Breaking News

'Lion King' Devouring 'Harry Potter', Stalks July-Record $186M-$200M+ Bow

Netflix CEO Reed Hastings, Content Chief Ted Sarandos To Earn $31.5 Million In 2019

December 28, 2018 9:44am

Netflix CEO Reed Hastings and Chief Content Officer Ted Sarandos will see their pay packages rise to $31.5 million in 2019.

Hastings will collect an annual salary of $700,000 and stock options worth $30.8 million, according to the SEC filing. That’s a increase from his 2018 pay package, when he received options valued at $28.7 million on top of his $700,000 salary.

Sarandos will bring home $18 million in salary in 2019 — a significant bump from his $12 million salary this year. He’ll receive options worth $13.5 million, down from $14.25 million this year.

Chief Financial Officer David Wells will earn $6.3 million in salary and stock options; and Chief Product Officer Greg Peters will knock down $16.8 million in total compensation.

Netflix disclosed the compensation in a regulatory filing Friday.

These stock options are granted fully vested and can generally be exercised up to 10 years following the date of grant, regardless of employment status, according to the company’s filing.