Paramount Global's (PARA) Management Presents at MoffettNathanson Annual Media & Communications Summit (Transcript)

May 19, 2022 3:55 PM ETParamount Global (PARA), PARAA, PARAP2 Comments
SA Transcripts profile picture
SA Transcripts

Paramount Global (NASDAQ:PARA) MoffettNathanson Annual Media & Communications Summit May 19, 2022 10:00 AM ET

Company Participants

Naveen Chopra - CFO

Conference Call Participants

Unidentified Analyst

Naveen, first time, we really appreciate your appearance today. So thank you.

Naveen Chopra

Thanks for having us.

Question-and-Answer Session

Q - Unidentified Analyst

So it will be Robert and I tag teaming you. I thought, because it's your first time and we've never met face-to-face, we want to hear more about your own history to start, right? So you came two years ago from Amazon to a company formerly known as ViacomCBS. What did you see as the opportunity at that time? And how has that decision played out since you made that jump?

Naveen Chopra

Well, I really just wanted to get an early look at Top Gun. That was my primary motivator.

Unidentified Analyst

And Masters Tickets.

Naveen Chopra

I still haven't done that one. In all seriousness, most of my career has been spent somewhere in this intersection of media and technology. And that typically means that you're sort of on the forefront of changes in viewing behavior, consumption patterns, et cetera. And what I learned in all of those experiences was that the people who seemed to be capturing the most value in all those transitions were the people who owned content.

And even during my time at Amazon, where you got a company that has tremendous resources, there was still not the ability to create the content assets that you have with a large-scale diversified media company. Sure, we could write some checks and we could make a handful of scripted series, but there was no library, there were no theatrical movies, very limited sports, there's no franchises, no kids content.

And so for me, when the opportunity arose

Recommended For You

Comments (2)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.