×
You will be redirected back to your article in seconds

Netflix CEO Reed Hastings’ Compensation Jumps 48% to $36.1 Million

Netflix chief Reed Hastings is being handsomely rewarded for calling the shots at the streaming giant.

His compensation package, which is largely in the form of stock options, climbed 48% in 2018 to $36.1 million. That’s up from $24.4 million in the previous year. Hastings’ salary is a relatively modest $700,000, but his stock options are valued at a whooping $35.4 million, according to public filings.

Although Hastings is amply compensated for his work, it pales in comparison to what some media executives earn. Discovery chief David Zaslav enjoyed a compensation package valued at $129.5 million in 2018, while Disney head Bob Iger’s compensation package was valued at $65.6 million.

Netflix Chief Content Officer Ted Sarandos, the executive behind “Stranger Things,” “The Crown,” and other programming also saw his compensation package increase in value. His total haul climbed 32% to $29.6 million. Sarandos’ take-home pay is much higher than Hastings’, topping out at $12 million in salary. He also earned $17.6 million in options, as well as just over $32,000 in “other compensation.”

The public filings also reveal that Chief Marketing Officer Kelly Bennett’s total compensation came out to $6.4 million in salary and options, Chief Product Officer Greg Peters’ total compensation amounted to $14.8 million, and Chief Financial Officer David Wells’ compensation was valued at $5.8 million. Wells left Netflix in January and Bennett announced in March that he intends to resign as soon as the company finds a replacement.

More Film

  • Agustina San Martin Talks Cannes Special

    Agustina San Martin Talks Cannes Special Mention Winner ‘Monster God’

    CANNES – An exploration of the ramifications of God, “Monster God,” from Argentina’s Agustina San Martín, took a Special Mention – an effective runner’s up prize – on Saturday night at this year’s Cannes Film Festival short film competition. It’s not difficult to see why, especially when jury president Claire Denis own films’ power resists [...]

  • Atlantics

    Netflix Snags Worldwide Rights to Cannes Winners 'Atlantics,' 'I Lost My Body'

    Mati Diop’s feature directorial debut “Atlantics” and Jérémy Clapin’s animated favorite “I Lost My Body” have both been acquired by Netflix following wins at Cannes Film Festival. “Atlantics” was awarded the grand prix while “I Lost My Body” was voted the best film at the independent International Critics Week. The deals are for worldwide rights [...]

  • Stan Lee, left, and Keya Morgan

    Stan Lee's Former Business Manager Arrested on Elder Abuse Charges

    Stan Lee’s former business manager, Keya Morgan, was arrested in Arizona Saturday morning on an outstanding warrant from the Los Angeles Police Department. The LAPD’s Mike Lopez confirmed that the arrest warrant was for the following charges: one count of false imprisonment – elder adult; three counts of grand theft from elder or dependent adult, [...]

  • Moby attends the LA premiere of

    Moby Apologizes to Natalie Portman Over Book Controversy

    Moby has issued an apology of sorts after writing in his recently published memoir “Then It Fell Apart” that he dated Natalie Portman when she was 20 — a claim the actress refuted. “As some time has passed I’ve realized that many of the criticisms leveled at me regarding my inclusion of Natalie in Then [...]

  • Bong Joon-ho reacts after winning the

    Bong Joon-ho's 'Parasite' Wins the Palme d'Or at Cannes

    CANNES — The 72nd edition of the Cannes Film Festival wrapped with jury president Alejandro González Iñárritu announcing the group’s unanimous decision to award the Palme d’Or to South Korean director Bong Joon-ho for his sly, politically charged “Parasite.” Following last year’s win for humanistic Japanese drama “Shoplifters,” the well-reviewed Asian thriller represents the yin [...]

  • Invisible Life Brazilian Cinema

    Cannes Film Review: 'The Invisible Life of Eurídice Gusmão'

    A “tropical melodrama” is how the marketing materials bill “The Invisible Life of Eurídice Gusmão.” If that sounds about the most high-camp subgenre ever devised, Karim Aïnouz’s ravishing period saga lives up to the description — high emotion articulated with utmost sincerity and heady stylistic excess, all in the perspiring environs of midcentury Rio de [...]

  • Best Movies of Cannes 2019

    The 10 Best Movies of Cannes 2019

    The Cannes Film Festival is too rich an event to truly have an “off” year, but by the end of the 72nd edition, it was more or less universally acknowledged that the festival had regained a full-on, holy-moutaintop-of-art luster that was a bit lacking the year before. It helps, of course, to have headline-making movies [...]

More From Our Brands

Access exclusive content