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Netflix CEO Makes $9.3 Million In Salary
Netflix is a company that allow people to watch TV episodes and a variety of movies from the comfort of their home. It is businesses like Netflix (Redbox, Blockbuster boxes, etc) that have put the typical movie rental places out of business. No one rents movies from the local Movie Gallery, Blockbuster store, or places like that anymore. Renting movies for cheaper prices and in more convenience ways have outdated these businesses. Netflix’s rates are around $8 per month for unlimited movies that include dramas, documentaries, comedies, romances, sci-fi, horror, and the list goes on and on. Also Netflix offers the ability to watch TV series from one’s home TV. This system is also available for the internet as well, so people can watch movies and everything else Netflix offers from their computers as well.
Netflix is an extremely successful company. So many movie rental businesses going out of business results in people having to resort to Netflix and other convenient movie rental places instead. Redbox is also very popular; it offers movies for $1 with a 34 hour return limit. They offer a variety of the newest releases as well as some classics. Where some complaints about Netflix have been is in regards to their movie selection and that most of their movies are not new releases. Yes, they do have a lot of different options, but what people most want to watch are the new releases. However they have been making changes to this in their company.
Here’s some information about how successful the company has been in the past year and how this affected the CEO:
“Netflix, who has seen some rocky patches in the last long while, just reported that CEO Reed Hastings got a 68% raise in stock options last year, regardless of the fact that the company lost 62.5% of its value last year. Hastings brought in $8.8 million in stock potions, on top of his regular salary, for a total of $9.3 million.”