Annual compensation packages size of media and entertainment execs U.S. 2021-2022

In 2022, the highest paid media and entertainment industry executive in the United States was Reed Hastings, the CEO of Netflix - his compensation package amounted to over 51 million dollars, representing growth of 25 percent, compared to previous year. At that same time, Bob Bakish, the CEO of Paramount Global saw the highest growth in compensation, at 60 percent, while Andy Jassy from Amazon experienced the largest decline in pay, at 99 percent.

Netflix employment – additional information

Throughout the last decade, the numerous efforts to develop in the competitive video market meant that Netflix had to invest in human capital. Amidst the largest boom in streaming consumption during the coronavirus pandemic in the years 2020 and 2021, Netflix grew its workforce by 20 percent. However, 2022 brought news of the changes in the employment market, and Netflix was one of the many media companies that announced mass layoffs.

Which media companies generate the highest revenues?

The world’s leading media and entertainment companies – Alphabet, Comcast, Meta, and Disney – are indisputably profitable. In 2022, the four companies collectively generated close to 600 billion euros in revenue. Something else these companies also have in common is that they were founded in the United States and then became the country's largest media conglomerates. Dealing in all things media and also dabbling in other industries, these media behemoths are constantly expanding their portfolios via numerous acquisitions. In fact, the tech, media, and telco industries are the most active in the M&A area.