Michael Crotty

Michael Crotty Email and Phone Number

Chief Operating Officer and Chief Financial Officer @ New York, NY, US
New York, NY, US
Michael Crotty's Location
New York, New York, United States, United States
About Michael Crotty

TRANSFORMING BUSINESSES & DRIVING REVENUE GROWTH, PROFITABILITY & INNOVATIONAccomplished high-impact C-Suite leader with over 25 years of deep expertise within the digital, media, direct-to-consumer, streaming and entertainment industries in both corporate and start-up environments. Reputation for making investments and leading transformational strategies to build and grow diversified revenue streams while ensuring sustainable profitability. Results-focused change agent and highly effective leader of teams across organizations in various stages of growth. Possess strong emotional intelligence and a dynamic collaborator bridging organizational misalignments that impede business progress. Passionate and experienced leader of DE&I initiatives. Experience in raising capital, buying and selling organizations, and managing relationships to Boards and investors.Go-To-Market Strategy | Talent Development | Business Growth | Organization and Operating Model Design Negotiations | Board and Investor Management | Content & Programming Strategy | Leadership Financial Acumen | Effective Communications | Transformation Storytelling | Diversity & Inclusivity Languages - Spanish, English

Michael Crotty's Current Company Details
Paramount Global Premium Group (Showtime Networks, BET Networks, Paramount TV St

Paramount Global Premium Group (Showtime Networks, Bet Networks, Paramount Tv St

Chief Operating Officer and Chief Financial Officer
New York, NY, US
Michael Crotty Work Experience Details
  • Paramount Global Premium Group (Showtime Networks, Bet Networks, Paramount Tv St
    Chief Operating Officer And Chief Financial Officer
    Paramount Global Premium Group (Showtime Networks, Bet Networks, Paramount Tv St
    New York, Ny, Us
  • Paramount Global Premium Group (Showtime Networks, Bet Networks, Paramount Tv Studios, Bellator Mma)
    Chief Operating Officer & Chief Financial Officer
    Paramount Global Premium Group (Showtime Networks, Bet Networks, Paramount Tv Studios, Bellator Mma) Jan 2022 - Present
    New York, New York, United States
    Reported to the Chairman & CEO of Showtime Networks and CFO of Paramount Global (NASDAQ: PARA) to oversee the financial operations of both Showtime Networks and Black Entertainment Television (BET) Networks. Quickly promoted to Chief Operating Officer of Showtime and the overall Paramount Premium Division which included Paramount Television Studios, BET Networks and Bellator Mixed Martial Arts (MMA) Group.• Grew SHO streaming subscribers by 250% over 3 years in a hyper-competitive media environment.• Transitioned SHO subscriber base to majority streaming while growing Y-O-Y revenues, maintaining award winning global content and industry leading profitability.• Managed first-in-class Showtime Product and Sales teams and integrated them to determine more effectively, measure and track KPIs and accomplish streaming and investment goals.• Oversaw each investment decision (content, rights, marketing, technology, people) and financial management of $4B+ revenue stream spanning: direct-to-consumer and partner subscriptions, linear & digital advertising, global content sales & licensing; and experiential revenues across several brands.• Led strategy and investment decisions that grew and diversified BET and Paramount Television Studios revenue streams by capitalizing on global digital streaming growth; launched BET+ and grew it to millions of streaming and direct-to-consumer subscribers and several hundreds of millions of dollars in annual revenue.• Executive Chair of Paramount Global Hispanic ERG Group (SOMOS ~1400 Members); Co-Chair and Founding Member of Paramount Finance Diversity Group (~2000 Employees); Prominent Member of GIAC (C-level Global Inclusion and Advisory Committee); CableFax 2022 Executive Diversity List Honoree; Imagen Foundation 2022 Influential Latinos Honoree.• Recruited aggressively and restructured many functional areas across various divisions for optimal performance and cost efficiencies in a newly merged entity.---
  • Paramount
    Executive Vice President, Chief Financial Officer (Showtime Networks Inc., Bet Networks)
    Paramount Mar 2020 - Jan 2022
    New York, New York
  • The Players'​ Tribune
    Chief Financial Officer, Head Of Operations
    The Players'​ Tribune Jul 2016 - Mar 2020
    Greater New York City Area
    Served as a hybrid CFO/COO to lead the growth and scale up of the start-up post Series A funding. Led the acquisition and integration of Unscriptd, a global sports technology platform founded in Australia. Led the sale and successful exit of TPT to Minute Media, a global technology and digital content platform with plans to IPO.• Grew staff of 27 to 120 in NY, LA, UK, AU over 4 years; built $6M in singular revenue stream to $25M annually and across diversified business lines in Advertising, Licensing, Original Production & Events.• Promoted within 2nd year, to oversee P&L responsibility and spearhead the entire commercial side of the business focused on revenue growth, content strategy, operational margin improvement, client renewals, establishing distribution partnerships and creating sustainable sales packages in digital Video, Editorial, Audio and Social products.• Built from scratch and oversaw a team of 50 across 8 departments: Sales & Marketing, Editorial & Production, Commerce, Operations, Talent Procurement, Corporate Strategy, Legal, Finance and HR.• Designed all strategic plans, operational business plans, KPI development and process infrastructure.• Successfully raised a total of $75M of capital over 3 years from various institutions and investor classes (Venture Capital, Mezzanine Debt and Traditional Debt)• Managed all Board and Investor relations.---
  • Showtime Networks Inc.
    Senior Vice President, Affiliate Finance And Business Operations
    Showtime Networks Inc. Mar 2013 - Jun 2016
    Greater New York City Area
    Led 3 teams responsible for financial oversight and business operations management of the company's distribution revenue platform ($1.6B annually) and sales/marketing expenses ($200M annually).• Leader in the team that launched and marketed Showtime over-the-top (OTT) and direct-to-consumer (DTC) products (one of the first DTC platforms in the video industry), growing Y-O-Y revenues while minimizing cannibalization issues and pricing protections across existing distributors.• Guided strategic analysis on issues pertaining to distribution as related to the respective Affiliate accounts (subscriber pricing, marketing ROI, competition, packaging, new entrants) and long-term product strategy.• Economic and strategic guide in all Affiliate contract negotiations, including CBS “go-dark” negotiations with Time Warner Cable and Charter Communications across all CBS properties.---
  • Smithsonian Networks
    Vice President, Business Development, Operations & Finance
    Smithsonian Networks 2008 - 2013
    Greater New York City Area
    One of the first 3 employees solicited by Chairman & CEO of Showtime to develop startup joint-venture between the Smithsonian Institution (largest museum complex in the world) and Showtime Networks Inc. Achieved profitability by year 3, grew revenue to over $150M and enterprise valuation to over $250M.• Created an operational business plan and made strategic decisions on all facets of the venture including entry method in a broadcast and Subscription Video On Demand (SVOD) space, Documentary / Non-Fiction program model and channel positioning; first network in U.S. history to achieve 100% HD Programming.• Provided revenue strategy to complete negotiations with largest television operators, including developing and giving sales presentations and designing license fee rate cards across different distribution platforms.• Promoted to GM of a revenue growth team responsible for network’s sponsorship/advertising sales, home video and electronic-sell-thru businesses, international content sales and syndication; included contract negotiations, partnership selection, content strategy, staffing and investment/margin management.• Managed all financial operations, developed all long-range plans and revenue and expense forecasts.• Oversaw Broadcast and VOD (video-on-demand) Operations, Advertising Sales Operations and Research.---
  • Smithsonian Channel
    Director Business Development, Operations & Finance
    Smithsonian Channel 2005 - 2008
    Greater New York City Area
    • Promoted to Vice President and role expanded to take on P&L responsibility.---
  • Showtime Networks
    Senior Financial Account Manager - Cable, Dbs & Telco Platforms
    Showtime Networks 2003 - 2005
    Greater New York City Area
    • Oversaw the fastest growing portfolio (+25% Y-O-Y growth) totaling $400M in revenue and provided strategic guidance on how to grow account revenues and subscribers, including economic modeling, risk assessment, ROI, subscriber churn, retention, lifetime value and cost per acquisition (CPA) analysis, and analyzed marketing and content campaign results for future investment decisions. • Selected within 1 year of employment to conduct new hire training on Leadership in Showtime Finance. • Promoted to lead ancillary revenue task force to negotiate and manage book, jewelry, and consumer goods licensing deals for new Showtime original series; grew sales by 500% over 2 years.
  • Showtime Networks
    Business Analyst; Manager Revenue & Expenses (Business Operations)
    Showtime Networks 2002 - 2003
    Greater New York City Area
    Promoted to Senior Financial Account Manager with an expansion in the portfolio size and partners and business oversight of new entrants in a hyper-evolving video ecosystem.
  • Arthur Andersen & Co.
    Senior Auditor, Entertainment, Media And Communications
    Arthur Andersen & Co. 2000 - 2002
    Greater New York City Area
    • Prepared financial statements and procedures performed over SEC 8K, 10Q, 10K, and S-4 Debt filings.• Founded the development of a diversity recruiting team; increased NY TMC division diversity hires by 25%.• Clients included Space.com (early .com entrant), Asia Global Crossing Ltd (Telecom), News Corp. (Media).
  • Altria
    Academic Intern, Reporting And Consolidations Department
    Altria 1998 - 2000
    Greater New York City Area
    • Worked full-time during academic years to subsidize cost of education.• Analyzed related party transaction reports for 8K, 10Q, 10K disclosure statements.---

Michael Crotty Education Details

Frequently Asked Questions about Michael Crotty

What company does Michael Crotty work for?

Michael Crotty works for Paramount Global Premium Group (Showtime Networks, Bet Networks, Paramount Tv St

What is Michael Crotty's role at the current company?

Michael Crotty's current role is Chief Operating Officer and Chief Financial Officer.

What schools did Michael Crotty attend?

Michael Crotty attended New York University - Leonard N. Stern School Of Business, City University Of New York-Baruch College - Zicklin School Of Business, Cornell University.

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