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Home / Business / Netflix Releases 2019 Pay: Reed Hastings and Ted Sarandos will each earn $ 31.5 million

Netflix Releases 2019 Pay: Reed Hastings and Ted Sarandos will each earn $ 31.5 million



CEO Reed Hastings will receive up to $ 31.5 million in salary and stock options next year, the company said. Ted Sarandos, who is responsible for the content of Netflix, will earn as much as Hastings.

A Difference in Compensation: The capture of Hastings is more closely linked to Netflix's equity. His base salary will be $ 700,000, while Sarandos will receive a salary of $ 18 million.

It's the first time in recent years that Netflix is ​​rewarding its two top executives alike, showing how much the company values ​​Sarandos. Netflix continues to add new original shows, films, documentary films and comedy specials to pay for the best in the world.

Hastings' salary increased 7% over the previous year ̵

1; but Sarandos increased by 20%.

Chief Financial Officer David Wells, Product Manager Greg Peters and General Counsel David Hyman also saw significant growth.

A spokesman for Netflix declined to comment.

Netflix (NFLX) grew rapidly in 2018. The company said it had about 137 million customers worldwide in the last quarter.
This year, Netflix bought a production company ABQ Studios, the first purchase of a studio complex and future home for some of its original shows. But there were also $ 8 billion for the production of original shows and films in 2018.
The company has used debt markets three times this year and sold billions of bonds to fund its shows, acquire new content and cut production costs cover up.

Netflix shares rose 33% overall in 2018, despite recent market turmoil that had pushed the stock down one-third from three months ago.


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