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

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.