Endeavor Boss Ari Emanuel’s 2021 Pay Surged To $308M After Company’s IPO; $67.5M Of It Deemed “Recognized Compensation”

Jason Kilar, the former Hulu and Amazon exec who has led WarnerMedia as CEO since May 2020, has formalized plans to exit the company on the eve of its merger with Discovery.

filing Monday with the Securities Exchange Commission, the Tesla and SpaceX boss has gobbled up a 9.2% stake in Twitter — which was worth $2.9 billion at the close of trading on Friday.Given the stock’s surge on Monday, Musk’s stake is now worth $3.84 billion — suggesting that he’s already seen nearly $1 billion in gains on his investment. Musk’s investment follows his public criticism of the platform’s content moderation policies.

Florida Gov. Ron DeSantis suggested that The Walt Disney Co. should be stripped of its “special privileges” in the state following its opposition to the new Parental Rights in Education law, dubbed by detractors as the “Don’t Say Gay” bill.

Andy Jassy, a longtime Amazon exec who became the company’s CEO last summer, made $212.7 million in total compensation in 2021, according to an SEC filing.

Gene Maddaus Senior Media WriterFive candidates took the stage for an L.A. mayoral debate last week, but as far as Hollywood is concerned, there might as well be only two.Karen Bass, the former chair of the Congressional Black Caucus, is the favorite among the industry’s Democratic donor community, led by Jeffrey Katzenberg and J.J. Abrams.

ISS, an influential shareholder advisory firm, has recommended “withhold” votes for the three Discovery directors up for reelection at the April annual meeting “due to poor stewardship” in compensation.

Tom Rutledge, chairman and CEO of Charter Communications, saw his 2021 compensation rise to $41.9 million from $38.8 million in 2020.

Cynthia Littleton Business EditorEndeavor CEO Ari Emanuel saw a huge paper windfall in 2021 as he was awarded stock grants valued at more than $293 million in the year that saw Endeavor complete its initial public offering on its second try.Emanuel’s payday for last year was closer to $67.5 million in terms of “recognized compensation” that is not tied up in stock options that won’t vest for years to come. Endeavor’s annual report for 2021, filed Wednesday, included charts to demonstrate that while Emanuel’s total comp for 2021 hit an astounding $308.1 million on paper, his actaul take-home pay was far less. Emaneul’s haul included a base salary of $4 million and a bonus of $10 million.Endeavor executive chairman Patrick Whitesell took in $123.1 million on paper but only $11 million of recognized compensation.

Endeavor CEO Ari Emanuel, who has long espoused the benefits of streaming’s boom times, said he’s “not nervous” about Warner Bros Discovery possibly pumping the brakes as it looks to take on Netflix and Disney.

Police believe they have found the man who stabbed a Daytona Beach couple to death earlier this month — all thanks to the help of a waitress who served the suspect hours before his alleged crimes.

EXCLUSIVE: After months of legal anticipation after his December 2021 firing by Jeff Zucker, Chris Cuomo has just launched the official opening salvo in what looks to be protracted battle with CNN for not only $125 million in cash, but his character and family drama as well.

Discovery and AT&T have determined the 13 members of the board of directors for Warner Bros Discovery, the new company that will be created via a pending $43 billion merger.

Warner Bros Discovery, the company created by merging Discovery Inc. and WarnerMedia, and signed a new employment agreement through the end of 2027.