variety.com
04.05.2023 / 13:41
Bob Bakish Says Paramount Global Is Prepared for Ongoing Writers Strike: ‘We Have a Lot in the Can’
Jennifer Maas TV Business Writer Paramount Global CEO Bob Bakish addressed the writers strike during Paramount’s Q1 earnings call Thursday, stating that writers are “an essential part of creating content” and “we hope we can come to a resolution that works for everyone fairly quickly.” However, the Paramount chief added, “it’s also fair to say there’s a really big gap.” “Obviously, we’ve been planning for this, we do have many levers to pull and that’ll allow us to manage through the strike, even if it’s for an extended duration,” Bakish said. “In terms of those levers, we have a lot in the can, so to speak, content in the can. So with the exception of things like late-night, consumers really won’t notice anything for a while. Add to that a broad range of reality, unscripted, where we’re definitely a leader, as well as sports, and that’s not effected, so we can do more in those areas, if necessary.”