Paramount Global at Morgan Stanley Technology, Media & Telecom Conference Transcript

Mar 08, 2023 / 04:00PM GMT
Benjamin Daniel Swinburne - Morgan Stanley, Research Division - MD

All right. Good morning, everybody. Welcome to Day 3 of Morgan Stanley's TMT Conference. I'm Ben Swinburne, Morgan Stanley's media analyst. For important disclosures, please see the Morgan Stanley research disclosure website. If you have any questions, reach out to your salesperson.

Really excited to kick off today with Bob Bakish, President and CEO of Paramount Global. Bob, thank you so much for being here.

Robert Marc Bakish - Paramount Global - President, CEO & Director

Great to hear, Ben.

Benjamin Daniel Swinburne - Morgan Stanley, Research Division - MD

Absolutely. So I want to organize our conversation around sort of 4 main topics with you. The first is around direct-to-consumer and in particular, the momentum around Paramount+. Second, content spending and sort of the path to direct-to-consumer profitability over time. Third is the ad market. And then lastly, wrap up with sort of the balance sheet and some capital allocation.
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