Netflix s pandemic party turns to hangover as lockdowns lift
25 Apr, 2021 09:00 PM
5 minutes to read
Streaming giant Netflix is struggling to deliver new original content due to coronavirus filming delays. Photo / Netflix
Streaming giant Netflix is struggling to deliver new original content due to coronavirus filming delays. Photo / Netflix
Daily Telegraph UK
By: Margi Murphy and Laurence Dodds
Though its library of new shows may be minimal thanks to the pandemic, Netflix still managed to release an original straight from the horror category on Tuesday. Investors were spooked to learn that the first three months of this year – traditionally a big period for the streaming giant – brought its worst first quarter subscriber growth in four years, with 12m fewer sign-ups than the same period in 2020.
Netflix s Growth Is Slowing: Does It Matter?
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Netflix s Growth Is Slowing: Does It Matter?
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The Netflix Subscriber Slowdown Isn’t Really a Problem (Yet) This story first ran in Buffering, Vulture’s newsletter about the streaming industry. Head to vulture.com/buffering and subscribe today! This story first ran in Buffering, Vulture’s newsletter about the streaming industry. Head to vulture.com/buffering and subscribe today! Photo: Courtesy of Netflix
Netflix issued its quarterly report card Tuesday, and by now you probably know the headline takeaway: The streamer added 4 million new global subscribers at the start of 2021, which is 2 million fewer than the 6 million it had projected. Commence the usual panic that Netflix has peaked, the streaming wars are getting bloody, and the new king of video is [
Reed Hastings; Ted Sarandos
The streaming giant disclosed the compensation of its top executives in a regulatory filing.
Netflix co-CEOs Reed Hastings and Ted Sarandos each saw their compensation rise in 2020, as the pandemic pushed Netflix to new subscriber heights.
Hastings earned $43.2 million, compared to the $38.6 million package that he made in 2019. Meanwhile, Sarandos, who was named co-CEO over the summer, saw his pay package rise to $39.3 million, compared with the $34.7 million he made in 2019.
Hastings had a base salary of $650,000, with the rest of his compensation coming in the form of stock options. Sarandos, by contrast, had a base salary of $20 million, with another $18 million coming in the form of stock. He also received nearly $1 million for security costs.