Ted Sarandos

Netflix & Live Sports? Ted Sarandos Says Streamer Would Need To Find Revenue & Profit Stream Before Kicking Off Move, Talks Up ‘F1: Drive To Survive’

Click here to read the full article. Netflix long has been asked whether it eventually would move into live sports. Ted Sarandos, co-CEO of the streamer, revealed Tuesday during the company’s first-quarter earnings call, what it would need to make that happen. He said he wasn’t so sure that it could add a “big profit stream” with the addition of live sports. “I’m not saying that we’ll never do sports, but we’ll have to see a path to growing a big revenue stream and a great profit stream with it,” he said. The comments come as the streamer’s interest in sports-adjacent content...

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

Click here to read the full article. Netflix co-CEOs Reed Hastings and Ted Sarandos each saw a slight dip in their total compensation in 2021 compared to 2020, according to a new SEC filing. The company’s preliminary proxy statement filed Friday said Hastings made a total of $40.8 million last year, compared with $43.2 million in 2020. Sarandos collected $38.2 million, down from $39.3 million. Last December, Netflix had released guidance for executive compensation, as is its custom. That outlook anticipated Hastings’ pay at $34 million, with Sarandos at $40 million. The co-heads of the company have different pay structures. Sarandos earned...
Picture for Netflix Co-CEOs Reed Hastings And Ted Sarandos Compensation Dips In 2021

Reed Hastings and Ted Sarandos See Pay Packages Slip in 2021 As Netflix Subscriber Growth Slowed

Netflix co-CEOs Reed Hastings and Ted Sarandos saw their compensation packages decline in 2021, as the streaming giant saw its subscriber growth slow. That being said, Hastings still took home $40.8 million, with Sarandos earning $38.2 million. Hastings took a $650,000 annual salary and $39.7 million in stock awards, with Sarandos taking a $20 million salary and $17.1 million in stock awards. The company also covered nearly $900,00 in security costs for Sarandos.More from The Hollywood Reporter'Outer Banks' Cast Opens Up About Love Triangles, Personal Growth and Season 3's "New Shades"'Beverly Hills Cop 4' Lands Mark Molloy to Direct for Netflix'The...

Netflix’s Ted Sarandos On Oscar Crafts Nominees Pre-Show: “I Think It’s A Step Toward Making It A Better Broadcast”

Click here to read the full article. For those Oscar nominees whose eight categories are sidelined in a pre-show, it’s a slap in the face, but for Netflix Co-CEO and Chief Content Officer Ted Sarandos, it’s just business. Asked by Deadline on the red carpet his thoughts on eight categories being pre-taped before the live telecast, Sarandos responded, “I think it’s a step toward making it a better broadcast.” “So there’s five or six different constituencies this show serves, and one of them is a TV audience, and this is a real positive step into making it a better TV experience,” he...

Ted Sarandos Marks Decade Of Netflix Original Series On Anniversary Of ‘Lilyhammer’ Premiere

On Feb 6, 2012, Lilyhammer, starring The Sopranos and E Street Band’s Stevie Van Zandt, marked the first original series to premiere on Netflix and introduced the binge model of releasing full TV seasons at once. The streamer’s co-CEO Ted Sarandos marked the anniversary with an essay posted on Netflix’s Web site and a video chat with Van Zandt in which the two reminisce about how the show got on Netflix and its legacy. There is an asterisk to Lilyhammer‘s place in Netflix’s history. As Sarandos and Van Zandt admit in the video, House Of Cards was the first original series...

Netflix Co-CEO Ted Sarandos Confirms ‘Squid Game’ Season Two

Netflix Co-CEO and Chief Content Officer Ted Sarandos has confirmed that Squid Game will return for a second season. During Netflix’s fourth quarter 2021 earnings interview, Sarandos shared the news. “Absolutely,” he said when asked if the show would return for a second season. “The Squid Game universe...

“The ‘Squid Game’ Universe Has Just Begun” Netflix’s Ted Sarandos Says, Confirming Season 2 Of Korean Smash

“The Squid Game universe has just begun.” Those are the words of Netflix co-CEO Ted Sarandos, who confirmed during Netflix’s fourth-quarter earnings call Thursday that there will “absolutely” be a second season of the surprise smash-hit Korean drama. Creator Hwang Dong-hyuk has talked about making a second season of the dystopian drama since it became Netflix’s most-watched series ever, and has even teased a third season. However, Sarandos’ comments today mark the first time any of the streamer’s senior execs have confirmed the renewal. Hwang created, wrote, directed and exec produced the nine-part series, which has reached more than 142 million Netflix households...

Netflix’s Ted Sarandos to Earn $40 Million in 2022, Reed Hastings Pay to Top $34 Million

Netflix co-CEO and chief content officer Ted Sarandos is set to receive $40 million in compensation next year, while chairman and co-CEO Reed Hastings stands to make north of $34 million. Netflix disclosed the annual salaries and stock option allocation for 2022 for its executive officers in an SEC filing Tuesday. Hastings’ salary for next year will remain $650,000 and he is to receive options valued at $34 million. Sarandos will again get an annual salary of $20 million with an additional $20 million in stock options. In 2020, Hastings and Sarandos earned $43.2 million and $39.3 million, respectively, in 2020, representing...

Netflix Co-CEO Ted Sarandos to See Pay Hit $40M in 2022, Reed Hastings Set to Earn $34M

Netflix co-CEO Ted Sarandos is set to out-earn his colleague and co-CEO Reed Hastings in 2022. The executives are expected to earn $40 million and $34.6 million, respectively, next year, according to a regulatory filing that was published Tuesday afternoon. Hastings’ pay is made up of $34 million in stock options and $650,000 in base salary, while Sarandos will take a $20 million base salary and $20 million in stock options. In 2020, Hastings’ total compensation was $43.2 million and Sarandos took home $39.3 million. The company typically reveals the previous year’s compensation for its senior executives in its proxy filing in...