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Netflix pays content chief Sarandos like a mogul with 50% raise

Sarandos, 54, joined Netflix in 2000 and has emerged this decade as one of the most powerful figures in Hollywood


The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas California The Netflix logo is pictured on a television

John J Edwards III | Bloomberg
Netflix Inc. gave Chief Content Officer Ted Sarandos a 50 percent increase in salary for 2019, vaulting him into the ranks of Hollywood’s best-paid media moguls with $18 million in base compensation.
Sarandos’s cash pay compares with the $20.2 million that 21st Century Fox Inc. Chairman Rupert Murdoch got last fiscal year, and the $17.7 million Walt Disney Co. Chief Executive Officer Bob Iger received. Netflix also granted Sarandos $13.5 million in stock options, according to a filing Friday, comparable to the awards other elite media executives received.
Netflix CEO Reed Hastings, meanwhile, is getting paid like his

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First Published: Dec 29 2018 | 8:45 PM IST

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