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What the Media s Most Powerful Execs Were Paid in 2020: Did Pandemic Pay Cuts Have an Impact?
David Lieberman, provided by
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Do media barons believe in shared sacrifice? When the COVID-19 pandemic hit in 2020, several CEOs made headlines by voluntarily cutting their take-home pay or forgoing salaries. After all, the global health crisis had closed movie theaters and theme parks and brought film and television production to a standstill, forcing companies to lay off or furlough thousands of workers. “Everything stopped. Everything closed down,” says Bertha Masuda, a partner in Compensation Advisory Partners. “I don’t think there has ever been an event for these businesses as catastrophic as COVID.”
With sign-ups booming, Comcast weighs taking NBC streaming service overseas bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Oh, come on, for gawd sake!
We hardly used last year’s and if this year was going to suck like 2020, we figured why waste the money?
Recycle!
Despite all the corporate blood-letting in the M&E industry, creative content development, production and distribution survived and is ready to do what it’s supposed to do … serve the consumer.
Maybe the reset wasn’t all that bad.
When Universal announced they were taking
Trolls World Tour DTC last April, it was almost as though the company’s parent, NBCUniversal’s parent said,
“If this sucker goes south it’s her fault but if it proves successful we’re taking credit for it.”
When it comes to video streaming, it’s hard to beat Netflix with over 200 million subscribers. Disney+ is catching up at 95 million subscribers despite