All articles tagged with #greg peters
Netflix CEOs Ted Sarandos and Greg Peters expressed skepticism about the effectiveness of media mergers like Warner Bros. Discovery's potential sale, emphasizing the importance of developing capabilities through internal efforts rather than acquisitions, and highlighting the complex, multi-faceted nature of their competitive landscape.
Wall Street bond traders are engaged in a debate over the neutral interest rate, with estimates ranging from 2.4% to 4.5%. Despite the varied opinions, experts like Greg Peters acknowledge the uncertainty surrounding the true neutral rate, highlighting the high stakes involved in these predictions for the bond market.
Netflix co-CEO Greg Peters emphasized that creating hit content is more about artistic intuition than data science, highlighting the importance of variety and quality to engage their 500 million viewers. Speaking at Deloitte’s Media & Telecoms 2024 and Beyond Conference, Peters discussed Netflix's strategy of leveraging local and diverse executives to develop a broad slate of content. He also outlined a $600 billion market opportunity across streaming, linear, advertising, and gaming, and noted the company's recent successes in subscriber growth, advertising tier, and password-sharing crackdown.
Netflix CEO Greg Peters explained that the upcoming Apple Vision Pro VR headset is not big enough to justify the development of a dedicated app, citing the device's small user base. While there are no immediate plans for a Netflix app on Vision Pro, Peters hinted that it could happen in the future as the user base grows. Additionally, the company will not allow users to run the iPad version of Netflix on the VR headset, and other popular apps like YouTube and Spotify will also be unavailable, although over 250 other apps will be accessible.
Netflix plans to award its co-chief operating officers, Ted Sarandos and Greg Peters, identical compensation packages for 2024 worth $40 million each. The packages include a $3 million base salary, a target bonus of $6 million, a time-based restricted stock unit (RSU) award valued at $15.5 million, and a performance-based restricted stock unit (PSU) award valued at $15 million. The change reflects Netflix's decision to no longer allow executives to choose between cash or stock compensation. The company's CEO, Reed Hastings, will receive a package worth $1 million, while other executive officers will receive varying compensation amounts.
Netflix's board has approved the 2024 pay packages for its top executives, with co-CEOs Ted Sarandos and Greg Peters set to receive $40 million each. Sarandos' pay remains the same as in 2023, while Peters' compensation sees a 5% increase. Former CEO Reed Hastings, now executive chairman, will receive $1 million, down from $3 million in 2023. The company made changes to the structure of the pay packages, including eliminating the option for executives to choose between cash salary and stock options. The packages consist of base salaries, cash bonuses, and stock awards.