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Friday, June 2, 2023

The board will hold up. Netflix executives want pay raise

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Netflix shareholders oppose giant compensation packages for company executives. A total of $166 million will be spent on salaries and executive packages. annually. At the same time, the company says it can’t find an additional $68 million in pay raises for striking writers.

Hollywood screenwriters still have not received raises and guarantees of more stable working conditions. Movie studios lose because they don’t have good material. The strike also affected streaming platforms, which release dozens of products. There is no money for screenwriters, because costs are growing, there are fewer subscribers, explains Netflix.

The board, however, will feed itself, with a total of $166 million to be spent on salaries and executive packages. annually. This is equivalent to almost PLN 700 million, according to Business Insider.

Some Netflix shareholders oppose such largesse. They don’t like the fact that the board says there is no money for screenwriters’ allowances - which should cost around PLN 68 million - but they give themselves huge allowances with a light hand.

The average Netflix employee earns $218,000 a year. hole.

Netflix in Poland with new fee of 9.99 for account and password sharing

However, we usually write about Netflix in a very different context. The company has announced a big change: This is the end of sharing your account password in multi-user groups. Or at least for free.

The company reminds that the Netflix account is “intended for use within the same household.” However, it’s no secret that it’s extremely popular to share a single account with a wider family or group of friends. Netflix has turned a blind eye to this until now, but finally said stop. Sending emails to subscribers has already begun in 103 countries, including Poland and the United States.

If you want to share your Netflix account with someone who doesn’t live with you, you have several options: […] Adding an additional user. You can share your Netflix account with someone who doesn’t live with you for an additional fee of PLN 9.99 per month. - says an excerpt from a message posted on the social network. We write more in the text below.

Designed by: Martina Koska
Source: Business Insiders / Wprost

Source: Wprost

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