Netflix Co-CEOs Reed Hastings And Ted Sarandos Saw Compensation Dip In 2021

Netflix subscribers in the UK share passwords between friends and family, according to research.As reported by research firm Digital i (via the Guardian), it’s estimated at least 27 per cent of Netflix’s 14.9million subscribers in the UK, over four million accounts, share their accounts with other households. It’s believed the real figure, however, could be higher.Ali Vahdati, Digital i chief executive, said: “Our estimates came from analysing account activity, and we corroborated this with various other sources.

If you're still watching Netflix on your ex's roommate's account, that access may not last much longer: Netflix is considering cracking down on password sharing, according to a report from the Associated Press. The streaming platform may also add a new, lower-cost subscription tier supported by ads, similar to its rival Hulu's.

for murdering Jacqueline Avant, the wife of legendary music executive Clarence Avant.Aariel Maynor, 30, was sentenced yesterday (April 19) after pleading guilty to murder and other charges in Los Angeles’ Superior Court last month and admitting he used an AR-15 style semi-automatic rifle to shoot Avant in her Beverly Hills home on December 1 2021, before firing several rounds at her security guard as he fled, reports Billboard.According to prosecutors, Maynor shot Avant in the back when she surprised him after he broke into the couple’s house during a burglary attempt in which he hoped to steal $50,000 (£38,288).After fleeing the scene, prosecuters claimed that he broke into a separate home in the Hollywood Hills and then accidentally shot himself in the foot as he was leaving.It was alleged that Maynor had searched for information on Clarence Avant and the couple’s address the day before the killing.Jacqueline was known for her philanthropic efforts including being on the board of directors of UCLA’s International Student Center and having acted as president of the Neighbors of Watts.Her husband, Clarence, has been celebrated by artists including JAY-Z and Diddy for cultivating African American artists’ careers.

Jennifer Maas TV Business WriterThe finale of CNN+’s “Land of the Giants: Titans of Tech,” titled “The Netflix Effect,” launches Thursday, perfect timing for an entertainment industry that is both reeling amid Netflix’s shocking Q1 subscriber miss, poor second-quarter outlook and the wait to see if CNN+ can find its groove as quickly as it might need to in order to survive.Based on the “Land of the Giants” podcast from Vox Media’s Recode, the CNN+ docuseries explores the complicated histories of Meta (a.k.a. Facebook), Apple, Amazon, Google and now Netflix.

Netflix has unveiled the voice cast for its upcoming animated film “My Father’s Dragon,” which is the next feature from the award-winning studio behind “Wolfwalkers” and “The Secret of Kells” Cartoon Saloon. Jacob Tremblay will lead a voice cast that also includes Gaten Matarazzo, Golshifteh Farahani, Dianne Wiest, Rita Moreno, Chris O’Dowd, Judy Greer, Alan Cumming, Yara Shahidi, Jackie Earle Haley, Mary Kay Place, Leighton Meester, Spence Moore II, Adam Brody, Charlyne Yi, Maggie Lincoln, Jack Smith with Whoopi Goldberg and Ian McShane.Nora Twomey (“The Breadwinner”) is directing “My Father’s Dragon” based on Ruth Stiles Gannett’s Newbery Award winning book of the same name.

Zack Sharf Elon Musk weighed in on Netflix’s subscriber loss in the first quarter of 2022 by claiming “the woke mind virus” is making the streaming platform “unwatchable.” Netflix announced April 19 that it had lost 200,000 subscribers, marking the first time in 10 years the streamer has reported a loss in subscribers. Following the news, Netflix’s stock crashed to a four-year low.While Musk did not detail why Netflix shows are contributing to “the woke mind virus” that’s killing the streaming giant, he did agree with one follower who claimed that the “woke mind virus is the biggest threat to the civilization.” Musk replied, “Yes.”Another follower wrote to Musk, “It’s not just Netflix.

Todd Spangler NY Digital EditorNetflix shares plummeted to their lowest point since December 2018 as investors reacted to the streamer’s first subscriber loss in more than a decade — bringing years of booming growth to a screeching halt.The stock was below $254 per share in premarket trading Wednesday, down 27% from the previous closing price and sinking to a more than three-year low. That came after Netflix posted a Q1 loss of 200,000 subscribers and projected that it will lose another 2 million subs in Q2, prompting several analyst downgrades.

Brian Steinberg Senior TV EditorNetflix has held Madison Avenue at arm’s length for years. Now, the popular streamer wants to draw the advertising industry in a tighter embrace.After years of resisting the prospect of running commercials, Netflix signaled on Tuesday that it’s ready to consider launching an ad-supported tier of its service, which has lured traditional TV viewers with ad-free series like “Stranger Things” and “Ozark” and commercial-free movies like “Don’t Look Up.” Figuring out an ad strategy could take months, said Reed Hastings, Netflix’s co-CEO, during an investor meeting, “but think of us as quite open to offering even lower prices with advertising as a consumer choice.”The company announced its intention to court commercials just weeks before the start of the industry’s annual “upfront” ad sales season, when U.S. TV networks try to sell the bulk of their commercial inventory for the next programming cycle.

Netflix is preparing to launch a cheaper subscription plan in the next couple of years.

A crew of sober Netflix execs said a password-sharing crackdown on the army of 100 million viewers who use the service for free is front and center and being tested but could take about a year to roll out, and it’s not clear what it will look like.

Netflix has long been asked whether it would eventually move into live sports.

Tuesday’s call. “And allowing consumers who would like to have a lower choice and are advertising tolerant get what they want makes a lot of sense.

Netflix co-CEO Reed Hastings finally acknowledged what most people outside of the company have been saying for years: In order to keep growing, the company will need to incorporate ads.

Todd Spangler NY Digital EditorNetflix, after years of insisting it would stick solely to subscription-only plans, is finally open to experimenting with lower-cost ad-supported packages, co-CEO Reed Hastings said on the company’s Q1 earnings interview.The company expects to figure out its strategy in ad-supported streaming over the next year or two, Hastings said, “but think of us as quite open to us offering even lower prices with advertising as a consumer choice.”“Those that have followed Netflix know that I’ve been against the complexity of advertising and a big fan of the simplicity of subscription,” Hastings said. “But as much as I’m a fan of that, I’m a bigger fan of consumer choice.

life in prison with a minimum of 150 years for the murder of philanthropist Jacqueline Avant, wife of celebrated music executive Clarence Avant.Maynor, 30, broke into the Avant family home on Dec. 1, and shot Jacqueline Avant in the back. About an hour later, he was taken into custody in the Hollywood Hills after shooting himself while burglarizing a second home.

Matt Donnelly Senior Film WriterNetflix has promoted Emily Feingold to vice president of communications, Variety has learned exclusively.The experienced and well-liked executive will now oversee communications for the streaming giant across the United States and Canada. She reports to Rachel Whetstone, Netflix chief communications officer.“I am thrilled that Emily has been appointed as Netflix’s new VP of communications.

proxy statement, Hastings received a pay package of $40.8 million and Sarandos earned $38.2 million, primarily from stock awards. Hastings received a $650,000 annual salary and $39.7 million in stock awards and Sarandos took home a $20 million salary and $17.1 million in stock awards. Sarandos also had nearly $900,000 in security costs covered by Netflix.Netflix had a record-setting year in 2020 and its top executives were rewarded handsomely for it, with co-CEOs Reed Hastings and Ted Sarandos bringing home a combined $82.5 million last year.

Todd Spangler NY Digital EditorReed Hastings and Ted Sarandos, the two top executives at Netflix, saw their overall pay packages drop a bit in 2021 — but they still raked in tens of millions each.Hastings’ total compensation package for 2021 was worth $40.8 million, including $39.7 million in stock grants and $650,000 in salary, according to the company’s 2022 proxy statement, filed Friday with the Securities and Exchange Commission. That’s down 6% from the year prior for the co-founder and co-CEO of Netflix.Sarandos, who serves as co-CEO and chief content officer, earned $38.2 million last year, comprising $20 million in annual salary and $17.1 million in stock — a 2.7% drop from 2020.For 2022, Sarandos is set to receive $40 million in compensation and Hastings stands to make north of $34 million.

NEW YORK -- Shonda Rhimes was on vacation when she stumbled upon the first book in the Regency-era “Bridgerton” book series, “The Duke & I," by Julia Quinn and quickly was all in.“I immediately went out and bought all the rest of her books,” said Rhimes in a recent interview. "Her way with words is delightful. I thought, ’These are characters I'd want to know.' They had a universal feeling to them and I thought they'd make amazing television."Rhimes passed the books on to Chris Van Dusen, who was equally besotted.“I took them home and fell in love with them from the very first moment I read them,” he said.