Netflix’ Reed Hastings, Ted Sarandos See Jump In 2022 Pay Packages To Circa $50 Million Each

In the room where it happens! Sarah Ferguson was over the moon that she was able to join the royal family at King Charles III’s celebratory Coronation Concert on Sunday, May 7.

Proud to be from Dutton! While Yellowstone’s off-camera drama has continued to make headlines, star Lainey Wilson has addressed the show’s future.

Proud mama! Jennifer Lopez is a triple threat performer but being a mother is her favorite role to date.

Finding love on and off screen. Charlie Heaton and Natalia Dyer have settled into their own routine when they aren’t filming Netflix’s Stranger Things.

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Wall Street Journal report that she is in talks to become Twitter’s new chief executive officer. “It has been an absolute honor to be part of Comcast NBCUniversal and lead the most incredible team,” she said in a statement. “We’ve transformed our company and the entire industry—and I am so proud of what we’ve accomplished together, and grateful to my colleagues and mentors, especially Brian Roberts, Mike Cavanagh and the entire NBCU leadership team.”Since joining NBCU in 2011, Yaccarino’s team has generated more than $100 billion in ad sales, expanded the company’s reach globablly, helped launch Peacock, and made massive investments in data and technology capabilities.

Giant Pictures has hired Alamo Drafthouse’s Ahbra Perry and AMC Networks’ Jennifer Luisi to two new director roles, while promoting Madeleine Schumacher to director of distribution. Perry will be the director of OTT Channels, overseeing the development of new and existing streaming channels.

Former Manchester United striker Dwight Yorke believes the effort Wout Weghorst has put in at Old Trafford is enough to prove he should be signed permanently but admits his lack of goals is an issue.

to . At the Cartier Women’s Initiative Awards in Paris on May 10, though, she opted for another sustainably-minded choice, in the form of eco couture.For the event, —who spoke on stage about the importance of standing up for women’s rights—wore a dazzling silver dress from Julie de Libran’s , embellished with sequins and featuring a feathered hem.

As Michael J. Fox continues his ongoing battle with Parkinson’s Disease, he reflected on the sacrifices he made to become a successful Hollywood actor. The "Back to the Future" star was determined to succeed in the industry, even if it meant being a starving artist for a while.  "I was 18 years old, with no money, no connections, literally dumpster diving for food," Fox said during an interview with Variety.

Prince William has confessed he "couldn't walk for a week" after some of his pre-Coronation football exploits.

It is no secret that there are countless historical sites dotted around Scotland that were once—and in many cases still are—believed to hold magical properties.

A car that 'forgot to give way' has crashed on a new roundabout that one frustrated resident says has become 'dangerous'. The new roundabout installed on Boothferry Road, Hull was the scene of a collision picked up on a security camera.

Motorists are being warned that they could find themselves in trouble for getting out of a car incorrectly.

Three years after brutal Covid shutdowns, spring is in the air for cinemas with the box office blossoming and the economics of streaming looking muddy. Traditional studios are re-committing to theatrical, with Apple and Amazon on board. That’s the view from the perch of John Fithian, longtime president and CEO of the National Association of Theatre Owners, taking a final bow next week in Las Vegas at CinemaCon, the industry’s biggest annual event. He will formally pass the baton to Michael O’Leary on May 1.

jokingly unveiled a new “award show” during his closing monologue Friday evening, saying it’ll be better than the Oscars and Emmys because it’s dedicated to people brave enough to stand up against the cancel culture. He vowed to present the “Cojones Awards” — a golden statue of dangling testicles — each year moving forward for “outstanding achievement in growing a pair.”The first four honorees getting the “solid brass balls” were actor Ben Stiller, Netflix CEO Ted Sarandos, Trader Joe’s, and Cornell University.Maher said the idea came up a year ago when he and other A-listers were invited to the home of “a very prominent Hollywood producer” where he was asked to moderate a discussion about cancel culture.“The idea was met with great enthusiasm by everyone and in short order, different people were suggesting the ways that they’re very challenged to be put to use,” he recalled.“And then of course being Hollywood, nothing happened.

filing with the Securities and Exchange Commission on Friday, Netflix’s executive chairman and former co-CEO Reed Hastings raked in approximately $51.1 million in total compensation last year, up from the $40.8 million he received in 2021. Hastings’ package included a $650,000 base salary, approximately $49.4 million in stock options and $1 million in other compensation.

Todd Spangler NY Digital Editor Reed Hastings, who stepped aside as co-CEO of Netflix in January, and co-chief Ted Sarandos both saw double-digit increases in their compensation packages for 2022, with their total pay topping $50 million each. Hastings’ total pay last year was $51.07 million, $49.4 million of which was in stock option awards, up 25% from 2021, the streamer disclosed in its 2023 proxy statement Friday. Sarandos’ pay jumped 31.5% in 2022, to $50.3 million, comprising $20 million base annual salary, $28.5 million in stock options and $1.79 million in other compensation (including $1.43 million in residential security costs). In stepping down as co-CEO, Hastings will take a huge pay cut: For 2023, as executive chairman, he’s eligible to receive a $500,000 base salary plus $2.5 million in stock options, according to a Netflix 8-K filing with the SEC. In the co-CEO role, he stood to make $34.7 million this year, mostly in stock.

Over the weekend, the “Love Is Blind” reunion made headlines. But though the season 4 conclusion was filled with plenty of drama, it was Netflix’s inability to get the event, which had been advertised as its second live special, to stream on time.

reunion made headlines. But though the season 4 conclusion was filled with plenty of drama, it was Netflix's inability to get the event, which had been advertised as its second live special, to stream on time.After promises that they were waiting to start the special until it could stream, Netflix eventually gave up and recorded the reunion.

Netflix Orders Season 2 Of ‘Rana Naidu’

Naman Ramachandran “Rana Naidu,” the Indian adaptation of “Ray Donovan,” has been renewed for a second season by Netflix. The news emerged the same day that Netflix announced a 1.75 million jump in subscriptions worldwide. The action thriller that stars Venkatesh Daggubati and Rana Daggubati trended on the No.1 spot as the most watched series in India for three consecutive weeks after launch last month and continues to be in the top 10 series in India for the fifth week in a row. It trended in Netflix’s global top 10 for non-English TV for two weeks after it launched on March 10.

Ted Sorrandoes was asked point-blank in Tuesday’s quarterly earnings call about resisting Netflix’s current reluctance to give their films conventional theatrical releases, a stance that has now put the company at odds with most of their streaming competition. The short answer: Don’t stop a horse in mid-stream.“The film division is doing great,” stated Sarandos. “They really are building out some great films.

Netflix is owning up to the long delay they had with the Love Is Blind live reunion.

Netflix Co-CEO Ted Sarandos said the company will likely spend roughly $17 billion on content in 2024, steady with 2023 levels.

Jennifer Maas TV Business Writer Netflix co-CEOs Ted Sarandos and Greg Peters revealed what exactly went wrong with the live “Love Is Blind” Season 4 reunion special on Sunday — and how they plan to fix the problem with other live broadcasts moving forward. “We’re really sorry to disappoint so many people,” Peters said during a prerecorded Q1 earnings interview Tuesday. “We didn’t meet the standard that we expect ourselves: to serve our members and just be clear from a technical perspective. We’ve got the infrastructure. We had just a bug that we introduced, actually, when we implemented some changes to try to improve live-streaming performance after the last live broadcast, Chris Rock[‘s ‘Selective Outrage’] in March. We just didn’t see this bug in internal testing because it only became apparent once we put multiple systems interacting with each other under the load of millions of people trying to watch ‘Love Is Blind.'”

Todd Spangler NY Digital Editor Netflix doesn’t want Hollywood writers to go on strike — but the streamer has a “pretty robust slate of releases” that will help it weather a walkout better than others, co-CEO Ted Sarandos said. His comments, on the company’s first quarter 2023 earnings interview, come a day after Writers Guild of America members overwhelmingly passed a strike authorization vote, giving union leadership the power to call a strike once the contract expires on May 1. “We respect the writers, and we respect the WGA,” he said. “We couldn’t be here without them. We don’t want a strike. The last time there was a strike, it was devastating to creators. It was really hard on the industry. It was painful for local economies that support productions. And it was very, very, very bad for fans.”

Netflix CEOs Ted Sarandos and Greg Peters celebrated the success of the streamer’s latest hit series “Beef,” but skipped over controversy surrounding cast member David Choe’s involvement.The executives touted the show’s recent critical and fan acclaim during the company’s first quarter earnings interview Tuesday, but didn’t acknowledge the building outrage among viewers that started after a 2014 video of Choe resurfaced on social media where he said he forced himself on a masseuse.“That’s new this quarter and it has kicked off and it’s off to a tremendous start,” Netflix co-CEO Ted Sarandos said of the show.

Just two days after the “Love Is Blind” Season 4 live reunion fiasco, which delayed the livestream for over an hour with many viewers unable to watch the special until the next day, Netflix Co-CEO Greg Peters said the delayed was caused by a “bug.” “From a technical perspective, we’ve got the infrastructure,” Peters said during Tuesday’s earning call. “We had just a bug that we introduced, actually, when we implemented some changes to try and improve live streaming performance after the last live broadcast Chris Rock in March and we just didn’t see this bug in internal testing because it only became apparent once we put sort of multiple systems interacting with each other under the load of millions of people trying to watch ‘Love is Blind.'”While fans of the reality dating series tuned in to the special expecting for the reunion to rehash the season’s drama and give a status update for how each couple’s relationship has evolved since their respective wedding days, viewers were met with a error message on the live stream.Despite the livestreaming troubles, the reunion reached an audience of 6.5 million viewers, Peters said.“We’re really sorry to have disappointed so many people,” Peters continued.

As part of the Alliance of Motion Picture and Television Producers, Netflix is one of those companies currently at the table negotiating with the Writers Guild over a new deal.

The Love Is Blind reunion didn’t end up being live on April 16 due to “technical difficulties,” but apologetic Netflix brass are very pleased with the viewership the streamer had once the special finally aired.

Todd Spangler NY Digital Editor Netflix said it would stage a “broad rollout” of its paid-sharing plan in the second quarter of 2023, including in the U.S. The streamer announced the news as part of its first quarter 2023 earnings report. As part of Netflix’s crackdown on customers sharing passwords with people outside their household, the company plans to start blocking devices (after a certain period of time) that attempt to access a Netflix account without properly paying. “In Q1, we launched paid sharing in four countries and are pleased with the results,” Netflix said in its Q1 letter to shareholders. “We are planning on a broad rollout, including in the U.S., in Q2.”

Netflix delivered a mixed set of results for the first quarter, edging Wall Street analysts’ estimates for earnings per share but falling short in other key categories.

Netflix plans to phase in “paid sharing” — the company’s preferred term for cracking down on the loaning of login credentials — in the U.S. in the coming weeks.

Netflix said it’s closing down its original DVD by mail business, marking the end of an era as it focuses on retooling its streaming offerings including a new ad-supported plan.

Todd Spangler NY Digital Editor Netflix’s famous red envelopes are headed to the recycling bin of history. The company announced the shutdown of the DVD-by-mail business Tuesday ahead of its first-quarter 2023 earnings report. Since 1998, according to the company, it has mailed out over 5 billion DVD and Blu-ray rentals to subscribers across the U.S. The final Netflix DVDs will be shipped out on Sept. 29, 2023, according to co-CEO Ted Sarandos. “After an incredible 25 year run, we’ve decided to wind down DVD.com later this year,” Sarandos wrote in a blog post on the company’s site. “Our goal has always been to provide the best service for our members but as the business continues to shrink that’s going to become increasingly difficult. So we want to go out on a high, and will be shipping our final discs on September 29, 2023.”