Netflix CEO Ted Sarandos’ pay package dipped in 2023, but still it was $49.8 mn
Netflix co-CEO Ted Sarandos earned a bit less in 2023 than the year before -- but his pay package was still worth $49.8 million, reports 'Variety'.
Production banner Walt Disney Co has ended its movie distribution agreement with Netflix and will soon launch two new online streaming services — one for sports and the other for films and TV shows.
The standalone subscription services would appeal to younger audiences who are turning away from traditional media and joining to Netflix and other digital platforms, reports latimes.com.
The sports streaming service, which would be available next year, is expected to feature 10,000 sporting events annually, among them Major League Baseball games.
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The Disney-backed film and TV offering, set to debut in 2019, would include original content by Walt Disney Studios.
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