Latest in Reed Hastings

Jeffrey Katzenberg hasn’t said anything yet, but more big Democratic donors are speaking out for Joe Biden to step aside after last week’s debate debacle. Outspoken Disney heiress and documentary filmmaker Abigail Disney has weighed in on Biden post-debate, telling CNBC she plans to pause all…

The donor dam has broken on Joe Biden. Just hours after Watchmen boss Damon Lindelof wrote a guest column for Deadline calling for the 81-year-old incumbent to bow out of the 2024 election after a truly terrible debate performance last week, Netflix's co-founder Reed Hastings is publicly advocating…

Netflix founder and executive chair Reed Hastings has gifted 2 million shares, worth over $1.1 billion at the stock’s current price, to the Mountain View, California-based Silicon Valley Community Foundation, Deadline has confirmed. The move was noted in a recent SEC filing without the beneficiary…

Netflix said today it plans to award its co-chief operating officers identical compensation packages for 2024 worth $40 million each. Ted Sarandos and Greg Peters will receive a $3 million base salary; a target bonus of $6 million; a RSU award with a total value of $15.5 million and a PSU award also…

Netflix said it’s working on modifications to CEO pay policies after a majority of shareholders declined to approve top executive compensation in a non-binding vote at the last annual meeting. The company had said as much earlier this year. “We recognize we don't have wide support for our executive…

Joe Biden’s reelection campaign has drawn early support from a range of figures in entertainment, media and tech, including six-figure contributions from a list that includes Seth MacFarlane, Netflix’s Reed Hastings and OpenAI’s Sam Altman. Among donors in entertainment, Jeffrey Katzenberg gave the…

Reed Hastings saw his total pay package jump by about $10 million in 2022 to $51 million on a new stock option grant. Co-CEO Ted Sarandos pulled in total compensation of $50.3 million, up from $38.2 million, also on a bigger option grant. The streaming company in SEC documents Friday revealed that…

EXCLUSIVE: The European Broadcasting Union (EBU) has responded to Reed Hastings’ claim Netflix is the “biggest builder” of cross-country culture in the EU. The EBU, which represents Europe’s public broadcasting networks, said its members spend €20BN ($21BN) a year on “homegrown” content, well above…

Reed Hastings just made a bold claim: That Netflix is the “biggest builder of cross-European culture.” Speaking at Netflix’s European headquarters in Amsterdam today, the streamer’s founder and Executive Chairman said an “unexpected” outcome of pushing into European originals was how series and films…

Warner Bros Discovery chief executive David Zaslav earned $232 million in excess compensation in 2021, according to As You Sow's latest annual ranking of the most overpaid CEOs among S&P 500 companies. Amazon, Apple, Disney and Netflix are also high up in the group’s ninth report that looks beyond total…

Netflix stock closed the week at its highest level since last April, rising more than 8% Friday to end at $342.50 after the company reported strong subscriber growth and executed a smooth handoff atop its executive ranks. A darling of investors for most of its two-plus decades of public trading…

Newly minted Netflix Co-CEO Greg Peters and Ted Sarandos, who has held that title since 2020, say no major strategic shifts are in the immediate offing after Reed Hastings passed them the leadership baton. “We don’t have a bank of changes that we’ve been holding for this moment,” Peters said during…