Saturday , July 31 2021

You will not be able to believe! This will be charged by Netflix's chiefs in 2019

Without a doubt, Netflix is ​​one of the giants of streaming online content and revolutionizes the way they consume content. Now, it was known how Netflix creators and managers earn. Look!

Netflix has a budget of 7,000 million per year for content production. Because they do not work based on the audience because they do not depend on the advertising market, we never know the data associated with these series: if they work or if they are a disaster.

Something we can know is what top executives will get to do their job.

President and founder of Netflix, Reed Hastings, will receive $ 31.5 million in 2019. This was indicated by the Variety portal with the information contained in the company's announcement in the United States. The Securities and Exchange Commission (SEC), the commission that protects investors and maintains the integrity of the securities market.

Hastings will receive $ 700,000 as an annual salary and Netflix shares worth 30.8 million. It is an increase of 7% compared to 2018.

The unusual thing about this salary is that it's not the biggest thing the manager of Netflix. The content manager and the other side of the company, Ted Sarandos, will also charge $ 31.5 million in 2019.

This figure is charged as follows: a salary of 18 million and 13.5 million in Netflix shares. The salary has increased by 20% compared to 2018, when it received a salary of 12 million dollars and shares worth 14.25 million.

With these figures, Hastings and Sarandos are confirmed as two giants on the pitch, especially if we consider how much their accumulated wealth is after the success of the streaming platform. It is estimated that the founder had shares worth $ 2,700 million (about 2,360 million euros) from April 9, 2018, and Sarandos had $ 127 million shares (111 million euros).

David Wales' salaries as financial director with a total of $ 6.3 million, Greg Peters as product manager with $ 16.8 million and finally David Himan as advisor and secretary with $ 7.35 billion.

Source: La Vanguardia

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