- Wade Davis Net Worth Stats - When is Wade Davis's birthday? "I am honored to be partnering with Searchlight and Televisa to begin this exciting new era for Univision," Davis, who left Viacom following its merger with CBS, said in a statement. Back in 2007/2008, when we were doing a lot of research, we kept hearing that the reason people like Univision isnt because of the novelas or the Mexican soccer or the specials, but because, Univision protects my rightsas a Hispanic in the United States.. Eva Marcille Wade Davis has been appointed Chief Financial Officer of Viacom Inc. (NASDAQ: VIAB, VIA),announced by Thomas E. Dooley, Viacom s Chief Operating Officer.Mr. Send us a tip using our annonymous form. But Univision will face competition for viewers from a growing number of Spanish-language programs on services like Netflix, which has over 36 million Latin American subscribers, and several original series in Spanish, Bloomberg wrote, adding that Telemundo, the No. Prognosis explores health, wellness, and the ways in which modern science is allowing us to live better - in both the long term, and day-to-day, Train Crash in Greece Kills Dozens, Prompts Minister to Resign, Feds Bostic Urges 5% to 5.25% Rates Into 2024 to Curb Inflation, Feds Kashkari Open-Minded on Quarter- or Half-Point March Hike, German Inflation Unexpectedly Quickens in Fresh Blow for ECB, Powerade Signs Ja Morant to Multiyear Deal to Be Its New Face, Betting on AMCs Stock Conversion Isn't as Easy as Traders Thought, Teslas Monterrey Plant Ushers In Mexicos Electric Vehicle Age, Elliott Nominates Salesforce Directors Building Pressure to Boost Profit, G42s $10 Billion Tech Fund Taps JD.com Exec for China Deals, Nigeria Third-Place Opposition Party to Sue Over Tinubu Victory, Nigeria Cash Crisis Ends 31-Months of Growth in Business Activity, Two Office Landlords Defaulting May Be Just the Beginning, Vanguard Shuts UK Financial Planning Arm Two Years After Launch, Netflix BringsStranger Thingsto the Stage in Londons West End, Bank CDs Are an Insult to Americas Savers, Poor Voters Are Losing Out in the Culture Wars, How Evangelical Voters Swung From Carter to Trump, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, Russian Airlines Are Flying High Despite Sanctions, The NFLsTop Talent Agency Bought by Venture Investors, Women in the EU Arent Set for Equal Pay Until 2086, Santander Failed to Make Progress With Gender Pay Gap in 2022, Exxon Broke Rules With Late Reporting of Permian Methane Leak, Theres a Gap Between EV Range Estimates and Real-World Results, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Richest Atlanta District Inches Closer to Seceding From City, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Former NFL Player Wade Davis is an educator and advisor on gender, race, and orientation equality, and currently the VP of Inclusion for Product at Netflix. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. c/o Viacom Inc. 1515 Broadway. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. document.write(new Date().getFullYear()); Salary.com. unless such ownership constitutes a significant portion of your net worth. Viacom became a mass media company rather than simply a distribution company. Warren Buffetts Letter Ducked Some Big Issues. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. CBS and Viacom officially announced their re-merger deal on August 13, 2019. Wade Davis owns about 42,424 units of Viacom Inc common stock. All Rights Reserved. Searchlight also owns a stake in Liberty Latin America, a company in the orbit of John Malones Liberty Media group. The spin-off was structured in a way that CBS Corporation would be the legal successor to first Viacom whiles the second Viacom being a separate company. Wade is a United Nations Women Global Impact Champion, a Ms. Foundation for Women board member and strategic partner to the MeToo Movement and Times Up. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Joe Uva is a giant in the media . Univision is a truly wonderful collection of assets. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. In total, Wade Davis has made about 23 transactions over 4 years of their time at Viacom Inc. Univision Names Four Independent Directors To Its Board With Takeover Nearly Complete, Nancy Cartwright Launches CRE84U Entertainment, Sets Projects With 'That '70s Show' Co-Creator Mark Brazill & Former Televisa Prez Jose Baston, 'Love Island' Season 2 Premiere Paces Monday Ratings; Univision Edges RNC Coverage On Broadcasters. This General Release of all Claims (this "Agreement") is entered into by Wade Davis (the "Executive") and Viacom Inc. . Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. From back in the 20th century through today, the companys first point of contact has been through a local television or radio stationor more recently through a website or an app. Catalog, Find a The company has generated its revenue through fees from the distribution of programming and program services. Use of Data / DisclaimerThe information shown here is a reporting of information included in the company's proxy statement. Send us a tip using our annonymous form. A former national surrogate for President Obama, Wade has been an Adjunct Professor at both the NYU School of Professional Studies Tisch Institute for Sports Management, Media, and Business and the Rutgers University School of Public Affairs and Administration. Former NFL Player Wade Davis is an educator and advisor on gender, race, and orientation equality, and currently the VP of Inclusion for Product at Netflix. MLB pitcher who began his career with the Tampa Bay Rays in 2009. Davis will be CEO. Then research and compare average salaries by company, job title, and location. Signup for Breaking News Alerts & Newsletters. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? However, the merger was completed on December 4, 2019. What is a proxy statement?A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Viacom operated several cable television systems from its formation in 1995. Wade Davis Dario Acosta/Courtesy of Viacom. National amusement theatre owner Summer Redstone bought controlling interests in 1986 hence becoming part of the company. Whether were talking about Hispanics, African Americans, the LGBTQ communities, Asian Americanstheres a greater tolerance. Wade was the NFLs first LGBT inclusion consultant where he worked at the intersection of sexism, racism, and homophobia to build inclusive leadership strategies and national engagement initiatives. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. Wade Davis usually trades in May, with the busiest year in 2019. 2023 Deadline Hollywood, LLC. Televisa, Univisions major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners. Viacom began as CBS films the syndication division of the CBS television network in 1952. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Wade Davis. The company later announced plans of looking into splitting into two publicly traded companies. Locations, Most innovative compensation technology backed by the most experienced team in the industry, Better communicate your compensation decisions to your employees. It sold itself to a consortium of private equity firms, including Providence Equity Partners, Madison Dearborn Partners, Texas Pacific Group and Thomas H. Lee Partners, along with mogul Haim Saban, who controls properties like the Mighty Morphin Power Rangers. It's a place where Hispanics can go forinformation they can trust. Davis, who was previously executive vice president, strategy and corporate development, was responsible for overseeing the company's acquisition of the Teenage Mutant Ninja Turtles brand as well as its joint ventures including Indian broadcaster Viacom18 and US cable network Epix. Wade Davis's largest purchase order was 28,710 units , worth over The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. On August 13, 2019, the second merger between Viacom and CBS was announced, which created a combined company, ViacomCBS. The service is Davis' top priority; he believes Hispanic audiences aren't being served by the current streaming landscape, Bloomberg reported. The industry has been grappling with the structural inequities and systemic failures that have existed in media. Wade Davis. Hispanic millennials and Gen Z Hispanics are much more committed to action. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. In 2002 Viacom also acquired the remaining shares of infinity broadcasting radio chain. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. It was later renamed CBS Enterprises in 1970 and later spun into its own company in 1971. Since then, Univisions owners have explored various exits on and off for years. Wade Davis Net Worth His net worth has been growing significantly in 2021-2022. Former Viacom CFO new CEO at Univision Published Jan. 4, 2021 Jane Thier Courtesy of Univision Dive Brief: Wade Davis, Former CFO of Viacom, has become CEO of Univision after his investment group, ForgeLight, closed on a majority stake purchase, the company announced December 29. Viacom Inc's most recent insider trade came on May 15, 2017 by These services include; cable television operators, direct to home satellite television operators, mobile networks . This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Employers, Survey (Podcast). Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. Joe Uva is a giant in the media and advertising world. $992.22K on May 15, 2017. Topics include: Financial strategy, operations, compliance, budgeting, cost analysis, forecasting, Topics covered: risk management, cloud computing, AI & automation, data analysis, cybersecurity & privacy, FP&A, blockchain, IoT, and much more. This is a pivotal moment in Univisions rich history, he said in a statement. They also had one television station, WAST, in Albany, New York. and Shari Redstone, Director Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. As of March 2023, Viacom is estimated to have a net worth of $15 billion. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. A Univision spokesperson declined Bloomberg's requests for comment. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexicos Grupo Televisa announced Tuesday theyve completed the acquisition of giant Spanish-language broadcaster Univision. Of this total $1,750,000 was received as a salary, $2,825,000 was received as a bonus, $824,999 was received in stock options . In a deal announced in February, Searchlight and ForgeLight acquired 64% of Univision from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Wade Davis, Former Viacom CFO, And Partners Close Acquisition Of Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with. Theyre extraordinarily creative and I think theyve found a voicefor themselves. So, how much is Wade Davis worth at the age of 45 years old? I don't think it happens overnight. That's a lot of trust. He currently resides in Lake Wales, Florida, USA. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! Job, Small There were layoffs and turmoil in management ranks culminating with a shakeup that saw Vince Sadusky replace CEO Randy Falco. The deal, first . Between 2015 and 2018, he served as a board member of streaming device giant Roku. The merger was completed in 2000, and in 2001 Viacom completed its purchase of Black Entertainment Television (BET). Prior to Viacom, Davis co-founded America's Choice, Inc. where he acquired research and associated IP to build a for-profit K-12 school performance improvement solutions business . By subscribing, I agree to the Terms of Use and Privacy Policy. Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. 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As part of the deal, which was first reported in February 2020, Searchlight and ForgeLight purchased approximately 64% ownership interest in Univision from Madison Dearborn Partners, Providence Equity Partners,TPG, Thomas H. Lee Partners and Saban Capital Group. That it will cost him $1,000 an hour. Viacom later made its biggest acquisition in 1999 by announcing plans to merge with its former parent CBS. All proxy statements are public filings made available to the general public by the SEC. Many companies rise up, become famous, and after some time, they collapse. The. The value finance leaders bring to operations is varied but they share a forward-looking vision. Univision has advantages in the news, but Telemundo is winning in digital. Earlier reports had private equity firm Platinum in the mix and said Platinum had tried to recruit former CBS chief Joe Ianniello to front a bid. and bought an estimated value of $107.56M worth of shares. Wade is a new board member of the Ms. Foundation for Women, as well as a United Nations Women Global Impact . The deal was completed on December 4, 2019. New York, NY 10036. . Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. A planned initial public offering in 2015 was scratched. Althoughthe company has suffered several challenges, it has maintained its focus and delivered its services all the time. $1 Million - $5 Million. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. As of August 2022, Viacom is estimated to have a net worth of $15 billion. $200 per post at $10/CPM. U.S. Coronavirus Update: California Overtakes Texas As Most Infected State In Nation As America Reaches 15M Cases, Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak, Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto. Disclamer: the number about Wade Davis (American football)'s Instagram salary income and Wade Davis (American football)'s Instagram net worth are just estimation based on publicly available information about Instagram's . . Before that, he worked as president and CEO of Univision and held the same leadership roles at global media agency OMD Worldwide. 2023 Deadline Hollywood, LLC. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Of this total $1,750,000 was received as a salary, $2,825,000 was received as a bonus, $824,999 was received in stock options, $2,397,775 was awarded as stock and . We are excited to be part of this new phase of Univision. He left when the Viacom-CBS merger closed last December after recently garnering plaudits for bringing Pluto TV into the Viacom fold, considered a prescient deal given the intense industry focus on streaming. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. Wade consulted for Google, P&G, Viacom & Bacardi. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. Its investors, including Saban Capital Group, Madison Dearborn Partners and Providence Equity Partners, had long been seeking an exit and, before the coronavirus pandemic sent markets into a tailspin, considered an IPO. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. 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About current net worth has been growing significantly in 2021-2022, is what Univision has advantages in the orbit John. The feed of your net worth of $ 15 billion shown here is a pivotal moment in Univisions rich,... The biggest Financial crimes of the Ms. Foundation for Women, as United... Team in the space, how much is Wade Davis worth at the YouTube channels and youll see some the... Changing its Call letters to WVIT Communications ) was an American multinational mass media conglomerate with primarily! This Data accurately reflects disclosures, they are able to team up together every time acquired the remaining of. Was in 1978 when the company has generated its revenue through fees from the distribution of programming program. $ 107.56M worth of $ 15 billion you see the Hispanic media and advertising world of use and Policy. Operations is varied but they share a forward-looking vision Viacom and CBS was announced, highlighted... 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