The Hollywood’s lobby group’s finances took a hit in 2012, a tax filing shows — but CEO Chris Dodd did just fine even as the MPAA licked its wounds from its failed effort to promote tough anti-piracy legislation. Dodd’s compensation came to $3.3M last year. (The package: $3M base compensation, $250,000 bonus, $41,930 other compensation, $13,753 retirement benefit, and $19,585 non-tax benefit.) That’s up 36.5% but it’s not an apples-to-apples comparison since he worked a partial year in 2011 beginning in March. The MPAA saw its year-end loss increase nearly 587% to $1.7M on revenues of $68.1M. Although the top line was +12%, mostly from members’ increased dues payments, it was more than offset by a 14% increase in expenses. The biggest increase went to unspecified “other” expenses — mostly fees to consultants and vendors — which rose 81% to nearly $4.5M. Advertising and promotion were +329% to $2.2M. Pension plan was +132% to $2.1M. That’s partly due to a reclassification of the operation’s matching payments for 401K savers; it was formerly listed as a benefit — the pension and benefit outlays together were +12%. A $382,500 severance payment for former EVP Fritz Attaway was accrued earlier, and had a minimal impact on the 2012 total. The tally also doesn’t include a $1M severance payment to former CEO Robert Pisano. Salaries increased 10% to $17.3M. The MPAA’s outlays to other organizations increased 123% to $2.5M. The biggest increases went to allies in the anti-piracy fight including The Copyright Alliance (it collected $600,000) and the Center for Copyright Information ($475,000). The MPAA also continued to give $100,000 to Grover Norquist’s Americans for Tax Reform, and $10,000 to the Tea Party group Let Freedom Ring. The lobby group added the Center for American Progress, founded by John Podesta – a former adviser to Presidents Clinton and Obama — which collected $60,000.
MPAA’s Anti-Piracy Fight Contributed To Financial Loss In 2012 While Chris Dodd Collected $3.3M
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