Netflix CEO Hastings’ Pay Rose 7% to $38.6M in 2019

(Image credit: Future)

Netflix’s top executives had a good year in 2019.

Total compensation for CEO Reed Hastings rose 7% to $38.6 million. His salary was constant at $700,000. Option awards rose to $37.4 million from $34.4 million in 2018.

Chief content officer Ted Sarandos’ compensation jumped 17% to $34.7 million. His salary rose to $18 million from $12 million and he received option awards with $16.6 million.

Netflix on Tuesday announced higher first quarter earnings as viewers staying at home because of the worldwide pandemic signed up for streaming services like Netflix and consumed more content.

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.