at Viacom” – CEO Bob Bakish Touts Achievements at MoffettNathanson

by Stuart Winchester, Viacom

Growing viewership, building new management teams, finding efficiencies, delivering content on next-generation platforms. Viacom President and CEO Bob Bakish sat down with Michael B. Nathanson at last week’s MoffettNathanson Media & Communications Summit in New York City, where they discussed these and other ways that Viacom is strategically positioning itself to thrive in a rapidly evolving media landscape.

“I fundamentally believe we’ve made a lot of progress at Viacom in the last year or so,” Bakish said. “That starts with having a plan and laying it out for our teams, our employees, and quite frankly, the rest of the industry and the financial community. … For the last couple of quarters, we’ve seen consistent share growth, including in the last quarter. And in fact, we’re seeing improvement relative to last quarter and the current quarter we’re in. So that’s clear progress.”

Additional highlights from the conversation are below. Listen to the full exchange here.

Next-generation platforms and solutions are driving a huge potential growth market for Viacom

Viacom Digital Studios, announced late last year and launched in earnest at the recent Newfronts in New York, is just getting going, but has already stoked strong digital consumption, with video views up 110 percent year-over-year last month. This is just one part of a broad suite of digital initiatives – from vMVPD (virtual multichannel video programming distributor) distribution over Sling and DIRECTV NOW to deals with Telfonica (across Latin America), Telkomsel (Indonesia) and other mobile providers – that is positioning Viacom to evolve with its increasingly digital-first fanbase.

“So when we talk about next generation, we’re talking about vMVPDs. We’re talking about OTT (over the top). We’re talking about sort of AVOD (audio/visual on demand), in front of the wall, social, et cetera. And we have initiatives going in all of those spaces. And the reason we’re in all of those spaces is we believe that’s a very powerful complement to what we’re doing in the traditional space and is critical to driving growth.”

New management is driving ratings growth across the core television business

MTV is riding an unscripted boom to 10 straight months of ratings growth under network President Chris McCarthy, while ratings are up at BET behind a scripted programming push and at Comedy Central as Trevor Noah solidifies himself as a major voice in late-night.

“So, I feel good about our trajectory there, and in fact, again, when you met with advertisers and we did dinners with each of the agency holding companies over the last three weeks or so … what we typically heard … was, ‘wow, you guys made a lot of sort of promises and commitments when we saw you last year … And we were somewhat skeptical but it’s really incredible how far you’ve come and seeing these brands and we’re very excited about your upcoming slates,’ as are we, by the way,” Bakish said.

Paramount Pictures’ new management team is turning the studio around…

Under Chairman and CEO Jim Gianopulos, the iconic movie studio has installed a new management team and reoriented its slate so that half of its films are co-branded with Viacom’s media networks. With A Quiet Place – the first film produced, marketed and distributed under the new team – rolling out to more than $300 million in worldwide box office receipts (so far), on a $20 million budget, the studio has plenty of momentum moving into the summer.

“And if you look at Paramount, we have a plan that management is totally bought into that is about, that addresses some of our historical problems and our historical problems were a slate construction that didn’t make sense, was not balanced, didn’t leverage the assets Viacom had and then frankly poor execution,” said Bakish “… look at the branded films, the first one in this kind of era is going to be a BET film shot by Tyler Perry [starring Tiffany Haddish] … That’s a film that we made at a very attractive price point, and it’s going to benefit from the BET brand, and that’s why Tyler came and left a perfectly good existence at Discovery and Lionsgate to unify his content output with Viacom … So we are going to rapidly take share, it’s going to be profitable share and we’re going to combine that with our television business and that’s going to take us back very quickly to a very nice business.”

…while the Paramount TV production studio evolves into a premium content force

With 19 network projects in the pipeline and hits such as Netflix’s 13 Reasons Why and TNT’s The Alienist stamping the studio’s premium content credentials, Paramount Television is expected to deliver $400 million in fiscal 2018 revenue.

“When suddenly Viacom split with CBS, the TV production went with CBS and therefore we had a kind of naked film-only studio, which is not a good place for a studio to be because very lumpy,” Bakish said. “Television tends to kind of flatten out the volatility year-to-year, as well as, of course add value. … Paramount is rapidly being appreciated as a place that makes hits in television too.”

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Viacom Takes Five Outer Critics Circle Awards, SpongeBob Leads Musicals with Four

by Stuart Winchester, Viacom

After securing 12 Tony Award nominations apiece last week, SpongeBob SquarePants: The Musical and Mean Girls have each clinched at least one Outer Critics Circle Award.

The Nickelodeon production, which plants the network’s iconic anthropomorphic sponge in the middle of his first Broadway caper, took four awards – more than any other musical – including top honors for best new musical. Paramount Pictures’ and Broadway Video’s co-produced Mean Girls, based upon the 2004 movie of the same name, earned an additional honor, bringing Viacom’s total Outer Critics Circle count to five.

The announcements come as Viacom moves more deliberately into the live event space, translating its brands’ beloved characters and stories into immersive experiences that transcend the screen.

Here are the categories in which the Outer Critics Circle judges awarded top honors to Viacom’s Broadway musicals:

SPONGEBOB SQUAREPANTS THE MUSICAL

  • Outstanding New Broadway Musical
  • Best New Score – Jonathan Coulton, David Bowie and Brian Eno, Plain White T’s, T.I., Domani Harris, and Darwin Quinn, Brendon Urie of Panic! At the Disco, Alexander Ebert of Edward Sharpe and the Magnetic Zeros, Cyndi Lauper and Rob Hyman, Yolanda Adams, The Flaming Lips, Sara Bareilles, Steven Tyler and Joe Perry of Aerosmith, Lady Antebellum, John Legend, They Might Be Giants, Andy Paley and Tom Kenny, Derek Drymon, Mark Harrison, Stephen Hillenburg, and Blaise Smith, and Tom Kitt
  • Best Actor in a Musical – Ethan Slater
  • Best Director of a Musical – Tina Landau*

Danny Skinner as Patrick Star and Ethan Slater as SpongeBob SquarePants. Photo by Joan Marcus, 2017.

MEAN GIRLS

  • Outstanding Book of a Musical – Tina Fey

Broadway awards season is just ramping up – both musicals are still eligible for multiple honors from the Drama Desk Awards, which will announce its winners on June 3, and the Tony Awards, which will air live on CBS on June 10.

*Tied with Bart Sher, My Fair Lady

Viacom Launches Digital Studios at First NewFront, Ramping Up Online & Mobile Content Pipeline

by Stuart Winchester, Viacom

Laugh with Majah Hype, wake up with Nikki Glaser, cook with Snooki, get animated with JoJo – and do it all on your phone.

Viacom Digital Studios (VDS) is here, poised to deliver hundreds of hours of premium digital content that will transport digital native stars from BET, Comedy Central, MTV and Nickelodeon to the social and mobile platforms where their fans live.

This was the headline of Viacom’s spectacular first NewFront event earlier this week at Manhattan’s Chelsea Piers, where the company marched confidently into the digital realm by detailing dozens of new short-form properties to feed its massive online social footprint of more than 850 million fans, elaborating on new content deals with Snap and Twitter, and announcing an expansion of its recently acquired VidCon conference to London this February.

“The launch of Viacom Digital Studios is an amazing opportunity to reimagine our iconic brands for a new generation of young, mobile-first audiences,” said VDS President Kelly Day. “We’re bringing the power and scale of Viacom’s global content engine and storytelling capabilities to entertain and engage our fans whenever and wherever they’re consuming content.”

VDS has been steadily ramping up since Day joined Viacom late last year, jolting year-over-year social video views and minutes viewed in the U.S. upward by 70 (to 4.3 billion) and 78 percent (to 4.7 billion), respectively.

The digital studio is a lynchpin of Viacom CEO Bob Bakish’s revitalization plan, as the company moves deliberately to expand its core television business onto next-generation platforms.

“… if you can think about all the time spent on mobile and all those devices out there, I think you quickly realize what a powerful growth engine that will be for our business,” Bakish told a crowd of investors at the Morgan Stanley Technology, Media & Telecom Conference in March.

While Viacom’s digital content will run across YouTube, Facebook, Instagram, and other channels, the company’s NewFront highlighted new global original content deals with Snap Inc. and Twitter.

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