Q&A

The Netflix Chief’s Plan To Get You To Binge Even More

Ted Sarandos seems to be very good at giving us more of what we want. And after a crackdown on password-sharing, his company has come out on top in the crowded streaming wars (if you set aside YouTube, which Sarandos does not). That doesn’t mean everything is rosy all the time now — the company has had several rounds of layoffs in the past few years — but Sarandos, along with his co-chief executive, Greg Peters, has put Netflix in a dominant position. Has this been good for us? Or for culture?

Netflix Targets $40M In 2024 Pay For Co-CEOs Ted Sarandos, Greg Peters

Netflix said it expects to pay its co-CEOs, Ted Sarandos and Greg Peters, $40 million each in 2024, the same target as in 2023. Both executives get a compensation package of $3 million in base salary, $6 million in bonuses, $15.5 million in restricted stock units and $15.5 million in performance-based restricted stock units, according to a filing with the Securities and Exchange Commission. Executive chairman Reed Hastings is expected to get total compensation of $1 million.

 

Netflix Says Co-CEOs Reed Hastings And Ted Sarandos Will Be Paid $34.6M And $40M, Respectively, In 2023

Netflix has issued estimates for the 2023 compensation of its top executives, with Co-CEOs Reed Hastings and Ted Sarandos set to take home $34.65 million and $40 million, respectively. The forecast by the board of director’s compensation committee, disclosed Friday in an SEC filing, is in line with 2022. Hastings will receive $650,000 in base salary and stock options worth $34 million. Sarandos will get a salary of $3 million, options worth another $20 million and a bonus targeted at $17 million.

Netflix: More Ad Options Coming, No ‘Profit Path’ For Sports Yet

Netflix’s Co-CEO and Chief Content Officer Ted Sarandos says its new advertising option will likely expand down the road. “It’s likely there’ll be multiple ad tiers over time, but nothing to talk about yet,” he said speaking during a UBS investor event. “And the product itself will evolve. I suspect pretty dramatically, but slowly and gradually.”

Sarandos: Netflix Not Interested In Live Sports Rights Now

Despite reports Netflix is looking to acquire the streaming rights to several live sports leagues, co-CEO Ted Sarandos said the streamer is not interested in bidding on sports rights right now.

Netflix’s Sarandos Shoots Down Roku Takeover Rumors: ‘We Don’t Need It’

The Netflix Co-CEO does confirm that it’s talking to Roku, Google and Comcast about potential partnerships.

 

Netflix’s Ted Sarandos To Earn $40M In 2022, Reed Hastings Pay To Top $34M

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.

Netflix’s Ted Sarandos: ‘I Screwed Up’

On the eve of a planned employee walkout at the streaming giant — organized by trans and LGBTQ+ staffers, content creators and allies — Netflix Co-CEO Ted Sarandos addressed numerous points related to recent jokes from comedian Dave Chappelle that have incensed the trans community and been labeled as harmful.

Netflix CEO Doubles Down on Dave Chappelle Defense

Netflix Co-CEO Ted Sarandos sent a lengthy missive to the entire company following the mounting controversy around The Closer, a new original special from comic Dave Chappelle.

Netflix’s Sarandos Declares New Era Of Transparency

Conceding that the transition to video streaming has resulted in a scarcity of available program performance data, Netflix Co-CEO Ted Sarandos told interviewer Kara Swisher during Monday’s Code Conference in Beverly Hills that Netflix is going to make an effort to change things. “We’re trying to be more transparent with the market and talent and everybody,” Sarandos said. “It’s a big black box for everybody.”

Netflix Sets Pay For Hastings, Sarandos At $34.7M

Netflix said that Reed Hastings and Ted Sarandos, the streaming company’s co-CEOs, will each earn $34.65 million for 2021, according to a filing with the Securities and Exchange Commission. The amount is unchanged from the compensation they were scheduled to get in 2020.

Netflix Indicted By Texas Grand Jury Over ‘Cuties’

A grand jury in Tyler County, Texas, has indicted Netflix on charges of “disseminating lewd material” for distributing the French film Cuties. The indictment, which specifically names company co-CEOs Reed Hastings and Ted Sarandos, accuses the Netflix of “the lewd exhibition of the genitals or pubic area of a clothed or partially clothed child who was younger than 18 years of age, which appeals to the prurient interest in sex and has no serious literary, artistic, political, or scientific value.”

Ted Sarandos Named Netflix Co-CEO

Ted Sarandos has been promoted at Netflix to Co-CEO, sharing the title with Reed Hastings, who also serves as co-founder. Sarandos joins the company’s board of directors as a result. “Ted has been my partner for decades. This change makes formal what was already informal — that Ted and I share the leadership of Netflix,” Hastings said.

COMMENTARY

Sarandos: How Production Can Safely Resume

Netflix’s Ted Sarandos writes in the Los Angeles Times: “While it’s still in the early days, here’s what we’ve learned so far. For one thing, circumstances vary significantly country by country, and even city by city. So, directors and showrunners need to work with local health authorities to adopt safeguards that take account of the situation on the ground. There is no one size fits all.”

Big Raises For Netflix’s Hastings, Sarandos

Reed Hastings, the streaming giant’s founder, CEO, president and chairman of the board, tallied $38.6 million in 2019, according to an SEC filing — a $2.5 million increase from the previous year. Chief Content Officer Ted Sarandos saw a $5.1 million bump to $34.7 million.

Netflix’s Hastings, Sarandos Get Pay Hike

Netflix’s two top execs, CEO Reed Hastings and chief content officer Ted Sarandos, will each see their pay rise to more than $34 million in 2020, according to the company’s filing with the SEC on Monday. Both are set to make $34.7 million next year, which would represent a 10% pay increase from the $31.5 million each earned this year.

Netflix’s Ted Sarandos Talks Ratings, Paying Film Talent And HBO’s Emmy Haul

Netflix Top Exec Pay To Grow To $31.5M

The streamer disclosed in a regulatory filing Dec. 28 that its top executive, CEO Reed Hastings, could make as much as $31.5 million during the upcoming year. That compares with the up to $29.4 million he stood to receive for his work in 2018. Hastings’ 2019 pay package is made up of just $700,000 in salary and as much as $30.8 million in stock options. Content chief Ted Sarandos will also see his compensation go up in 2019, matching Hastings’ $31.5 million potential total.

Netflix To New Competitors: Bring It On

Netflix Chief Content Officer Ted Sarandos knows that big players such as Walt Disney Co. and WarnerMedia are coming after his business — and he’s not worried about it. The streaming behemoth saw it coming seven years ago when it began aggressively pursuing original programming of its own instead of depending solely on acquisitions from the TV and movie production studios.

TCA SUMMER PRESS TOUR

Sarandos: Netflix To Spend More On Originals

A week-and-a-half after Netflix revealed a slowdown in subscriber growth, Ted Sarandos took the stage Wednesday at the TV industry’s summer press tour to talk about an area in which the streamer is growing at a rapid clip: original programming. The chief content officer used his platform in front of the Television Critics Association to reveal that he plans to spend more than the already sky-high $6 billion that Netflix has allocated for originals and acquisitions.

NATPE 2016

NATPE Taps Netflix’s Sarandos As Moderator

The Netflix content exec will host a conversation with television legends Norman Lear and Quincy Jones on Jan. 20 during this year’s annual conference and marketplace. 

NATPE 2015

Netflix Eyes 20 Original Series A Year

As Netflix continues to expand internationally, CEO Ted Sarandos said he wants to offer as many as 20 original scripted series per year as he sat in conversation with Netflix-friendly creators Vince Gilligan (Breaking Bad) and Mitch Hurwitz (Arrested Development) on Wednesday at NATPE.

NATPE 2015

NATPE Honors Six With Tartikoff Awards

At the 12th anniversary Brandon Tartikoff Legacy Awards on Wednesday evening, Jay Leno, the last of the half dozen honorees to appear, spoke from the heart about what Tartikoff had meant to him. Tartikoff, who died in 1997 at age 48, had been head of NBC Entertainment when Leno was first starting his career, back when the comedian first appeared on The Tonight Show, which then starred Johnny Carson.

TCA WINTER PRESS TOUR

Netflix Determined Not To Release Ratings

Netflix remains committed to not releasing data regarding the viewership of its shows “for as long as we can,” Chief Content Officer Ted Sarandos told journalists at the kickoff of the semi-annual TV Critics Association press tour today. The streaming service has irritated reporters with its unwillingness to issue information regarding the metrics it uses to gauge the success of shows, and Sarandos held to that line, saying, “There’s no real business reason for us to report those numbers.”

Netflix Cuts CEO Reed Hastings’ Pay By $2M

Netflix has slashed executive pay for CEO Reed Hastings and Chief Content Officer Ted Sarandos, though both have the opportunity to earn far more in total compensation through stock options. Hastings’ salary will be cut from $3 million per year to $1 million. This comes just one year after the board upped Hastings’ salary by $1 million, according the company’s regulatory filing on Monday.

Sarandos Holds The Key To Netflix-HBO Battle

Ted Sarandos, Netflix’s content guru, isn’t your grandpa’s “Mr. Television.” He’s not content to sit still with HBO and other heavy hitters in pursuit.

Is Japan Next Stop For Netflix?

NATPE 2015

Tartikoff Awards For Blue, Leno, Sarandos

Netflix’s Ted Sarandos, Jay Leno, Entertainment Tonight alum Linda Bell Blue and producer Jonathan Murray are among the industry notables set to receive the Brandon Tartikoff Legacy Awards on Jan. 21 at the NATPE confab in Miami Beach.

Netflix’s Ted Sarandos To Deliver MIPCOM Keynote

NATPE 2012

Sarandos: Netflix Is TV’s Good Friend

Ted Sarandos, Netflix chief content officer, says his service is helping attract viewers to broadcast and cable shows. “What’s really exciting for us is to bring new people to a show,” Sarandos says. “More people watched the first season of Mad Men on Netflix than on AMC.” And with its recent foray into original programming, it hopes to expand its role.

NATPE 2011

Netflix: We Are Content Community’s Friend

Netflix Chief Content Officer Ted Sarandos says he will make deals with HBO. He also says that he sees market solutions for net neutrality.