Netflix Stock Price Today – Disney and Netflix executives’ ‘movie’ earnings revealed during coronavirus pandemic
Variety magazine has published An investigation into the earnings of executives of the largest US media companies during the coronavirus pandemic.
According to the disclosed data, the president of The Walt Disney Company, Robert Iger, considered the highest paid executive of the company, would have won $ 21 million during 2020.
On December 10, it was revealed that almost 87 million users subscribed to the Disney + video streaming service for the past year. This was due to the fact that the premieres of many Disney films were not held in theaters, due to restrictions due to the pandemic, but directly on the platform.
For his part, the executive and co-founder of the Netflix video streaming service, Reed Hastings, would have earned $ 43.2 million in 2020.
Since the beginning of the pandemic, when the whole world became isolated and demanded multimedia entertainment content, Netflix’s business model has generated multimillion-dollar profits for the company. During the entire period of isolation, more than 37 million users joined the service.
Also, in November and December 2020, Hastings sold Netflix shares worth $ 225 million. At the same time, he earned $ 612 million for exercising his stock options in 2020.
Netflix, which surpassed 200 million subscribers last year, saw shares revalue by more than 67% in 2020.
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