AMC Networks Discloses 2021 Pay For CEOs: Former Boss Josh Sapan Nets $15.3M, Interim Chief Matt Blank $7M
deadline.comMatt Blank, interim CEO of AMC Networks, made just shy of $7 million in total compensation in 2021, according to a proxy filing with the SEC.Blank’s predecessor, longtime company veteran Josh Sapan, took home nearly $15.3 million, up from his 2020 level of $11.8 million but below his $20.2 million package in 2019.
Sapan is now executive vice chairman of the company.The change in the corner office took effect last September 8.Formerly the CEO of Showtime, Blank received a base salary of $630,136 from AMC.
He got another $4.5 million in the form of a stock award and much of the rest as a non-equity incentive plan payment.Neither payday ranks near the top of the media business, which saw multiple nine-figure compensation awards in 2021.Ed Carroll, who capped a long run at the company by departing last October as chief operating officer, got $8.2 million last year.
Christina Spade, who assumed the COO title last November and also serves as AMC’s chief financial officer, took home $7 million.AMC Networks, whose cable holdings include AMC, Sundance TV, We TV, IFC and BBC America, is joining many of its legacy peers in exploring streaming.
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